What we’re seeing in markets is a repricing of risk—an often misunderstood four-letter word until it hits one’s portfolio.
Risk is not a word Your Survival Guy even likes using because it implies dangerous stuff could happen. Risk control is more my speed. Your Survival Guy’s risk tolerance is most likely lower than that of most investors (and they might outperform), but I’m okay with that.
The rah, rah, rah of the crypto bros, the look-at-me crowd, and the cocktail party big shots chant “No pain, no gain” in an upward-moving market.
Then they wake up one morning and see the real losses, and it’s too late as they cry, “No mas!”
That’s why paying attention to risk before the storm, before you leave the dock, is so crucial.
Everything I’m writing to you about seems to have to do with controlling your risk, avoiding mistakes, and developing good habits. Living and investing with an eye toward keeping what you make is a lifestyle. It centers around your family and Main Street living, not the boom-bust way of life chosen by so many.
Not me. I know how fast that way of life can change.
Action Line: This is exactly the type of investing landscape for the slow and steady income-oriented investor. One that, if you’re serious, perhaps we should talk about. But only if you’re serious. Until then, try to avoid the big mistakes. Download my special report: Top 10 Investing Mistakes to Avoid today.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Wellesley Fund: “Balanced Investing Is Dead” (Please Stop) - December 8, 2023
- Do You Have a Plan to Protect Your Personal Data? - December 8, 2023
- DIRTY JOBS: America Needs Mining Engineers - December 8, 2023
- Investing Habits of the Fairly Wealthy: #2 Coach - December 7, 2023
- Have All of New Jersey’s Workers Already Moved to Florida? - December 7, 2023