Prices Are Like Adult Kids: You Don’t Have Much Control Over Them

September 27, 2022 By E.J. Smith - Your Survival Guy

By Jon Bilous @ Shutterstock.com

Prices. They’re like adult kids. We don’t have much control over ‘em. What do we do with them? I’ll tell you.

Tough love hurts. Spend less, save more. Become an independent inflation fighter. Because inflation means different things to different people. A new iPhone isn’t as important to me as, say, it is to someone else. Simple and to the point.

Like an aged fine wine, you’ll be amazed at how smart your adult kids think you’ve become—so I’m told. All I remember right now is, “Dad I want to be a garbage man.”

Investment Concerns? Save Money. Get My Friday Email. It’s Free

For me, time stands still on a long dirt road not far from our log cabin in New Hampshire. The Saco River runs along it, close enough that I worry about our dog Louis jumping in. Around this time of year, the fall, the leaves are changing, and where they once were, there’s an opening in one section where I can see Attitash Mountain, where our kids learned to ski. Remember those days?

Hey, it’s time to get up, the kids have lessons at eight. Rushing downstairs, lighting the fire, letting Louis outside, getting out the breakfast stuff, and gulping down some coffee. Then falling out the side door with skis, poles, one glove, and a chorus of, I don’t want to ski today. When I’m walking down that dirt road, I remember 15 years ago like it was yesterday. Because it feels like it was. Time flies, getting ready…

Action Line: In your busy life, think about prices with your investments. Think about that money hibernating for years, being careful not to wake it up too early. Right now, there are plenty of places I’d consider hiding for a long winter’s nap. Let’s talk.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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