Your Survival Guy

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TIMES OF TROUBLE: No Assets Are Uncorrelated When They All Go to ZERO

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When a major financial publication discusses how to leverage your portfolio to boost returns, you realize how dire the financial market situation has become. The strategy works when non-correlated assets remain non-correlated assets. Sounds good on paper.

But, Your Survival Guy remembers how investors rushed to the exits in times of trouble three times already this century. The correlating asset? Investors trying to save theirs.

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So, when strategies depend on non-correlated assets to remain non-correlated, remember, everyone feels the same when you-know-what hits the fan.

You and I have discussed this before, but it needs repeating because investors have a short-term memory. All of these “studies” are about looking at the past or the rearview mirror. You don’t drive your car backward. Why then would you make decisions, the most important ones in your life, based on short-term concerns and past performance? That’s not investing. It’s called speculation.

Instead of worrying about the other guys, listen to Your Survival Guy and learn from me. Bad stuff happens in this world. I don’t want it happening to you. Way too much time and energy is spent on short-term performance, month to month, quarter to quarter, year to year. “How are ‘we’ doing?” type of questions abound.

How about thinking in terms of how you’ll survive and thrive and not outlive your money?

Action Line: As you and I drive our cars past empty dealership lots, and think about ghost ships, consider how this trend extends to all areas of the “global” economy. It’s a big, bad world out there, and everyone’s day trading their life away.

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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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