Your Survival Guy

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Wellesley and Wellington: “To all a Good Night”

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A major publication is doing somewhat of an about-face on the virtues of balanced investing. As I mentioned, there have been a couple of foul balls lately in the form of articles with themes along the lines of “balanced investing is dead.” “Please stop,” I said to myself. “Is there a greater disservice to the long-term investor?”

A wise man once wrote, in his strategy report, Richard C. Young’s Intelligence Report, about how savvy investors should invest within a framework of 70-30 of stocks and bonds, or vice versa. In my regular conversations with him, Dick Young, my father-in-law, he reminds me about that golden nugget of advice. “Survival Guy,” he says, “Allocation is the straw that stirs the drink.”

Whether you have a mix of Wellesley and Wellington or some other derivative of a balanced strategy, including Treasury Money Markets and a consumer stock fund, or individual securities and bonds, you’re a balanced investor.

Be Intelligent: Join Dick Young & Get My Friday Email

What can be difficult is remaining balanced when prices are down. “How’s our money, honey?” can be a tough question to answer. Thankfully, you have Your Survival Guy to help explain.

Action Line: To all my balanced readers, sleep well(esley), be well(ington), and to all a good night. Let’s talk before the New Year, so you’re ready to go in 2024.

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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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