What Kind of Life Are You Investing For?

Dear investor, wouldn’t it be nice to forget it all and live without a care in the world? Ah, the good life. Sounds pretty nice, doesn’t it? But is it really that good? Living the good life isn’t necessarily a healthy one.

Now let’s contrast “the” good life with “a” good one. Living “a” good life is hard. When you hear “John lived a good life,” you picture a different individual than when you hear “John, he lived the good life.”

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As an investor, you want to live a good life. Nice and steady. No crazy ups and downs that push you out of positions, forcing a sale. Because that’s what can happen overnight with an investor who is living “the” good life as if investing is a party. It’s not.

The good life investor—maybe he’s a friend of yours—tells you all about his winnings and shows you his new foreign car to boot. Then when the lease is up, and the money’s gone, you don’t hear too much about how hard life got. You just know.

Now, an investor focused on living a good life is quiet. Laser-focused on slow and steady, just putting one foot in front of the other and compounding successes. Collecting dividends from stocks and interest from bonds. This investor understands it’s much easier to buy stocks than it is knowing when to sell.

Two lives. Easy to understand. One much harder than the other.

Action Line: Dear investor, look at these yields and understand stocks are selling for less than they were just months ago. Maybe it’s time we 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.