Your Survival Guy

Preparing your investments and family for when disaster strikes.

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What the Fed Rate Cut Means to You: Part III

By

Governor Jerome H. Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on the relationship between regulation and economic growth. June 22, 2017. Photo courtesy of the Federal Reserve.

With the return on cash and money markets coming down, expect investors to look for ways to replace the juicy yields they’ve become accustomed to. Don’t blame the weatherman for the weather—invest for the safety you deserve. Understand that returns on cash will be lower but not terrible—at least not yet. But if the Fed gets its way and cuts down the forest of short-term rates, you want to be prepared.

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Action Line: There are still yields you can sink your teeth into. Get your lazy cash off the couch and put it to work. The hard part is beating inertia and acting. When you’re ready to talk, let’s talk. But only if you’re serious. You can reach me at ejsmith@yoursurvivalguy.com.

Read the entire series here.

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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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