How to Survive the Pressure in Times Like These

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How we doing? Are you getting anxious about where the summer’s gone? Don’t worry. There’s plenty of time to do what you want to do. A close family friend is staying with us before heading out to Nantucket for a few days. The weather’s been gorgeous in Newport, RI. Not Tuesday, though, where the wind was howlin’ to the point the sailboat races were canceled. That never happens because of wind.

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How can we survive in times like these? That’s on my mind this morning. My simple solution is to just keep moving forward. You don’t need to save the summer in a day. Pressure is a terrible emotion, especially with investing. The beauty of having a plan is it removes pressure. You don’t have to think. You just do.

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For investors with a balanced portfolio, bonds are suddenly paying 4% or more and are probably about to get even better. Keep investing. And if you’re not retired, keep working and saving. Imagine making $400 at a part-time gig in retirement. Run the numbers. If you save $10,000 at 4%, that’s $400. That’s winning. Add some zeros, and you quickly see how valuable you are.

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You didn’t get here by spending. You’re a saver through and through. Compound experiences like you do your money, and you’ll look back over a year or two and think, “Wow, I did a lot.” You can do this. Let’s go.

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Action Line: Keep it simple. Believe in yourself. I do. If you need help building a plan for your savings, click here to get in touch with me. I’d love to talk with you.

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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 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.