Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Robinhood’s Not Coming to Save You

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By Nataliya Komarova @ Shutterstock.com

OK, you don’t need to look too far to see how low-interest rates are. Talk about a tax on savers. And the destruction of the dollar isn’t far behind.

That’s why my favorite investment continues to be in yourself. If you have a job, try and keep it for as long as possible. If you’re retired, invest your dollars like they’re the last ones you’ll make.

I know you don’t want to hear this. But there is no Robinhood coming to save us. On the contrary, the more this market melts up, the more it will melt down when the reckoning arrives. And arrive it will. Remember, “adventures make one late for dinner.”

When you invest with safety first, you become a more relaxed and confident investor. You begin to understand how hard it is to make a dollar. And you do everything in your power to protect them as if they’re family members.

I want you to prepare for the worst. Don’t hope for the best because hope isn’t a strategy. It’s a feeling loaded with emotion. And emotion is not an investor’s friend.

When faced with adversity, investors react. They revert to their level of training. This isn’t my opinion. It’s just the truth. Get your portfolio properly positioned before it’s too late.

Action Line: Read more about how to protect yourself from inevitable turmoil in markets by learning about the power of counterbalanced total returns 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 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.