Walking back to the house from 5 Brothers, Cuban coffees in hand, it was hard to believe how well stocks were doing. “Remember, Survival Guy,” Dick said, “Study the historical performance of a balanced fund like Wellington and understand the value of counterbalancing.” That was back in 2007 when a certain candidate was running on “Hope and Change.”
How quickly life changes.
That same message was told to me by Dick Young back in 1998. “Survival Guy, it’s not about return on assets it’s about return of assets.”
Your Survival Guy studied the counterbalancing approach he had made famous through Richard C. Young’s Intelligence Report, holding on to every word like it was the gospel. Would you want to go head-to-head with him? I didn’t think so.
Here we are today, with immense anticipation for a bright future. And yet, here we are again talking about the principles of a balanced portfolio. You have read, like I did, about the death of balanced portfolios. Don’t believe it. The articles write themselves, and like clockwork, history proves them wrong.
Action Line: Hope is not a strategy. History has proven that good times don’t last forever. Invest accordingly. When you’re ready to talk, let’s talk. But only if you’re serious. Email me at ejsmith@yoursurvivalguy.com
