Your Survival Guy

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Your Retirement Life: Investing After Coronavirus

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Coronavirus Infects Stock Market: Part XXX

Some thoughts as you second guess your retirement (or your spouse does for you).

  • The late Richard Russell, in remembering the Great Depression: The most valuable asset you have is a J-O-B. (You know RR from Rich Man, Poor Man, an all-time favorite of mine.) Russell knew the pain when his father was jobless; losing confidence and self-worth; remembering a job does a lot more than just provide money.
  • Our loudmouth governors will not be able to keep Americans indoors forever: Don’t Tread on Me.
  • Make it your job to get out of debt.
  • The stock market lost money from 1965-1981. It doesn’t always come back on our schedule.
  • Shame on those driving Range Rovers away from food banks.
  • When $2 trillion, that’s with a “T,” enters the system, remember, nothing is free.
  • Ron Paul is right: End the Fed. Read it.
  • Rand Paul’s experience with coronavirus was mild.
  • Bill Sardi at Lewrockwell.com: “We have record of physicians and hospitals being paid to mis-code their diagnostic and billing numbers to indicate ‘COVID-19’ instead of plain pneumonia because hospitals are reimbursed $39,000 instead of just $13,000 for COVID-19!  There is a financial incentive to list COVID-19 on death certificates.” He points out that hospitals are compensated more when a patient dies from coronavirus even though it could have been from a range of other illnesses. He is more than a little skeptical about this virus. He calls it: CoroNOvirus.
  • Ayn Rand’s individualism is not about government help.
  • Our form of capitalism has government pushing aside the individual and picking winners.
  • Bonds protect your ass-ets when stocks crater, and yes, losing less is still a win in my book.
  • How much more water are we using by washing our hands?
  • What if something happens to your water supply? Are you prepared?
  • How will you boil water if you have no oil or natural gas? Do you have firewood?
  • How will you do this from a high rise apartment?
  • Live Free or Die: My favored firearms manufacturer, Sig Sauer, brought 20,000 masks to health care facilities.
  • Did you get outside today?
  • Do you take liposomal C?
  • Do you have cash?
  • Take a walk?
  • Call your mom?
  • The three most important letters in making money: Y-O-U

Read my entire series, Coronavirus Infects Stock Market 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.