Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Your Social Life During the Pandemic and MORE

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A few thoughts for you as a client/friend tells me life is good. Life hasn’t changed too much in retirement during the pandemic, he tells me. He laughed and commented that according to Clint Eastwood, you know you didn’t have much of a social life if the pandemic didn’t change it much.

  • You read Amazon will stream NFL games. Yippee. What happens when your internet gets overloaded, and you miss the game-winning TD?
  • Cash is king? Not buying it? Good. When was the last time the government created anything of value?
  • I like high-quality short-term bonds mixed in with some high yield junk and sprinkled with some floating rate. Bond investing doesn’t have to be b-o-r-i-n-g.
  • Writing stock options or playing golf? No brainer. Golf.
  • Stop losses. Yes or no? No.
  • Why? Because a stop loss isn’t a promise to sell at your price. It’s a promise to look for a buyer. There needs to be a buyer.
  • It’s like visiting Stop & Shop. You’re the produce.
  • When you can’t predict the future (if you can, you don’t need me, right?) then why rely on predictions with naked calls?
  • Being right once is hard enough.
  • A client in Louisiana in her 90s misses her lunches with her lady friends. She said she’s ready to get back out there. She’s going to sell her motor coach/van, though—no one to travel with.

  • This time last year, we were heading out to Telluride, CO. Had to come back after three days because of some virus in China.
  • This ski season, resorts are doing the best they can.
  • Mad River Glen has an old, single-person chair. As a reader in the WSJ comments noted: That’s some forward-thinking.
  • Remember the Poma lifts? Where going up was as challenging as coming down?
  • How about the T-Bar? Good luck if you had an older sibling trying to knock you off.
  • How about 70% tax rates? Isn’t that what savers are paying for lost income thanks to the Fed’s low interest rate absurdity? Of course, it’s a tax. Paid by all SAVERS (deferred gratification is supposed to be REWARDED).
  • Talked with a child psychologist client/friend yesterday who reluctantly told me business is booming.
  • Open up America.
  • Enough already.

Action Line: I’ve heard many inspiring stories from clients and friends throughout the pandemic. I can’t wait to hear yours. Send this to someone you’ve been thinking about. We’re in this together.

Cobia and Yellow Jack.

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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 Zilldjians. 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