Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
      • 2023
      • 2022
      • 2021
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • March 2023: How Long Have You Been in the Investment Business?
    • February 2023: 4 Life Changing Words: “You Should Try This”
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

Your Survival Guy’s Conversation with Gov. Scott Walker

May 14, 2021 By E.J. Smith - Your Survival Guy

Check this out! Dave Davis of Indian Motorcycle of Milwaukee, Power Test Dyno and former Wisconsin Governor Scott Walker stopped by Milwaukee VA Fisher House to drop of a check for $11,000! The money was raised in a motorcycle ride paying tribute to the former governor for his service to the state and will be used to help families staying at Milwaukee VA’s Fisher House. Hats off to you!

You can imagine Your Survival Guy’s surprise when my cell phone rang while Becky and I were driving to dinner. Not recognizing the number, I picked up anyway. “Hi E.J., this is Scott Walker.”

If you’re looking to be a member of my Survive & Thrive club, click here.

• You may recall it was Gov. Walker whose yeoman’s work broke the back of the unions and collective bargaining in Wisconsin. Now he’s the president of Young America’s Foundation whose mission is: “[E]nsuring that increasing numbers of young Americans understand and are inspired by the ideas of individual freedom, a strong national defense, free enterprise, and traditional values.”

Gov. Walker and I talked for a while about the madness going on in schools with kids being brainwashed by the radical left. He and I agreed both of us needed to educate our own children (now grown) around the dinner table and refute a lot of the stuff they were hearing in school.

As an aside, I’ll never forget how when President Obama won the election there was a picture of him framed in the entrance to their grade school. When Trump won? An empty wall. Becky and I are supporters of Young America’s Foundation.

• “Who Pays for ESG Investing? BlackRock and others bill the cost to middle-income investors, in the form of lower returns,” heads a WSJ Opinion piece by Andy Puzder and Diane Black:

Consider BlackRock. Its 2020 Investment Stewardship Report states that ESG investing is “core to long-term value creation” for its clients. After being criticized for being insufficiently woke, CEO Larry Fink appears determined to show that BlackRock is serious about ESG investing. Mr. Fink has stated his goal is an economy “that emits no more carbon dioxide than it removes from the atmosphere by 2050,” which he acknowledges will require “a transformation of the entire economy.”

• Your Survival Guy’s take on ESG?

Under the heading that bigger is not better, how do you think these big fund firms will survive in a zero-cost game? They’re commodities after all. They need to have big ideas, like ESG, to vacuum up more money from you and me and all the other investors out there. In other words, they need novelty funds that charge high fees.

Believe me, they’re emailing me ESG crap all day long. This is the only way forward for them. They need to keep pounding the pavement to suck in new money and charge higher fees. “Hey, let’s talk about saving the environment and making everyone feel good about throwing money at this idea and hit ‘em where it hurts,” is the pitch.

• Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales: “The maddening thing for someone with a Western scientific turn of mind is that it’s not what’s in your pack that separates the quick from the dead. It’s not even what’s in your mind. Corny as it sounds, it’s what’s in your heart.”

• What’s Next? Deadly 21st Century Crashes

Click to enlarge.

• Turning to Chapter 8, p. 94 of the fourth revised edition of The Intelligent Investor by Benjamin Graham copyright ©1973. (My emphasis in bold.)

We have suggested as a fundamental guiding rule that the investor should never have less than 25% or more than 75% of his funds in common stocks, with a consequent inverse range of between 75% and 25% in bonds. There is an implication here that the standard division should be an equal one, or 50-50, between the two major investment mediums. According to tradition the sound reason for increasing the percentage in common stocks would be the appearance of the “bargain price” levels created in a protracted bear market. Conversely, sound procedure would call for reducing the common-stock component below 50% when in the judgment of the investor the market level has become dangerously high.

These copybook maxims have always been easy to enunciate and always difficult to follow—because they go against that very human nature which produces that excesses of bull and bear markets. It is almost a contradiction in terms to suggest as a feasible policy for the average stock owner that he lighten his holdings when the market advances beyond a certain point and add to them after a corresponding decline. It is because the average man operates, and apparently must operate, in opposite fashion that we have had the great advances and collapses of the past; and —this writer believes—we are likely to have them in the future.

• “Rule VIII: Try and make one room in your home as beautiful as possible,” Beyond Order: 12 More Rules for Life, by Jordan B. Peterson.

• “If politicians like Gov. Whitmer didn’t have double standards, would they have any standards at all?” writes James Freeman in his WSJ

Holy Hall.#NHLBruins pic.twitter.com/AekTAkIsTg

— x – Boston Bruins (@NHLBruins) May 11, 2021

• Looking forward to the Bruins’ first-round matchup against the Washington Caps, current home of 14-year Bruins captain Zdeno Chara. Here’s a pretty goal by Bruins’ trade deadline pickup Taylor Hall.

• Love the steel drums in this Orleans cover of King Harvest’s “Dancing In the Moonlight:”

Action Line: Thank you for being here. We’re in this together. Survive and Thrive this weekend.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

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.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • If You’re a Highly Effective Person, We Should Talk - March 24, 2023
  • What’s Happening to Charles Schwab? - March 24, 2023
  • Prepare for the Predictable - March 24, 2023
  • Is Vanguard Voting Against Your Political Beliefs? - March 23, 2023
  • Call It the Difference between Normal and Crazy - March 23, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Money 101

Recent Posts

  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening
  • How Long Is Your Water Supply Chain?
  • Your Survival Guy’s BEST Insider’s Guide to Key West

Trending

  • Is Vanguard Voting Against Your Political Beliefs?
  • What's Happening to Charles Schwab?
  • Are You Living Your Best Life?
  • Will the Black Swan Usher in Digital Dollars?
  • “I Need Preservation of Principal and Growth”
  • How the Rich Get Richer: You Invest, They Win
  • March RAGE Gauge: Will the Black Swan Usher in Digital Dollars?
  • New England Is Starving for Energy
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • DEMOCRATIC SENATOR: Biden's ESG Veto "Absolutely Infuriating"

Must Reads

  • GAME ON! Lessons from Street Hockey on Baker Lane
  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • Your Survival Guy’s 2022 Super States: #1 New Hampshire
  • Hey, Where’s Everyone Going? Follow the Money Kid
  • This State Leads America in Gun Ownership
  • BIDEN-FLATION: Here’s Why Prices Are Up At Your Favorite Restaurant
  • Yes, Your Children Are Listening to You
  • Don’t Let Your Lazy Cash Eat all Your Food
  • Slow and Steady Wins the Race: Most People Can’t Handle Making Money This Way
  • Your Survival Guy’s Fishing Stories: From Key West to Newport
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.