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

Survive and Thrive November: Our Cabin on Kodiak, Alaska

November 1, 2019 By E.J. Smith - Your Survival Guy

Dear Survivor,

I’ve been working with Dr. Lee for 16-years. He was only 53 when he became a client. Even back then he was the millionaire next door.

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

But for about two weeks of every month, he doesn’t have any neighbors. That is unless you happen to have a cabin on Kodiak Island, Alaska. Even then you probably won’t see each other. Overlooking the water, his cabin is a fly cast away from world-class King Salmon fishing. He loves to fish.

He also loves to share his knowledge and to keep learning.

Before he retired he would sharpen his professional axe teaching university students about oral healthcare. Today he still attends a financial seminar every year to keep up on the world of finance and investing. You wouldn’t believe some of the horror stories he’s told me from investors he’s spoken to at these events. Oftentimes he sums up the seminars like this: “You know E.J., it turns out compound interest still works.”

Dr. Lee knows investing is simple. He also knows realizing investment success is difficult to do. That’s why we’ve worked so well together for so many years.

E.J.-I was out at my cabin on Kodiak recently with some friends. Talk got around to how can you afford to do this. I told them about what we recently talked about and the idea for this Thank You note was born. I’m the one in the center holding the homemade note. They all send their thanks since this probably wouldn’t have been possible without your help. Have a great day. Lee

The Land of Giant Bears | Full Documentary – Planet Doc Full Documentaries

Part of my effort on your behalf is to help you avoid inertia, get into the compounding game, and always be prepared for the worst. Always think about your risks first and realize the success you and your family deserve. It’s that simple.

Here’s what Dr. Lee wrote to me later about investing:

It’s not Rocket Science. Simple. Start early follow the Young philosophy and stay the course. Einstein‘s 8th wonder of the world will do the rest for you. Lee

That eighth wonder of the world is compound interest. The best way to begin understanding the power of compound interest is to consider saving for your grandchild. Back in July, I wrote about such a scenario:

The short answer is, early. The earlier you can start saving for your grandchild, the greater the impact you’ll have on their life.

Take a trip with me. Let’s say you help a grandchild get into the savings game when they’re born by contributing $525 per year to an account you establish for them. (I favor UGMAs for this purpose). You diligently save each year for her first 21 years.

Then when she turns 22, she continues along the same path, saving $525 on her own each year until she’s 64.

Look at my table below to compare her success to someone who begins his investment savings at age 22 at double the savings rate of your granddaughter, saving $1,100 each year. Even though he’s saving twice as much each year, when he turns 64 he’ll have half as much as your granddaughter simply because you helped put time on her side with your early generosity (I’ve used a long-term expectation for stocks of 6% growth per year).

So, how do you save money for your grandchild? Easy, put time on their side.

You must be the one to harness the power of compound interest by saving early and often.

By Anton Foltin @Shutterstock

Reader Inbox

You can’t make this stuff up. As one client emails:

E.J.,

I feel blessed by PG&E. They threatened to turn off power again early this morning and at this writing (1:35 PM) it is still on. The Saturday night to Monday afternoon outage wasn’t exactly fun. I lost everything in my refrigerator and freezer and couldn’t cook anything. I’m in a condo, so no generator is allowed. My son’s community in Maine looks more inviting by the day.

And another:

E.J.,

Hope you are well.  Read the “Your Survival Guy” article about the sorry state of the sorry state of California — where I live.  Hard to believe politicians could ruin such a beautiful state — but they are.

We just bought a condo in Nevada, which we may make our permanent home. Still have to pay ridiculously high state income taxes to California — but a 1031 exchange could change that.  Though there seems to be a rush to the exits…and we’re not first in line. 

Electric Cars in a Disaster

What if you have an electric car, you have no power, your car isn’t charged, and you need to evacuate? This is exactly the point made recently in Car and Driver:

“Weeks can be a long wait if you’re looking at a Model 3 in your garage with a drained battery, no electrical power to charge it, and the closest grocery store with power 80 miles away. But such is life in the Golden State, where forests and chaparral are all on hair triggers ready to ignite with slightest transformer malfunction or transmission line break. 

An Alternative Energy Source

Then there’s Murray Energy which filed for bankruptcy this week as reported in the WSJ:

“Murray Energy Corp., led by outspoken Trump administration ally Robert Murray, has filed for chapter 11 protection, a stark example of coal’s diminished role in the U.S. energy sector.    

The eighth coal producer to collapse into bankruptcy over the past year, Murray Energy is the latest to fall victim to diminished demand for coal and competition from cheaper fuels.”

Live Free or Die

This is anecdotal evidence for sure, but in my Live Free or Die state of New Hampshire losing power is a life-threatening event. Imagine a power outage in sub-zero temps in mid-January and you get the point. That’s why trees and branches are basically clear cut away from power lines. It’s not rocket science.

Chart of the Day

Make sure you’re prepared to your fullest capacity. Don’t wait until it’s too late. As you can see with the share price of Generac this wasn’t hard to see.

Survive and Thrive this Month.

Warm regards,

E.J.,

“Your Survival Guy”

  • If someone forwarded this to you, and you want to learn more about Your Survival Guy, read about me here.
  • If you would like to contact me and receive a response, please email me at ejsmith@yoursurvivalguy.com.
  • Would you like to receive an email alert letting you know when Survive and Thrive is published each month? You can subscribe to my free email here.
  • You can also follow me on Twitter, Instagram, and Facebook.

P.S. From the AP:

“Millions of people have been without power for days as fire crews race to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles.

Across Northern California, people worried about charging cellphones, finding gasoline and cash, keeping their food from spoiling and staying warm. Some ended up at centers set up by PG&E where people could go to power their electronics and get free water, snacks, flashlights and solar lanterns…

PG&E said Tuesday’s blackouts — the third round in a week — would affect about 1.5 million people in 29 counties, including 1 million still without power from a shut-off over the weekend.”

California: where you can’t even trust government to keep the lights on. (from BRIGHT editor Inez Feltscher Stepman, a senior contributor to The Federalist.)

P.P.S. Investment planning in one chart.

P.P.P.S. What happens when a defense contractor buys a luxury tank maker? Over the years, defense industry watchers have been in awe over Howe and Howe Tech’s Ripsaw creations, from the EV2 (Extreme Vehicle), the EV3-F1 single-seater, EV3-F2 two-seater, to the EV3-F4 four-seater. This superfast tank system has done nothing but turn heads, including that of Textron Systems CEO, Lisa Atherton, who watched an episode of Jay Leno’s Garage featuring the Ripsaw.

Textron Systems eventually purchased the Maine-based Howe & Howe Technologies to fill the company’s gap in the unmanned land vehicle area of the defense market. The deal finalized in December of 2018, and Textron is already rolling out a 10-ton unmanned robotic combat vehicle known as the Ripsaw M5.

#AUSA2019: #Textron, #HoweHowe and #FLIRSystems Unveil #RipsawM5 Proposal for #USArmy’s Robotic Combat Vehicle Program. #Ripsaw #UGV https://t.co/SEPhc74pjz pic.twitter.com/VKNj3hMmY2

— DefPost (@defpostmedia) October 14, 2019

The M5 has an electric hybrid drive, can run in silent mode, and is completely modular. The company plans to enter it in the U.S. Army’s Robotic and Autonomous Systems (RAS) effort. See Textron’s press release below:

Textron Systems, a business of Textron Inc. (NYSE: TXT), its Howe & Howe subsidiary and FLIR Systems, Inc. today debuted the Ripsaw® M5 during the 2019 AUSA Annual Meeting. As the Team Ripsaw offering for the U.S. Army’s Robotic Combat Vehicle (RCV) program, Ripsaw M5 delivers aggressive mobility and modularity for multiple missions. This combination, along with teammates having decades of proven robotics and unmanned systems experience, results in a low-risk, ready-now solution.

Based on Howe & Howe’s deep knowledge of purpose-built ground vehicles, Team Ripsaw has designed the M5 for high speed and superior mobility in the most rugged terrains and weather. This fifth-generation robotic combat vehicle platform combines scalable armor, suspension and drive options to meet a variety of mission demands. The team has invested up-front in key technologies to demonstrate that the Ripsaw M5 is mission ready to provide the U.S. Army confident execution with uncompromising technology, including real-time situational awareness systems, remote weapons stations and terrain engagement systems.

“My brother Geoff and I founded Howe & Howe with the single, clear objective of safeguarding our nation’s warfighters,” notes Senior Vice President Mike Howe. “This drive led us to develop the fastest tracked vehicle in the world, and we’ve applied that same spirit and purity of innovation to the Ripsaw M5.”

The support of FLIR Systems bridges the gap for the Ripsaw M5 system to quickly achieve the Army’s objective of unmanned operations, alongside Textron Systems’ longstanding autonomy and armored vehicle design, production, training and logistics experience.

“Incorporating our world-class intelligent sensors and unmanned assets on the Ripsaw M5 will provide a leap-ahead technology solution for the Army,” said David Ray, President of FLIR Systems’ Government and Defense business unit. “From cameras delivering 360-degree situational awareness to surveillance gimbals, tethered drones and ground robots, we’ll give our troops a tactical edge by keeping them on technology’s edge.”

“Bringing together Howe & Howe, Textron Systems and FLIR Systems really represents a dream team,” says President & CEO Lisa Atherton of Textron Systems. “We formed this team based on our shared focus to serve this customer with disruptive ideas and proven experience, and we are dedicated to meeting and exceeding their requirements through the RCV program. We are confident that the Ripsaw M5 is their ideal wingman, and that we can get these vehicles out into the field where they need them – quickly.”

 

 

Download this post as a PDF by clicking here.

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

  • “Talk to Me, Goose!” Time Flies in Top Gun: Maverick
  • Your Investment Focus Is the Foundation for Success
  • How Will YOU Feel in Retirement? Let Me Explain
  • “I Need Preservation of Principal and Growth”
  • For Whom Is Your Portfolio Serving?
  • GET PAID: How To Invest in Biden’s Inflationary Market
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
  • When Is the Best Time for You to Do This?
  • Don’t Let Your Lazy Cash Eat all Your Food
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.