Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

Coronavirus Infects Stock Market

Close to One-Third of Investors Over 65 Moved to Cash

By

Coronavirus Infects Stock Market: Part LVIII How are you doing this morning? Hopefully, you’re not too shell shocked. If you are, then you’re not alone. A study by Fidelity Investments finds that close to one-third of investors over the age of 65 sold their stocks during the coronavirus meltdown reports The WSJ. Like a broken record, money managers tsk, tsk, tsk the sellers saying “hold your stocks for the long-term.” Well, that’s fine and good if you’re in your thirties, but a bit more difficult when you’re over 65. A prospective client wants to consolidate her assets with us mainly … [Read more...]

Your Survival Guy Escapes into the City, Uh-Oh

By

Coronavirus Infects Stock Market: Part LVII Heading into a city and putting your daughter on a plane are not things Your Survival Guy likes doing, nevermind in the middle of a crisis. But sometimes visiting a cousin in Naples, FL is what an eighteen-year-old needs to do for everyone involved. Becky and I couldn’t help but notice, about thirty miles south of the city, the flashing signs: “If You’re from Out of State We Urge You to Self-Quarantine for Fourteen Days,” which made us wonder: “who in their right mind is going to follow this BS?” Then we passed a car with its driver, all alone, … [Read more...]

You Need to Seek Some Shelter for When Things Get Ugly

By

Coronavirus Infects Stock Market: Part LVI “Requests for driving directions on Apple Inc.’s Maps app are back around mid January levels, while data from Dutch location technology firm TomTom International BV show traffic congestion gradually climbing in some late U.S. cities, though it is still down substantially from March levels in many,” reports the WSJ. But after this weekend’s riots, who is in a rush to visit a city? The future of the city is on the rocks. Blue state governors and mayors have gone wild. They’re a fiscal mess. Consider the self-inflicted wreckage of mismanaged … [Read more...]

Cowards Loot, You Fight

By

Coronavirus Infects Stock Market: Part LV You’ve seen how quickly blue state governors go wild. Now you’re seeing the looting and burning by cowards the blue-state governors aim to protect. Is this a dress rehearsal? Consider the recklessness from blue state governors and their self-crowning press conferences, stirring up resentment from the producers of the world. The allies of blue-state politicians in the media and technology industries have no problem setting one set of rules for America’s producers, and another for their favored groups. Tucker Carlson explains: Watch the … [Read more...]

Get Ready: Your Survival Guy’s Guide to the Second Wave

By

Coronavirus Infects Stock Market: Part LIV You read the news: “Coronavirus reaches 100,000 deaths,” streaming across all forms of media yesterday and yet, not a peep just a couple of years ago when the flu killed 80,000. It’s like the media is taking a victory lap, cheering the virus numbers higher. A group of restaurants and bars in Rhode Island want government money to stay closed, claiming it’s stressful being open. Imagine all the pushy parents wringing their hands because little Jonny can’t play travel sports this summer. Talk about an aggressive group. They along with the … [Read more...]

Big Government Politics on the Shores of Newport and Beyond

By

Coronavirus Infects Stock Market: Part LIII Blue state governors have completely dropped the ball in the name of science, killing businesses and creating new health problems like anxiety and depression. In blue Rhode Island, we have our governor patting us on the head after a “successful” Memorial Day weekend. “The good news is, overwhelmingly, people were out and about doing the right thing,” she said during her daily news briefing. Tonight’s Newport City Council meeting will hear a resolution to require all pedestrians to wear masks on certain streets at all hours of the day. Councilwoman … [Read more...]

American Businesses Show the Way Forward Where Blue-State Politicians Fail

By

Coronavirus Infects Stock Market: Part LII During the coronavirus outbreak, the difference between heavy-handed local government, and private enterprises has been plain. Businesses are incentivized to protect their most important assets, their employees. Government officials are protecting their own reputations. In the early days of the virus, Leupold, an American business serving police departments and America's military elite took smart steps to protect employees. At The Federalist, Madeline Osburn reports on Leupold's response in an interview with company CEO Bruce Pettet. … [Read more...]

“The Losses are Taking a Toll on Their Health”

By

Coronavirus Infects Stock Market: Part LI “You know what’s crazy,” a client told me yesterday, “is that investors spend more time buying a grill than picking a financial planner.” Friends of his are in deep financial trouble. The virus has made it even worse, and the losses are taking a toll on their health. Another client, who’s in my business, brings bond deals to market. He said every deal is oversubscribed with demand through the roof. We talked about how the retail investor has no chance to get in on these deals. When it comes to your bonds, you don’t want to be a retail buyer like … [Read more...]

Update! Why Vanguard is Too Big for YOU

By

Coronavirus Infects Stock Market: Part XLIX A new client of mine is consolidating his eight-figure fortune with Fidelity. What’s shocking is how easily he decided to leave Vanguard. “Why?” I asked him. “E.J., I haven’t heard from anyone at Vanguard in over a year,” he said. “They’re letting a quarter of a hundred million dollars walk out the door,” I thought to myself. “The front door.” That is shocking. “I’ve read your father-in-law Dick Young for over 30-years,” he said. “I miss him.” “Welcome home,” I said. When the late Vanguard founder Jack Bogle released Bogle on … [Read more...]

You Can’t Time the Market: When Hubris Fails

By

Coronavirus Infects Stock Market: Part XLVIII You can’t time the market. Don’t even try, because you just might end up being wrong. Consider commercial real estate, for example. Anyone want to buy a high rise in Manhattan? Let’s hop in our time machine and look back to 2018 when the stock market was having a rough year. The DJIA ended the year down close to six percent. Big bad pensions wanted nothing to do with stocks. They wanted the “safety,” the “reliability of,” wait for it—commercial real estate. Let’s roll the footage (WSJ article Nov. 2018): U.S. public pension funds are … [Read more...]