Your Survival Guy's looking forward to getting out on the boat this weekend, cruising from Newport, RI, to visit family in Mattapoisett, MA. You know I advise the island life for you because it's the island life I love for me. I eat my own cooking. That being said, thank you for sticking around. I know you might be getting sick of hearing from me every single day. It's a bit much, even for me, hearing from Your Survival Guy. It's like, "OK, enough already." Here's the deal, Your Survival Guy's boating so far this summer? Zippo. It's my fault. Sure, I can blame it on the rain, but when is … [Read more...]
Archives for July 2021
Famed Investor Says Inflation Will Be Long Term
Famed investor Mohamed El-Erian, who has correctly called some of the most pivotal moments in recent market history, is saying he is very confident that current inflation will not be transitory. Bloomberg reports: What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial. “Inflation is not going to be transitory,” the chief economic adviser at Allianz SE said in an interview on Bloomberg TV’s The Open show. “I’ve been pretty certain in my mind about three prior calls. This is the fourth one.” El-Erian … [Read more...]
Your Survival Guy Living the Life with YOU
You know that when it comes to making money, my number one investment is YOU. You’re the one who’s saving money, doing less with more, and taking care of your family. You’re the one doing what it takes. But somewhere along the line, your success makes doing what you do just a little bit more difficult. Sure, you know how to make money. But now what? What you need to figure out is how to keep it, and get a little growth to keep pace with inflation. I know. Easier said than done. In my conversations with you, you’re telling me about the business environment in your neck of the woods. … [Read more...]
Crypto Trading Platform Pure Digital Gets Major Backing
BNY Mellon follows State Street in backing Pure Digital, a cryptocurrency exchange trading platform. Eva Szalay reports for the Financial Times: Two of the world’s largest custody banks have publicly backed cryptocurrency trading platform Pure Digital, in a move that points to growing demand from traditional asset managers for bitcoin and other digital tokens. Bank of New York Mellon has joined the consortium of six banks behind the launch of London-based Pure Digital, three months after State Street became the first to announce its support for the planned exchange. The step suggested … [Read more...]
Food Shortage Shutting Down Summer Camps in America
Summer camp is a rite of passage for many Americans. Day camps and stay camps care for millions of kids each summer while parents are working. But now a new problem has emerged at some camps, food shortages. Camps in New Hampshire are reporting that they can't get enough food to feed their campers and that logistical and labor at foodservice companies are forcing them to shut down camp for the summer. The Concord Monitor reports: The summer was barely getting started at Camp Quinebarge in Moultonborough when it abruptly ended. On July 2, the camp’s directors informed parents the camp … [Read more...]
“Pretty Remarkable”: Trial Results for New Cancer Drug
Novartis CEO Vas Narasimhan calls trials for the company's new cancer treatment, "pretty remarkable." The company has been working with new technologies on a treatment since 2018. Hannah Kuchler reports in the Financial Times: Novartis is hoping to cement an early lead in a potential $10bn market for a new type of cancer treatment, called novel radioligand therapy, after positive results from its trials. Vas Narasimhan, Novartis’s chief executive, said the pharmaceutical company has large-scale manufacturing capacity and relationships with hospitals, which will have to invest to adapt to … [Read more...]
The Dividend King is Actually a Tech Innovator
You know Procter & Gamble as "the Only True Dividend King." Dividends may not conjure up images of tech savvy or state-of-the-art innovation, but that's exactly what you'll find at P&G. The company uses technology to stay ahead of the competition. Some it buys, and some it develops on its own. Reuters explains the company's tech leadership, writing: CINCINNATI/TABLERS STATION, W.V., July 19 (Reuters) - Procter & Gamble Co (PG.N) may be best known for laundry detergent and toothpaste, but its secret sauce is arguably figuring out how to do things like get two red bottles of Olay … [Read more...]
Your Survival Guy: Panic? Stocks Fall 700 Points
OK, stocks go down, as witnessed by yesterday’s 700-point drop in the Dow. Does that mean it’s time to panic? Well, that depends on how you’re invested. If you’re with me, as I hope you are, you know that stock market drops are a blessing in disguise to Your Survival Guy. Because when prices are lower, I smile at the better prices I’m getting with reinvested dividends. It’s like real estate. Imagine you’re a landlord like Your Survival Guy was in his early- to mid-twenties. My multi-family in Marlborough, MA, was a cash-generating machine. Rents would come in every month. I’d pay down the … [Read more...]
KING: Breaking QE Addiction is a Four Step Process
Mervyn King, former governor of the Bank of England, says that quantitative easing, while not implicitly bad, is a "dangerous addiction," and in light of a report issued by the Economic Affairs Committee of the U.K.’s House of Lords, suggests four points for relieving that addiction. He writes in Bloomberg: The Economic Affairs Committee of the U.K.’s House of Lords, of which I’m a member, has just issued a report on the challenges of using large-scale bond purchases as an instrument of monetary policy. Its title pointedly asks: “Quantitative Easing: A Dangerous Addiction?” In a word, our … [Read more...]
Your Survival Guy’s Best Money Advice in Times Like These
Your Survival Guy’s best money advice in times like these is to get out of debt. I know, I know, how boring, especially when you’re reading about how everyone’s borrowing on margin to juice returns. But here’s the deal. Take a step back for a second and consider how valuable each and every dollar you save really is. Because when interest rates are a half of one percent, you need $200 to make a buck in interest. If you’re carrying debt then get out of it. Plain and simple. Your cash money is just too important to risk losing it. This is not a time to lever up. This is a time to escape DEBTORS’ … [Read more...]
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