Happy Friday. What a week. Are you feeling the whiplash from the market? Look at this chart below and share it with a loved one. This is how you begin teaching the next generation how to invest. It speaks the truth to investing: TIME. The key ingredient to compounding money is TIME. Without TIME you’re blowin’ in the wind, not sure which way is up. Like a child, your investments need TIME to grow. It’s said that Albert Einstein referred to compound interest as the 8th Wonder of the World. Take it from the guy who knew a thing or two about TIME. Put time on your side. How else do … [Read more...]
Dreaming of Bitcoin in Your Stocking this Christmas Season?
You’re asking me about Bitcoin. I get it. With all the mad money created by the Fed, inflation running hot, and a supply chain rusting away, you want to know my thoughts on Bitcoin. As I’ve written to you before, I’m not buying it. Does that mean I don’t believe in the science? No, not necessarily. I just don’t need to be the first one to find out if it’s wrong. Let me explain. One of the hardest parts about investing is being human. We get excited about stuff. We don’t like to feel like we’re “missing the boat.” That eats us alive inside. It’s nearly impossible to get it out of your mind … [Read more...]
Remembrance: When A Loved One Gets Sick and Survives
Life comes at you fast. One minute you’re drinking your morning coffee, and the next, you’re in the emergency room after a major medical event. That was the basis of my conversation with a client yesterday, as he told me this weekend was a special birthday for him. He turned 51. This birthday was different than the others. Last year they were worried sick on his 50th, as he was just diagnosed with cancer. Every birthday after that will be different. I asked him how his wife Melissa was doing. “She was my rock,” he said. A few years ago, he and Melissa visited me in Newport, and they both … [Read more...]
Markets Can Be BRUTAL: Time to Get Serious
How did you feel about your investments while talkin’ turkey this Thanksgiving? Did the story about the cryptocurrency millionaires get under your skin? Did the 900-point drop in the Dow on Black Friday cause indigestion? Because these are the times to understand why you’re reacting the way you are to the events of the day. In a time when people discuss their money with the same breeziness they do the weather, it’s important to remember just how much is at stake. Don’t forget how brutal markets can be, even for investors who are “in the know.” Action Line: A trusted advisor will help … [Read more...]
CALLED OUT: Omicron Variant Panic Puts Investors in a Corner
For those of you still working off Thanksgiving dinner, you may have missed the 900-plus-point drop in the Dow Jones Industrial Average. Unfortunately, for some, the decline forced investors to sell their own shares because of margin calls. As the WSJ reports: Markets sold off worldwide on Friday after South Africa raised alarm about the new “variant of concern” that the World Health Organization named Omicron. The panic may be driven more by the fear of new government lockdowns and social distancing than by the variant itself. The Dow fell 2.5% while U.S. crude prices tumbled 13% as the … [Read more...]
GET PAID: How To Invest in Biden’s Inflationary Market
There’re few guarantees in life, but one of them is the destruction of your dollars now that Fed Chairman Powell’s been nominated for a second term. Does this mean gold’s going through the roof? We’ll see. I don’t speculate on gold, especially when there’s a liar standing over every mine telling his story. What I do like is for you to think about gold as an insurance policy where you hope you never need to use it. When gold is surging, times aren’t always great, and vice versa. Stick with me. Make sure you’re being paid to invest in this market much like you are when you own a business. … [Read more...]
Local and National News Reports: Gas Prices Are Up
Your Survival Guy received an email yesterday from National Grid, my natural gas and electricity provider. The email explained that “you may have heard on local and national news reports, natural gas prices have risen worldwide in recent months due to increased global demand and lagging natural gas production.” Really? And to boot, “Since natural gas plays a major role in generating electricity, there will also be an impact on your electric bill.” Shocker. “While National Grid can’t control this global rise in natural gas prices, we are committed to helping you manage higher energy bills.” … [Read more...]
Listen Your Survival Guy is not “Mr. Peanut”
Your Survival Guy loves the holidays. But let’s get something out of the way. Your survival food prep should not be considered “free game” for one and all. You’re not running a convenience store; you’re trying to plan for the unexpected. But that’s what it feels like sometimes, like I’m a stock boy. Case in point. Before heading out for a small family celebration on Saturday night, someone asked if “we” have any peanuts, knowing I have a stack of ‘em in the basement. “Do I look like Mr. Peanut?” I thought to myself. “I don’t have any that are easy to get to,” I said, thinking that they were … [Read more...]
Timeless Investment Advice and Venison for the Winter
In my conversations with you, you’re telling me about your bow hunting expeditions this season. Yesterday I spoke with two of you about your recent hunts, and you told me you’re good to go for the winter. The freezer’s packed with meat. I guess it should be no surprise the large number of hunters in Your Survival Guy’s network. Like fishing, sometimes getting your catch home can be like The Old Man and the Sea, where one client found himself a long way from his ATV with a Pope and Young size buck. “I’m gonna need some help here,” he thought. Luckily his buddy was there. Mission … [Read more...]
SURVIVE THANKSGIVING: Don’t Let Inflation Ruin Family and Fun
As you prep up for Thanksgiving survival, let’s see what you’re telling me. You’re reading with your children one of my favorite books we read to our children, Hatchet, celebrating its 35-year anniversary. It’s never too early to read about self-reliance, and the book makes for a wonderful gift this Christmas. For starters, you can watch the movie A Cry in the Wild, based on the book and released in 1990. The film stars child actor Jared Rushton, who you probably know better from Honey I Shrunk the Kids, and enjoys a small role played by Ned Beatty. My daughter tells me the … [Read more...]
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