You have spoken and I have listened. Here’s what you told me: How much you miss Richard C. Young’s Intelligence Report, especially if you’re not a client. I’m not saying that to rub anything in, this is not the reason for writing this. I just want you to know that you’re not alone and your words are not forgotten. This is my message to you today from one client: “E.J., times like these are why I’m with you guys. I’m good. Thanks for the call.” Originally posted on Your Survival Guy. … [Read more...]
Coronavirus Infects Stock Market: Part XVIII
Before you hear about my conversations with successful Americans like yourself, let's take a quick step back and look at where the market has been over the last 20-years and consider that if you're receiving dividends they help you dollar cost average through thick and thin. Every day during this crisis, I'm hearing about what you're doing to survive and thrive, and thanks to you, I've gained some valuable on the ground intelligence. Here's an email I received after a relaxed morning call with a client who is certainly prepared to live off the grid: One thing I didn't mention... It … [Read more...]
Coronavirus Infects Stock Market: Part XVII
“Don’t let the cure be worse than the problem,” a thoughtful, and weary President Trump explained last night to America in a tone that was right on the money for the situation at hand. President Trump explained how we all need to do our part and that America was not built to be shut down and out of business. We need to flatten this curve and be open for business (my emphasis) because that’s what America does best. Let’s lead by example. Now that America is in day nine of self-isolation we’ve learned quite a bit about our politicians and how many are looking at this as an … [Read more...]
RIP Kenny Rogers
Long-time friend Bob Morrison wrote the Grammy-winning Kenny Rogers song “You Decorated My Life.” He was ASCAP’s Country Songwriter of the Year in 1978, 1980, 1981, and 1982, and inducted into the Nashville Songwriters Hall of Fame in 2016. Here’s an email exchange on the passing of Kenny Rogers. EJ It was great to hear from you. I hope you and yours are doing ok under the circumstances. Kenny was a genius at changing with the times musically. He had a very long career. Longer than most. And living 81 years with the wear and tear of the music business and the road is pretty damn good. I’m … [Read more...]
Coronavirus Infects Stock Market: Part XVI
When it feels like things are changing by the hour, a week feels like a year, and three weeks a lifetime. That’s how I feel this morning as I write to you from Newport, having scrambled home Monday, cutting short our ski vacation in Telluride, CO. Last Friday, at this time, we were waking up to a few inches of wet snow and windy conditions. We skied in what felt like a snow globe being shaken madly by a five-year-old. Visibility was nil. It snowed most of the night, and on Saturday (the mountain having been resurfaced with seven inches of light powder) we cut fresh tracks all morning … [Read more...]
Coronavirus Infects Stock Market: Part XV
You’ll recall it wasn’t too long ago that investing legends Warren Buffett, Jack Bogle, and my father in law Dick Young were calling for a prolonged period of reduced returns. Not only for the stock market but for bonds, as Dick Young’s North Star was scraping the bottom of the charts as if it had fallen out of the sky. At the time, Dick Young wasn’t predicting a pandemic like the coronavirus, he was simply studying what was in front of him just like he does today, and concluding that it looked pretty darn ugly. You see, when the risk-free rate of return costs you money (after … [Read more...]
Coronavirus: The Safety of America’s Food Supply Chain
Coronavirus has sparked what may be a new phenomenon in history, global panic-buying at grocery stores. Panic buying is nothing new, of course, but seeing it happen in so many countries at once is certainly rare, if not new. The world's supply chains are more intertwined than they have ever been. With a shock to the global system, many Americans might be wondering if their food supplies will be reliable. Representatives of America's food industries are confident in the supply chain today. On the East Coast, The New York Times reports: “There is food being produced. There is food in … [Read more...]
Protect Yourself from Coronavirus Scams
Your personal financial security is a top priority for Your Survival Guy. Every time a major disaster or emergency occurs, financial fraudsters kick into high gear. They attempt to take advantage of the panic and confusion by conning you out of your hard-earned savings. The COVID-19 coronavirus outbreak is no different. Here's some information you should keep in mind as the days go by. From the Federal Trade Commission (FTC): The FTC and FDA have jointly issued warning letters to seven sellers of unapproved and misbranded products, claiming they can treat or prevent the Coronavirus. The … [Read more...]
The First Big Test for Crypto-Currency Isn’t Going Well
In the face of their first big test since popularization, crypto-currencies are not faring well. Jemima Kelly reports of bitcoin for FT's Alphaville (abridged): For a brief moment there, it really did feel like the good old days. Bitcoin shot up from about $5,200 to about $5,900 just after the Fed’s announcement. This was the beginning of something special, wasn’t it?! Alas, no. This bouncing cat, it turned out, was lifeless. For those fleeting moments after the Fed announcement bitcoin could thrive; could be free; could resume on its slow but unstoppable trajectory toward the moon. But … [Read more...]
Coronavirus Infects Stock Market: Part XIV
Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told CBS News' Norah O'Donnell that life may not get back to normal for up to two months. Two months is a long time. Here's a bit of the back and forth between O'Donnell and Fauci: O'DONNELL: We know the symptoms of COVID-19 are dry cough, fever and shortness of breath. If someone has those symptoms, should they go to the emergency room? FAUCI: No, thank you for the question. They should stay home, call the health care provider, call their physician or even call the emergency room and say, these … [Read more...]
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