You hear your phone ring, and see an unfamiliar number calling. It's someone from your area code, but no one you recognize. Despite your gut feeling telling you to ignore the call, you pick up thinking maybe it's an acquaintance or colleague you haven't added to your contact list. You answer and are instantly barraged with a recorded message informing you that to receive your stimulus check you must hand over all your personal information right then and there. Unfortunately, that's the scenario playing out across America today, and even though most people recognize the scame, some … [Read more...]
Your Retirement Life: The Importance of Our Getaway Cars
When you want to get away from it all; a client reminds me of the importance of our getaway cars, as shown recently in the Grand Tetons. Originally posted on Your Survival Guy. … [Read more...]
Investing After the Coronavirus
Coronavirus Infects Stock Market: Part XXIX Imagine falling 200 feet while descending Mount Washington, slamming into a pile of rocks that prevents you from going over the edge—and needing a rescue. That’s the scary scenario one hiker found herself in recently. “It was these rocks that ultimately saved her from plunging into the ravine, a fall that would have likely proved fatal,” said Fish and Game Lt. Mark Ober Jr. in a statement. “Her companion was able to descend to her position, place a call for help and keep her warm with a space blanket until rescuers arrived.” The hikers were … [Read more...]
Coronavirus Could Reshape America’s Logistical System Forever
You never know what you're really made of until you're tested. Coronavirus has tested every facet of the American logistical system. With millions of Americans at home, doing their best to avoid going out by ordering online, the e-commerce infrastructure of America has been pushed to its limits. With all that pushing, some things have bent, and few have even broken. Major e-commerce businesses and brick and mortar companies with large logistical operations are looking at how to improve for the future. Part of that improvement, reports Paul Page in the WSJ's Logistics Report is the … [Read more...]
“Remember, Never Touch Downed Wires & Report them Immediately”
Coronavirus Infects Stock Market: Part XXVIII You know life changes quickly in times like these. One minute you’re enjoying the quarant-time (my daughter’s word) and the next it’s 2:30 in the morning and you’re thinking about patio furniture—I was at least. We’re expecting hurricane-force winds today (perhaps not technically the 75mph hurricane-force threshold, but 72mph is close enough). Before bed, National Grid (the regional power company here) texted warnings, “Remember, never touch downed wires & report them immediately to 1.800.465.1212.” Sleep tight! Is the patio furniture … [Read more...]
Coronavirus is a Wake Up Call for the Irresponsible, Here’s How to Regain Control
Coronavirus Infects Stock Market: Part XXVII You’ve told some heroic stories about your loved ones on the front lines and your children who are doctors and nurses working 19-20 hours days. Some of you who work in hospitals now are telling me it’s a war zone, especially those of you in New York. Thank you. As the number of Americans losing the battle is peaking, I think all of us are thankful for the good that we have in our lives. As I wrote to you yesterday, it is shocking how this virus has ruined the finances of those that should have been better prepared. How a large group of … [Read more...]
What My RAGE Gauge™ is Telling You
Coronavirus Infects Stock Market: Part XXVI Before you dig into my latest RAGE Gauge™, let’s spend a few minutes defining the coronavirus pandemic: It has been way harder for some than it needed to be. I’m not talking about the poor. I’m not talking about those who are living paycheck to paycheck, either. Unfortunately, for a large swath of Americans, a $1,000 shock to monthly income is devastating. That may never change. The group I’m talking about is, perhaps, the fifth of you who have savings: the wealthy, the upper-middle class, the middle-class, the doctors and lawyers … [Read more...]
Media’s Fear and Loathing in Las Vegas
Coronavirus Infects Stock Market: Part XXV If you have watched President Trump’s press conferences, especially last Saturday night, you’ve seen him hit it out of the park like a modern-day Babe Ruth. He’s leading from the front. He’s in control. He defers to experts and has an A-1 lieutenant in VP Pence. Turn your eyes to the cesspool media and their negative questions and all you get are “what have you done for me lately?” questions. It’s as if they’re not even there, straight out of Hunter Thompson’s Fear and Loathing in Las Vegas. In a time of America’s governor-inflated crisis, the … [Read more...]
Protect Your Business: NYPD Reports 75% Increase in Business Burglaries
Small-business owners prepare for slow months, seasonal slumps, and staffing interruptions. They even spend time planning for natural disasters, cash flow shortages, and changes in government regulations. But one of the last things most businesses are ever thinking about is being looted in times of social turbulence. That is, unfortunately, what is happening today to an increasing number of New York City businesses. The NYPD has reported a 75% increase in burglaries of businesses since March 12. Ben Chapman and Keiko Morris report for The Wall Street Journal: The increase in burglaries … [Read more...]
Investing Takes Faith
Coronavirus Infects Stock Market: Part XXIV Once again, you’ve been telling me all week how much you miss Richard C. Young’s Intelligence Report. That’s OK. I’m used to it especially in times like these. But don’t despair. If you’ve followed Dick’s advice, through thick and thin, you’re in the catbird seat today, because one of his most enduring messages has always been to be a prudent investor and to know thyself. To know thy risk tolerance like you know your family. (Sorry about the sheltering in place!). It takes faith to invest. It takes a little push forward to get you out of … [Read more...]
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