Are you losing your sense of place in America? Specifically, are you in touch with how you’re investing and not simply on autopilot? Because what we’re seeing with firms like BlackRock, State Street, and Vanguard (collectively managing $23 trillion), is their views are being voted with other people’s money. You, the investor, are the one with some skin in the game. Shouldn’t you be heard and not looked upon as a tool for their politics? I think so. When it comes to index investing, which used to be a passive endeavor, it’s a long way from where it started. Even the Total Stock Market Index … [Read more...]
Holiday Gatherings Are Tough on The Prudent Man
Holiday gatherings are tough on The Prudent Man. Because while everyone is happy to tell you how well they’re doing in the stock market, it’s The Prudent Man who knows how fleeting temporary gains can be. The Prudent Man knows his course, his path. He’s not quiet about it. Hardly. He locks eyes with the storyteller, knowing the final chapter’s end before it’s written. Yes, The Prudent Man tells his listeners the way he sees it—his vision—understanding that most investors won’t be able to handle his path. Temptation in markets, especially ones moving higher, is too much for lay investors to … [Read more...]
Survive and Thrive March 2024: How You Livin’? Crossing on the Queen Mary 2
Dear Survivor, As my nephew asked me the other day, home from college and all the stuff one learns: “Uncle E, how you livin’?” “How I’m livin’?” I thought to myself. I haven’t thought about it. But it gets right to the point, doesn’t it? Which brings me to my conversations with you. I know how you’re livin’—quite well—because you tell me. Here’s what you’re doing. Fly fishing the Keys, catching some rays in St. Somewhere, hitting the powder out West, spending plenty of time relaxing on the beach, paying exorbitant prices for boat drinks, building houses and dreams, planning more … [Read more...]
Happy Easter: Enjoy the Sweet, Parisian, Macaron
Now owned by billionaire Stephane Courbit’s LOV group, Ladurée is celebrating its 162-year anniversary, and as I wrote to you back in 2019, that’s a lot of history. Standing on the steps of the Madeleine church in the 8th arrondissement, looking down Rue Royale, you can see the Place de la Concorde. Where Rue Royale meets Rue du Faubourg Saint Honore, across the street from Gucci, you’ll see the mint green awnings of maison Ladurée, home to the macaron (pronounced mah-kuh-ron)—meringue like cookies, the color of Easter eggs, sandwiched with an emulsified filling. Groupe Holder is the … [Read more...]
Happy Easter: A Family Hunt for Dow 80,000
As you prepare for the quarter’s end, let’s reflect on where we’ve been. As the Dow Jones Industrial Average temporarily crossed 40,000 were you reminded of how far we’ve come? Because in my conversations with you, you tell me you remember when it was Dow 10,000, 6,000, or lower. The older we get, the higher the Dow goes, the more astonishing its new highs become. I know this isn’t your father’s or your grandfather’s stock market. But it can feel like it. What has been true at different stages for them might be true for you: Stocks tend to go up, but not on your schedule. Who doesn’t … [Read more...]
Key West Insider’s Guide: UVA Wine Shoppe
I hope you’re looking forward to being with family and friends this Easter. If you’re in Key West, stop by and see our friend Mark Gambuzza at UVA Wine Shoppe. Originally posted on December 28, 2023. Your Survival Guy wants you to get away from it all this winter. A tropical break, if you will, to my home away from home, Key West. You can read my insider’s guide here, and I’ll have plenty of updates along the way. Having spent a couple of weeks in Key West over Thanksgiving, we had ample time to stop in and visit our friend Mark Gambuzza at his wine shop, UVA Wine Shoppe, located on … [Read more...]
Investors Are Fat, Dumb, and Stupid
Let’s imagine it’s 1999. You’re about to retire. You had a good career. And like anyone else invested in stocks, you’ve had a good run. Then, some time goes by, you’re on a European riverboat cruise, and boom, the tech bust hits. That was the exact moment many investors realized their risk tolerance was, in fact, intolerance. Like a food allergy. But it was too late. In my conversations with some investors—not you, of course—expectations today are still through the roof. That’s what a bull market will do. And as you know, the common refrain is “I want preservation of principal and growth.” … [Read more...]
How Your Survival Guy Invests in AI and Cryptocurrencies
There will be winners and losers in AI and cryptocurrencies, which is why Your Survival Guy likes utilities. Utilities have been steady dividend payers for years. Why not invest in areas that AI and crypto will depend upon? Katherine Blunt and Jennifer Hiller report in The Wall Street Journal that the main focus of the annual CERAWeek by S&P Global conference in Houston this year was finding enough energy to power AI. They write: Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the … [Read more...]
YOUR RETIREMENT: Time Isn’t Necessarily on Your Side
In my conversations with you, you tell me how you made your money. You saved ‘til it hurt, had the kitchen table talks, put water in your Cheerios, in some cases lost it all, then made it back and then some. Each story is different, yet as the saying goes, happy families are the same. You all, at some point, got serious about being providers and didn’t rely on someone else because guess what? They never show up. Believe me when I tell you this: There’s a lot of money out there. I’m not talking about the billionaires; I’m talking about the Main Street millionaires. Family first Americans who … [Read more...]
How You Livin’? Crossing on the Queen Mary 2
Happy Friday. As my nephew asked me the other day, home from college and all the stuff one learns: “Uncle E, how you livin’?” “How I’m livin’?” I thought to myself. I haven’t thought about it. But it gets right to the point, doesn’t it? Which brings me to my conversations with you. I know how you’re livin’—quite well—because you tell me. Here’s what you’re doing. Fly fishing the Keys, catching some rays in St. Somewhere, hitting the powder out West, spending plenty of time relaxing on the beach, paying exorbitant prices for boat drinks, building houses and dreams, planning more trips, … [Read more...]
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