“Well, writing to you now, five decades later, from our outside kitchen/living space in the heart of Old Town, Key West, I can’t help but think how much water has gone under the bridge through the many decades,” wrote Dick Young to you in the June 2017 issue of Richard C. Young’s Intelligence Report. “But if you have been with me over the years, you are keenly aware that it is indeed the combination of dividends, compound interest, perspective and patience that frames the message I deliver to you month after month. I do not change course. You can count on it.” Dick Continues: My Decades … [Read more...]

Are you falling for the oldest trick in the book? Here’s how it reads. Managers today draw you in with low-cost index funds and past performance—not necessarily in that order. Then, once you’re in the door, they sell you on other stuff, like toxic variable annuities, until you’re blue in the face. It’s hard not to fall for the sales pitch. I get it. Here’s what happens. It’s Sunday morning. You don’t have a care in the world. Frank Sinatra is playing in the background. Life is good. Then you peel open the quarterly funds report in the Journal and look at the performance like a box score … [Read more...]

As the market fell by 900 points midday yesterday, here’s what you and I were talking about: You called to let me know your son and daughter-in-law are interested in becoming clients, and to expect a call. That call came within the hour. We’re setting up the accounts. You were working on new account paperwork, but you had a question about the transfer process and were emailing me a quick question, then it was off to golf. You emailed me income projections on a spreadsheet for us to review in our next call. You are sending me an account statement to transfer your 403b, and then … [Read more...]