You may be wondering, “Buy the dips?” Well, are you good with knives? Because trying to catch a bottom can be painful. And yet, that’s what seems to be happening. Ginsu investors flailing at falling knives with cuts and scrapes like Allstate’s creepy “Mayhem” guy. Bad stuff happens. Deal with it. Markets can be brutal for a long, long time. I’ve yet to speak with anyone who likes losing money. And yet investors make bets they can’t afford to live with on a regular basis. All of a sudden, they realize it was wrong. And I’m not talking about wrong for a few months. I’m talking years or a … [Read more...]
“I’ve Been with Richard Young for Over 30 Years Now”
Thought I’d share this email with you that I received from a client yesterday. Hi EJ, Thanks for your e-mail today. Thanks for all you do for your clients and our investing. I have taken your advice and been with Richard Young for over 30 years now and am very satisfied with all you have helped me with. As we know, this too shall pass. I am happy that we went conservative with my accounts a couple of years ago. You and your firm really look out for your clients and stay in touch on a regular basis! Thanks! Your Friend, Jeff Action Line: Are you getting the advice you deserve? Let … [Read more...]
All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
You and Your Survival Guy have been watching the problems with ESG funds and all-powerful money managers voting your shares for years now. Finally, someone in Washington, DC, is realizing how bad this is for America. Senator Dan Sullivan of Alaska plans to introduce legislation that will force money managers to allow investors to vote their own shares. The Wall Street Journal’s Angel Au-Yeung reports: A group of Republican senators is looking to curtail the power big asset managers like BlackRock Inc. and Vanguard Group have over public companies. In legislation to be introduced Wednesday, … [Read more...]
Young Americans Fall in Love with Farming, Again
UPDATE 5.17.22: There’s a lot to like about being self-reliant in times like these or any time for that matter. I wrote this piece for you with that in mind. Originally posted August 16, 2021. You may have noticed that every time America endures a crisis, people start getting back to the basics. Oftentimes that means farming. The Wall Street Journal's Krithika Varagur reports on a new wave of young Americans returning to the land in the wake of the pandemic and violence in the cities. She writes: More young Americans are joining the agriculture sector and changing what it means to work … [Read more...]
Your Survival Guy: “Sell in May, Buy After Labor Day?”
Thoughts from Your Survival Guy: “Sell in May, buy after Labor Day?” Not me. The volatility is what separates the good investors from the great. You don’t need to be a hero, just “Survive and Thrive.” How do you think ESG looks when the lead proponent says it’s OK to change mid-course because of the problems in Ukraine? Isn’t ESG yet another climate change money grab? If you’re stuck in mutual funds and ETFs, the mothership is voting your shares. Don’t let the “woke” vote their politics with your money. Take a look at the top ten holdings of ESG funds. You might be surprised how … [Read more...]
Is Your Financial Advisor Hiding the Truth About ESG?
Is your financial planner, advisor, wealth manager, CPA, CFA, CFP, or whatever else they slap onto their business card on the same page as you? Are you all rowing in the same direction? Have you asked them about ESG, for example? Do they ask you? Because if you don’t know, it’s probably time you do. This is no time to be politically correct when it’s your money on the line. You know where Your Survival Guy stands on ESG. I hate it. And yet, in my conversations with you, a prospective client, you told me you asked your “guy” about ESG the other day, and you didn’t get a straight answer, as … [Read more...]
CRYPTO: Has the Fire Gone Out?
In The Wall Street Journal, Peter Santilli and Corrie Driebusch write that "Last year cryptocurrencies were on fire and appeared to gain more legitimacy after years of being considered a fringe, speculative product." In the last six months, crypto has lost $1 trillion in market value. It's fair to ask, has the fire gone out? Santilli and Driebusch write: In November, bitcoin and ethereum, two of the most popular cryptocurrencies, reached all-time highs. Bitcoin’s value at 5 p.m. on Nov. 9 was $67,802.30; ethereum was worth $4,800. They are now down 58% and 60%, respectively, from those … [Read more...]
MARKET CHAOS: This May Take Time, Here’s How to Prepare
Do yourself a favor. Take a vacation (everyone else is, trust me). Turn off your phone, your computer, your TV, and take a mental break from your investments for a minute. Because in times like these, and they’re quite the times, it never ceases to amaze me how all of a sudden investors get “serious” about their money. They stay up late, study hard, and pull all-nighters trying to figure it “all” out. Come on. Are you kidding me? One of your greatest assets as a successful, long-term investor is the ability to keep your cool while others lose theirs. And as Your Survival Guy, I’m not going … [Read more...]
RAGE GAUGE: INVESTOR CARNAGE—Losing Control of Your Money
If you’re feeling like you’re losing control of your money, there may be some truth to that. Do you want your investments used as a tool to invest in other people’s political agendas? When it comes to ESG and BlackRock, for example, that’s exactly what’s happening. Through their mutual funds and ETFs, you’re part of their political crusade. But being part of their political crusade probably isn’t one of the reasons you invested with them to begin with. No offense to BlackRock, but this is about your agenda—your retirement. Why would you waste your time with mutual funds when they’re … [Read more...]
STABLECOIN DEATH SPIRAL? TerraUSD Becomes Terra0.5USD Overnight
A selloff is currently hitting cryptocurrencies, and one, in particular, is beginning to look like an emperor with no clothes. TerraUSD, a so-called "stablecoin," because of its purported peg to the dollar at 1 to 1, has lost around half its value overnight. The loss was so great, according to industry analysts, that it could even enter what's known as a "death spiral." According to The Wall Street Journal, TerraUSD uses " financial engineering to maintain its link to the dollar." Does that sound very "stable," to you? Caitlin Ostroff and Elaine Yu explain the breakdown, writing: The … [Read more...]
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