Your Survival Guy wants to share a personal story with you. It’s from a client who’s finally calling it quits. Dr. Lee Payne and I have been working together for close to 20-years but when you consider his affiliation with Richard C. Young’s Intelligence Report, we’re talking more like 40-years, and many more to come. Dr. Payne remembers reading Dick’s investment letters, believing in Dick’s philosophy and putting it to work. Dick’s letter was a monthly reminder that helped Lee beat inertia. Lee invested in himself (my favorite investment) and his business, and what was left over he invested … [Read more...]
September Rage Gauge Update: High RISK ALERT
If you’re paying attention to what’s going on in Afghanistan and here at home with COVID you have reasons for concern. Let me remind you, my Rage Gauge right now is at full tilt, high RISK. Clearly those in power seek a different future than what you and I may have in mind for our families and loved ones. A future where they decide how you live your life. A great RESET is in the works. Pay attention. Now, is when you prepare accordingly not when more danger arrives at your doorstep. Your Survival Guy talks with investors like you every single day. Don’t let inertia ruin your future when you … [Read more...]
Your Survival Guy: The Rolling Stones Drummer Charlie Watts
The drumming world lost a legend with the passing of The Rolling Stones drummer Charlie Watts. In 1989, when Your Survival Guy was a senior in high school, my friend Dave and I went to see The Stones live at Sullivan Stadium. It was the Steel Wheels tour and to say it was a production is an understatement. I remember walking along the train tracks at Sullivan and seeing the army of 18-wheelers parked behind the massive stage that, as I learned yesterday, was designed by Watts along with all of the band’s album sleeves. He was quite the force. And what a force he created in that stage. … [Read more...]
Fidelity #1: GameStop and NEVER Selling You Out
As you know, Robinhood offers online traders an easy way to invest in stocks like GameStop. But did you know it makes it’s money from PFOP or payment for order flow? What PFOP means is that Robinhood sells its own customer trading data to outsiders—those more than willing to pay for it. Why you might ask? Follow the money. A hedge fund might want to know what the order flow looks like on a specific stock and bet for or against it. It’s like sitting at the poker table and they see everyone’s hand. It’s basically a legal way (I guess) to show them the money. Don’t let that be you. It’s … [Read more...]
Warning! Your Survival Guy’s on a Boil Water Advisory
Aren’t you glad you’re not me? Your Survival Guy’s in a boil water advisory. It’s not great. I’ll let you decide how a boil water advisory might run through your family. I’ll just say I live with teenagers and leave it at that. But there’s a silver lining here (and later on in this piece) so stick around and read on. Yesterday, while Your Survival Guy (YSG) was on the phone (I forget if it was with you) I got a text from home “no water pressure.” Now this isn’t something YSG can solve from his desk. But, rest assured, the despair felt by the rest of my family was going to be felt by me come … [Read more...]
Only You Know How Much Gold You Should Own
Only you know how much gold you should own. The reason why is because it doesn’t pay a dividend and it can be expensive to hold. One way to back into the right amount for you is to determine how much you can “afford” to hold in gold if it does nothing. In other words, understand that above a certin amount your plan is to give it to the next generation. When you think about it like this you immediately remove the “pressure” of “needing” it to do something for you in your lifetime. The simple approach is figuring out your other investment needs and then go after your gold component as if you … [Read more...]
Even Horrible Businesses Can Make Money at These Rates
Thanks to a bailout of the corporate bond market by the Fed that has institutionalized moral hazard (I get the reward, you take the risk), junk bond issuers are paying rates of less than 3%. Ball Corp, which is rated BB+ sold $1 billion worth of 10-year bonds at a coupon of 2.875% this week. Ball corp. isn’t a horrible business, but at rates this low, even horrible businesses can make money. The rate distortion is even more disturbing in the investment-grade market. Google, an AA-rated company, recently issued 5-year bonds at a 0.45% interest rate. What will Google, which generates … [Read more...]
Your Retirement Life: California Dreamin’ then Disaster Strikes!
Reader Inbox You can’t make this stuff up. As one client emails: E.J., I feel blessed by PG&E. They threatened to turn off power again early this morning and at this writing (1:35 PM) it is still on. The Saturday night to Monday afternoon outage wasn't exactly fun. I lost everything in my refrigerator and freezer and couldn't cook anything. I'm in a condo, so no generator is allowed. My son's community in Maine looks more inviting by the day. And another: E.J., Hope you are well. Read the "Your Survival Guy" article about the sorry state of the sorry state of California -- … [Read more...]
Merry Christmas from Young Research
Merry Christmas to you and your family—wherever you’re from—you’re never far from home. And happy birthday Jimmy Buffett. … [Read more...]
The Real Tax-Cut “Mafia Thugs”
Who will foot the tax bill in high tax states if the successful decide to pick-up and leave? With all the hand wringing by blue state politicians about this tax cut triggering "an economic civil war" or comparing Republicans to "mafia thugs" maybe they should consider creating more ways to keep successful Americans living there. The WSJ has more here: You can figure out who most needs reform by the decibels of protest. Amid other apocalyptic warnings, New York Gov. Andrew Cuomo last weekend declared that the GOP bill’s limit on the state-and-local tax deduction will trigger "an economic … [Read more...]
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