I’m not a big fan of target date funds especially in non-retirement accounts where the allocation is adjusted automatically based on your years to retirement. The stock side tends to hug the S&P 500 and the bonds have longer maturities than I’m comfortable with. In addition, the timing of the selling may not be in line with your tax situation in any given year. Last year institutional investors in Vanguard’s target date funds sold their positions when Vanguard offered them another set of funds to buy. That left retail investor holding the bag, stuck paying the tax bill on the realized … [Read more...]
What a Way to Make a Living: New Hampshire #1
When you think about what makes New Hampshire Your Survival Guy's #1 state, a good place to start is by asking: Will I be represented by my government? Will it work for me? Protect my interests? Well, with 400 state reps, one per 3,000 residents, New Hampshire is the MOST representative state in the country. That's always a great place to start. But what will keep you there? When I visit our log cabin in the White Mountains, I feel like I'm a part of the ski community in the winter and of the vacationing families in the summer. You just see families everywhere. It's nice. And if you're … [Read more...]
WARNING: Invest at Your Own Risk—How to Lose $2 Billion in 10-Years
“How to Lose $2 Billion in 10 Years: Unpaid Bills Pile Up for Former Hedge-Fund Star: Philip Falcone is in a decadelong battle with the many people he owes money. They include ex-employees, a law firm and limo companies,” explains Rachel Louise Ensign in The Wall Street Journal. You see up close how quickly things unravel and shockingly, this guy was trusted to manage investors’ money. Ensign writes: Mr. Falcone became a hedge-fund billionaire betting on the subprime mortgage crisis. Then investors pulled money from his firm, Harbinger Capital Partners LLC, after a stretch of spotty … [Read more...]
Fidelity is #1: Meet FidSafe and Raise Your Family’s Level of Preparation
UPDATE, 3.29.21: One of the best ways FidSafe can help your family is with useful estate planning document management tools. You can start out on FidSafe with their estate planning checklist, that helps you organize all your most important files the right way. There are many documents you’ll need to be fully prepared, including a last will and testament, durable power of attorney, trust documents, marriage licenses, vehicle titles, charitable wishes, deeds, and more. FidSafe helps you remember it all, keep it safe, and have it ready when needed. Originally posted on September 24, 2020. A … [Read more...]
What You’re Telling Me on Any Given Day
You’re telling me about the snow in your neck of the woods while on your afternoon walk. You’re telling me about how you’re setting up to sell your business. And you’re telling me how you’ve read Richard C. Young’s Intelligence Report for years, and you’re ready to become a client. After one of my conversations with you, you emailed me and said, "It just came to me that during our conversation we did not speak a word about our investments. Nothing about stocks or fixed income. That tells me something.“ Once you get your financial situation on terra firma, it opens the world up in a way … [Read more...]
Smith Family Robinson in Live Free or Die, NH
Where should you live today? If you’ve taken an online survey, you might find yourself a perfect fit in any small town, USA. Combine this with your politics and you might find yourself living in 1776 or not far from Plymouth Rock with the pilgrims. Well that’s not gonna happen. So now what? Are you familiar with the Swiss Way? Or the Swiss Family Robinson? It’s a lifestyle. For me? I spend time at my log cabin in Live Free or Die, NH and coastal Newport, RI. We broke ground in NH for the winter skiing, but as the saying goes out west: “Visit for the winters, stay for the summers.” There’s … [Read more...]
Dick Young’s Safe America: Chapter 1, Part I
Debbie and I are neither members of any political party nor contribute to any PAC. Our research interest is policy rather than politics. Our methodology, for over four decades, has centered on inference reading and anecdotal evidence gathering. Originally posted on Young's World Money Forecast. … [Read more...]
February RAGE Gauge: Americans Focusing on What’s In Front of Them
You think Americans are feeling elevated risk? You wouldn't know it by looking at the stock market. But how are you doing on a local level? Are you taking small steps every day to secure your situation? You don’t have to change your world in a day. Focus on what's right in front of you. That's what's most important. Here are some thoughts looking out at my backyard: Are you seeing local prices higher or lower? Here, the price for food at the grocery store is up, while remaining pretty steady at restaurants. What isn't going up is the yield you're earning on the S&P 500. Yields are … [Read more...]
Don’t Be on Their Radar, Get Out of Debt Now
If they’re going to penalize you for saving, you had better learn how to play their game. Because indebted Americans are their bread and butter. Charging outrageous interest rates on credit card debt and paying zero on savings is one of the ways they stick it to you. And imagine all the information they have on you. It’s scary to say the least. That’s why I want you to stop playing their game. If you’re in debt, I want you to devise a plan to get out of it. Whether it’s a six-month, one-year, five-year, or ten-year plan, I want you out of debt. Because when the world can change literally … [Read more...]
You Can Be a F.I.R.E. Starter
I want you to visit my series on FIRE, Financial Independence, Retire Early, here: Living Your Best Life: FIRE!: Are you familiar with the FIRE movement? You should be, and you will be shortly. And I’m not talking about a fire where, for example, a tree falls in your backyard onto power lines, ripping them down along with a transformer and nearly burning down your house on a quiet afternoon in Newport, RI. “Dad, You’re Stressing Me Out” FIRE! (Part II): Living a lifestyle where you spend 50% less than your “normal” spending doesn’t sound like much fun. But that’s exactly what many … [Read more...]
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