There’s nothing wrong with incremental growth. It keeps you focused day in and day out so you don’t lose sight of the prize. With that said, let’s focus on what you can do today. Look, I’m Your Survival Guy, not Robert Frost—I don’t need to take the road less traveled when the one before me is smooth and well-maintained. I don’t need to be a hero when I’m simply going for a walk—one step in front of the other. I like the routine. Your kids and grandkids might, too, if you get them on the road to wealth early in life. Leave the adventure stuff to other areas of life—my money is on the slow … [Read more...]
You Realized This Long Ago About Your Work
In my conversation with you, you prove to me that a life built upon incremental growth is one worth living. Let’s see, in just the last year you’ve finished your barn, tucked away your vintage Jag you’ll be rebuilding, got your brother’s island house in Maine off the grid, fixed some islanders’ tractors and trucks, fixed your brother’s boat, and are finishing up a rebuild for your RV Sprinter. That’s a lot. “I didn’t do it alone,” you said. “My brother and I have been living this way our whole lives.” The school of “Necessity” graduates geniuses every year. “It’s all about incremental … [Read more...]
Your Survival Guy: Monsieur Get Your Money Cookin’
Is history a reliable guide? Let me tell you a story. On our research trip to Paris, we spent time on the left bank staying at Hotel & Spa D’Aubusson. At the morning buffet, it could have been easy to go for the morning pastries but using a bit (I said a bit) of self-control, I opted for the soft-boiled egg. Simple. Easy. The following week in Beaune, I did the same, but when I hit the shell, raw egg oozed all over my hands and onto the table. A fellow guest did the same, and later we learned you need to cook the eggs yourself. “The hot water is right there sir,” I was startled to … [Read more...]
UNCERTAINTY AHEAD: Traders Turn to Short-term Contracts
Bloomberg's Lu Wang reports that traders are turning to short-term contracts in an attempt to profit despite long-term uncertainty created by inflation and the Fed, writing: It happens in a flash: The S&P 500 turns on a dime, and piranha-like options traders pile into short-dated contracts in a dash to harvest a quick advantage. Tuesday reprised a pattern that has been visible for months. As the S&P 500 reversed a 1% gain in a violent session right before the Federal Reserve meeting, the turbulence fed a trading frenzy in options that expire within the next 24 hours. Such contracts … [Read more...]
Gale Warning During Newport’s Concours and Motor Week
Happy Monday from Your Survival Guy. What a weekend. Weather-wise a rainout, which is a shame because it was Newport’s Concours & Motor Week—celebrating the history of sportsmanship and motoring. Your Retirement Life: The New Mustang Arrives Here was the forecast Sunday morning: “Gale Warning in Effect through Monday Morning, at 7:02am EDT Sunday Oct. 2, 2022. Northeast winds 25 to 30 knots with gust up to 40 knots, seas 6 to 9 feet, a chance of showers, mainly this morning.” Trying to Reason with Hurricane Season Not exactly the weather you want to showcase your … [Read more...]
What You Start to See Is a Death Spiral
Your Survival Guy is never surprised about these headlines during troubled markets. Here’s a beauty from yesterday in the WSJ, “Pension Strategy Left Funds Vulnerable to Rate Increases.” Apparently, pension managers were using leverage and collateral to hedge against rate increases, but when the collateral loses value, margin calls come a-knockin'. And like clockwork, when bad stuff happens, it always seems to be a surprise. State Pension Funds Brace for Private Equity Losses From the WSJ: Pension funds adopted the so-called liability-driven investment strategy, or LDI, to address … [Read more...]
The Highest Yielding Dow Stocks
For investors looking for high-yielding dividend stocks to buy, the highest dividend payers in the Dow Jones Industrial Average (DJIA) is a common starting point. Below is a list of the 10 highest yielding Dow stocks. Today, the average yield of the 10 highest-yielding Dow Jones Industrial Averages stocks is 4.94%. You can see their individual yields in the table below. Click the company name for more information on each stock. To view the entire list of Dow stocks ranked by yield, click here. Highest Yielding Dow Jones Industrial Average Stocks Company … [Read more...]
Get Off the Investment Roller Coaster: Have a Plan
You know emotions can wreak havoc on investors. Feeling good or bad about investments shouldn’t be a month-to-month roller coaster. But in my conversations with you, I know you’re reading that the so-called experts are calling for more doom and gloom. They’ve been making this call for years now. Even a broken clock is right—you know the phrase. Prices Are Like Adult Kids: You Don’t Have Much Control Over Them Look, I’m Your Survival Guy, not a meteorologist. Bad stuff happens. Predicting when and where is almost impossible. How bad it really will be is subjective. Sure, there are … [Read more...]
Trying to Reason with Hurricane Season
“Do you see the waves crashing over that rock dead ahead?” my dad said loud enough for me to hear over the 25-knot winds and 7-foot waves crashing over our bow. “Yes, got it,” I said. “We’re good on this heading. We can round that red can up about a quarter mile ahead.” “It’s at one O’clock,” he said. “I’ve got eyes on it.” That’s where Your Survival Guy and his dad were on Sunday delivering the boat from Mattapoisett back to Newport. There was a small craft advisory that felt like it could have been for large craft. Our trip started out in calm waters, like many do, as we motored … [Read more...]
God Save the Queen: To Do Nothing Is the Hardest Job of All
Last night, Becky and I watched episode four, season 1 of The Crown on Netflix as we honor the passing of Queen Elizabeth II. During the episode, a blanket of fog covers the streets of London, overwhelming hospital beds with residents gasping for air. Prime Minister Winston Churchill is under immense pressure to “do something,” but he holds firm with his belief that the fog is an act of nature, and an act of God, and that it will lift. Your Survival Guy: Long Live Queen Elizabeth II When Churchill’s young secretary is fatally struck by a bus, he arrives at a busy hospital where someone … [Read more...]
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