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Investment Research Since 1978

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An 80% Decline in Value in Just 4-Years

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You know why. The writing’s been on the wall for years. You and I think about this stuff all the time. The blue blob cities are a wreck. What a shame this is what San Francisco has turned into. The WSJ reports: Before the pandemic, San Francisco’s California Street was home to some of the world’s most valuable commercial real estate. The corridor runs through the heart of the city’s financial district and is lined with offices for banks and other companies that help fuel the global tech economy. One building, a 22-story glass and stone tower at 350 California Street, was worth around $300 … [Read more...]

10 Qualities of Fairly Wealthy, Highly Successful People

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Here’s Your Survival Guy’s list of ten qualities of fairly wealthy, highly successful people: They’re millionaires. They put family first. They live within their means. They’re not flashy. They’ve got enough money to last them for the rest of their lives as long as they’re careful and don’t lose it. They know when to take advice. They know when they need advice. They don’t like Mr. Know-it-All. They don’t trust experts. Trust is earned. You can’t put a price tag on it. Actually, you can. It’s under a percentage point per year to work with Your Survival Guy. They’re … [Read more...]

Economy Stayed Strong in the First Quarter

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US economic growth came in at a 1.1% annual rate in the first quarter with consumer spending increasing at a 3.7% annual rate. The headline number doesn't tell the whole story though. Inventory liquidation subtracted significantly from the headline number. Excluding inventory liquidation, GDP would have come in at a 3.4% annual rate. Based on the initial GDP data, the long-anticipated recession hasn't started yet, though it is true that certain sectors of the economy are contracting. The recession so many investors are expecting didn’t come in the first quarter. It might not come in the … [Read more...]

YSG’s Latest Quick Top 10 Checklist for You

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Your Survival Guy’s quick top 10 checklist for you today: Follow the #1 habit of highly successful people. Save ‘til it hurts. When you’re a saver, you solve a lot of life’s problems. Savers know what it’s like to do without. They’re disciplined. They’re thoughtful. They levitate to a more peaceful way of life. A better existence. They’re not needy or superficial. Don’t be needy. Save a third, spend a third, pay taxes with a third. Use your tax refund to visit Your Survival Guy. You’ll love Newport, RI. Investing is a different skill than saving. Invest with someone you trust. … [Read more...]

Blank Check Company Boom Goes Bust

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The Boom in blank check companies has turned into a bust. According to the WSJ, many blank check firms or SPACs, are down more 90% or more from their IPO price. The SPAC boom took hundreds of risky companies to the stock market. The next stop for many is bankruptcy court. Dozens of companies that merged with SPACs are running out of cash, joining at least 12 that have already gone bankrupt after combining with special-purpose acquisition companies. More than 100 companies, including electric-scooter firm Bird Global Inc., smart-sock baby-monitor maker Owlet Inc., and electric-car … [Read more...]

Economic Slow Down, Where to Park Your Money

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There’s no doubt the economy is slowing down. Diesel prices are half of what they were from last year’s record. The question is will the Fed have the conviction to keep rates at a reasonable level. Savers have been penalized for a generation and deserve a return on their money. My favored Fidelity Treasury Money Markets, yielding about 4.5% today, is a great place to park it. From the WSJ: A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow. Wholesale diesel recently … [Read more...]

Know Thyself Highly Successful, Fairly Wealthy People

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If you’ve followed my number one habit of highly successful people, saving money, then chances are you’re fairly wealthy. You put time on your side, and you compounded money. Explaining how you did it is hard. You just did. You put water in your Cheerios. You saved ‘til it hurt. Now you’ve got a pile of money, and the stakes are high. You don’t have the time you did when you were younger. You can’t do it all over again. When we look back in time, we tend to put today’s self into that younger person. Our mind plays tricks on us. That person, with all of today’s wisdom, didn’t exist. We tend … [Read more...]

Tesla Model Y Now Cheaper than Average U.S. Vehicle

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Tesla has slashed prices on its Model Y over the last year with the latest cuts being announced this week. The lowest trim level Model Y is now cheaper than the average U.S. vehicle. While the difference is only marginal, if Tesla and other auto manufacturers can drive the cost of EVs significantly below the cost of internal combustion engine (ICE) vehicles, adoption may accelerate. Today's EVs are still an inferior product in the eyes of many consumers and the price hasn't reflected that. If that calculus changes significantly, so may perception and demand. Bloomberg reports on the price … [Read more...]

Fixed Income: Adults Don’t Belong in the Kiddie Pool

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If you’re fairly wealthy, then chances are you have a pile of money you can’t afford to lose. If you’re familiar with Richard C. Young’s Intelligence Report, you know the road to riches is to keep what you make—to focus on the return of assets. You’re familiar with the yeoman’s work Dick Young provided you with each month, including his recommended stocks on his Monster Master List, select preferred stocks, and zero-coupon bond recommendations, to name a few. Today we’re seeing opportunities in fixed income not seen in a generation. For how long this opportunity lasts is anyone’s guess. … [Read more...]

World’s Largest Food Company Raises Prices 10%

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Nestle, the world's largest food company, raised prices nearly 10% in the first quarter with only minimal loss in volume. Nestlé raised prices at close to the fastest pace in more than three decades last quarter but sacrificed only a modest slice of its sales volume, as consumers proved willing to pay more for its packaged food and drinks. Results on Tuesday from the world’s biggest food company, whose products include Aero chocolate bars, Perrier sparkling water and Nespresso coffee, showed that it pushed prices up by an average of almost 10 per cent in the first three months of the … [Read more...]