Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

My Recent Sailing Trip to the Vineyard

By

Hadley’s Harbor

You can only imagine the despair when impatience rules the day.

On a recent sailing trip the current in Woods Hole was dead against us. Instead of fighting the current we decided to wait for it to change in our favor. We anchored outside of Hadley’s Harbor, had lunch, went for a swim—it’s hard to imagine a more idyllic spot on the water.

We made it to Edgartown on the Vineyard later in the day. Waiting out the current ended up being a great decision.

Waiting out the recent junk bond sell-off was never an option for some retail investors. Mom and pop investors didn’t understand the risks or ignored them—selling their mutual funds and etfs to the tune of $13 billion over the last four weeks. Institutional managers have swept in to buy pieces of the wreckage.

The takeaway for you is to make sure you understand the risks in your portfolio before the tide runs against you. Nothing is more valuable than your peace of mind.

high yield

The following two tabs change content below.

E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.

Latest posts by E.J. Smith (see all)