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What You’re Telling Me Matters

January 24, 2023 By E.J. Smith

By ludovikus @ Shutterstock.com

If being a successful long-term investor was easy, everyone would be doing it. Building wealth over time is hard. Saving money is hard. Sacrifice is not fun. But as Your Survival Guy, it’s my job to help you through times like these when uncertainty prevails.

Your Survival Guy knows investing can be tough when prices are down. Question: Why is it that everyone loves a sale at the store but can’t stomach one with stocks? I learned a long time ago the pain from lower stock prices far exceeds the joy of higher ones. Your key to surviving in times like these is to keep your focus on your own plan and nobody else’s.

Your investment survival is about traveling light. You don’t want to be weighed down by debt or leverage. You don’t want to feel the pressure to “do things” when the right move might be to just stand there and do nothing at all.

Originally posted on Your Survival Guy.

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E.J. Smith
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. His focus at all times is on preparing clients and readers for “Times Like These.” 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 Zildjians. He grew-up worshiping Neil Peart (RIP) 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

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