Coronavirus Infects Stock Market: Part XL
Just when you thought you might get your life back blue state governors continue to go wild.
Yesterday, Rhode Island Gov. Gina Raimondo said she will sign an executive order taking effect Friday, directing anyone in an indoor or outdoor “public place” to wear a cloth face covering. This includes walking your dog, by example, on public roads.
Hmmmm.
How will this be enforced?
Will mask wearing do-gooders shame me for being unmasked?
Live and let live.
There are risks in life the minute you get out of bed.
When businesses finally open, especially restaurants, let’s remember it’s a voluntary transaction. We don’t need government’s thumb in every transaction—thank you.
In Dallas, Shelley Luther, a salon owner, was recently put in jail for a week and fined $7,000 for continuing to run her business. When asked why she did it she responded honestly “I couldn’t feed my family, and my stylists couldn’t feed their families.” Luther had applied for all the loans, but hadn’t received them in time. These are voluntary transactions in America and she was jailed and fined!
Where is the common sense?
Over the past couple of months, you’ve lived through a government-induced shutdown of the economy, a stock market collapse, and now a government-managed reopening.
It may not be business as usual, which is why now is the perfect time to evaluate your risk.
Do you have gold?
Do you have bonds as a counterbalance to keep you in the game?
Remember, to be a successful long-term investor, you need to be able to handle the ups and downs.
Think back to how you felt during this and sell stocks until you’re comfortable.
Too conservative? I’m Your Survival Guy. I know how easy it is for investors to forget about the past.
P.S. I own several of the Henry Survival Rifle AR-7s.
P.P.S. A client sent me this F-18 radio silence, “ziplip”, landing. Pretty cool.
Originally posted on Your Survival Guy.
