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Investing for Your Survival, Not Mr. Market’s

August 8, 2023 By E.J. Smith

By ESB Professional @ Shutterstock.com

You are my hero. Not Mr. Market. You invested or saved your first dollar for no other reason than survival—self-protection. I know this because I’m Your Survival Guy. You tell me your stories, and I listen. Rare is the occasion where you went from rags to riches by trading stocks. No, you worked for it.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Your story is one where your back was against the wall, and you needed to survive. You wanted a better life. You needed to raise your family. The part where you thrived came later, often much later. You appreciate what you have now because you know how hard it was to get. “I don’t want to do that again,” you think.

You realize the pain and suffering it took to get to where you are might not be repeatable. You don’t want to start over. And thinking about “investing”—doubling or even tripling your money—fills the mind. On whose dime? Mr. Market doesn’t care about dreams.

When an individual makes enough money—where survival is no longer an issue, the pressure is off. The birds are singing, and the flowers smell nice. And the thinking about money shifts. It’s no longer about survival, it’s about how much easier “my” life could be if… and hope fills the air. But Mr. Market isn’t concerned about your hopes or with making your dreams come true. He’s just Mr. Market.

Action Line: Understanding your way to wealth and keeping it are two different matters. Survive and Thrive with my monthly letter, and when you’re ready to talk, let’s talk.

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 (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

Click here to sign up for my free monthly Survive & Thrive letter.
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