“I like to lose money,” says nobody, but like clockwork, when there’s a mini correction, Wall Street and the speculators can’t believe it’s happening. Brokers’ and advisers’ phones light up with questions like “How are ‘we’ doing?” Family and friends ask, “What are you doing with your investments?”
Happens every time, and it’s why you need someone you trust, like Your Survival Guy, so you can say, “I have a guy, you should check him out.” Which brings me to this month’s RAGE Gauge. It’s not pretty, but what did you expect me to say? It’s a mixed bag, as more Americans express their happiness with the direction of the country. Don’t pay attention to the press. Pay attention to the great, silent majority. The ones who I speak with regularly. They understand what’s going on and appreciate that turning around the country takes time.
Which is why gold is signaling trouble. There will be pain coming off the sugar high.
My phones are not ringing off the hook. The speculators are going crazy with losses. These are the gamblers. Those who make “bets” on one sector and rely on using leverage. These are not investors. Look up the difference here.
Pay attention to the three most important letters in investing: y-o-u. I want you to have the retirement you deserve. I want you to understand your risk tolerance because it’s more often lower than you think. Your Survival Guy doesn’t like risk, and I invest accordingly. I don’t view this as “fun,” or as a hobby, or just something to do in retirement. It’s my job and has been since the mid-90s after Babson.
When you understand the importance of counterbalancing, you begin to see the wisdom in not losing money. When stocks are down, bonds are usually up. Not always, though. That’s why you need to have patience.
Action Line: You can sink your teeth into these yields. When you’re ready to talk, let’s talk. Email me at ejsmith@yoursurvivalguy.com. But only if you’re serious.
Originally posted on Your Survival Guy.
