You know Your Survival Guy’s been stuck in the fog plenty of times. That’s boating. And as I write to you this morning, it’s pea soup out there with clear skies and some wind expected soon.
When I think about the start of this year for markets, for you and other investors, it all seems too good to be true. Almost everything is working (not everything), but especially dividend payers and gold.
When I think about managing and working with clients, it’s the handful or so of times that can ruin investors, especially retirees. I can tell you, times do get tough.
Unfortunately, investors have short memories. When young bucks are telling you about the killing they’re making in options, look out for the big fall. When? Not my concern. But when it does hit, the blame game is front and center. It’s never anybody’s fault. Right?
Now, consider a balanced portfolio. Your Survival Guy is about making money and keeping money. I don’t need to hit home runs to survive. You might be surprised at how well a balanced portfolio has done in good times and how resilient it is when times change for the worse.
When investors tell me, “I expect 12% per year from my portfolio,” I say, “Good luck.” I never hear someone say, “I expect to lose less than the next guy and be able to stay in the game.”
But they should.
They should get in line with Your Survival Guy.
Action Line: Think about your portfolio mix and make sure you’re comfortable not today, but when times change. If you need a guide, email me at ejsmith@yoursurvivalguy.com. And get yourself a map by clicking here to subscribe to my free monthly Survive & Thrive letter.
P.S. Your Survival Guy wishes you and your family a Happy Fourth of July. Enjoy it!
Originally posted on Your Survival Guy.
