Your Survival Guy’s RAGE Gauge is in, and two metrics stand out above all others: a BIG uptick in handgun sales compared to this time last year and GOLD at record highs. You can draw your own conclusions. I can tell you I own plenty of both. But first, get your training. I’ve spent days at Sig Sauer Academy in Epping, New Hampshire. And don’t be a speculator.
In my conversations with you, we talk about crafting portfolios to meet your risk tolerance and comfort level. Your Survival Guy has guided many of you through some brutal markets this century. Don’t be the investor who realizes too late that his risk tolerance is, in fact, an intolerance, like a food allergy.
Last night, Your Survival Guy met up with long-time clients of mine (close to 25 years) who have been retired for just over a decade. They are living the retirement life they dreamed about. Their friends wonder how they do it. I can tell you exactly how. They saved ‘til it hurt, and they’re living within their means. They have a well-balanced and diversified portfolio that has provided them with the ability to be patient in tough markets.
Where are markets headed? Good question. I don’t like the prediction business. Your retirement life should not be spent pretending to be the weatherman, predicting what tomorrow will look like, and the next day, and the next. That’s no way to live. When your money problems are not a problem, you don’t have a lot of the worries that keep others up at night.
Action Line: When you’re ready to talk, let’s talk. I want to help you. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.