Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

You’ve Read The Last Issue of Intelligence Report, Now What?

October 14, 2019 By E.J. Smith

UPDATE: It’s been two years now since the last issue of Richard C. Young’s Intelligence Report, and the more things change, the more they stay the same. The Fed just announced it will begin buying $60 billion a month in T-bills. And the cycle continues. 

“I’m going to miss hearing from Dick Young every month,” said one long-time reader of Intelligence Report, “I’ve been reading his letter for 25 years. He was the best hands-down. He always wrote to me the way he saw things.” That’s a common refrain I’ve been hearing over the last couple of weeks. In an industry littered with opinions, you could always depend on the integrity of Dick Young and Intelligence Report.

Since 1998, when I first started working with Dick and Matt Young, prospective clients have been saying: They trust Mr. Young, they’ve followed his advice for years, and now that they’re older they can’t afford to make a mistake.

That’s a powerful emotion when it comes to investing: You can’t afford to make a mistake.

It’s an emotional time when you stop earning money and have more than you’ve ever had in your life.

But keeping too much of your hard earned money “safe” means you and your money are in retirement mode. You can’t afford that either. It’s a brutal task managing money today, thanks to the low interest rate environment that has inflated stock prices. Or, I should say, it’s a brutal task to realize that future returns are likely to be well below expectations.

You need to have an “expectation reality check,” because things are moving fast. What do you invest in when high stock prices make you queasy and yet stocks are used as currency? Take a look at yesterday’s news, for example: United Technologies Corp. in talks to buy Rockwell Collings, Inc.

Today, the big fish are gobbling up the smaller one’s and who’s complaining? Not Rockwell’s shareholders. The stock closed at $130, up 155% from a year ago.

The environment we’re dealing with today has been manufactured. Not by workers in the mid-west busy building the things America needs, but by the so-called geniuses at the Fed. They’ve engineered low interest rates that have helped boost real estate valuations for some, especially private equity investors, but has also ignited the stock market.

Low interest rates have been the invisible tax (actually quite visible on monthly statements). And adding insult to injury, the Fed buying up bonds for its own balance sheet has left income investors searching for yield in far away places rather than the historical safe harbor of full-faith Treasuries.

Look at the charts and see the connection between the Fed’s reckless policies and what it has done to stocks. It’s truly criminal the way the savers of this country have been kicked to the side of the road in favor of Wall Street.

That’s today’s reality. If you can’t afford to make a mistake (can anyone really?), then you need to take a hard look at how you’re invested. I’d be happy to talk with you. The lessons we all have learned in Intelligence Report are never going away. You can email me anytime at ejsmith@youngresearch.com. I look forward to hearing from you.

Originally published August 30, 2017.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • You’ve Read the Last Issue of Intelligence Report Now What? Part III
  • You’ve Read the Last Intelligence Report Now What? Part II
  • You’ve Read the Last Issue of Intelligence Report: MTI and RAGE Gauge
  • Author
  • Recent Posts
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 Zilldjians. 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 and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com
Latest posts by E.J. Smith (see all)
  • Even Without Food and Gas, Inflation is Soaring - July 1, 2022
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone - June 30, 2022
  • RURAL RENAISSANCE: America Finds the Country Again - June 29, 2022

Search Young Research

Most Popular

  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Why Work When Taxes Take It All?
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market?
  • What Happens to Your Passwords When You Die?
  • Is the Great Job Boom Over?
  • Regulators' Bungled Attempts to Cut Emissions Drove Oil Prices Higher
  • RURAL RENAISSANCE: America Finds the Country Again
  • The Power of a Compound Interest Table
  • Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • For Investors Who Want to Stop Worrying About a Market Crash
  • Breaking News: House Election Update
  • WATCH: New York Governor Melts Down When Asked for Facts
  • Florida Is a Refresher Course in American Greatness
  • Should You Believe Ms. Hutchinson?
  • Biden’s Economy Even Weaker than Thought
  • A Cashless Society Is A Debacle for Americans
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone
  • Democrats Running AWAY from Biden on the Campaign Trail
  • Touch Sensitive Robots Could Revolutionize Manufacturing

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2022 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.