UPDATE 2.12.24: As they were in June, stocks are rallying, and Wall St. is betting on Federal Reserve rate cuts this year to boost the market. But today, Federal Reserve Board Governor Michelle Bowman became the latest in a series of Fed personnel to tamp down on the idea of imminent cuts. She told a […]
What Do You Know About Vanguard’s Wellesley Income Fund?
I was recently asked some questions about Vanguard’s Wellesley Income Fund by a business associate. Below is a short summary of the questions and my answers. The first question was, “Who manages Wellesley Income Fund?” The answer is Wellington Management Company, which I have had dealings with from my earliest days in the industry at […]
Vanguard GNMA
Your Survival Guy’s been digging through his investment attic looking for wrapping paper and came across these four letters: GNMA. It’s been a while since I’ve written to you about Vanguard GNMA, and like most investments I make, I still own it. I’m a collector. A pack rat, if you will. I find things I […]
When the Black Swan Swoops In for You
UPDATE 11.10.23: It wasn’t a Black Swan, but it was perhaps indicative that something had changed. An auction for treasuries yesterday saw very little demand, scaring markets. Federal Reserve Chairman Jerome Powell put the icing on the cake with language indicating the Fed is “not confident” it won’t raise rates again. Stocks responded by dropping […]
Fidelity and the Flight to the Suburbs
Originally posted on May 13, 2021. Back in February, I wrote to you about how I started in the institutional research and trading investment business at Model Roland & Co. on Federal St. in Boston in August 1971. Just up the street from Model were Fidelity Investments, and Wellington Management, both of whom I called […]
Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
Are you up to speed with Your Survival Guy? Do you check in daily at www.yoursurvivalguy.com? I’m E.J. Smith, Your Survival Guy. I created www.yoursurvivalguy.com to give Main Street Americans a boots-on-the-ground look at how to protect their most valued assets from natural and manmade disasters. My focus at www.yoursurvivalguy.com is: Retirement investing and planning […]
Dividend Paying Stocks and Taxes
UPDATE 9.11.23: I wrote this to you about ten years ago, and it still applies today as much as it did then. Originally posted September 24, 2013. This year the tax on dividend paying stocks for the highest wage earners, thanks to Obamacare, is 23.8%. One way to avoid this tax altogether is to invest […]
75 Years Later, LPs Still Selling
UPDATE 9.5.23: In 2023, the first company in nearly 90 years will be pressing vinyl albums in Wisconsin. Barry Adams reports for the Wisconsin State Journal, writing: CROSS PLAINS — Nostalgic sound has become a business model for Dave Eck. Since around 2008, the Madison native has owned two identical, high-tech German lathes to cut […]
Your Survival Guy at Fidelity and Your RMD Compliance
Originally posted April 21, 2023. Staying on top of your IRA RMD can be a hassle, especially with the IRS changing the start dates. The new one is age 73. As I wrote back on December 19, 2022, when I worked at Fidelity Investments in the mid-90s, I was at FIRSCO. What the heck is […]
Ron Paul: “Freedom and Central Banking Are Not Compatible”
UPDATE 8.25.23: On the Ron Paul Liberty Report, former congressman and presidential candidate, Dr. Ron Paul, warns Americans about the threat growing debt poses to their liberty and prosperity. Watch: UPDATE 6.19.23: Recently on his Rumble channel, The Ron Paul Liberty Report, former congressman and presidential candidate Dr. Ron Paul discussed the secret workings of […]
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