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A Word on Stocks

July 26, 2024 By E.J. Smith - Your Survival Guy

By Rawpixel.com @ Adobe Stock

It’s been quite the week, wouldn’t you say? Speculators (I will not call them investors) are wondering what’s happening to their money, staring at their screens, thinking, “How could this happen to me?”

When they call their broker (not a fiduciary), they ask questions like “Bob, how are we doing?”

“We?”

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I spit out my coffee when I hear, “How are we doing?” Since when did this become “we?”, poor Bob wonders.

All is good when stocks go up, but when they go down? Someone’s to blame, right?

When I walk into my office on a tree-lined street, not a passerby knows what goes on inside. It’s nice. It’s nice walking into a quiet office where one can concentrate and not be interrupted by the fire hydrant of information distracting everyone else all day long.

My phone doesn’t ring unless a customer is calling me back. We smile at the chaos others are dealing with. We set our course months or years before and aren’t jumping in and out of positions. We developed a plan that’s right for you—not anyone else.

Action Line: Big price moves (opinions) are part of investing. If you aren’t comfortable, then let’s talk. I’m serious. Your peace of mind and comfort are worth too much.

Originally posted on Your Survival Guy.

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
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, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. 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 (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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E.J. Smith - Your Survival Guy
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