By Tahubulat @ Adobe Stock
As many of you remember from Richard C. Young’s Intelligence Report, he would leave you with these wise words: “Make it a Good Month.” In other words, he gave you his best ideas. The only piece of the puzzle left was for you to make it happen.
How was your month? Did you make it a good month? Because for many of you, me included, April was not all bad, and it was a barn burner of a month for gold.
How about for the last 52 weeks?
I’m not patting my back. I’m not saying gold is going up from here. Your Survival Guy’s not betting the ranch on gold. I’m not. But I do like gold, and I like keeping a single-digit percentage allocation with the idea that if gold goes down, that usually can mean things are calmer in the world.
Sure, April is just one month, but what many of you have come to realize this month is that it is not necessarily how much you make when investing but how much you keep. How much do you keep compounding? Over time, you realize consistent returns can be a lot easier to stomach than big wins and big losses. It’s about return of assets.
Look at what a balanced portfolio has done over time. When we look back on this year, it will be interesting to see how it will look with 20/20 hindsight.
Action Line: If you need help with that final push, we all may need to “Make it Good Month,” you know who to call. Email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
Originally posted on Your Survival Guy.
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