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Don’t Get Caught Up on Prices, Do This

August 10, 2023 By E.J. Smith - Your Survival Guy

By Keisuke_N @ Shutterstock.com

When market prices float through space, it’s worthwhile remembering this: prices are a qualitative measure, not quantitative. Prices are opinions. Everyone’s got one. They can change with the wind.

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But, stock dividends, for example, they’re quantitative. They’re tangible. You can see them enter your account if you pay attention. Trading stocks—a zero-sum game—is not investing. That’s speculation. With most of the world focusing on prices, why wouldn’t you focus on dividends?

We learn at a young age how to make money. How to save. But at some point, after they’ve accumulated a pile of money, some investors begin to treat it like it’s a game. Investing isn’t a game. It’s hard work. It’s a daunting task, even when done well. Anyone can buy stocks. Creating and maintaining wealth when you’re no longer working? That’s not an easy task.

It never ceases to amaze me how investors will load up on one stock—not realizing that their life depends on it. I advise doing the mental math of how many hours of work it would take to replace your largest stock position.

Action Line: Show me the money. That’s what I like for you, my valued reader. Because cold hard cash gives you laser-like focus on the quantitative such as: Income. What amount of income, for example, can your pile of money create for you? How can your pile of cash work for you and not be a lazy bum? Let’s not lose sight of how attractive bonds are. Don’t get caught up on the prices. Focus on income. If you need help building a portfolio that focuses on income, let’s talk. In the meantime, get to know me better by subscribing to my free monthly Survive & Thrive letter.

Originally posted on Your Survival Guy. 

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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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