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Dreaming of Bitcoin in Your Stocking this Christmas Season?

December 2, 2021 By E.J. Smith - Your Survival Guy

By RadenmasT @ Shutterstock.com

You’re asking me about Bitcoin. I get it. With all the mad money created by the Fed, inflation running hot, and a supply chain rusting away, you want to know my thoughts on Bitcoin. As I’ve written to you before, I’m not buying it. Does that mean I don’t believe in the science? No, not necessarily. I just don’t need to be the first one to find out if it’s wrong. Let me explain.

One of the hardest parts about investing is being human. We get excited about stuff. We don’t like to feel like we’re “missing the boat.” That eats us alive inside. It’s nearly impossible to get it out of your mind until what you think is a sure thing turns out to be something entirely different. Let me tell you a Christmas story.

Think about when you were a kid around this time of year. I’m talking about an age when you were a believer (hopefully you still are), with your “Red Ryder” on your list. It was impossible to get it off your mind. And it didn’t get better with time. It got worse. All the way up to Christmas Eve when sleep wasn’t going to happen—and you were afraid to open your eyes in fear of seeing “him” and ruining your Christmas.

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When you’re older, that feeling doesn’t just go away. There’s stuff I’m excited about this Christmas that I can’t wait to give, but I can’t tell you because nosy eyes are reading right along with yours. Let’s not ruin Christmas.

Action Line: When it comes to investing, if there’s a cryptocurrency or stock symbol you just can’t stop punching into your phone, then maybe you’ve got “Red Ryder-itis.” It’s OK to be excited about Christmas, but keep in mind it isn’t an everyday event.

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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