“If Only I’d Followed Dick Young’s Advice Sooner”

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“If only I’d followed Dick Young’s advice sooner,” is a refrain Your Survival Guy hears all the time. If there’s one piece of advice Dick Young would give to every investor, young and old, it would likely be this: You need to beat inertia. You need to make it a great month. In other words, you—in a world that can feel out of your control—have more control than you think. Your actions or non-actions dictate a big part of your life. Which leads me to this.

“Survival Guy,” I ask myself, “What is the biggest difference between a prospective client and a client?” Easy. Trust. And it’s not just trust in me but trust in oneself. Having someone else guiding your money is a huge leap of faith. And it’s not for everyone. Money is an emotional topic. If you can find someone to tell you how to do it without emotion, I think you’re a lucky individual.

You and I know it wasn’t all luck that got you to where you are. But those skills: being a hard driver, aggressive, work, work, working your way to success might not serve you well as an investor. As an investor, patience and an unemotional approach may be your best friends.

As Your Survival Guy, I share with you everything I think will help you make good investment decisions. It’s a trust thing. Just yesterday, for example, I was speaking with a long-time client who said to me, “You know there’s only one other person who, like you I’ve never met face to face, who I trust as much as you.” Can I get an amen?

And I will say this: life works in funny ways. Because in another conversation, a client said, “I had the strangest dream a few months ago. It was my grandmother telling me, ‘Buy gold.’ And so, I did.”

Action Line: You can go through life wishing you did this or that or you can act. Investing is a leap of faith. When you’re ready, I’ll be here to catch you.

Originally posted on Your Survival Guy.