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Note to Self: Don’t Wind Up on the Rocks

August 14, 2023 By E.J. Smith - Your Survival Guy

By Ingrid Maasik @ Shutterstock.com

Your Survival Guy got caught up in some fog Saturday afternoon halfway through our trip from Newport to Mattapoisett. All was clear while preparing to leave the dock, but I heard the fog horn faintly in the distance. We were cruising right along, and then, on the horizon, we could see the dark fog cloud rolling in. I turned on the radar which overlays the chart plotter map, and had a few minutes to get my bearings just using the electronics.

One of my biggest fears in fog is other boaters. Sometimes all the technology in the world isn’t enough. I relate it to SUVs with four-wheel drive flying through the snow on the highway. At those speeds, it doesn’t matter, rubber will slip on snow, preventing any vehicle from stopping on a dime. When you’re boating, and you can barely see in the fog, you have to use all your senses, and the more eyes you have on board looking in all directions, the better.

One of my navigation rules in the fog is to make my marks with a visual confirmation. I’ve been fishing before on a clear blue bird day and know chart plotters can be off by a surprisingly large distance. In the fog, everything needs to slow down, and I start confirming positioning with my own eyes if I can. I’ve seen too many boats hung up the rocks, and when the fog clears, their captains are wondering how did that happen? It does.

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Action Line: When you’re investing, you want a captain doing the visual confirmations. Robo-advisers could put you on the rocks. Let’s talk.

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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