LEFT: President Donald J. Trump signs a Presidential Memorandum on Protecting the United States Lobster Industry on Wednesday, June 24, 2020, in the Oval Office of the White House. (Official White House Photo by Shealah Craighead)
Well, that was an interesting debate, wasn’t it? Not exactly a seminar on how to win friends and influence people. When I talk with you, you tell me it didn’t sway you one bit. And you feel the same way about the undecided voters—they weren’t compelled either way.
When I think of Dale Carnegie’s classic tome, I think about the key ingredient that solidifies relationships—trust. I think it all comes down to trust. Who do you trust? When families think about their finances or the economy, it must be about the one who makes life a little bit easier, and that’s Trump, name-calling and all.
With the Federal Reserve set to begin its crusade of lowering interest rates, I don’t want you to be in the predictions business. You just might end up being wrong. Yes, the Fed controls overnight lending, has a bloated balance sheet, and wants to refinance its debt. That doesn’t mean the yield curve or bond yields will follow suit lower. What I want you to do is look at your savings and determine what you can invest in and where you can lock in some rates for a bit longer.
Side note: A surprising metric this month is the jump in gun sales and why such a huge increase? You know, the king of all gun sales was Obama. This may be an early indicator of voter concern about their Second Amendment rights disappearing. It also points to how close voters feel this election will be, and they don’t want to end up defenseless. Get your guns and your training now.
As the market continues to climb the wall of fear, investors can hardly believe their good fortune. Remember, prices come and go. I want you to focus on building income into your portfolio through dividends and interest, and I want you to be paid to stick with your stocks and build in a buffer with your bonds.
Personally, I don’t look at my portfolio performance. Instead, I look at cash flow with the regularity it deserves because it’s not what you invest in but how you invest that stirs the drink. Stay diversified, my friends.
Originally posted on Your Survival Guy.
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