It’s Time to Build a Moat around Your Portfolio

Buy low, sell high. A simple concept. Hard to do. Just ask the baby boomers.

They are the wealthiest generation in U.S. history. And they’ve never felt richer. That’s because the oldest of the boomers, those who turned 65 in 2011, have witnessed an advance in the S&P 500-stock index of 91 percent.

My advice? Take some of that money and tuck it away for when you might need it. As I wrote to you yesterday, spending trends are down.

What I’m not reading about is investors taking a survival approach to their investments.

It’s time to start taking action. Begin by constructing a moat around your portfolio. After the recent strong performance in markets, this strategy will require you pare back on some of your winners.

I’m concerned that investors have become too comfortable with markets going up, but haven’t prepared enough for when they’ll come down.

Don’t let that be you. Take a proactive approach to your wealth management. Build a moat around your portfolio. If you need help doing that, contact me at ejsmith@youngresearch.com.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the 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. 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, 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 Zilldjians. He grew-up worshiping Neil Peart 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 and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.