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Why Investors Should Forget Prices and Focus on Income

March 15, 2023 By E.J. Smith - Your Survival Guy

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Originally posted August 30, 2022.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Investing can be a dangerous endeavor, especially when it depends on things we don’t control, like prices. Prices are unpredictable, yet it never ceases to amaze me how many retirees bank on the following phrase: “Well, the stock market always comes back.”

Really? Allow me to add: “But not on anyone’s schedule.”

Listen, stock market corrections mean different things to different investors. The investor who retired last December is licking his wounds, wondering how he could be so unlucky. And there’s a good chance he sold at or near the bottom so he could sleep well at night. That’s reality.

Having a guide who can help you see your retirement savings with an unemotional view is a good thing. It’s a reality check. I’ll tell you this, I’ve never liked the idea of using a certain “number” to base one’s retirement date on. That risky strategy depends on the one thing you can’t control—prices. Prices are a qualitative measure, not quantitative.

Action Line: Show me the money. That’s what I like for you, my valued reader. Because cold hard cash gives you laser-like focus on the quantitative such as: Income. What amount of income, for example, can your pile of money create for you? How can your pile of cash work for you and not be a lazy bum? Let’s not lose sight of how attractive bonds are as the rates increase. Don’t get caught up in the prices. Focus on income. If you need help building a portfolio that focuses on income, let’s talk. In the meantime, get to know me better by subscribing to my free monthly Survive & Thrive letter.

Originally posted on Your Survival Guy. 

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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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