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Time to Save, Troubles Dining Out, and Intelligence on Yellowstone

June 30, 2022 By E.J. Smith - Your Survival Guy

By Zadorozhnyi Viktor @ Shutterstock.com

In my conversations with you, you’re telling me the real estate market is slowing down. That’s not to say there’s no one looking to buy. Demand is still hot in certain places.

One client out in Jackson Hole said all the realtors are looking for bartending jobs. The tech bust might have something to do with it. Higher rates might be in play too. But overall, it could still be a lack of supply.

Your Survival Guy’s been finding some good values with French Chardonnay that aren’t too oaky. One is by the glass at the Clarke Cooke House in Newport, RI. It’s a Castelbeaux, Vin de Pays, FR, for about ten bucks. Cheers. Speaking of cheers. Our go-to wine during the week is from Dry Farms Wine. Every bottle has an alcohol volume of less than 12.5%. Nice and light.

I’ve yet to meet an investor who likes losing money. And yet it never ceases to amaze me how reckless investors (I don’t consider them investors, more like speculators) are with theirs. Here are some words of wisdom: If it sounds too good to be true, don’t forget there’s someone else on the other side of the trade with the exact opposite belief. It’s a zero-sum game.

Investing, on the other hand, is owning a business or company that produces income or dividends. Over time they’ll grow with the economy. Now is the time to save. Now is the time to keep working. Work to save money. Invest to keep it. Liquid alternative investments are hot. Stay away. When I see leverage, borrowed money, and high fees, I run. You should too.

A contact in the construction business tells me entry-level workers can’t be found. Another client just bought a house in Montana not far from where Yellowstone is being filmed. FYI to fans, he said they’re filming the next two seasons. He also said the demand for housing is crazy, and it’s pricing out locals who rent and work in the service industry. In New Hampshire, some restaurants are doing take-out only, and for those dining out, there’s a sign indicating the number of wait staff that night. Going out to dinner may become a thing of the past.

Action Line: In my conversations with you, I’m reminded of our recent trip to Paris. When one waiter approached, he simply said, “Tell me, madame.” That’s how I feel talking with you. You tell me. I’m just the messenger.

P.S. Your Survival Guy is back on the water thanks to Grady White and Jack McMath at Cataumet Boats. Have a safe and happy Fourth with your loved ones. All aboard!

Originally posted on Your Survival Guy. 

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  • Author
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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 and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
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