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How Are You Doing on a Local Level?

January 14, 2021 By E.J. Smith - Your Survival Guy

By Leigh Trail @ Shutterstock.com

How are you doing on a local level? Are you taking small steps every day to secure your situation? You don’t have to change your world in a day. Here are some thoughts looking out at my backyard:

  • The local paper ran an article this week titled Firearm Interest Up Locally. The catalyst for the increased interest seems to be the election, and much like post-9-11, respondents are saying they were looking to buy anyway, this just made them take action.
  • Applications to the Newport Rifle Club are way up, especially by female applicants, with demand for training by both genders way up as well.
  • Are you seeing local prices higher or lower? Here, the price for food at the grocery store is up, while remaining pretty steady at restaurants.
  • Do you have debt? It’s like an anchor around your neck. It’s ok while you’re on the boat, but try swimming with it. That’s what it feels like carrying debt during deflationary times.
  • Value stocks. Yes. Imagine you own a wonderful business with pricing power. Now put that into your portfolio. That’s one way you fight inflation.
  • Bonds. Yes. Imagine you’re a company. Your capital structure requires by law that your bondholders get paid first. Now imagine you own both stocks and bonds, and you see how you’ll live to fight another day in times of trouble by owning bonds.
  • There’s nothing wrong with making money slowly from your investments.
  • You spent a lifetime making money slowly with your work (unless you hit an IPO lottery).
  • If you’re amazed at the amount of money you control, you know exactly what I’m saying. Fortunes can be made slowly.
  • And fortunes can be lost in the blink of an eye. Don’t let that be you. Be patient.

Action Line: Make sure your financial house is in order. It’s the most important thing you control today. I believe in you. You can do this.

P.S. Dick Young recently wrote to investors that the stock market is about money flows, not politics. He continued:

Has America endured a more disgraced sitting president than Democrat Bill Clinton or first family than Bill and Hillary? Perhaps not.

Well you might be surprised to know that your IRA sprouted like fresh green weeds during the disgraceful decade of the nineties. Check out my chart below.

Americans have a great history of remaining optimistic, even though the Washington elite can and do act, for extended periods, like thorough fools.

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 Zilldjians. 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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