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Faking the World a Better Place

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Maybe Generation-G for “guilt” should focus more on their own productivity, or lack thereof, rather than trying to “make the world a better place” with other people’s money. Andy Kessler writes in The Wall Street Journal:

Passing through the San Francisco airport recently, I ran into a couple I know who were waiting to pick up their teenage children. “Coming back from camp?” I asked.

They responded with a gaze that could curdle milk into yogurt. Their kids were coming back “from their service trip to Guatemala,” their mother informed me. “It was a wonderful volunteer experience, they really are improving lives.” Gee, and I thought my kid was doing well by working at Jamba Juice this summer.

A little digging turned up some information about these service trips. One is called the Global Leadership Adventure: Children of the Maya. “Volunteer at a Maya school, attend a ceremony with a Maya shaman,” the website reads. You’ll receive 30 hours of community-service credit—also known as college-application fodder—for only $2,999. For $200 more, head to Ghana for two weeks to “improve local health and living conditions, live just steps away from the beach.” What about investing the same $2,999 in Guatemalan entrepreneurs? Fat chance. Volun-tourism is charity for the giver.

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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.