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After the Coronavirus: Successful Investing and Good Health

June 15, 2020 By E.J. Smith - Your Survival Guy

By Maha Heang 245789 @ Shutterstock.com

Coronavirus Infects Stock Market: Part XXXI

Originally posted on April 21, 2020. 

Let’s get this out of the way: There is no magic bullet to successful investing or to good health. Both are a culmination of decisions leaving you with a body (of work) to show for it.

Is there any doubt those most susceptible to COVID-19 have a weakened immune system?

Is there any doubt those most susceptible to investing mistakes take risks?

What’s scary is, both groups oftentimes don’t even realize their precarious state. They don’t see the risks staring back at them in the mirror.

They believe, for example that passive index funds are “safe.” But what if they lose their job, and 30% of their position?

They never see it coming.

Risk is a personal thing.

You need to know it like you know yourself. But sometimes we don’t have the tools to do that—to know what questions to ask or how to analyze risk.

Unfortunately there are a lot of folks second-guessing their risk today, or still not seeing it.

Consider, for example variable annuities that promise a steady income and not missing out on the market gains. At what cost? What if the insurer goes bankrupt? Will the state bail you out?

It’s times like these, when emotions are raw, that can make sound decisions, like staying out of the fridge, most difficult.

Don’t let your lifetime of work be ruined by a couple of real bad decisions. Because that’s all it takes to turn a culmination of good decisions into a lost body of work.

Read my entire series, Coronavirus Infects Stock Market here.

Originally posted on Your Survival Guy.

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  • Coronavirus Infects Stock Market
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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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