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Coronavirus Infects Stock Market: Part XI

March 9, 2020 By E.J. Smith - Your Survival Guy

By Lightspring @ Shutterstock.com

One of the challenges of having high school kids in different schools is scheduling—they’re not on the same one—which is how Owen and I ended up skiing Friday at Attitash, NH, while Izzy was in school.

My parents spend much of their winter in New Hampshire skiing (it’s early Saturday morning as I’m writing to you), and we had a great day together yesterday on the slopes. Part of the reason Owen and I had to get up to our cabin was to bring our gear back home for our trip out west later this month.

If you’re a ski family, you tend to gather a lot of ski gear.

If you’re looking to be a member of my Survive & Thrive club, click here.

As I rummaged through my kids’ old, tiny boots and skis, I felt like Clark Griswald from Christmas Vacation in the attic watching old family movies. I was overcome by emotion thinking about how it was just yesterday we were teaching them to ski. I remember what their voices sounded like (not all fun!) when I held Izzy’s jacket in my hand—an outfit that lives in a picture in our living room home in Newport.

It goes by fast.

As stocks crumble all around us, it’s the things like packing for another trip and holding the pieces of our past that give it all meaning—the why for what we do—the most important of the 5 Ws.

Why are you worrying about your money when you could be doing something that matters to you?

There’s a reason why I’ve referred to, for what seems like a lifetime, the Vanguard Wellesley Fund as a sleep “Well-esley” at night investment (the piece linked here was written in 2011 and contains some information that has changed since the implementation of new laws, including the SECURE Act). We do have some concerns with Wellesley, as you’ve read about here, but a portfolio that uses bonds as a counterbalancer can ease your mind when everyone else is losing theirs.

Read my entire series, Coronavirus Infects Stock Market here.

Originally posted on Your Survival Guy.

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Related Posts

  • Coronavirus Infects Stock Market
  • Coronavirus Infects Stock Market: Part II
  • Coronavirus Infects Stock Market: Part X
  • Coronavirus Infects Stock Market: Part VIII
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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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