On Going Happenings
Agave Bar & Grill - Happy Hour 5-7pm, 2 for 1 12 oz. Margaritas. 402
1st Street.
A-J’s Dockside - Happy Hour 4-7pm, Live music Friday thru Sunday,
Lunch 7 days a week 11am-5pm, Dinner 7 days a week 5-10pm. Kayak
and paddle board rentals available. Call 912-786-9533. 1315 Chatham
Ave.
American Legion Post 154 - Canteen open 5pm Monday-Saturday,
First Mondays Pizza Night 5-7pm, Bar Games Tuesday and Thursday
6-9pm, Line Dancing Wednesday 7pm, Thursday Dinners 5:30-7:30pm,
Bingo (come early!) and Karaoke Friday 8-10pm. 10 Veterans Dr.
Benny’s Tavern - Happy Hour Monday thru Friday 10am-7pm, Open Pool
Tuesday all day, Pool Tournament Wednesday 8pm, Karaoke Thursday
thru Sunday 9pm. Kitchen open Wednesday-Saturday from 12pm - 2am
and Sunday 12:30pm - until. 1517 Butler Ave.
Bubba Gumbo’s - Open Sunday thru Thursday 12-9pm, Friday and
Saturday 12-10pm. Happy Hour 4-7pm with $1 off beers and $9.95
Shrimp Dinner. Hi Life and Jameson Shot specials on Monday. 3 Old
Highway 80.
Doc’s Bar - Happy Hour Monday thru Friday 4-7pm, Karaoke Thursday
8pm, Live music Friday and Saturday 9pm. 10 Tybrisa St.
Fannie’s on the Beach - Live music on weekends. Saturday and Sunday
Brunch Specials. 1613 Strand Ave.
Nickie’s 1971 Bar and Grill - Happy Hour Monday thru Friday 4-7pm,
Daily Lunch Specials Monday thru Friday, Texas Hold Em Sunday 7pm,
Monday thru Wednesday 8pm, Tuesday Open Mike Night 8pm, Sips and
Scenes every Wednesday 7pm, 8 Ball Pool Tournament and Karaoke
Thursday 7pm, Live Band Friday and Saturday 9pm-?? 1513 Butler Ave.
Social Club - Closed Monday and Tuesday. Daily Happy Hour from
5-6pm: Two free drinks and Growler specials, 2 for 1 Sangria every
day until 6pm, Wednesday is Tacos and Trivia at 7:30pm, Live music
Thursday at 7pm and Friday and Saturday at 8pm, Bluegrass Brunch
Sunday 11am-3pm. 1311 Butler Ave.
Spanky’s - Daily cocktail and beer specials. Home of the Original
Chicken Finger! 1605 Strand Ave.
The Deck – Open Wednesday, Thursday and Sunday 11am-9pm and
Friday and Saturday 11am-10pm. New menu and new improvements.
Only restaurant on the beach. 404 Butler Ave.
Sting Ray’s Seafood - The home of blue crabs, beach music and beer.
Live music every night 6-10 pm. 14th St. at Butler Avenue.
Tybee Time - Happy Hour Monday thru Friday 4-7pm, DJ Marty
Thursday-Saturday. 1603 Strand Ave.
Wind Rose Café - Happy Hour Monday thru Friday 4-7pm. Daily Lunch
Specials. 19 Tybrisa St.
28 TYBEE BEACHCOMBER | JUNE 2018
By Russell Robertson, CFP Rogue Waves
Your Investment Horizon
We’re several months removed from the shock of February now, and it
looks like volatility has settled back in for the long haul. Perhaps that
has some of you out there wondering if you should have listened to the
old investing adage “sell in May and go away.” Several years come to
mind in recent memory where that feels like it would have been a sound
philosophy; you would have missed the “taper tantrum” of 2015, the
debt ceiling debacle of 2011, the other debt ceiling debacle of 2013, and
the European debt crises of 2012 ... of pretty much every year.
But the statistics tell a different story. Markets are up during the summer
months 63% of the time, with an average annualized return of 1.4%.
True, 1.4% isn’t much, but it’s positive. And has been higher than any
return you’ve been getting recently on your cash. Pay attention to this
part now, because I’m about to tell you the sure-fire two-part way to
make money off your investments: 1) diversification and 2) let it sit there
for a long time.
Investing is a little bit like surfing, if your portfolio was a board and the
market was the ocean. You’re not going to ride any waves sitting on the
beach, you’re just going to get sunburned. And yeah, you might catch a
couple right in the face on your way out to the break, but that’s just part
of the fun. Let your portfolio sit there. Maybe all it does is bob up and
down for a while, but it will be ready when that perfect investment wave
rolls in. And if you’re just starting out, use something broad-based and
low-cost, like a passive exchange traded fund (ETF) or mutual fund. You
can get a nicely diversified portfolio for under $100 that way. Stay away
from the day trading and things that take more than 5 words to explain
and that speculative position in Tesla because you read an Elon Musk
tweet. Nobody goes to Nazaré to learn how to surf.
If your investing time horizon is five years or more, then spend this
summer on the beach with a drink in hand and let your portfolio ride
whatever waves might be coming. If your investment horizon is less than
two years, then you’re breaking sure-fire money-making rule number
two. That’s not surfboard money, that’s pool float money. Stick it in a
high-yield online savings account or a bank CD until you need it, and
then spend the summer on the beach with a drink in your hand.
If you’re looking at a two to five year investment horizon, you’re in the
slightly awkward position of needing to choose whether a shortboard
or a longboard will give you the best ride given tomorrow’s conditions.
Solution? Bring both. That’s the surfing version of diversification. Allocate
part of your portfolio to less risky things that tend to hold value well if
the market drops - money market funds, fixed income, perhaps gold -
and part to riskier assets - stocks, primarily - that will appreciate if the
market moves higher.
Trying to time the market is a fool’s errand. What you need to do this
summer is make sure your portfolio is correctly positioned given your
investment horizon, and then go away. Just you go away though, not your
investments. Summer is short enough as it. Get out there and enjoy it.