Hurricanes and Your Investments
It has been a busy hurricane season the past few years. After Hurricane Katrina and now with Hurricane Rita, I have received a few calls from clients concerned about their investments. The media is our worst enemy sometimes because they do not always show all sides of the story.
Investment portfolio diversification is the key to withstanding the national emergencies we face now and in the future.
As we witnessed with each national emergency of the past five years, the economy did not come to a standstill. Yes, there will be short-term blips that may spark a slowing of the economy, but history has shown that the economy is actually stronger 6 to 12 months after a large national event.
Hurricanes Katrina and Rita will produce jobs, and many financial benefits associated with rebuilding the hurricane stricken areas. Economists have already reported that the economy will probably slow down for the remainder of 2005, but they predict that it will begin to pick up as soon as the first quarter of 2006.
Because you have a diversified investment portfolio, your investments will be buffered in the short term and still be in play when the long-term benefits kick in.
Hold true to your investment allocation.
Published by Joan Gagnon
Investment Advisor and Certified Public Accountant. Fee only advisor helping individuals and businesses with their investments and financial planning. Individually design portfolios for each client to mat... View profile
- Short-Term Art Therapy Boosts Normal Adolescent BehaviorFor parents who are raising teenagers, the use of short-term art therapy may provide for significant mental health improvement.
- Long Term & Short Term Bariatric Surgery Complications, Using Antibiotic Therapy For many bariatric surgery patients, the long and short term health complications are often overlooked. Using antibiotic therapy, many patients can overcome complications.
- Short Term Visa Requirements for Costa RicaIf you are contemplating moving abroad to live and work in Costa Rica you may need to get your self a short term visa depending upon how long you expect to stay in Costa Rica and what your purpose will be for being in...
- Short Term Apartment Rentals for TouristsMore and more tourists are renting short term apartments for their vacations rather than hotel rooms. This can be an excellent way to save money on both food and lodging costs, but only if you are willing to spend tim...
- How to Set Short Term as Well as Long Term GoalsThis is a good lesson for a school social worker. The kids will learn what long and short term goals are; how to phrase goals. And them how to implement them. Everyone goes through different phases when accomplishing...
- Hurricane Katrina: People Still Dying from Her Two Years Later
- Is There a Comparison Between 9/11 Hurricane Katrina?
- Is Short-Term Medical Insurance Right for You?
- Short-Term Loans Cause Long-Term Destruction
- Building an Investment Portfolio with ETFs
- A Look at Short Term Visa Requirements for Argentina
- Short Term Loans