The pound has acted well against the dollar in the midst of Brexit. Friday was a reversal day. I am ...
Reflections on Katrina
09/09/2005 12:00 am EST
The events that have unfolded in the wake of Hurricane Katrina are unbearable, and we all share in this devastating loss. This week and next, we present a special report from the advisory community, not to diminish the magnitude of this disaster, but to help steer investors through this time of uncertainty.
It is impossible to downplay the seriousness of the events that have transpired. Having lived through Hurricane Andrew, I thought I had seen the worst that Mother Nature could inflict on a community. I was wrong. But just as south Florida rebuilt after that terrible storm, so too will the Gulf region, and I join with all those at Intershow and throughout the advisory community to offer our well wishes and prayers for those who are now picking up the pieces of their lives in the wake of Katrina.
Times of uncertainty often call for patience. As you will see from this report, there are many unanswered questions regarding the impact of recent events on the long-term financial outlook. I would personally caution investors against rushing to judgment, or making significant portfolio decisions based on emotion or fear. This is a time for careful thought and consideration.
There will also be significant opportunities, and many of the leading advisors are now beginning to assess these events to better help you determine how this situation will impact the investment markets and economic outlook. Should this advice prove profitable, we would encouage you to consider sharing some of those gains with the people in the Gulf region who are so very much in need. Here, we offer a list of resources, provided by FEMA, for those of you who wish to extend your financial assistance or to volunteer your time.
Donate cash to:
American Red Cross
1-800-HELP NOW (435-7669) English,
America's Second Harvest
Humane Society of the United States
United Jewish Communities
Donate Cash and/or Volunteer:
Adventist Community Services
B'nai B'rith International
Catholic Charities, USA
Christian Disaster Response
941-956-5183 or 941-551-9554
Christian Reformed World Relief Committee
Church World Service
Convoy of Hope
Lutheran Disaster Response
Mennonite Disaster Service
Nazarene Disaster Response
Southern Baptist Convention -- Disaster
1-800-462-8657, ext. 6440
UJA Federation of New York
United Methodist Committee on
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