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,
1-800-257-7575 Spanish;

America's Second Harvest

Humane Society of the United States

Operation Blessing

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

Corporation for National and Community Service Disaster Relief Fund
(202) 606-6718

Disaster Psychiatry Outreach

Feed the Children

Lutheran Disaster Response

Mennonite Disaster Service

Nazarene Disaster Response

Presbyterian Disaster Assistance

Salvation Army
1-800-SAL-ARMY (725-2769)

Southern Baptist Convention -- Disaster Relief
1-800-462-8657, ext. 6440

UJA Federation of New York
212 836-1880

Union for Reform Judaism

United Methodist Committee on Relief

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