Page 14 - Jupiter Spotlight - June '22

Page 14, Jupiter Spotlight

Financial Focus Fire Rescue Safety Tips

June 1 is the meteorological start of the Atlantic Basin • If you have hurricane shutters for your home, don’t put
Market Decline Offers Hurricane Season. Though hurricanes can occur any time them up until advised to do so, and take them down when
of the year, June 1 to Nov. 30 is when hurricane activity
the threat has passed, and it is safe to do so.
Buying Opportunities is most likely. • Keep your vehicle’s fuel tank no less than ¾ full or if
During the past two years, there have been many it’s an electric vehicle, fully charged in case of the need
By Sally Sima Stahl people relocating to Palm Beach County due to various for late-notice evacuation.
The financial markets reasons, but the COVID pandemic has played a part. The hurricane shelters closest to Abacoa are
have gotten off to a rocky This is concerning to emergency managers because that Independence Middle School and Palm Beach Gardens
start this year. What’s means that there is a growing segment of our population High School.
caused this volatility? And that has never been in the position of needing to prepare Once the threat of an approaching hurricane is
does it present opportunities for a hurricane, and that lack of preparedness can impact announced, please monitor and heed all advisories
for patient investors? resources in the aftermath of a significant storm. posted by the Palm Beach County Division of Emergency
First of all, several There are things that new residents and storm-veterans Management.
factors are behind the alike can do to prepare early to minimize the impacts a Palm Beach County’s website is a valuable resource,
m a rke t vol a t i l i t y, storm may have on your family and the local resources, as it provides locations of grocery stores and gas stations
including the war in but most importantly to keep you and your family safe equipped with emergency backup generators, evacuation
Ukraine, higher inflation, and healthy. routes, additional shelter information (what you should
rising interest rates and the lingering effects of the • Stock up on bottled water and nonperishable food. and may not bring to a shelter) flood-prone areas, etc.
COVID-19 pandemic. However, while these factors may • Prepare and maintain a well-stocked first-aid kit. Discover.pbcgov.org/publicsafety
be specific to the recent market decline, volatility itself • Have a good supply of medications. Steen Eriksson,
is a common feature of the investment environment. • Make sure your home’s smoke/carbon monoxide Community Relations,
In fact, history shows that corrections of 10 percent or detectors are operational. Professional Firefighters and Paramedics of Palm
more happen about every year, and declines of 15 percent • Create a plan for evacuation to a shelter or out-of-state, Beach County,
or more have happened every other year, on average. and make sure to notify your family members so your IAFF Local 2928
Furthermore, while 2022 has thus far been challenging whereabouts and safety can be confirmed. HOAN@iaff2928.com
for investors, it was preceded by a long period of strong • Don’t forget about old-school portable radios and extra
markets, with the S&P 500 averaging more than a 20 batteries. If power is out and cell phone towers are blown
percent return over the past three years. down, that may be your only source of information.
Knowing the typical frequency of market volatility
and reviewing the results of the past few years may
make the current situation seem less shocking. But you Executive Women Of The Palm
don’t have to simply “ride out” the downturn – because Beaches from page 12
a down market may give you the opportunity to buy
more investment shares at good prices. Specifically, During the luncheon, Bank of
you can expand your holdings in companies that have America – Palm Beach County,
good growth prospects due to strong management and received the President’s Award. It
products or services that provide sustainable competitive is given to an organization in the
advantages. And this type of opportunity is important, community that supports female
because one of the keys to building wealth is to talent within their company and
increase the number of shares you own in your various supports nonprofits that benefit
investments and hold them for the long term. While the women and girls. Stephanie Glavin,
market will always fluctuate, the long-term trend has been senior vice president market
positive, particularly for well-diversified portfolios built executive, Palm Beach County,
with quality investments. accepted the award on behalf of Bank
Of course, while it is a good idea to boost your of America – Palm Beach County.
share ownership at favorable prices, you still want to The EWPBF 2022 WILA cochairs
be strategic about it, rather than just buying whatever were Keely Gideon-Taylor, Denise
seems to be the biggest bargain. In reviewing your Mariani, and Denise Valz. Denise Valz, Amy Brand, Denise Mariani, Keely Gideon-Taylor
existing portfolio, can you identify any gaps that could Sponsors included: FPL, Frances
be filled with new investments? Are there opportunities Fisher, The Palm Beach Post, Hubbard Radio, Bank of Atlantic University, JoAnne Berkow, Toni May, iQuest
to further diversify your holdings? By owning different America, HBKS Wealth Advisors, Roger Dean Chevrolet Productions, Lisa Russo, and Nothing Bundt Cakes.
types of stocks, bonds, government securities and Stadium, Virginia M. Spencer/Illustrated Properties, Amy To learn more about EWPBF visit www.ewpb.org,
other investments, you can help reduce the impact of “Emiko” Hever, Wilmington Trust | M & T Bank, PNC email info@ewpb.org or call (561) 868-7070.
volatility on your portfolio. (Keep in mind, though, that Bank, Palm Beach State College, Keiser University, Florida Photos by Tracey Benson Photography
diversification can’t guarantee profits or prevent losses
in declining markets.) Or, if your portfolio has become
“unbalanced” in some way, you could also use this time
to rebalance it back to its original long-term targets. You
might also consider setting up a systematic investing CAMPBELL AND KARLIK, P.A.
program in which you invest the same amounts in the
same investments on a regular basis, such as monthly. ATTORNEYS AT LAW
When prices go down, you’ll automatically buy more
shares, and when prices rise, you’ll buy fewer shares.
(However, systematic investing does not guarantee a
profit or protect against loss and you’ll need to be willing Wills • Trusts • Estate Planning • Probate
to keep investing when share prices are declining.) Taxation • Real Estate • Corporations
Before this year, average annual returns have been
solid for about a decade, which makes it somewhat easy
to forget about normal market volatility and may have
led to overly optimistic performance expectations. So,
it would not be surprising if your initial reaction to the
current downturn is one of concern. But by viewing
the current investment environment as a chance to add
quality investments at attractive prices, you can help
yourself develop a behavior that can serve you well
throughout your life as an investor.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward
Jones, Member SIPC.
Edward Jones is a licensed insurance producer in
all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and
Massachusetts through Edward Jones Insurance Agency
of California, L.L.C.; Edward Jones Insurance Agency
of New Mexico, L.L.C.; and Edward Jones Insurance Diane L. KarLiK
Agency of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation. Tel: (561) 625-5220
Contact us at (561) 748-7600, Sally Sima Stahl, AAMS, 3450 Northlake Boulevard Suite 210 Fax: (561) 625-5201• Mobile: (561) 797-5004
1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458. Palm Beach Gardens, FL 33403 EMail: dlkarlik@aol.com