How to Protect Yourself AND Potentially Profit During Hurricane Florence
Hurricane Florence crashed into the Carolinas this past Thursday with heavy rain and winds rocking the coastal lowlands that were so much a part of my college summers.
The situation is clearly devastating and very dangerous to everyone involved, which is why I find myself thinking about – hoping – that the loss of life and property isn’t overwhelming.
Still, events like this can be “investable,” which is why I want to focus on a question from Ronald B. asking if there’s anything “we can do” to invest in the “wake” of storms like this one.
Yes – two things, actually.
- Storm related investing requires a short-term orientation and even shorter-term risk management.
- Profitable opportunities are not what they once were because the trade is well understood and computerization so prevalent in today’s markets.
- Longer-term perspective is always more profitable over time than investing “in the moment.”
Until next time,