February 24, 2024

Who said that?

Florida's quote of the day

| 3/27/2020

"These moments show you whether you’re an investor or speculator."

-- Mike Salmon of Moisand Fitzgerald and Tamayo in Orlando

Central Florida financial planners are telling clients to stay the course in the stock market, even as coronavirus fears have plunged Dow Jones and other markets to historic losses.

In fact, some say buying might be a smart move right now because the markets tend to rebound from catastrophic events, with the Sept. 11, 2001, terror attacks and the 2008 economic crisis serving as examples.

“There is a giant ripple effect, especially in Orlando. That is the hardest part," said Marisa Bradbury of Sigma Investment Counselors. “Many are just worried about how to pay next month’s bills. But if you do have money invested and you are maintaining a long-term outlook, you have to ride it out and hang on.”

Read more at the Orlando Sentinel

Florida Business News

Florida News Releases

Florida Trend Video Pick

Mobile food truck provides fresh, free fruits and vegetables in Progress Village
Mobile food truck provides fresh, free fruits and vegetables in Progress Village

Hillsborough County and Feeding Tampa Bay are partnering with a local organization to provide healthy and fresh food in Progress Village. The Grow My Giving Mobile Fresh Market truck will provide free fruits and vegetables twice a month through at least September.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Are you better off financially than you were one year ago?

  • Yes
  • No change
  • I am in a worse financial situation
  • Unstable finances/On shaky ground

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701

© Copyright 2024 Trend Magazines Inc. All rights reserved.