Is Investing Like the Weather or Climate Change?

With recent Tweets, President Trump started a firestorm from the scientific community explaining the difference between climate change and weather. In this ColoradoBiz Magazine article, Kevin McNab explains how climate change, weather, and investing are similar.

On Jan. 30, I got a text from my sister in Kalamazoo, Michigan. Stuck in the middle of the polar vortex, her thermometer read 38 degrees below zero. I gave her some sympathy, but mockingly replied (as brothers will do) with a picture of the sunny, 48-degree day we were experiencing in Denver.

Just two days earlier, President Donald Trump tweeted, “In the beautiful Midwest, windchill temperatures are reaching minus 60 degrees, the coldest ever recorded. In coming days, expected to get even colder. People can’t last outside even for minutes. What the hell is going on with Global Warming? Please come back fast, we need you!”

This caused the scientific community and news organizations to vigorously explain the difference between weather and climate. As this was going on, it occurred to me that the psychology of investing is very similar to our climate and weather…READ MORE!

 

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Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.