TITLE

The New Nationalism: Anyone Seen Godzilla?

AUTHOR(S)
Walker, Lewis J.
PUB. DATE
August 1998
SOURCE
Journal of Financial Planning;Aug1998, Vol. 11 Issue 4, p44
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the author's opinion on the lack of attention being given to international affairs among Americans in 1998. The deaths of comedians and singers and the demise of television shows like Seinfeld overpower international developments when it comes to attention. Colin Campbell, editorialist for the Atlanta Journal/Constitution, theorized that all those preoccupations may explain why we, investors, et al, keep getting surprised by foreign crisis. They were there all along, but we were not paying attention. That is why chuckles are in order when pseudo-futurists predict that boomers will turn to the Internet, E∗Trade and Quicken to do their financial planning. When it comes time to get serious, boomers and pre-boomers will continue the current trend--turning to credentialed advisors for the experience and help they require. There is not one book on the best-selling-book list--fiction, nonfiction or business--dealing with power politics, world affairs or global matters. Even 30-minute network news broadcasts dedicate less than half the time to hard news, most coverage concerns the body and commercials. Planners have long reminded investors that the Chinese symbol for crisis and opportunity is the same. We suspect that advisor-guided money is still well diversified. While investors poured into U.S. growth funds at a strong clip, how many noticed that through May 31, 1998, the DJ World Index sans U.S. was up +18.9 percent. Investors and advisors need to keep their eyes on Europe.
ACCESSION #
988340

 

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