Suez Canal Block

Did you know that the first stock market was founded in Amsterdam at the
beginning of the 17th century? In 1602, the Dutch East India Company
began issuing bonds and shares of stock to the general public. This had
never been done before and was made possible by the accumulation of
wealth following the Black Death and the increased globalization of
economics. The stock market has always relied on global trade, and
today's market is no different.


The blocking of the Suez Canal by the Ever Given on March 23rd, just like
the spread of COVID-19, is an important reminder of two things:
First, we often think of stocks as point numbers on a screen, but they
represent real goods, services, and, most importantly, people. When we
invest, we need to think about the impact of our investments on the people
behind the screen. Who are you investing in?


In that same vein, both events remind us how fragile our worlds are. This
is why we stay vigilant and invest in the long haul.
If you have more questions about Socially Responsible Investments,
please check-out the article below and give me a call, so we can help ensure
your portfolio matches your values.

The cost of the Suez Canal blockage

By Mary-Ann Russon

BBC

March 29, 2021

Learn more

Blocked Suez Canal Is Latest Reminder Why Companies Need Crisis Plans

By Edward Segal

Forbes

Mar 27, 2021, 02:15pm EDT

Learn more

Boats And Bull Markets: Indicators Of The Week

By Cardiff Garcia & Stacey Vanek Smith

NPR

March 26, 2021, 05:50 PM PST

Learn more

What Is Socially Responsible Investing (SRI) and How to Get Started

By Arielle O'Shea & Alana Benson

Nerd Wallet

April 19, 2021

Learn more

Waddell & Reed has no affiliation to the sources referenced and any comments and/or opinions mentioned are those of the authors, not Waddell & Reed.  This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. There is no guarantee that any forward-looking statement will come to pass. Investing involves risk and the potential to lose principal. Investment decisions should always be made based on an investor’s specific objectives, financial needs, risk tolerance, and time horizon.  Diversification is an investment strategy that can help manage risk within your portfolio but it does not guarantee profits or protect against loss in declining markets. Investing involves risk, including the potential loss of principal.

(05/21)