ARBOR WEALTH: Welcoming neighbors to the Feast of Flowers

Published: Thursday, August 1, 2013 at 16:37 PM.

Protecting tourism is paramount for Florida’s economy, unique among American states. With an estimated 90 million visitors a year, Florida is the largest tourist destination in the world (official state website). The industry has a $67 billion impact annually here, a number that is about twice the total GDP of Vermont. Oil spills here carry grave economic consequences. 

In 2012, Florida’s economy grew at its fastest pace in the last six years. Floridians, financially crushed by the decline in home values, are now seeing those values slowly escalate again. Our ability to manage this economic rebound with sound fiscal planning is vital to Florida’s future.

We hope our new neighbors will grow to love and care for it as we have, and to contribute to its GDP while utilizing its services.  For us, it is home.

As the late John D. McDonald wrote of Florida in 1986, “Tacky though it might be, its fate uncertain, too much of its destiny in the hands of men whose sole thought was grab the money and run … it was still my place in the world. It is where I am and where I will stay …”

Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, a fee-only registered investment advisory firm located near Sandestin.  Arbor Wealth specializes in portfolio management for clients with $250,000 or more of investable assets.

 

 



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