With the scrambling media salivating over the drama in D.C. about a potential government “shutdown,” let me again remind you that staying focused ONLY on your personal financial plan is really all that matters relating to your financial peace of mind.
In fact, I’ll provide you with this factoid that you most likely won’t hear or read about in the headlines:
Looking back, we have experienced 18 different government shutdowns in 13 different years. When examining what took place economically following these shutdowns, only once did GDP decrease. And, the last 3 government shutdowns rewarded disciplined investors those years in broad U.S. markets with positive returns of +37%, +23%, and about +32% respectively.
Thus, as I’ve pointed out on numerous occasions, although no one knows where financial markets may go in the short term, making any financial decisions based on entertaining fiascos in D.C. has always been a losing proposition.