While the events that have taken place in Washington D.C. had pushed the markets lower by a few percentage points, the major U.S. indices have already come rocketing back, some even setting new highs.
Understanding what your time frame is and developing a filter for what you allow into your decision making process is extremely important. Just like the decisions that our elected officials make will have a long-lasting impact on present as well as future generations. The emotional reactions investors take within their portfolios can have just as important of an impact on their financial goals and their personal ability to reach them.
Joseph “Big Joe” Clark, whose column is published Saturdays, is a certified financial planner. He can be reached at firstname.lastname@example.org or 640-1524.