How will a potential government shutdown affect your portfolio?
There is potentially another government shutdown coming on March 1, 2024. If this does take place, keep in mind it is only temporary. Your favorite National Park might be closed or you might not be able to get things from the government if you’re a government contractor. In the end, businesses continue to run, people keep going to restaurants, and people keep buying essentials.
During the last shutdown in 2019, the S&P 500 actually gained 10.3%. The companies that are inside our investment portfolios aren’t affected that much by government shutdowns. It’s unfortunate that because of the political climate over the last decade, they’re willing to take the US government to the brink to get what they want politically on both sides of the aisle. As investors, we are not concerned about government shutdowns, and you shouldn’t be either.
Casey Smith
President, Wiser Wealth Management
Listen to Our Podcast:
Recent posts
Share This Story, Choose Your Platform!
Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.
Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.
To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.