JR’s Thoughts on Governmental Nonsense

by JR Robinson on October 16, 2013

Until now, I have not felt compelled to comment on the government shutdown, because I figured people are hearing about it constantly in the news anyway.  However, to the extent that client anxiety levels may be rising and people may be looking for guidance, I offer the following quote from a recent advisor commentary piece I read,

“The bottom line here is that there have been and will continue to be many articles and discussions about, “How to play the government shutdown.” The reality is that the impact on the economy and your investments is unknown. Altering your long-term financial plan in anticipation of this or any major economic event is rarely a good idea and I suspect that will be the case this time around as well.”

I could not agree more.  We strive to develop defensive portfolio allocations so that you are never in a position where you must react to or predict the outcome of exogenous economic events.  I am also of the opinion that the media tends to overstate the importance of politicians and their influence over the economy and the capital markets.

For reference, below are a few links to similarly themed articles –

As always, I am available to address concerns individually as well.  Please do not hesitate to call.

Aloha,
John R.

 

Financial Planning Hawaii
2800 Woodlawn Drive, Suite 139
Honolulu, HI 96822
(808)564-0654 or toll free (866)894-3647
Fax (808)697-6714
www.fphawaii.com

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