The "DEBT LIMIT STALEMATE" and Your Investments

Here are several thoughts on the current situation:

Fixed Rate Annuities are not in danger.
Fixed Income (Bond) accounts are not in danger.
The US  will pay its obligations to bond holders.
Stocks are subject to the emotional impact of "Fear Mongering" by the President, Congress and the Media.
We will not have a meaningful Debt Limit Agreement out of Congress any time soon.
The mess in Washington will have a negative effect on economic growth, worldwide.

We are currently reducing exposure to Basic Material stocks and Energy Stocks and Increasing Exposure to Precious Metals stocks and Cash Reserves. 

-JOHN

BOYDSTRATEGY.COM

If you would like John or Rosemarie Boyd to speak to your group or organization on financial planning or investment strategies contact Rosemarie at rboyd@boydstrategy.com or call her at 508-754-3226. The comments on this blog do not represent individual Investment, Tax or Legal Advice, and do not represent an offer to buy or sell any security. Consult the appropriate professional before acting on any idea seen here.