"This time is different. I think they (Wall Street) should be concerned." ~ President Obama on government shutdown and debt ceiling crisis.
It doesn't appear that the budget and debt ceiling stalemate will be resolved without causing market volatility. This may the be catalyst that causes a 10% market correction that I've been anticipating for the over a year. The decline may be as much as 20% which is just a little more than happened in 2011.
Should the market correct, I am prepared to increase the amount funds that we have in equities, through managed accounts, commission free index ETFs, and dividend paying stocks
For more on The Practice of Personal Finance, check back every Wednesday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
November Income – $5214.58
6 days ago
No comments:
Post a Comment