When the Going Gets Tough…The Tough Get Disciplined

 When the Going Gets Tough…The Tough Get Disciplined

ID-10020806October 17, 2013 is the day that the U.S. Treasury has indicated it will exhaust its ability to work around the debt ceiling limit of $16.7 trillion (which was reached some months earlier).  Today (October 16) the U.S. stock market is in rally mode on hopes of a political compromise.  Interest rates (for example the U.S. 10-year treasury note at yield of about 2.7%) also indicate the markets expect this to be settled.  The internet is alive with speculation that any settlement will extend the debt ceiling through next January or February, while Washington negotiates over the budget.  So the budget and debt issue is not going away.  We can expect periodic bouts of market volatility as this plays out over time.  Such an environment is one where an investor needs the discipline of their plan as per a written investment policy statement (see our post on this political stalemate and investment discipline dated October 7, 2013).

October 16, 2013

Authored by: T. Taylor Payne, CPA/PFS, CFP®

Direct Phone: 812-602-6301

Email: ttpayne@paynewealthpartners.com

The Payne Wealth Partners team has DEEP knowledge and is dedicated to using that knowledge to help make clients’ lives better.

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The information in this material is only as current as the date indicted, and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.

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