Government Shutdown Day 22

Written by Donnie Nguyen

January 12, 2019

The S&P 500 is now down only 12% from its highs set on September 21, 2018. My gut feel is that we’ll be back at all-time highs before the end of the year. But then again, I felt that way in 2008. What happened then? The market tanked into 2009 and the U.S. and world was on the brink of economic collapse. So I’ve learned to be very cautious following my gut when it comes to the market.

Today the fears are the longest ever U.S. government shutdown. According to Wikipedia, the shutdown started on December 22nd, 2018 and is in it’s 22nd day as of today 1/12/2019. I read a recent article that federal workers are starting to collect unemployment benefits.

What’s an investor to do? As in my last article, I don’t see any reason to veer from my plan. Rather than trusting my gut, I’m going to trust over 100 years of stock market data. What that data tells me is that long-term investing is one of the best ways to increase my wealth. So I’m going to stick with it.

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Let me know how you guys are handling this market? Share your thoughts by commenting below.

Disclosure

I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing), and I have no business relationship with any company whose stock is mentioned in this article.

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