Inspired by a couple of liberal-type commenters who are pulling money out of the stock market because of it (many because they fear default and attendant pretty widespread upheaval in their way of life).
What about you? Are you assuming continuity enough to keep your retirement funds where they are? If not, what are you doing about it? What about non-money matters?
I’m leaving my money where it is. I may buy a little if the Dow comes down some more.
I moved all my funds in my 401k-like program out of the stock market until the debt limit thing is resolved. Plus I’ve been in a shitty mood for the last 10 days.
Well, I finally have an excuse to not spend an hour on hold with the IRS… and if the shutdown carries through the tax filing deadline of the 15th, that would be just peachy with me. I can catch up on all those calls later.
But you were asking about investments. I’m not changing anything right now. I’ll do my usual quarterly assessment of my portfolio at the end of the month and see if any rebalancing needs to be done. If stocks do take a hit, then I’ll be buying.
To the shutdown, mild happiness because I’m hoping it’ll harm the GOP for a generation to see them become more and more crazy.
Default, I’m not too worried about it. I guess I have faith in Boehner to do the right thing and allow a floor vote. There would be no trouble getting 218 votes in the house from both parties to avoid a default, as long as Boehner allows a vote.
I’m assuming/hoping the business community and chamber of commerce agrees to fund Boehner if he averts a default and pisses off the know nothings. So right now I’m not too worried about it.
I don’t have any money to worry about; much of my 401K went away in 2008. However, I have been 18 months without an income, and my disability case isn’t making any progress during Boehner’s paid vacation, so I might make it to the homeless shelter yet.
My reaction to all this is belligerent sarcasm, of course, and some worry about what a default could do to our very early recovery, but mostly just plain old repressed rage, Minnesota style.
I’m grinding my teeth every time I read the news, but otherwise I’m not doing anything particularly special.
Business as usual on the Dry Lake.
Besides the lives of the Tea Part morons passing before my eyes, I’m not doing anything.
I figure that people with a lot more money to lose than me are calling these morons and telling them that if they want to get a cent that is not from the Koch suckers they had better not let the default happen.
Whatever I may lose is a small price to pay to watch the republican party self destruct.
Same here.
I’m a little worried about my job, though. My company does a lot of federal government business, and that side almost completely dead now. We hear really bad things from people in those divisions. I hope it doesn’t cross over into my group, which does commercial business.
I won’t let the terrorists affect my way of life.
I’m mostly feeling irritated, though somewhat fearful.
I have a job in the private sector, but we do contract with the federal government (Medicare specifically). Although they said Medicare is exempt from the shutdown, it’s not. Medicare claims processing is exempt. However, any operations or data infrastructure or clarification on guidance - anything not related to simple reimbursement - is not currently functioning, which means that the information on their sites is out of date and they’re not accepting new data until the shutdown ends. Also, we have no access to clarifying information from Medicare, so could be processing things incorrectly or developing programs incorrectly, which means we may have to rebuild everything when it opens. That really sucks because we were waiting on some very key information that was not released before the shutdown.
Heh - I guess I’m not the only one seeing it that way.
My money has been out of US stocks since before 2008, and I sure as hell am not putting it back in any time soon. I am really afraid that the US recovery from 2008 is far too fragile still to endure a long upheaval like the Congressional Tantrum; when the US falters, the rest of the world falters, too.
I think the chance that the debt ceiling doesn’t get raised is very small, so I’m not too worried.
I haven’t moved any money. I’ll continue to make my normal 401k investments. If the stock market tanks, I’ll rebalance into it. It’s a long while before I retire.
The shutdown hasn’t affected me personally at all.
Personally it’s pissing me right off. But, other than ramping up my twitter trolling I haven’t done much about it.
LOL. I am not in any way a “liberal type”. Yes, as of yesterday morning my portfolio is fully in cash. I think it would be stupid for the market to tank substantially in case of a temporary debt increase rejection, but then no one ever accused the market of complete rationality.
As for non-money matters, I don’t think any of it is going to be affected.
You didn’t already change all your money into gold after Obama got elected?
I approve of the self-destruction of the GOP, but I’m really worried they are going to take down more than just themselves.
I’m planning on voting against every. single. incumbent. on the federal ballot for the next four years, regardless of party. We need to get these blowhards out.
I work for government - just not the US federal government. And I’ve been thinking more and more about what government services really are essential and how such a political standoff would fare in my location. I am sure my job would be deemed essential but realize many friends would not fare so well.
I haven’t made adjustments to my investments yet. I am due for the big annual portfolio review next week and could see adjusting investments to favor more international investments in countries where governments are not locked in a temper tantrum.