Keener Financial Planning

Keener Financial Planning is a Fee only Certified Financial Planner in Dallas, Ft. Worth, and Keller, TX. Call us to schedule today at (817) 993-0401.

817-993-0401 | [email protected]

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Should you make changes to your portfolio in anticipation of the debt ceiling “X” date?

May 25, 2023

Debt Ceiling debateWe’re recommending that our clients do not make any portfolio changes based on the debt ceiling issue. We can’t predict the timing of any downturn or subsequent recovery. Even this morning (May 25) when we’re within a week of the X date, the S&P 500* is up a half percent one hour into trading. It may get bumpy and we may see significant drops. Because we only recommend using the investment markets for long-term investments, there’s time to allow the volatility and subsequent recovery. We expect that long-term investors will be better off by tolerating this volatility than attempting to time it and potentially missing out on some really good days.

If you’d like to discuss this further and how it relates to your specific situation, please reach out to us.

*S&P 500 Index source as of 9:30 central Thursday, May 25, 2023 – Yahoo Finance.

Filed Under: Investing, News, Your Finances Tagged With: debt ceiling

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Contact Us

Main Office:

1692 Keller Parkway
Keller, TX 76248

Ph: 817-993-0401
Fax: 817-993-0002

Satellite Office:

2626 Cole Avenue, 3rd floor
Dallas, TX 75201

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