CHICOPEE, Mass. (WWLP) - Investors need not factor the DC Debt debate into their money decisions.
Raymond James financial adviser Mark Teed told 22News there's too much anxiety over a political event, and you need to remember what happened this week when the next debt deadline hits.
"Make sure you don't transfer the anxiety you felt this time to February fifth, because you know what's going to happen. Nobody's going to meet. Nothing's going to happen until the first, and then the same anxiety's going to build up again. You're going to have to go through the same exercise. So think long term,” Teed told 22News.
Teed advises against making financial decisions based on panic and emotion.
He said the overall investment picture is pretty good right now, with the stock market near its all time high and interest rates staying low.