Will the shutdown drag down your investments? - KYTX CBS 19 Tyler Longview News Weather Sports

Will the shutdown drag down your investments?

Posted: Updated:
TYLER (KYTX) -

Fears over the continuation of the government shutdown have a lot of people re-assessing their investments and the potential risks involved.

"I'm an everyday citizen,' Ricky Harper of Tyler said. "I work every day. I want to be retired pretty soon. You never know. Down the line it could affect many Americans."

Since the government shutdown, a lot of people have predicted another recession. But we're not there yet.

"It hasn't gotten to a point at which there's blood in the streets," Brandon Johnston said.

Johnston is the First Vice President of Investments at Wells Fargo Advisors in Tyler, so he watches these things closely. He said the shutdown is a reminder to check on your investments.

"It's good to re-evaluate where you stand from an allocation standpoint and from a risk management standpoint," Johnston said. "And do the proper things within a portfolio. I like to call them lifeboat drills."

Johnston said the economic tailwind going into the shutdown should be enough to carry us through unless the shutdown stretches on.

The debt ceiling--and the need to pass a bill addressing it--is has made October 17th somewhat of a deadline. After that riskier investments could take more of a beating.

"We're pretty confident that we will see a resolution before the deadline and that they'll get this resolved," Johnston said.

No matter what kind of investments you have, you should not make any decisions without receiving personalized advice from a professional.

  • Local NewsMore>>

  • UPDATE: Thomas Liles indicted on tampering with physical evidence in Quitman toddlers death case

    UPDATE: Thomas Liles indicted on tampering with physical evidence in Quitman toddlers death case

    Tuesday, September 16 2014 5:20 PM EDT2014-09-16 21:20:10 GMT
    Thomas Liles (photo: Wood Co. Jail) Thomas Liles (photo: Wood Co. Jail)
    UPDATE: QUITMAN (KYTX) - A Wood County grand jury has indicted Thomas Wayne Liles on a charge of tampering with physical evidence after his girlfriend's children were found dead July 24, 2014.More >>
    UPDATE: QUITMAN (KYTX) - A Wood County grand jury has indicted Thomas Wayne Liles on a charge of tampering with physical evidence after his girlfriend's children were found dead July 24, 2014. More >>
  • Obama outlines expanded plan to fight Ebola

    Obama outlines expanded plan to fight Ebola

    Tuesday, September 16 2014 5:03 PM EDT2014-09-16 21:03:55 GMT
    (Photo: Mandel Ngan, AFP/Getty Images)(Photo: Mandel Ngan, AFP/Getty Images)
    Calling Ebola a threat to both global health and national security threat, President Obama said Tuesday he is sending 3,000 troops to West Africa to help contain the deadly virus and prevent it from spreading to the United States and across the globe.More >>
    Calling Ebola a threat to both global health and national security threat, President Obama said Tuesday he is sending 3,000 troops to West Africa to help contain the deadly virus and prevent it from spreading to the United States and across the globe.More >>
  • Peterson's attorney responds to new allegations he injured another son

    Peterson's attorney responds to new allegations he injured another son

    Tuesday, September 16 2014 9:18 AM EDT2014-09-16 13:18:09 GMT
    HOUSTON (KHOU) -- New accusations against Adrian Peterson come from another mother who has another four-year-old son of Peterson, and also involve Peterson striking his boy as a form of discipline.Peterson's attorney Rusty Hardin responded with the following statement:The allegation of another investigation into Adrian Peterson is simply not true. This is not a new allegation, it's one that is unsubstantiated and was shopped around to authorities in two states over a year ago and nothing came...More >>
    HOUSTON (KHOU) -- New accusations against Adrian Peterson come from another mother who has another four-year-old son of Peterson, and also involve Peterson striking his boy as a form of discipline.Peterson's attorney Rusty Hardin responded with the following statement:The allegation of another investigation into Adrian Peterson is simply not true. This is not a new allegation, it's one that is unsubstantiated and was shopped around to authorities in two states over a year ago and nothing came...More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.