Impending Debt Ceiling Crisis Threatens US Economy and Veterans' Benefits.

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Source: CNBC
Impending Debt Ceiling Crisis Threatens US Economy and Veterans' Benefits.
Photo: CNBC
TL;DR Summary

As the federal debt ceiling "X-date" approaches, investors are advised to avoid emotional selling during market volatility, watch for buying opportunities, and maintain cash reserves. Experts suggest keeping at least 12 months of portfolio distributions in cash to avoid selling assets when the market is down, and to mitigate the emotional and financial effects of events like the debt ceiling standoff. While it's tough to predict how the stock market may respond to the coming debt ceiling negotiations, investors can take steps to prepare for potential market dips and take advantage of buying opportunities.

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