In the following "stuff" means your long-term positions in shares of domestic and foreign companies that supply markets around the world.
So what happens to my portfolio if we fall off the fiscal cliff? That's the question of the day for investment professionals like me. My answer; it depends on you.
The stuff you own will either stay in your possession while short-term traders, panic-stricken ex-long-term holders, and long-term opportunists bargain the price of your stuff all over the map--or, you'll become a panic-stricken ex-long-term holder.
And, indeed, there's no shame in becoming the latter. But if that's to be you, you have to make yourself this promise; when the dust settles, when (or if) it occurs to you that regardless of tax rates or regulations, there remains a world of opportunity for smart-run global franchises, you won't beat yourself up. For, at the end of the day, peace of mind is priceless.
Watch these two again, both are very pertinent to today's market:
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