Home > Education > Market Volatility > Federal budget proposals and their effect on investment strategies Federal budget proposals and their effect on investment strategies WATCH: Every year there is a lot of fanfare when a U.S. president submits their budget proposal for the upcoming fiscal year. The media jumps into action, predicting what this proposal will or won’t do for the economy and telling you how to invest your money based on what changes the budget may bring. This can cause people to engage in emotion-based investing decisions – like selling stocks and getting out of the market. There can be misappropriation about the federal budget proposal and its effect on investment strategies. Remember that a presidential budget proposal is just that, a proposal. It’s not law. Congress is the only branch of government authorized by the Constitution to make laws for spending and taxes. As the saying goes, “The president proposes, Congress disposes.” That’s why having a long-term investment plan, one that lasts longer than a four- or six-year political term – and sticking with it – is so important. So the next time that you’re concerned with the news out of Washington, call your financial advisor. Talk with a Financial Advisor No Cost. No Obligation. FirstName LastName Email Phone ZipCode AssetRange Investable Assets Less than $100,000 $100,000 - $250,000 $250,000 - $1,000,000 $1,000,000 - $3,000,000 More than $3,000,000 I prefer not to answer By clicking submit you are agreeing to our Terms of Use and Privacy Policy. Schedule Your Free, No Obligation Consultation Find An Advisor You May Also Like: Video The Stock Market Is Not the Economy Read More Article How to Keep Emotions Out of Investment Decisions Read More Video What is the Proper Role of Your Financial Planner? 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