Government Shutdown a Concern for Investors, but No Need to Panic

A partial government shutdown began today, leaving plenty of federal employees out of work and unpaid. National Parks are closed, FAA safety inspectors are out of work, NASA is all but closed, even The Smithsonian Museums are shut down. Many Americans worry during this time how the shutdown will effect them, their taxes, and the economy as a whole. @MacroScope Reuters tweeted an interesting chart this morning on the performance of the S&P 500 prior to, during, and after the previous government shutdowns.

While we could be facing a bumpy time during the shutdown and immediately after, it looks alike in most cases the S&P 500 didn’t fair so badly in shutdown situations. The shutdown is going to be an aggrevation, but there is no need to start panicking about investments. Contact your advisor before making any hasty buying/selling decisions during this time. An over-reaction could end up costing you!

Announcing the ASK Campaign for John Bogle


What Would You Ask Vanguard’s Founder and former CEO John C. Bogle If You Had the Chance?

Jim Lange is pleased to offer you the opportunity to ask industry giant, John Bogle, your most pressing investment and retirement questions!

This is an unprecedented opportunity to get advice and recommendations from the founder of the largest mutual fund company in the world.

The Lange Money Hour welcomes Mr. John C. Bogle, of The Vanguard Group, as our special guest, November 28, 2012, at 7:05 p.m. on KQV 1410AM, re-airing the following Sunday, December 2nd at 9:05 a.m.

We are issuing an open invitation to submit your most imperative, difficult, and fretful questions to be posed by Jim, to Mr. Bogle.

Just go to the home page of our website, and click the ASK John Bogle button.

As a thank you for participating in our campaign, we will email you a link to the sound file of the interview as soon as it is available.  In addition, our office will transcribe the interview and provide you with the written transcript that you can refer to at your convenience.

Born in Montclair, New Jersey in May 1929, to a family heavily affected by the Great Depression, John C. Bogle had humble beginnings.  Even as a graduate of Princeton University, he could not have known that one day he would be touted by Fortune magazine as one of the investment industries four “Giants of the 20th Century.” (Warren Buffet, Peter Lynch, and George Soros are the other three.)

Mr. Bogle is the founder of The Vanguard Group, Inc. which started operations in 1974.  From the beginning until 1996 he served as Chairman and Chief Executive Officer.  From 1997 until 2000 he served as Senior Chairman.  In 2004, Time magazine named Mr. Bogle one of the world’s 100 most powerful and influential people.  The Vanguard Group is the largest mutual fund organization in the world and it is headquartered in Malvern, PA.  It’s Vanguard 500 Index Fund, founded by Mr. Bogle in 1975, was the first index mutual fund available to the public.

Don’t miss this once in a lifetime opportunity.

As this particular show will be recorded in advance and not aired live, we encourage you to go to our website and submit your questions to Mr. Bogle, by Wednesday, November 14, 2012. Just click on the ASK John Bogle button to submit your question. Then tune in Wednesday evening, November 28th, to hear your questions answered by one of the industry’s most influential thinkers.

If you can’t tune in Wednesday evening, KQV will broadcast the show Sunday morning, December 2nd, at 9:05 a.m., and it will be available shortly after at, along with the full library of The Lange Money Hour presentations.