[video] Quick Take: Ignore Congress
NEW YORK (TheStreet) -- Now that the U.S. government has finally come to some sort of agreement, investors can begin to move on.
Scott Hanson, co-CEO of Hanson McClain, told TheStreet's Gregg Greenberg that investors with a long-term time horizon shouldn't let the drama in Washington shake them from their investment goals.
Although the debt-ceiling issues will continue to plague the headlines in the future, those looking to retire in 10 years or more have quite a bit of time remaining, he said.
Even then, they'll only be taking a small chunk of those funds when they do retire, he added.Hanson stressed that investors should learn to better understand themselves and get a feel for what their risk appetite is. Once that is figured out, they should invest accordingly. He suggested that financial advisers look at their clients' whole picture, and not just their investable funds. This includes their mortgage and debt, kids' college costs and other potential expenses. Hanson concluded that there will be other financial storms in the future and investors and their advisers need to know how to weather them. He added that higher-quality advisers lead to better results. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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