All Episodes

October 14, 2025 13 mins

The U.S. government has shut down—again. Headlines are screaming panic, markets are twitching, and the noise is deafening. In this episode, we cut straight through the hype and break down what actually matters for your money, your investments, and your long-term plan.

Most investors make the same costly mistakes during events like this—panic selling, chasing cash, abandoning strategy, or freezing in fear. We explain exactly how to avoid those traps and why government shutdowns are political theater far more than economic crisis.

You’ll learn:
– How government shutdowns historically impact the market
– Why emotional investing destroys long-term returns
– Short-term vs. long-term mindsets during financial uncertainty
– Smart portfolio moves (and what NOT to do)
– How disciplined investors use volatility to build wealth
– Why sticking to a plan beats timing the market

We also connect this topic to real financial planning principles—including liquidity strategy, investment discipline, and behavior coaching—so you know exactly what to do next.

If you value clarity over noise and strategy over fear, you’ll get a lot from this conversation.



Call Us:
To schedule a conversation, visit https://www.keystoneadvisors.com/contact or call 614-300-9501

Send us a text

----------------------------------------------------------------------

Disclosure: Information contained in this podcast is for entertainment and informational purposes only, and should not be considered as financial advice. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”), an SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. Keystone Financial Group and PCA are separate, non- affiliated entities. PCA does not provide tax or legal advice.

Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Announcer (00:00):
The financial huddle does not provide tax, legal,
financial, or other professionaladvice.
Listeners are encouraged toconsult with their own advisors
in these areas.
Alright, everybody, huddle up.
Plague ball z.
This is the Financial Huddle.
Ready?

Ed Beemiller (00:14):
Welcome, Huddlers and Huddler Nation.
Back for our next episode ofthe Financial Huddle podcast.
As usual, I got my cohort here.
Mr.
Ryan Fleming.
Hey everybody.
And Mr.
Brian Manier.
What's up, Eddie?
Yes.
All's good.
All's good in C Bus.
Today's topic is an extremelycurrent event, and we thought uh

(00:37):
we should kind of weigh in alittle bit, and you know, as we
do in all of our podcasts,promoting financial literacy and
trying to make sense out of uha lot of things that are
happening in in the financialworld or you know, economy or
and you know what types ofthings should we be doing or not
doing.
And so in this case is lookingat the government shutdown, how

(01:00):
does this impact you, meaningyou know, our clients, people
out there, and should you beconcerned about these current
events?

Ryan Fleming (01:10):
How long is it gonna last?

Ed Beemiller (01:11):
Exactly.
So with that, we'll we we justwe'll start off with a couple
little facts.
You know, this is the stattime.

Brian Minier (01:20):
We're going stat time early this time.

Ed Beemiller (01:21):
Early, early and early and often.
Um in some of these things,looking back, we're gonna take
the last 50 years, there havebeen 21 government shutdowns.
And the average period of thatshutdown has been 8.25 days.
Now one every other year.

(01:44):
This was yeah, this wasinteresting.
You know, the longest was 35days, and this just happens to
have occurred during the currentpresident's first term.
Oh so is that potentially howmany days?
35.
Okay.
Is that potentially indicativeof what we could be looking at

(02:07):
here?
Um, you know, but most of thesehave been extremely short term.
And you know, with that beingsaid, when something's very,
very short term, human natureoften gets involved, you know,
when we're looking at investorsand we're looking at clients,
and we we tend to overreact.
You know, not that any of usdo, you know, in terms of that.

(02:28):
Never.
But, you know, I I kind ofequate it to you know a lot of
people like, well, what does agovernment shutdown mean?
I mean, how's that impactingme?
You know, going to, you know,here locally in Columbus, going
to an Ohio State football game,you know, stadium's open, the
fans are in their seat, and thenthe teams don't take the field.
And they don't take the fieldbecause the coaches can't agree

(02:48):
on a game plan.
You know, that's theequivalent.
That's the equivalent thatwe're dealing with here.
It's not gonna go.
You know, a couple partiescan't agree to hop out of the
state, but they couldn't do it.
I'd hop out in point.
Yeah, Ryan, why don't you jumpin a little bit and tell us, you
know, what we're recommendingor you know, what all this
really means.

Ryan Fleming (03:08):
Yeah, I just think it's uh we just want to make
sure you adopt the rightmindset, you know, in in in
these times of turmoil oruneasiness um relative to
government shutdowns.
What I wanted to do, I I justwrote down a few short-term
mindsets and the the risksassociated with um dealing with
the government shutdowns thewrong way.
So I'm just gonna hop rightinto it.

(03:29):
Uh you know, one of the one ofthe biggest risks that a lot of
people take uh during agovernment shutdown is just
panic selling, is what I wouldcall it, you know, where they
just they react to all theheadlines and the buzz and they
go into their portfolios andthey just start selling
everything to cash.

Ed Beemiller (03:46):
Human emotions.

Ryan Fleming (03:47):
Yeah, yeah.
And and that leads into what wewould what I would call like
chasing safety.
Um and what I mean by that isjust you know moving too much
money into cash or you know,overloading liquidity.
Um, you know, and when you dothat, you you miss these big
rebounds sometimes.
You know, I remember early onin my career, I remember the
market had a big flash down, andthen like that following

(04:08):
Tuesday, it was the highestone-day rise in the market in
the history of the stock market.
You know, if you miss too manyof those, that's gonna have a
major impact.
So, you know, a lot of peopledo that.
We don't want to have thatmindset of you know chasing too
much safety.
Um, sometimes people do theopposite.
They freeze, um they freezeshort term, waiting on the
sidelines until things quoteunquote feel right.

(04:30):
Um again, I think Brian mightspeak to some of this as far as
like why that long term is not agood thing, but a lot of times
people freeze and they try totime it perfectly.
And the last one that I wrotedown as a short-term mindset
during like a shutdown is umwhat I would call like
over-rotating, or what thatmeans is like selling equities,
um, putting too much towardsfixed income, or or you know,

(04:53):
you know, when when yields arelower, you know, you you kind of
over-rotate and you and youmove too much to safety.
So that that might make senseto most people, um, but there
are some people out there thatdo that a lot.
Yeah, one little headline, andboom, that you you you deviate
from the plan.

Ed Beemiller (05:08):
Yep, yeah.
And and the situation can be alittle bit different depending
upon each individual, becausethe people that are really truly
financially impacted are thosefurloughed employees, or if
you're a company, owner of acompany that does a lot of
contracting business with thefederal government, you are
seeing, you know, a furloughedemployees, you're not getting

(05:30):
paid.
And and I've heard, once again,it could just be noise, but
typically they would retroactivepayback for those furloughed
employees.
I've I've heard noise comingout of the current
administration saying they'renot going to retroactive trying
to force the other side,obviously, to settle and approve
uh a budget moving forward.

Ryan Fleming (05:50):
Yeah, yeah, those things I just talked about are
more for like just your yourgeneral population.

Ed Beemiller (05:56):
Yep.
Yeah, but you're right.
I was uh my wife and I just gotback from an anniversary trip
and the shutdown.
Well, congrats, brother.
Well, appreciate that.
How many years?
26.
That's amazing.
Halfway to 52, maybe.
That's right.
33 and counting.
Yeah, you're you're the you'rethe elder.
I'm the elder statesman.

Brian Minier (06:14):
But as we were returning, the the shutdown had
already started, and we werevery appreciative that the uh
TSA employees were actuallythere working, knowing that they
were not going to get get paid.
So we were very thankful thatthey were there.
So it's interesting, Ryan, asyou're talking about some of
these short-term mindsets, andthis was very similar to some
conversations I had, if youremember, last fall when the

(06:37):
election was taking place.
And I had a client that to yourpoint, you get emotional.
And I remember he was he said,I want to move a hundred
thousand dollars out of mybrokerage account, I want to
move it into cash.
And I begged him, don't do it.
Like it this is a very sporadicemotional decision that you're
making.
And he's like, No, I'm gonna doit.

(06:57):
And since the election, we weknow the market has been very
favorable.
He's lost out on some growth.
Oh, it's still in cash, yeah.
It's still in cash, he stillhas not made that money.
And so those uh quick emotionaldecisions can have an impact
because you get emotional, youget scared.
Yeah, and it was the same thingback in the fall with you know,
whatever uh candidate youwanted, you were having concerns

(07:20):
that the other one was going toget elected.
So I want to speak more from awhat does this mean long-term?
What long-term approach shouldyou take as you're thinking
about what's happening in in theuh government right now?
Some long-term mindsets that Ithink are important areas.
The first one is recognizingshutdowns are more political
than economic regime changes.

(07:41):
They're good conversationpieces, they're not the basis of
how you should determine how toinvest your retirement.
And that's a really importantaspect.
Same thing with the election.
People are I got into this,what am I gonna do?
Does it matter who's elected?
They're conversation pieces,they're not a basis of how you
should pick your retirement.
Another one is stayingcommitted to an investment plan

(08:04):
or strategic asset allocation.
If you work with us, we'd havedifferent investment options,
but what we stick to a lot oftimes is what is the evidence
behind the investment?
And do we talk more aboutactive management or more
sticking to the strategy that'sgoing to follow what the overall
market is doing?
And so the basis of what howyou pick is what do you think

(08:26):
the market is going to do?
And is this shutdown gonnareally have an impact a year
from now, five years from now,ten years from now?
Yeah, and so that mindset Ithink is really important.
Staying committed to that plan,using volatility as
opportunities.
Do you want to buy when it'slow or do you want to buy when
it's high?
Low.
Buy low, sell high, brother.
What do people typically do?

(08:48):
Opposite, yeah.
The opposite, right?
Because they get scared, theyget out, oh, the market's good,
I gotta get back into it.
Yeah, Warren Buffett, the bestat yeah, best at that, man.
Right.
And so when you have thoseopportunities, when let's and
who knows?
Right now, we're in the middleof the shutdown, the market is
actually improving, which kindof weird.
Who knows what will happen ifthe shutdown continues, who

(09:09):
knows what will happen in thenext week or so.
But right now, the market seemsto be pretty favorable.
But if it does go down becauseof this, then maybe that's an
opportunity to buy more.
And then maintainingdiversification across different
asset classes, sectors, that isjust wise, prudent ways to
invest versus trying to puteverything in a certain stock or

(09:32):
a certain handful of stocks,because if if those don't
cooperate with you, then yourmoney is is at a lot at a lot
more risk associated with it.
So I think it's it's just agood basis, it's a good time
period when this is going on tojust ask yourself, what's my
long-term plan?
What am I what am I trying todo with this long term?
And does this really impactthat for the long term?

Ed Beemiller (09:54):
Yeah.
And and you know, when we talkabout if you've truly been
impacted financially, as wetalked about furlough employees,
those types of things, it stillgoes back to that long-term
plan.
Because we we would say, allright, you should have three to
six months of liquidity.
Well, it's for those types ofthings when you have these life
interruption events.

(10:14):
Events that occur during yourlifetime, yeah, that you don't
have to, once again, you don'thave to panic.
Yeah, and hopefully for thoseemployees, the government
employees that were impacted bythis, hopefully they had that
three to six months or whateverit is established.
And some of them probably know,they're probably conditioned
that hey, if you're getting intothis job, there the reality is
gonna happen.
Well, we just said it's goingto happen.

(10:36):
21 shutdowns in the last in thelast two years.

Brian Minier (10:38):
So you go into this knowing every couple years,
there's a possibility.

Ed Beemiller (10:43):
There's a strong possibility.

Ryan Fleming (10:44):
And that's where we got the that bucket plan we
talked about, you know, now,soon and later bucket, right?
So if you got if you got yourbuckets organized right, you
don't need to panic.
Yeah, and and this is wherehaving a a good coach, a good
confidant, a good financialprofessional to hold you
accountable, to to communicatewhat's going on, can keep people
staying the course and not getemotional.

Ed Beemiller (11:06):
That's part of our jobs is yes, we're supposed to
give good information, we'resupposed to give strategies, but
part of what we do is just keepour clients on track.
We're kind of psychologists ina way, and in some regards,
making sure that sometimes talktalking them off the roof,
right?
Right.
Like, hey, no, don't jump.
That's right.
Don't jump.
Just do what you're doing.

Brian Minier (11:23):
That's right.

Ed Beemiller (11:24):
Yeah, that's right.
Yeah, so that that's really,you know, when we talk about
this, is you know, stay thecourse.
You know, this this is aquasi-political event that
occurs, as we said, every coupleyears.
Financial planning is amarathon, it's not a sprint.
So don't overreact to things,stay the course, have regular

(11:48):
communication with us, with yourfinancial planners, with the
professionals that you'reworking with.
If you have uncertainty, youknow, don't allow yourself and
your emotions to take control ofthings.
And, you know, that's part ofthat, like I said, is just
ongoing regular communication,you know, with your financial

(12:08):
professionals.
And that's that's really themessage we wanted to get out
here today, is just to kind ofgive you a general overview of
of this current event, uh, youknow, government shutdown.
And could it last another twoweeks?
Maybe.
Could it be could it could itbe over in a tomorrow?
It's it's possible.

(12:29):
Tortoise in the hair, man.
Tortoise in the hair.
You never know, but a lot ofnoise, but stay the course.
Yeah, exactly.
Exactly.
So we're gonna end it there.
Huddlers, as always, we greatlyappreciate the time, whether
you are listening or watching onYouTube.
Uh, once again, if you can getthat, spread the news.

(12:49):
You know, let other people,friends, if you if you found
this valuable, let them knowwhat we're doing.
You know, it's all gonna comeback to what we're really trying
to do.
You know, our purpose here isinformation, financial literacy,
talking about you knowdifferent topics in a very you
know normal manner, yeah.
Uh a manner in which people canunderstand.

Ryan Fleming (13:11):
When you're educated, you make better
decisions.
Yep, exactly.

Ed Beemiller (13:14):
And we want to help.
There we go.
Until next time.
Cheers, everybody.
Hundler's out.
Advertise With Us

Popular Podcasts

Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

The Bobby Bones Show

The Bobby Bones Show

Listen to 'The Bobby Bones Show' by downloading the daily full replay.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2026 iHeartMedia, Inc.