I don’t like to talk about politics in this blog as it really doesn’t have any impact on retirement or building up a nest egg. However, given the impeachment inquiries going on at the moment and the brawling that is just beginning regarding them, it may be wise to at least discuss whether such proceedings can have an effect on markets. While there is very little data on such matters, the what little info there is doesn’t show that the markets are swayed by partisan happenings on Capitol Hill. For example, the stock market continued to skyrocket during the Clinton impeachment proceedings–driven largely by the dot com bubble. In 1974, however, the stock market did take a small dip right after Nixon resigned, but rebounded in 1975. Therefore, regardless of your political leanings, you probably don’t have to worry about an impeachment ruining your portfolio. That doesn’t mean though, that you shouldn’t keep abreast of current affairs. Also, this is a reminder to keep politics out of your investing decisions when it comes to your portfolio. While some politicians may claim to have the ability to impact the markets, there doesn’t mean that the markets will react as they claim. If anything, you should pay attention to foreign policy moves and economic decisions (i.e. decisions regarding trade pacts, the federal reserve, etc.), which often do impact markets and can have a wide-ranging affect on your investments and portfolio. So, in short, don’t let the impeachment proceedings impact your retirement planning or investment strategy (I don’t think it would anyways).