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Investing Specialists

Fiscal Cliff: Not Bailing Out, but Buckling Up

'I don't plan to sell any (let alone all) of DividendInvestor's stocks in fear of what could happen during the next two months,' says editor Josh Peters.

Note: This article is an excerpt from a recent message to Morningstar DividendInvestor readers from DividendInvestor editor Josh Peters. Click here to learn more about DividendInvestor.

For nearly eight years now, I've tried to spend as little time talking about politics in these updates and our monthly issues as possible. (Despite my effusive enthusiasm for politics on a personal level, my ideal level of political content in DividendInvestor would be exactly zero.) I see no professional value whatsoever in embracing any partisan points of view, and as far as I can remember, the only issue on which I've ever made a stand is that dividends and capital gains should be taxed at the same rate--whatever the tax rate may be. Alas, we've moved into an era where it's almost impossible to form views of the economy or the financial markets without taking politics into consideration. I guess this is part of the price we all have to pay for failing to resolve the country's fiscal problems five or 10 years ago when it might have been a lot easier.