It's almost impossible to trade on a US default - so here's what investors should do instead, according to Bankrate's senior economic analyst

• Making bets on a debt crisis would be nearly impossible, Bankrate's senior economic analyst told Insider.
• There's too much uncertainty in the near term and lack of precedence to try and trade on a US default.
• Instead, investors should maintain a long-term approach, build emergency funds, and pile into high-yield savings accounts.

Investors would be ill-advised to make bets on a potential US default, according to Bankrate senior economic analyst Mark Hamrick. 

He told Insider that selecting assets or repositioning a portfolio based on a possible outcome on the debt-ceiling stalemate involves a high degree of uncertainty, given the lack of precedence.