An Update For Our Clients In Tactically Managed Fee Based Accounts
In what was a surprise to the global financial markets, the people of Great Britain voted to divorce themselves from the European Union on June 24th. This was the major news of June, and the financial markets reacted dramatically based on emotions.
Rest assured we did not, nor will we, let our emotions rule our investing decisions on our client’s behalf. While this could have started a negative trend in the markets, a few days did not indicate a long term trend. We, along with the institutional managers we partner with, will continue to monitor the markets, and, if need be, move back into cash from stocks like we did last July through February of this year. Until then, we plan to stay fully invested in stocks for the dividends and bonds for the interest generated.
