Since our commentary on June 24, 2016, markets have rebounded modestly, with the S&P 500 closing yesterday (Wednesday) up almost 2%. The markets in London, Japan, Germany and Hong Kong were also up slightly.
With the first half of the year behind us, many of the concerns worrying the markets continue to persist and hold our attention, with new uncertainties taking center stage in the wake of the Brexit vote.
We believe building wealth and keeping up with the markets over the long-term require the investor to stay invested and to rebalance their portfolio by adding during market dips and trimming in areas after strong market run-ups.
In April, the Department of Labor issued a ruling that has significant implications for investors at all levels. Although the ruling faces challenges before its official implementation in April 2017, chances are good that it will survive in some