Brexit RamificationsSubmitted by Fulcrum Wealth Advisors on June 24th, 2016
And now after Brexit……… As Fulcrum Wealth Advisors’ clients have been aware, for the past two-plus years, our stance on the financial markets have been one of caution, if not an outright concern, and the current vote by the British to leave the European Economic Union has done nothing to alleviate these concerns. What does Brexit mean to Us? To be candid, we simply do not know the depth, time, or even direction the world markets will take in the days and weeks that follow. What we do know, historically, market reactions to “unknowns” usually cause gyrations and reverberations that can last for “a while”. We, therefore, continue to counsel our clients to “stay the course” as we have been articulating, continue to be cautious, and therefore we will let the markets calm before we suggest, (if we suggest) any further portfolio decisions. We continue to avoid the off-shore markets and raise cash when appropriate. Our Investments remain concentrated in U.S. markets, and in some cases, Alternative Investments. We continue to expect that returns for the year will be basically level to 2015 returns. Looking forward, the U.S. elections may continue to roil the financial markets, but this too shall pass. We suspect the Federal Reserve will continue to be accommodative, especially this late in an election cycle. In all, patience is the key to investing, now, and in the foreseeable future.