As this was written, our market had fallen dramatically due to the market upheaval caused by Britain exiting the European Union (EU) (aka Brexit).
For those that did not react to our June market letter that suggested a “dual strategy,” (Take a major portion of your current balances and allocate them into bond funds and cash. Become aggressive with future contributions only.) we now wish to share some important support levels.
17000/17100 16800 16500
If you have not taken action, you may wish to move into safer investments if the most bottom support (16500) is violated, especially if you are nearing retirement or just risk adverse.
As always, we encourage you to contact our office for an individual review of your account.