June was all about Grandkids
First Priority – Family
Exactly two years ago, we entered the land of retirement. Family has occupied most of our time, but we managed to slip in considerable travel plus my writing, and, of course, my investment analysis.
A bit of a roller coaster on the markets this month with the Brexit vote. The markets tried to guess the outcome of the vote, first by dropping in anticipation of a “No” vote, then gaining with an expected “Yes” vote and ultimately tanking after the actual vote came in “No”. Short term market moves are almost always driven by raw emotion. However in the long run, markets ultimately react to the fundamental performance of the companies on the market. The markets regained their sanity by the end of the month, ending up flat in Canada and a modest gain in the US.
This proves again that “timing” the market is a fools errand. What works over the long haul is “Time In” the market.