from FREEDMAN FINANCIAL | June 24, 2016

Brexit - The Day After

As you open this issue of Planning Pointers, the global markets will have dropped a few percent in light of United Kingdom's decision to leave the European Union. Prime Minister, David Cameron has announced he will step down in October, and Boris Johnson, the leader of the Brexit movement, will likely take his place. While the "Leave" decision surprised many investors world-wide, the market impact is as expected.

In our opinion, here's what you can expect in the days that follow. Markets will open on a sour note. This a normal reaction as markets don't like uncertainty. The "Leave" decision was clearly a surprise for many. But even with the US Markets poised to open down 3-4%, the media will use words like "plummet", "disaster", "free-fall" and more. Here's the good news. The markets are poised to open at the levels that earlier this month were - not a big deal!!

We will review today's news as a potential buying opportunity if you have cash around. Not for all your cash, but for some of it. Your bond accounts will likely see a positive response, as the demand for high-quality bonds will increase. It too will suggest a "waiting period" for the Fed to announce interest rate hikes. If you're planning to travel to Europe, celebrate; your vacation just got cheaper.

Uncertainty will continue in the weeks to come following yesterday's vote. But it won't lead to cataclysmic movement. If you're invested in a well-structured portfolio; and have exposure to an array of asset classes, you have nothing to fear. Investments are purchased for the long-run. Short-term volatility is normal and expected. Embrace it. Because as history suggests, market pull-backs most often lead to more positive, long term results.

Cheers!

IN CASE YOU MISSED IT

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Time to Review Your Insurance

You could be overpaying or under protected, if you haven't reviewed your insurance policies lately.

Everybody's circumstances change and if you haven't reviewed your insurance policies in a while you run the risk of being under insured or overpaying for unnecessary insurance. With so many types of coverage, it becomes easy to simply pay the bill each year with no thought. Though you owe it yourself to take a good look at just what you need to protect yourself and your family.

The next time your insurance is up for renewal do yourself a favor and review it. Talk to your agent about your circumstances, perhaps you don't need the policy anymore, maybe you qualify for a discount, or maybe your coverage isn't adequate, you'll never know unless you take a look.

Been a While Since you Revisted Your Insurance Policies?

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