The financial markets stumbled out of the gate in 2016, braced for tumult when news of Brexit broke midyear and buzzed late as a captivating election played out. The end result: The markets’ 2016 showing was strong.
2016 had its good days, bad days, anxious days, joyous days, unexpected days. As he does every year, Larry Swedroe followed along with the developments of 2016 and gleaned the lessons from which prudent investors can learn. Swedroe, the director of research for The BAM ALLIANCE, focuses on nine specific lessons from last year — some timeless (active management is a loser’s game) and some timely (don’t let your political views influence your investment decisions).