Compensation & Benefits for Law Offices

Domestic stock indices in June and July fell notably across the board. Two of the biggest losers in July were the Wilshire 5000 Equal, which dropped 11.37 percent, and the S&P 500, which fell 11.92 percent. Foreign indices dropped precipitously, with the international MSCI EAFE falling 13.04 percent in the past year. Looking at yields over the long term, the barometer by which retirement holdings should be judged, domestic stocks did well over the five- and three-year periods. But diversification to limit overall risk is needed. Over the 10-, seven-, and one-year periods, five-year Treasuries outperformed bonds and five-year GICs. Over the five- and three-year periods, five-year GICs took the lead.