MMP163: Brexit – What Next?
So, the UK voted leave the European Union. Whatever your view on this, we are where we are. But what does it mean for your pensions and investments? That’s what I’m going to attempt to cover in this week’s show.
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Brexit – what next?
I’ve been intentionally quiet on my views about Brexit. For what it's worth, I voted to Remain and am disappointed by the vote. I’m not wallowing in self-pity though – it’s time to move on. It remains to be seen what our leaders will do. Will they pull their fingers out, put aside their personal agendas and grasp the nettle? We’ll see.
I want to look at what we know about the future, and what we don’t but more important what you should and shouldn’t do in light of the decision to leave the EU.
In this session, you'll discover:
- Why I'm still pretty bullish about the UK economy – we're coming from a pretty good place
- That there's a world of value to be had for investors outside the UK
- Why I hate the media's reporting, particularly of market movements
- Why diversification is still the best strategy
- Why you should hold your nerve
- That there may even be opportunities in the volatility, if you have money you're prepared to lose.
- Why you should always focus on the long term
- Why you should review your portfolio, and what might trigger you to change things.
You know that Ill never sugar-coat what I think is happening. Too many of you are tuning in, and too many of you know where I live for me ever to tell you anything other than what I perceive to be true.
Finally remember that unlike the journalists touting scare-stories all over the media, I have to sit at my clients’ kitchen table and look them in the eye wheel I tell them that their portfolios have dropped in value. I also get the joy of telling them that their dreams need not be parked for the foreseeable future because we have planned for the volatility. I am doing this day in, day out, watching the markets, reassuring clients who trust me with £120 million or so of their money.
Resources mentioned in this week's show
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Work with Pete: Click here to find out more about how you and I can work together directly
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