Jun 27, 201602:50 PMFinancial Perspectives
with Michael Dubis, CFP
Market insights from the surprise Brexit vote
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There will be a lot to consider over coming days, weeks, and months, such as trade agreements, changing politics, Scotland possibly leaving the U.K. and rejoining the EU, U.S. elections, bank leverage, other countries wanting to leave the EU, etc. These are just a few of the many moving parts and they’re all big. Imagine how hard this will be to price into European markets! Don’t try to out think the market here; the odds are against you. As I say all the time, create a sensible financial plan and diversified investment plan that matches your unique situation and worldview. This is unarguably more prudent than taking one-sided bets or adjusting the portfolio with emotion or haste.
The good news is that given the British pound just dropped to almost historical lows, a vacation in the U.K. could be possibly the most economical it’s been in years. Not only will you likely have a great vacation, you will help those newly independent brave folks reboot their economy.
MICHAEL DUBIS is a fee-only CERTIFIED FINANCIAL PLANNER™ and president of Michael A. Dubis Financial Planning, LLC. He also previously served as part-time lecturer at the University of Wisconsin Business School James A. Graaskamp Center for Real Estate. Mike can be reached at firstname.lastname@example.org.
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Mike Dubis does not guarantee the relevancy, appropriateness, or accuracy of any outside information or links. Mike Dubis does not render or offer to render personalized investment advice or financial planning advice through this medium. All references that might be made to an investment or portfolio's performance are based on historical data and one should not assume that this performance will continue in the future.
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