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Jun 27, 201602:50 PMFinancial Perspectives

with Michael Dubis, CFP

Market insights from the surprise Brexit vote

(page 2 of 2)

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 financialperspectives@gmail.com.

Disclaimers: This article contains the opinions of the author. The opinion of the author is subject to change without notice. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This article is distributed for educational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products or services described in this website or that of the author’s.

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.

THIS COMMUNICIATION MAY NOT BE USED BY YOU AS A RELIANCE OPINION WITH RESPECT TO ANY FEDERAL TAX ISSUE DISCUSSED HEREIN AND IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY YOU FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON YOU BY THE INTERNAL REVENUE SERVICE.

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About This Blog

It is an understatement to say the world has experienced a radical shift in capital markets. There are more layers of information and opinions on the direction of the world than we've seen in decades. The internet and the media do not always make it easier, but Michael Dubis' contribution through IB blogs will help you sift through the noise and give you some perspective. You can find his company online.

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