The United Kingdom has voted to leave the European Union triggering financial markets that had priced in ‘remain’ yesterday to move dramatically this morning and overnight.
This outcome was bound to cause financial uncertainty, the financial markets will recover in time and investment portfolios should always be regarded as a medium to long term home for your wealth.
Financial markets are moving so fast, it is difficult to assess the impact on investment portfolios in the short-term, in the long-term investment portfolios generally recover losses and provide the potential for a higher return than cash.
The message now must be not to panic, do not sell, this will cause a loss. By remaining invested you will benefit from future recovery.
Market volatility can be unsettling, if you would like to discuss your investments, please contact Michael Seagrove to arrange a free, no-obligation meeting.