We voted to leave the EU by a majority and the markets are reacting with some volatility. Sterling and the FTSE are down and global markets are also reacting.
History and experience has taught us that at times of severe volatility you need to remain invested in the markets, now is not the time to switch out of your investments as you will probably only crystallise losses.
The majority of us are long term investors and as such if we remain in our existing investments the markets will correct over time.
For some of us this is the ideal time to invest cash deposits – to buy into the dips in the markets. You would buy investment funds/portfolios at lower prices than normal and benefit from the correction over the medium to long term.
My key message to all of you is to remain invested through this volatile period. At People and Business, we want you to benefit from our experience and the professional peer group we work with in fund management groups.
We will continue to add further blogs on this subject as the situation becomes clearer.
Should you have any questions relating to your personal circumstances please get in touch.
Steve Speed Dip PFS