It’s always important to let the dust settle when major events like the Brexit vote actually happen. What do we always say?
One-off events like this are a dangerous time as people react to major market shifts and end up selling low and having to buy back in high. As can be seen by our market yesterday up 24 pts and the resilience of the Australian dollar against the USD and GBP (0.74 against the USD and 0.55 against GBP) we need to be careful and review our longer term strategy. Let the market do the work for us. Market timing is difficult for experts let alone anyone whose main business in not investment.
Please note that this is not advice – simply good information!
We encourage you to call our office to discuss any of the content covered in the Brexit commentary above. Please contact us today on (02) 8188 0148.
DISCLAIMER: The above information is commentary only (i.e. our general thoughts). It is not intended to be, nor should it be construed as, advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Before making any investment decision you need to consider (with your financial adviser) your particular investment needs, objectives and circumstances.