Milestone Financial Planning, is advising investors to do nothing and not make any knee-jerk reactions while the markets are unstable post Referendum.
The reaction of the markets and media to the referendum result is causing many investors to feel a sense of unrest leading them to make rash decisions about their money.
Michael Heath, Director of Milestone, advises investors to sit tight and warned: “It’s likely to be the worst time to pull out of any investments or funds without incurring significant avoidable financial loss. While you may temporarily feel better to have done something, it leaves you with no plan for the future.
“It’s worth remembering that capital markets have been encountering and absorbing shock news for centuries and actually have a history of working marvelously well in the long run.”
He added: “These are the sorts of events we have in mind when we prepare and manage our client’s portfolios. Our aim is to expose you to the market risks and expected returns you need for building or preserving your wealth, while minimising over-concentration in any one holding. That way, you are best positioned to weather a market crisis. Like the one we’re currently experiencing. If you’re having your doubts, please, please sit tight for now.”
If you are unsure whether your portfolio is prepared for the post referendum result, get in touch with Milestone Financial Planning’s expert team of independent advisers who can help you understand and manage your portfolio’s risk exposure.
For a no fee, no obligation meeting contact the Milestone team on 01246 903053.
Top Rated Financial Advisors
