“When it comes to your investments and Brexit, think of it like a marriage and the accompanying vows:for better, for worse, for richer, for poorer, in sickness and in health,” urges Michael Heath, Director of Milestone Financial Planning.
He added: “Almost everywhere we turn, we’re seeing headlines referring to the “post-Brexit” environment, whereas we’re actually post-referendum. To imply we are in a post-Brexit environment is like stating that a newlywed couple is enjoying a post-marriage honeymoon. In reality the actual Brexit is likely to be playing out for years to come; only then will we be truly post-Brexit.”
He added: “The markets react to each new piece of information thrown out by the media. Sometimes these knee-jerk reactions end up being accurate, at least in hindsight; often, they prove to be irrational or just plain wrong. The reality is the UK is currently in a chronic state of uncertainty.”
In light of this, this quarter and ongoing, Milestone Financial Planning’s independent advisers are encouraging clients to continue focusing on a long-term relationship with the market.
Michael advises: “Your ‘partner’ has their moments – that’s for sure, but you can expect happier outcomes by tolerating their tempers and abiding by solid investment principles: remaining globally diversified, absorbing risks in pursuit of expected rewards, managing costs, and staying true to your goals.”
If you have any questions about your portfolio’s performance, or would like independent financial advice on your financial plans and goals, get in touch with the Milestone Financial Planning team on 01246 903053.
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