By Lionel Yeo
One of my friends is American, but lives and works in the UK. Even though he couldn’t vote in the referendum, he fought really hard for the “Remain” campaign. In the days leading up to the vote, he even started handing out flyers.
Well, he was obviously disappointed.
Now that Brexit has happened, he’s not sure whether he should continue living in the UK. When I lamely suggested that he could always move back to the US, he said, “Well, not if Trump is going to be President!!”
I’ve deliberately held off from blogging about Brexit because:
- Too many people are talking about it; and
- Events like these make people do dumb things with their investments
Don’t get me wrong – Brexit IS a big deal. There’s tremendous uncertainty surrounding the future of the EU, the UK, and it shows how economic resentment can swing politics in irrational directions. (Are you listening, USA?)
However, it’s just not that a big of a deal for your investments.
What Did You Do When Brexit Happened?
The Brexit referendum was announced on June 23. In response, markets plummeted. The GBP crashed. Everyone ran around in circles, waved their hands in the air and screamed “AHHHHHHHHHHHHHH!!”
You can totally see the effects …read more