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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Post BREXIT investment dangers and opportunities

chinese-oppIt is often said that the Chinese symbol for the word “crisis” is formed of the elements representing “danger” and “opportunity”. If we are now in a post Brexit crisis, as many believe, here are my thoughts on reducing dangers and making the most of opportunities.

But first take a look at my pre Brexit blog. My nervousness about the outcome proved to be well founded and the general guidance to take a more cautious investment stance and make sure that your emergency funds were still adequate was spot on.

So where do we go from here?

CASH RESERVES – If you didn’t take pre Brexit action it is not too late. No funds you will need in the next three years should be exposed to stock market fluctuations. If necessary cash in some investments now.

IGNORE THE NOISE – I know it is difficult but it’s bad news that sells newspapers. If you are a medium term investor and have sufficient cash reserves just ignore the noise and stick with your strategy.

PAY ATTENTION – In difficult times you just need to pay a little more attention. If your chosen fund manager(s) are not performing well against other fund managers in their sector then make a change. I only hold funds in the Hargreaves Lansdown Wealth 150 list. If the experts have narrowed down more than 2,500 funds to 150 top managers who am I to argue?

REDUCE FEES – In difficult times it is even more important to make sure that fees are not eating into performance more than is necessary. If you are using a Financial Adviser ask him for a detailed fee breakdown and then negotiate. If he is not earning his fees think about moving to one of the “non-advice” platforms such as Hargreaves Lansdown. Guidance from The Investment and Retirement Coach programme on transferring funds is available just by clicking the “request more info” box on the right or here.

SHORT TERM TRADING – Don’t confuse a medium term investment strategy with short term trading which is aiming to make money out of the market volatility. There is no harm in doing some short term trading with “fun” money.  If you would like to know more about my “fun money” strategy just pop “short term trading” in the contact me box. There is money to be made. A buy and sell in the immediate post Brexit week returned 3.5%. Not bad for five days.

MAKE THAT PENSION WORK – There are billions of £s languishing in expensive, poor performing, pension plans. If times are going to be difficult at least make sure your existing funds are working as hard as they can. The Investment and Retirement Coach Pension Consolidation Strategy can guide you through the process simply and safely. Just pop “consolidation strategy” in the contact me box.


Finally make sure you get blog updates by clicking the box below and please, please share this with friends or colleagues who you think would benefit.

 

IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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