Hey awesome Wealth Chefer – how should you feel about Brexit
I guess deep down I should have guessed this would be the outcome. After all we are coming to the end of a WE cycle and entering a ME cycle again.
In hindsight the signs have been glaringly obvious as around the world the separatist voice gets louder and the likes of Trump and his cohorts get more airtime and momentum as they shout about our differences and wall building as though that’s a new idea!
This cycle has happened throughout time. Swinging from the WE to the ME and back to the WE typically taking around 25 years for each swing. For us humans all this swinging from one paradigm to the other brings a range of emotions. As we go through the arc of the swing we collectively experience feelings of stability and certainty and this is usually reflected in the financial markets and economic growth. Then as the pendulum passes through the middle and nears the edges of the arc along comes volatility, fear and confusion as one era ends and another begins.
Never the less, like millions of people around the world I was stunned when I woke up to the news that the once Great Britain had chosen to become Little Britain. Popping onto FaceBook my feed was full of despair and worry. My Financial Freedom University clients were asking what they should be doing with their investment portfolios and wondering how to handle the currency volatility which is such a foreign experience for the pound.
So I jumped onto The Wealth Chef Facebook page and recorded the following video for you about how to handle this storm so as to ensure your financial wellbeing is protected.
I discuss what is happening on the stock markets and what you should be doing now. I cover currency volatility and explain that it most certainly isn’t all bad news, and how a weaker currency is often a great opportunity and I also discuss other far greater risks to your investments that you need to be aware of and how to protect yourself and your money from these.
Let me know your thoughts and any questions you have in the comments below the video and I’ll do my best to answer them and in the words of Donald Tusk, the President of the European Council, remember …“This is a historic moment, not a moment for hysterical reactions”
STAY CALM, HAVE A CUPPA TEA AND PROTECT YOUR MONEY FROM YOU BY DOING NOTHING RIGHT NOW!