Brexit - Stay Calm and Carry On
Britain’s vote to leave the European Union seems like it should be a strictly local affair – not something to make Americans nervous. But in fact, it may well have something to do with us.
Motley Fool has laid out several ways this vote could affect us: lower mortgage rates, better credit card rates, and the possibility of lower gas prices are some of them.
For investors, the fear is that this vote will continue to cause uncertainty in the markets. However, experts such as Moody’s Analytics predict that while the trouble in the U.S. markets would probably continue in the short term, the vote would not necessarily cause any real damage to the economy.
The best course of action for any investor is to heed the morale-boosting advice of the “Keep Calm and Carry On” posters displayed in Britain during WWII. As Ryan Sweet of Moody’s pointed out, “The U.S. economy has weathered larger shocks than Brexit already this year.”
Talk to your investment advisor about the Sensible Middle Ground of Investing and how best to weather any possible storms the Brexit vote might cause.
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC
Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website: www.davidlerner.com
Connect With Us