As the celebrations of our independence on the 4th of July wind down, we are still very much reminded of our interdependence with the evolving Brexit fallout.
It’s ironic that 240 years ago we declared our independence from Great Britain and today find ourselves very much impacted by their decision to leave the European Union. After the vote was announced last week, world markets, including the US stock market, dropped steeply.
The main reason the markets dropped was because of uncertainty. There was no immediate change to anything, the markets reacted to the unknown as they often do. Only time will tell the real impact of Great Britain’s decision to leave the EU.
As an investor, we are all too familiar with the fallout that uncertainty creates. Volatility has become the new normal as we wait to see what events will rattle the markets. That’s why it’s more important than ever to have an investment strategy that deals with market volatility, without exposing you to unnecessary risk. It’s especially important if you’re at or near retirement.
If you’re unsure if your current plan is properly positioned to weather the ups and downs of the market, then it may be time for a financial review. Our complimentary, no obligation financial reviews have helped many people get a clearer picture of their financial future. Remember, the independence of our great country is also about the preservation of your own personal independence in retirement.