Given the events overnight, the guidance from Lovewell Blake Financial Planning is as follows:
We feel at this juncture investors should keep calm and not panic as there is not yet enough information available, as to how matters will develop, at this early stage.
The pound has already fallen against a basket of worldwide currencies, and we do not know what action the Bank of England may take to deal with this.
FTSE opened down over 500 points at commencement of trading and since staged a recovery to a deficit of 270 points by 9.40 am.
Ripples from the UK Brexit decision could impact upon the global economy and there could be an input of further liquidity by worldwide governments.
If clients do wish to sell their investments we will provide every assistance. They must be aware, however, that they will be consolidating losses and could lose out if markets rally. There is then a question as to at which point do they re-invest.
We have guided clients through many market setbacks, the dotcom meltdown and the banking crisis to name but two. Investors who have been patient have enjoyed the recoveries that followed the setbacks.
This position is echoed by leading fund management groups.
Please contact us
if you require further guidance on this issue.