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We live in interesting times. But let us worry about that….

6th September 2019

We live in interesting times. But let us worry about that….

We have had a new Prime Minister for only a matter of weeks and Mr Johnson has already polarised opinion nearly as much as the topic that has been front and centre of the nation’s thoughts since David Cameron announced the Referendum back in 2016. ‘Brexit’ has become such a familiar term that it has entered the Oxford English Dictionary and we would suggest that the only word discussed more amongst the British is ‘weather’ (although that seems to generate a lot less friction). However, it does appear that we are coming to the end, with the PM adamant that we will leave the EU on 31st October 2019 with or without a deal.

So, is this a cause for concern?

Firstly, we must emphasise that our role is not to discuss the rights and wrongs of the UK leaving the EU. One would suggest that this is a matter of opinion and on this matter, we offer none. Our main concern is broadly to understand how Brexit, in whatever guise it takes, affects your underlying investments.

So, a better question for us to answer is, should you be worried about your Investment Portfolio? Well, to put it simply, we think not.

Those of you invested through P W White & Partners will have a multi asset, risk rated portfolio. The one thing we can guarantee is that nobody is invested 100% in UK Equities. Using a multi asset proposition means that our investment partners can manage your proposition, to iron out some of the peaks and troughs of the Stock Market. However, overall performance must come with an element of volatility, but that can often offer opportunity.

For example, should we leave without a deal on October 31st, the pound is expected to fall sharply against the Euro. Yet, with most FTSE 100 companies generating their profit from markets outside of the UK, this currency change could be a good thing for them.  

Therefore, whilst there is a lot of heated discussion about Brexit and how it will affect the UK economy, your underlying investments will only have a proportion in UK Equities and as discussed before, many of the Companies could benefit from any change that may occur.

We are not saying that this won’t be a difficult time for the UK, and we are also not saying that Stock Markets won’t be affected by this. What is more important is that we have been discussing the implications of Brexit for many months now with our Investment Partners and we recognise that the best solution is to ensure we are fully committed to a risk rated multi asset proposition.

Therefore, if that is the case, you should spend much more time concerning yourself with how you are going to spend your money in retirement and less time worrying about the overall performance of your portfolio.

Why not leave the worrying to us? It’s what we are good at.

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