ICR092 - How Brexit will affect your investments

In this episode of Informed Choice Radio, Martin talks about how Brexit will affect your investments.

How Brexit will affect your investments

When the United Kingdom voted to leave the European Union last week, investment markets reacted with sharp losses.

The British Pound experienced its biggest one-day selloff in recent history. It fell from $1.50 against the US dollar to around $1.33 in the space of one day.

The FTSE 100 index of leading UK company shares opened sharply down last Friday, before finishing the day down by 199 points or minus 3.1%. And it wasn’t just UK equity markets that suffered. The S&P Global Broad Market Index lost $2.08 trillion on Friday.

However, the FTSE 100 index has finished June at a new high for 2016. The index ended June up by 4.4% during the month.

This was its biggest monthly gain since last October and was helped along by strength in its commodity sector and also company shares with international exposure.

Martin spoke to some investment experts to find out how Brexit will affect your investments.

His first conversation was with Ben Kumar.

Ben is an Investment Manager at Seven Investment Management and a CFA Charterholder.

Martin asked Ben about the immediate impact on investment markets of the referendum result and what we might expect to see from bond and equity markets over the coming weeks and months.

Martin also spoke to Chris Fleming.

Chris is Financial Analytics Director at Distribution Technology, the firm we use for risk profiling and asset allocation here at Informed Choice. Chris has also completed the Chartered Financial Analyst (CFA) qualification and heads up the Investment Committee at Distribution Technology.

In this episode, Martin explains how volatile markets remind us about the fundamentals of investing success; diversification, long-term investment goals, the fallacy of market timing, linking your portfolio to your financial planning goals, and investing within your capacity limits. 

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Martin and Informed Choice Martin Bamford is a Chartered Financial Planner, Chartered Wealth Manager and SOLLA Accredited Later Life Adviser. As Managing Director of Informed Choice, the award-winning firm of Chartered Financial Planners in Surrey, he is responsible for nearly £200m of client assets. Martin is the author of several bestselling personal finance books and produced his first feature-length documentary in 2014, about the post-war Baby Boomer generation in retirement. “Bamford excels at making even the dullest topics interesting” – Pensions Management Visit www.icfp.co.uk to find out more about Informed Choice, or follow us on Twitter at www.twitter.com/informedchoice.