Is the world coming to an end? Not unless you are 100% invested in cash, fixed income or US$. Some may not even want to check your investment accounts now. What about your retirement plans? What about all your real estate holdings? Is FI even possible now? It is truly Black Friday with possibly an even worse Black Monday to come
The best thing to do is to stay calm. The best course of action is sometimes do nothing. History has proven again and again that financial markets are resilient and will eventually recover (maybe after dropping a few thousand points further). Also remember, this is also a great time to pick up bargains!
I am a big fan of history. Another thing to learn is that the common and lowly people have spoken. World leaders and even the most powerful corporate CEOS and senior management need to learn (and be humble). Blessed are the meek, for they will inherit the earth (Matthew 5.5).
I think the best comment I have read came from Viktor Orban, the Prime Minister of Hungary, who basically said that the Brexit issue was decided by the issue of migrants or a vote against human migration. He further said that the ideal number of migrant coming to Hungary is ZERO. Note that I am totally against it, but it is the truth.
Fast forward to November 2016 to the U.S. Presidential elections between Hilary Clinton and Donald Trump. Trump may now have the upper hand because of Brexit. There are similar sentiments around the world from a minority of people who are fed up of seeing their country being taken over by immigrants and or migrants . And they will rise up , vote and be counted.
