BREXIT Impact on Retirement Portfolios – Long Term
The bottom line, if you have a well-diversified strategy in quality investments stick to your plan. Adjust as you would normally be based on your plan and do not make any sudden or emotional changes.
There will be many more equivalent volatile events over the next few years. Investing for the long term means you need to be prepared for this volatility and invest accordingly. If you had spare cash available, you have already missed the window to take advantage of the downturn.
Timing the market is almost impossible for the average investor. Most people are far better off investing for the long term in blue chip dividend-paying stocks across a diversified set of companies.