Do you take the risk and hold onto stocks/ investments? Or cashout
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Brexit rollecoaster
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Originally posted by diseasex View PostDo you take the risk and hold onto stocks/ investments? Or cashout -
Originally posted by diseasex View PostDo you take the risk and hold onto stocks/ investments? Or cashoutComment
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I cashed out end of November. Fortunately the gains since the referendum in the UK stock market almost made up for the loss due to forex - and I put the money into Swiss/US shares which have more than made for that forex loss.Down with racism. Long live miscegenation!Comment
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FTSE shares are largely immune from Brexit. I have an international portfolio and the FTSE shares I own have gone up in value in EUR since the Brexit vote, i.e. they're doing better than offsetting the devalued pound.
One of my best performing shares this year is a Greek company, which has almost doubled in value over the last 12 months.
I'm alright JackComment
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Originally posted by BlasterBates View PostFTSE shares are largely immune from Brexit. I have an international portfolio and the FTSE shares I own have gone up in value in EUR since the Brexit vote, i.e. they're doing better than offsetting the devalued pound.
One of my best performing shares this year is a Greek company, which has almost doubled in value over the last 12 months.
FTSE 100 7,416.03 positive +0.64%
I guess investors are bullish about all this brexit. Partly due to pound falling. I guess the LSE might be the hit of 2017-2018. Providing there will be no nasty surprises about the economy.
Big risk anyhowComment
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Originally posted by BlasterBates View PostFTSE shares are largely immune from Brexit.Comment
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Originally posted by diseasex View PostFTSE 100 7,416.03 positive +0.64%
I guess investors are bullish about all this brexit. Partly due to pound falling. I guess the LSE might be the hit of 2017-2018. Providing there will be no nasty surprises about the economy.
Big risk anyhowI'm alright JackComment
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Originally posted by BlasterBates View PostIt's not so much that investors are bullish about Brexit but that a lot of FTSE 100 companies are multi-national, so if the UK goes down hill they simply earn elsewhere. Ashtead is a good example of a British company that has expanded so rapidly in the US, it doesn't really matter any more what happens in the UK. Plenty of companies you can invest in outside the UK eg Toyota that have factories in the UK, i.e. just make sure your portfolio is diversified. Many big international companies will be affected to some extent by Brexit regardless of whether they're in the FTSE.Comment
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