So, let me get this straight... the leader of the opposition campaigned to stay but secretly wanted to leave, so his party held a non-binding vote to shame him into resigning so someone else could lead the campaign to ignore the result of the non-binding referendum which many people now think was just angry people trying to shame politicians into seeing they'd all done nothing to help them.
Meanwhile, the man who campaigned to leave because he hoped losing would help him win the leadership of his party, accidentally won and ruined any chance of leading because the man who thought he couldn't lose, did - but resigned before actually doing the thing the vote had been about. The man who'd always thought he'd lead next, campaigned so badly that everyone thought he was lying when he said the economy would crash - and he was, but it did, but he's not resigned, but, like the man who lost and the man who won, also now can't become leader. Which means the woman who quietly campaigned to stay but always said she wanted to leave is likely to become leader instead.
Which means she holds the same view as the leader of the opposition but for opposite reasons, but her party's view of this view is the opposite of the opposition's. And the opposition aren't yet opposing anything because the leader isn't listening to his party, who aren't listening to the country, who aren't listening to experts or possibly paying that much attention at all. However, none of their opponents actually want to be the one to do the thing that the vote was about, so there's not yet anything actually on the table to oppose anyway. And if no one ever does do the thing that most people asked them to do, it will be undemocratic and if any one ever does do it, it will be awful.
Clear?
That's exactly my point. If their view is that investing is about the long term and this stuff doesn't matter in the long-term, why invest energy in activities (the weekly market commentary) than simply distract from (and possibly hinder) the core message?
I'm not hear to promote our offering, but uninformed opinions which seem to dominate this AAM site call for a fair response.
Is it bigger than 9/11 for a true globally diversified investor?
Or bigger than the credit crisis?
Of course not.
If you're trying to make a few bob for your summer holidays punting Bank of Ireland, then it's huge, but in such circumstances, you are a speculator rather than an investor.
Is it bigger than 9/11 for a true globally diversified investor?
Or bigger than the credit crisis?
Of course not.
If you're trying to make a few bob for your summer holidays punting Bank of Ireland, then it's huge, but in such circumstances, you are a speculator rather than an investor.
Our Featured Article titled [broken link removed]aimed to make that point. And the point remains valid. Brexit may have an impact on the stocks and funds I listed in that article, but it's unlikely to have any lasting impact, in my view.
I'm not hear to promote our offering, but uninformed opinions which seem to dominate this AAM site call for a fair response.
I dont understand where you are coming from here. The short term impact of Brexit on Sterling and shares is not what all the fuss is about. If that was all there was to it then you would be right.
However Brexit means that the Uk is now going to set about dismantling its existing trading infrastructure, all the legal, economic, and cultural supports that underpin its existing trade and replace all that which who knows what.
It may all work out for the best, they may develop new better trading arrangements, but that is in the realm of hope. What is reality is that they are going to dismantle the existing arrangements.
And the uncertainty will drag on for at least two years.
The US was in recovery mode a week after 9/11. Brexit will not even happen for two years. It will be an incomparably bigger deal in terms of trade.
Where I'm coming from is that seismic events happen reasonably regularly, and a globally diversified investor with a medium to long term time horizon has nothing to worry about in respect of Brexit.
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