Don’t Panic: Vanguard Just Sent This Email To Its Retail Investors: “It’s likely that this vote will have a global economic impact…”
Mac Slavo
June 28th, 2016
SHTFplan.com
Britain’s decision to withdraw from the European Union has not only rocked the whole of the elite global order, but average citizens the world over appear to be rapidly dumping stocks.
Though equities appear to be rebounding somewhat today, markets in Europe, Asia and the Americas were heavily in the red over the preceding two trading days, which is perhaps why one of the world’s largest investment companies, with some $3 trillion in global assets, just issued the following email to retail investment account holders in an effort to avoid panic selling.
Now that U.K. citizens have held their referendum and voted that the United Kingdom should leave the European Union, what’s going to happen next?
It’s likely that this vote will have a global economic impact. But because it may take time before the full impact is felt, there could be continued uncertainty in the financial markets. And that uncertainty could lead to volatility.
Focusing on what you can control
Even during times of global uncertainty, Vanguard believes in the merits of a well-diversified portfolio that includes both domestic and international assets. Making changes to your plan based on market movements could derail your efforts to reach your goals.
Although it’s difficult during times of market volatility, we recommend you stay focused on the things you can control: creating clear goals, developing an appropriate asset allocation, minimizing investing costs, and maintaining a long-term perspective.
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