Where do the global equity markets stand 1 week after the vote? The chart below shows that the broad global equity markets are close to where they started.
That is not to say that it is smooth sailing from here on…it will NEVER be that in the short term…never.
Those that have cash flow or lump sum needs or have less need for growth (over age 80) should consider their exposure to ‘risk assets’ such as equity.
Your average 5 year target rate of return will help determine your exposure to equity BUT for the time being I suggest about 10% EXTRA weighting to cash or short term investments.
The views expressed do not necessarily reflect the opinion of Argosy Securities Inc. This does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. Please consult a professional before making an investment decision.