Time to sell all non-cash Investments ?

jimjames

zolablue25 wrote: »

Many Brexit campaigners appear to think that it will be easy to make some nice cosy trade deals with the EU but I'm not convinced at all about that.

Having worked through a number of merger and demergers of various companies over the years I think anyone who believes the process will be easy or quick is in cloud cuckoo land. Ultimately I can see it being very expensive and as taxpayers we will foot the bill. The only winners will be the lawyers so get buying shares in law firms if it is brexit.

coastline

Looking at the link below comparing the MSCI World Index and the FTSE All Share you can see the FTSE has underperformed since April 2014.
Reset the time scale to 1 year and the FTSE has underperformed by around 4% which isn't unusual.
The referendum probably didn't get into full swing until late 2015 so its not clear cut that the UK markets are suffering badly.

http://www.trustnet.com/Tools/Charting.aspx?typeCode=NM990100,NASX

What's holding back the UK markets maybe more to do with the big players making up the index such as Banks Mining and Oils.

http://www.iii.co.uk/markets/?type=sectors&period=year&orderby=change

http://www.stockchallenge.co.uk/ftse.php

atush

I think gbp and the LSE will take a hit if we brexit, at least in the short term- due to uncertainty. Markets HATE that.

But I am not selling equities, but am buying USD to cover this years needs for US bills and holidays.

Thrugelmir

Whose to say what else might happen before the referendum.

Mr_Costcutter

sjw11 wrote: »

My IFA has a real bad feeling about the European In/Out vote, and thinks I should put ALL my investments into cash until the hullabaloo is over.
?

I would seriously question allowing someone who is so jittery, to take responsibilty for my investments.
Surely, sound investment is based on research, evaluation of criteria etc - not on feelings.

jamesd

zolablue25 wrote: »

My worry is that the EU may look at the Brexit and try to make it a deterrent to others by playing hardball on trade agreements. ... If it all turned out too rosy, too quickly they know others will be looking to go the same way and the whole EU experiment will go down in flames and too many powerful people have too much of a vested interest to let that happen without a fight.

That's one risk alright, but those other places that know they might want to exit might counterbalance that to some extent. It'd be interesting at least, in Chinese curse sense if no other.

Of course this is in many ways moot so far as brexit voting goes because economics are only one part of it and sovereignty is perhaps the bigger part. Though individual weights will depend on individual voters.

AnotherJoe

redux wrote: »

It seems odd to me that the would be exiters are so split between those who could get a new trade deal as easy as anything and those who evidently don't believe in free trade at all and want all kinds of unilateral tariff and other barriers.

Can you point to any of the latter?

Glen_Clark

redux wrote: »

those who evidently don't believe in free trade at all and want all kinds of unilateral tariff and other barriers.

They only believe in free trade where it suits them. The Tories are supposed to be in favour of free trade, but want to keep EU farm subsidies, and housing market interventions to benefit landlords. Agricultural land prices, after a spectacular rise from QE, have since fallen on the possibility of Brexit.