How to BREXIT-proof my portfolio?

dividendhero

ermine wrote: »

Since then I bought some IGWD (world eqities hedged to GBP) with my increasingly worthless Great British Pounds in the hope that Redwood, Boris and the bodacious bucaneering brexiteers turn out to be right and once we have gotten rid of the deadweight of the EUSSR our Imperial glory will soar.

Interesting that you bring up the UK's imperial past - looking forward I think future historians will look on Brexit as the death throes of the Empire. Can't see the UK surviving in one piece and can see what's left becoming an isolated backwater - glad I've got my most of my money out now and might well follow it, at least I got enough put aside to buy a visa to most countries

Voyager2002

An interesting read, this. Some expert advice on the original question, and from a surprising source.
https://www.forbes.com/sites/francescoppola/2017/11/12/british-lawmaker-advises-investors-to-take-their-money-out-of-the-uk/2/#49f4af184d45

Malthusian

From the Forbes article:

Let me remind you what the consequences of “hard Brexit” would be.

Let me remind you that the consequences of the Brexit vote were to be an immediate Emergency Budget, with basic rate income tax increased to 22%, 45% Inheritance Tax and further sweeping cuts to public services.

Still waiting.

dividendhero

Voyager2002 wrote: »

An interesting read, this. Some expert advice on the original question, and from a surprising source.
https://www.forbes.com/sites/francescoppola/2017/11/12/british-lawmaker-advises-investors-to-take-their-money-out-of-the-uk/2/#49f4af184d45

Interesting how so many of the wealthy Brexiteers have got their own money out of the UK, wonder if their nanny's advised them to do this or they thought of it themselves?

Also speaks volumes that Boris Johnson has retained his American citizenship...

ColdIron

dividendhero wrote: »

Also speaks volumes that Boris Johnson has retained his American citizenship...

Except he hasn't

IanManc

Voyager2002 wrote: »

An interesting read, this. Some expert advice on the original question, and from a surprising source.
https://www.forbes.com/sites/francescoppola/2017/11/12/british-lawmaker-advises-investors-to-take-their-money-out-of-the-uk/2/#49f4af184d45

Yes it is an interesting read.

Complete bo11ocks, but interesting nonetheless.

:beer:

bostonerimus

ColdIron wrote: »

Except he hasn't

Yeah, when he realized he'd have to pay a big capital gains tax bill to the IRS on the sale of a UK home he decided to renounce his US citizenship. The fact that this came as a surprise to him does not give me much confidence in his ability to run or manage anything.

bigadaj

bostonerimus wrote: »

Yeah, when he realized he'd have to pay a big capital gains tax bill to the IRS on the sale of a UK home he decided to renounce his US citizenship. The fact that this came as a surprise to him does not give me much confidence in his ability to run or manage anything.

It's now very expensive to renounce American citizenship, but obviously worthwhile for boris in this instance.

coastline

The view that the devalued pound has delivered a boost to the FTSE could well be only part of the reason.?
Earnings are forecast to grow in 2017-18 which will put the P/E ratio back to a realistic valuation.

http://www.telegraph.co.uk/money/special-reports/charts-ftse-keeps-rising-can-last/

http://www.telegraph.co.uk/investing/shares/share-prices-running-ahead-ftse-profits/

The US as usual leads the pack and the 2015-16 period was flat for both earnings and the market.
Since then earnings have resumed their upward path and at 145 earnings this puts the S&P on a forward P/E of around 17.

https://pbs.twimg.com/media/DOc2DgqW0AAzi2X.jpg

Interest rate rises haven't always been good for markets and twice in recent decades we've seen falls a year or so later.
The market itself has had a very good run since 2009 but who knows when it will end ?

https://pbs.twimg.com/media/DLuH_5rVAAE_9KR.jpg

bigadaj

coastline wrote: »

The view that the devalued pound has delivered a boost to the FTSE could well be only part of the reason.?
Earnings are forecast to grow in 2017-18 which will put the P/E ratio back to a realistic valuation.

http://www.telegraph.co.uk/money/special-reports/charts-ftse-keeps-rising-can-last/

http://www.telegraph.co.uk/investing/shares/share-prices-running-ahead-ftse-profits/

The US as usual leads the pack and the 2015-16 period was flat for both earnings and the market.
Since then earnings have resumed their upward path and at 145 earnings this puts the S&P on a forward P/E of around 17.

https://pbs.twimg.com/media/DOc2DgqW0AAzi2X.jpg

Interest rate rises haven't always been good for markets and twice in recent decades we've seen falls a year or so later.
The market itself has had a very good run since 2009 but who knows when it will end ?

https://pbs.twimg.com/media/DLuH_5rVAAE_9KR.jpg

It's interesting that there's a forecast of recovering earnings as dividend cover has become very stretched in the uk at least.

In terms of knowing when a stock market run will end then surely a chartist will be able to predict it?