Brexit, funds and equities

AnotherJoe

Looks like OP is a drive-by poster

alecm

No not  at all a drive by poster, still here..

some one asked why I care...well the answer is simple, with my EU rights gone I need my substantial pension fund to grow more..to generate the wealth to leave the U.K..

looks like it’s going to do just that as Long as Johnson delivers

bowlhead99

alecm said:

some one asked why I care...well the answer is simple, with my EU rights gone I need my substantial pension fund to grow more..to generate the wealth to leave the U.K..

Presumably your 'substantial pension fund' is not allocated mostly or or exclusively in the footsie index if you are allocating it competently - and if you were aiming to live somewhere other than the UK then having a large proportion of the pot be invested in the FTSE rather than in other world markets would be an even more bizarre choice.

do just that as Long as Johnson delivers

Those frequenting certain websites or with a particular penchant for specialist movies, will be aware that a long johnson can be a great asset.

AnotherJoe

alecm said:

No not  at all a drive by poster, still here..

some one asked why I care...well the answer is simple, with my EU rights gone I need my substantial pension fund to grow more..to generate the wealth to leave the U.K..

looks like it’s going to do just that as Long as Johnson delivers

Why woudl your substantial pension fund be mostly invested in the UK* (which would be the only reason to care)? That would be very poor investing.

* though presumably you mean the FTSE100/250/350, which isnt that UK anyway but has other structural issues.

alecm

Oh it’s not invested in the U.K. exclusively, it’s in three Global  funds through an advisor with old mutual..

Shortly it will Reach a watershed amount   when I will rebalance into a lower risk portfolio, I’m trying to get a “feel” as to what is going on in the financial world, hence the question

I’m 60, self employed and want to stop my contributions..

the ftse tracks after a fashion their fortunes...

Diplodicus

The concern is legit but..
You need also to factor in how else a devalued pound makes you poorer in the world.
For example, two houses on either side of the Irish border:  all else being equal, the house in the North is  worth c 15% less because of the Brexit vote.
Roughly £40,000 worse off. 
Same with your £ pension or salary,

alecm

Indeed..although if the ftse goes up 20%

Thrugelmir

Diplodicus said:

“If UK investors don’t buy shares in U.K. companies then one by one they fall into overseas ownership” - Thrugmir.

Not to disparage such a prolific MSE poster but -  Have we been failing our collective patriotic duty? Or what is being said?

Exactly what it says on the tin. Countries do not own companies. Shareholders do.  Wealth isn't generated by selling property to each other at ever increasing prices. The balance of trade deficit is longer term, funded by selling assets. Same issue that the US is starting to encounter. 

Moe_The_Bartender

It’s nothing more than an assumption that the £ will devalue against the €. It could just as easily go the other way. You can’t base your investment decisions on such things.

alecm

Indeed, I don’t make investment decisions, I take professional paid for advice! I do enjoy speculating on the out come though