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06/30/2016 - Brexit Update

You are invited to take a look at some information that was recently passed on to us from our broker/dealer, cfd Investments.  This is an analysis of how Britain leaving the European Union might affect American markets and my clients in particular.  Feel free to pass this along using the share button.

If you have accounts that are not being overseen by an adviser at this point, it may be a good time to have a review of your current investments and discuss your options moving forward.

HISTORIC DAY FOR BRITAIN - BREXIT AND ITS IMPLICATIONS

excerpts of an email by Kregg Rooze, Creative Financial Designs

"Contrary to what most experts predicted, Britain's population has spoken (well...voted) to leave the European Union.  This was a vote that many in the UK did as a result to get back their independence, specific to immigration, trade, rights, and overall not having to always follow what the European Union votes to do.  The UK financial cost is yet to be seen and it will perhaps be pretty ugly for their country for the next two to three or more years it might take to unwind.  This will be interesting looking from the outside in to see how it's all handled by all members.

Specific things to consider:

  • The Britain vote was significant, as they see it as a vote for their continued or renewed independence.
  • This vote will spook the world financial markets in the short-term. However, most investing is not meant for the short-term.  The UK represents nearly 4% of the world GDP.  The European Union combined is nearly that of the U.S. so if dominoes start to fall, more significant changes will likely occur.
  • This will not be resolved overnight. Likely negotiations will occur (although I'm reading most say "the vote is the vote" and it has been decided, but I doubt that personally).  The Britain exit will likely take 2, 3 or more years to unwind.  Since we haven't seen it, we really don't know.  More unknown.
  • This gives other opposition parties in all European countries a new life in their respective political campaigns. Meaning, we're likely to hear from more opposition parties upon future votes in other European countries.  This will bring more volatility in the future during elections.
  • Creative Financial Design's managed portfolios (one of the third party money managers utilized by Faith Investment Services) have been on the conservative side of our risk measures for some time. We will not be increasing risk in the short-term and you'll likely see subtle additional measures to reduce risk.  Our international investing has been less than the Ibbotson recommendations for several years now.  This will continue.
  • We (CFD) do have other portfolio options for clients overly concerned about long-term financial market effects.
Full Article

Faithentry

by Kathi Dunlap

It has been very easy to talk to friends and family about Britain's vote to leave the EU.   "Brexit!"   It is a simple catch-phrase combining Britain and 'exit' that says it all.

Well, I'd like to coin a phrase as well.  It may not catch on quite as quickly, but I can try:)   "Faithentry!"  This combination of Faith and 'entry' suggests that this might be a good time to allow us at Faith Investment Services the opportunity to 'enter' your financial conversations.  Are you in a lone-ranger position where you are trying to figure out the world financial situation on your own?  Are you relying on news pundits and talking heads for your advice?  Are you allowing fear to overpower faith?

Perhaps it is time to pick up the phone or jot an email and ask for a no-obligation consultation. "Faithentry" could be a historic day for you:)