Why avoiding the news is good for your wealth

Category: Business & financial planning

Unless you live on another planet, you will have found it rather hard to avoid the latest twists and turns in the ongoing political drama that is Brexit. But if you can avoid Brexit, it could be good for your finances.

Much has been made of how terrible the uncertainty and ongoing political wrangling is for business, much has been made of job losses as large corporations close down sites or move operations to plants outside of the UK.

What we really want to know is how will the markets react in the event of a deal, no deal or a new referendum.

If you have any understanding of history and markets you will realise that we have absolutely no idea how the markets will perform or react, particularly in times of particular instability and huge societal and economic shifts.

If anyone tells you differently they are lying to you. Anyone who tells you that they can predict outcomes with any degree of certainty at this time should certainly not be entrusted to safeguard the long-term financial and life success of you and your family.

But while short term ‘movement’ is unknowable, financial wisdom teaches us that a globally diversified lifetime investment portfolio is the placed option to override political crises, trade wars and short term upheavals.

Reacting to current noise is really the worst thing you can do.

Here at Serenity, we have a wealth of experience in guiding individuals and families with care and consideration when it comes to investment. Unlike many commentators in the media, we have nothing to gain from sending out alarming messages which will gain attention and increase readership rates or newspaper sales.

Which is why, if you’re concerned about how Brexit is going to affect your investment planning, the best thing you can do right now is to look away and tune into your favourite comedy, music station or just read a book instead.

The simple truth is that the outcome of the current political storm will have no impact on your 20/30/40 year investment plan.

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