Property News · June 24, 2016

Hold your nerve, financial advisers tell small investors


Advisers urge calm following Brexit vote, but warn of market volatility for years to comeThe message from financial advisers this morning to bewildered small investors is “hold your nerve,” while demanding that central bankers around the world act urgently to calm markets. Jason Hollands, managing director of wealth management group Tilney Bestinvest, said: “Investors are going to need to hold their nerve through the coming days. Although the scale and rapidity of the slide in sterling is enormous, the UK has previously endured sharp devaluations before, notably following the ejection of the pound from the European Exchange Rate mechanism (ERM) and in the aftermath of the banking crisis. While painful at the time, both were followed by periods of economic expansion.” Continue reading…

Source : theguardian.com
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