What does Brexit mean? Your guess is as good as mine. Until now, I have resisted writing about Brexit. I don’t even think the UK government know what Brexit means. I don’t think anyone really knows. This creates uncertainty. In the short-term, uncertainty creates market volatility (shallow risk). The media has a field day in times like these. See the following snippet from a popular finance website.
Confusion certainly reigns supreme. It is great that we don’t care about the short term.
One thing I am sure about is that companies in the UK (and globally) will continue to supply goods and services to their populations. Until this changes (deep risk), I will continue to accumulate dividend-paying businesses.
If there is ever a time to “Forget the Noise”, this is probably it. We will probably see periods of negative returns on our holdings as the markets “digest” each piece of news. We must stand firm and focus on our very long-term goal of creating a retirement income stream.
And a final note, humans adapt. Whatever the new status quo, we will adapt and deal with the issues as they present themselves. The sun will rise tomorrow and we will get on with life.