thewealthnet     About Us    |    FAQs    |    Contact Us
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Tue 19th Feb 2019  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
Get the basics right in preparation for no-deal Brexit - Hargreaves Lansdown
12/10/2018 , News Team

“Get the basics right” is the advice from Hargreaves Lansdown amidst Brexit uncertainty and a dip in global stock markets.

“Brexit uncertainty has crushed investor confidence – with optimism in the UK stock market now lower than it was in the middle of the financial crisis, or in the immediate aftermath of the EU referendum,” said Sarah Coles, personal finance analyst at Hargreaves Lansdown.

“…our research shows that investor confidence is at its lowest level since we first started measuring it in 1995.

“At times like this, it’s important to get the basics right: hold a good cash buffer, keep a balanced, diversified portfolio, and drip feed money into the market to take advantage of any dips.”

Ms Coles was commenting in relation to a report from consumer watchdog Which?, that warned of “immediate” and “severe" consequences for millions of people if the UK fails to reach agreement with Brussels.

The research shows more than three quarters of people said they thought it was likely that a no-deal Brexit would lead to higher prices for food and other items (76 percent) and delays at the border for travellers (75 percent).

Three in five expect disruption to food supplies because of hold-ups at the border (61 percent), higher energy costs (60 percent) and some flight restrictions (57 percent), while  44 percent said medicine shortages were likely.

“It’s not just investment,” Ms Coles said. “We also face uncertainty over issues like prices, the future of inflation and interest rates. This report shows just how nervous people are about what the future may hold in store for every aspect of their finances.”

Share with Linkedin Share with Twitter
Poor   Average   Good   Excellent
thewealthnet archives contain 51,114 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.


© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved