Storm in a Teacup?
Well, the unthinkable happened and the UK voted to leave the European Union. I am personally extremely upset and haven't really been able to focus since Friday (you can tell by the lack of blog posts).
I think this is terrible for the UK, bad for the EU, and bad for the world. I'm really disappointed with the UK government, the Leave campaigners, and the voters.
However, for long-term investors I don't think there is much to worry about. Since the announcement I have bought some ETFs and watched my portfolio sink by a large amount of (paper? imaginary?) money. I'm not really planning to do anything else.
As we often say around here, you don't make or lose money until you sell. Don't sell because of Brexit. Don't sell because you think something is going to happen on Friday. Keep following your plan (you do have a plan, right?).
For me, the plan is to continue buying diversified stocks and ETFs and reinvest the dividends. It's getting easier and easier to ignore the noise, especially since I decided not to sell things.
Not selling is not an optimal strategy, but it takes a lot of the stress out of investing for me. I just have to figure out what to buy every couple of months, which is much easier than trying to decide if something should be sold or not.
How are you doing? Did you liquidate everything on Thursday night and move into gold?