The UK may be leaving the EU. Learn what this means for you, your life, and your investments.
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Brexit refers to Great Britain leaving, or exiting, the European Union. The vote, however, is just the beginning. News about the Brexit will continue as the multi-year process for the UK leaving the EU unfolds. Additionally, the referendum isn't a binding vote, and there is a possibility that the UK will end up staying in the EU.
It's been two weeks since the Brexit vote, and lots of negative predictions have come along the way. Here is what the Brexit will actually mean for you.
Brexit is unlikely to have any lasting impact on your investments; unless you decide to sell everything in a panic. The long-term investor will likely look back on Brexit as a non-event, here's why.
Despite the headlines and the excitement the UK vote is causing, investors should pay little attention. Avoid the temptation to tinker with your investments based on fear about 'what might happen' because of the UK vote. From an investor's standpoint, little will happen.