MMP163: Brexit - What Next?
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 29 June 2016
⏱️ 27 minutes
🧾️ Download transcript
Summary
So, the UK voted leave the European Union. Whatever your view on this, we are where we are. But what does it mean for your pensions and investments? That’s what I’m going to attempt to cover in this week’s show.

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Sponsor Message
This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk
Brexit - what next?
I’ve been intentionally quiet on my views about Brexit. For what it's worth, I voted to Remain and am disappointed by the vote. I’m not wallowing in self-pity though - it’s time to move on. It remains to be seen what our leaders will do. Will they pull their fingers out, put aside their personal agendas and grasp the nettle? We’ll see.
I want to look at what we know about the future, and what we don’t but more important what you should and shouldn’t do in light of the decision to leave the EU.
In this session, you'll discover:
- Why I'm still pretty bullish about the UK economy - we're coming from a pretty good place
- That there's a world of value to be had for investors outside the UK
- Why I hate the media's reporting, particularly of market movements
- Why diversification is still the best strategy
- Why you should hold your nerve
- That there may even be opportunities in the volatility, if you have money you're prepared to lose.
- Why you should always focus on the long term
- Why you should review your portfolio, and what might trigger you to change things.
You know that Ill never sugar-coat what I think is happening. Too many of you are tuning in, and too many of you know where I live for me ever to tell you anything other than what I perceive to be true.
Finally remember that unlike the journalists touting scare-stories all over the media, I have to sit at my clients’ kitchen table and look them in the eye wheel I tell them that their portfolios have dropped in value.
I also get the joy of telling them that their dreams need not be parked for the foreseeable future because we have planned for the volatility.
I am doing this day in, day out, watching the markets, reassuring clients who trust me with £120 million or so of their money.
Resources mentioned in this week's show
Course: Learn How To Invest - sign up here to be notified when the next course is launched
Work with Pete: Click here to find out more about how you and I can work together directly
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast session number 163. Let's get out of here |
| 0:05.3 | quick before anything else happens. This is the podcast dedicated to helping you put your finances |
| 0:16.0 | in order. My name is Pete Matthew and I'm going to share with you everything you need to know |
| 0:20.4 | and everything you need to do to secure your financial future. I'm here to help you make sense |
| 0:25.5 | of money. |
| 0:36.5 | Welcome back, folks. Great to have you with me once again. So the UK has voted to leave the European |
| 0:42.4 | Union. Anybody fed up with hearing about it yet? No, I am. But whatever your view on it, |
| 0:48.8 | we are now where we are. Okay. But what does it mean for you? And specifically, what does it mean for your pensions, |
| 0:56.0 | your investments, your long-term financial plans? That's what I'm going to attempt to cover. |
| 1:00.8 | I almost hesitate to say to cover, right? Because, oh, I'll get to that. You know, I'll get to |
| 1:07.2 | that. Let's say this is only an introduction, right? So I'm going to deal with this today. As usual, after we've done that, I'll look at some reviews and that's what we're |
| 1:15.4 | going to be talking about next time. But as ever, remember, this podcast is brought to you with the help |
| 1:18.9 | of seven investment management. They're a firm of investment managers based up in London, |
| 1:23.5 | and they specialize in multi-asset investing, which brings institutional investing techniques to ordinary people, just like you, just like me. |
| 1:31.3 | And 7.9 have been helping me out for ages now, four and a half years, because they believe in what I'm doing, trying to get decent, easy to understand financial information out to those who need it, and easy to put into action, you know, to actually get things done. |
| 1:44.8 | So I'm really grateful to them for their support. |
| 1:47.2 | I really wouldn't want to do it without them. |
| 1:49.1 | So do check out what they're up to. |
| 1:50.2 | They're at 7im.com. |
| 1:51.2 | UK. |
| 1:51.7 | That's the number 7im.com. |
| 1:53.7 | UK. |
... |
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