Data published by the Investment Association has shown that Brexit resulted in the sharpest ever sell-off of investments by UK savers. £3.5 billion of investments were sold in June as panic took hold and investors let their hearts over-rule their heads.
One month later and the FTSE 100 was trading higher in sterling terms than before the vote, leaving many to regret their impetuosity and proving once again that investment is for the long term. Timing the market rarely produces results. What matters is time in the market, through a well diversified portfolio supervised by an independent financial adviser who can allow not only for market fluctuations, but also the impact of tax.