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BREXIT and AK the investor.

Saturday, June 25, 2016

I just spent the better part of an hour replying to emails from readers and the topic which cropped up the most often was, not surprisingly, BREXIT. Here are a couple of conversations:

Reader: What do you think of the Brexit? Can you talk to yourself on the impact to your portfolio?

AK says: BREXIT will affect me as an investor if:

1. I have income generating assets in the UK.

2. I am invested in companies which export goods and services to the UK.

3. I have exposure to debt denominated in the Sterling Pound.

I think it is none of the above for me.

However, I am worried about the possibility of contagion. The UK is not a member of the Euro (i.e. the currency) but if European countries which use the Euro decide to do their own versions of Brexit, it would affect my investment in IREIT Global. How? I cannot say yet.

Best wishes,

Reader: Given that Brexit is confirmed . The GSS of stock market is likely to happen . Can talk to yourself what spore stocks you are eyeballing?

AK says: Almost everything I have ever blogged about as investments for income, actually. ;p

Best wishes,

Have our shopping list ready, stay calm and buy when our target prices are hit.

Remember, it is almost impossible to get the best deal. If someone else manages to buy at a lower price after we have bought, it might not mean that we got a bad deal. That person got a better deal.

Related post:
Mr. Lee Kuan Yew on Eurozone crisis.


SMK said...

agree. whether short term or long term will depend on whether this event is used together with upcoming events as a continuous theme to drive the markets. A lot of positioning in the market was already done and still being done.

we shall see.

"possibility of contagion"

AK71 said...


Nothing we can do about it. Will just have to make the best of things. :)

AK71 said...

Another BREXIT in the making?

FB Reader:
Considering a trump victory, any views on how this would impact?

Assi AK:
Er... If trump causes slump in stocks, buy more. ;p

AK71 said...

Donald Trump is elected President of the USA.

"We believed, and the polls led us to feel sure, that Americans would not, in the end, hand the most powerful office on earth to an unstable bigot, sexual predator and compulsive liar.

"People all around the world had watched and waited, through the consecutive horrors of the 2016 election campaign, believing the Trump nightmare would eventually pass. But today the United States – the country that had, from its birth, seen itself as a beacon that would inspire the world, a society that praised itself as “the last best hope of earth”, the nation that had seemed to be bending the arc of history towards justice, as Barack Obama so memorably put it on this same morning eight years ago – has stepped into the abyss.

"Today the United States stands not as a source of inspiration to the rest of the world but as a source of fear. Instead of hailing its first female president, it seems poised to hand the awesome power of its highest office to a man who revels in his own ignorance, racism and misogyny."


AK71 said...

"This is the beginning of a sad chapter for our nation, and for the world. The system, and our government and parties, have failed. This will become a frightening, vengeful, unjust land. And an angry white electorate, now using the levers of government, is not going to be kind to any of us not deemed integral to making America “great” again."
- Steven W Thrasher


AK71 said...

Donald Trump's win was as unexpected as BREXIT.

"The U.S. dollar sank and stocks plummeted in market mayhem on Wednesday as investors faced up to a shock win for Donald Trump in the U.S. presidential election that could upend the global political order.

"European shares looked set to follow. Sovereign bonds, the Japanese yen and gold surged while the Mexican peso went into near free-fall in chaotic trading as once again polls and betting markets proved woefully wrong."


AK71 said...

Asian equities rallied Thursday (Nov 10), joining a goldrush across world markets as the initial shock of Donald Trump's election win was replaced by hopes his plan to kickstart the US economy will succeed.

Trading screens were awash with red Wednesday as the region's investors were the first to react to news that the firebrand tycoon had defeated market favourite Hillary Clinton, upending expectations.

However, a reassuring victory speech - followed by calls from Clinton and President Barack Obama to get behind Trump - provided some encouragement to traders, sending risk assets rallying.

Most markets in Asia either entirely reversed or clawed back most of the previous day's losses, while the dollar pushed higher.

The greenback had come under pressure on worries that uncertainty over Trump's policies would cause the Federal Reserve to hold off an interest rate rise, but analysts said those worries had abated for now.



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