Time To Review Your Holdings To Check For EU Companies?

[rhinefire]

With Britain jumping ship the EU should be shaky for at least two years. Some mutual funds have positions there that you may not know about. You may want to look at what you own to make sure. Also, any stocks you own in companies that due business in the EU could be in for a rough ride.

 

[austrianecon]

With Britain jumping ship the EU should be shaky for at least two years. Some mutual funds have positions there that you may not know about. You may want to look at what you own to make sure. Also, any stocks you own in companies that due business in the EU could be in for a rough ride.

UK leaving shouldn't have been the reason. You should have checked over the last 3 years. Some firms are "recession" proof but EU has been slow growth for years. Nestle has been trading in the same range for almost 3 years now. I have a few I'll buy in decline from the UK. Some banking and some "recession" proof stocks.

 

[Lafayette]

With Britain jumping ship the EU should be shaky for at least two years. .

Substantiate your claim. Or, are you just rumor-mongering in order to profit from a sell-off?

First of all, Britain is not moving to the moon. It's export markets in the EU will be "challenged", mostly by means of a 10% import surcharge. Its autos already meet EU-standards, so there is no difficult refit of automobile product lines. Ditto for other products that meet EU-regulations and will continue to do so for as long as Britain wants to sell them in the EU.

Financial services, otoh, are another matter altogether - and some banks are getting out sooner rather than later. Two major banks have already announced plans to relocate some portions of its EU-business to Europe. And with Scotland thinking about remaining in the EU, some banks could move to Edinburgh.

By the time this happens (two/three years, some are saying), the Brits could have time to think about the idiocy of what they have done.

They might be knocking on the door once again. Sooner than later - and boy will the EU exact its pound-of-flesh.

Margaret Thatcher will roll over in her grave ... !
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