Brexit Madness

'Be careful what you wish for' is a warning that has teeth. The vote to have the United Kingdom leave the European Union is tragic not just because it was an expression of British pride over rational behavior but because those voting to leave had no idea what they were doing. Already nearly two and one half million Brits are petitioning for a second chance.

Google reported that after the results of the vote were in and the pound fell to thirty year lows there was a 250% spike in Google searches for "What happens if we leave the EU?" and "What is the EU?" -- um, aren't you supposed to do your homework BEFORE the test?

I'll be writing on this subject in coming days but the key advice I can offer to US investors and those concerned about their retirement savings is this: do nothing. There's always an urge to panic and this leads to poor decisions. Here's how to approach this: Don't Panic about Brexit