3 reasons not to fear Brexit (if you live in the US; sorry UK readers)

Remember 3 simple facts if you are concerned that Brexit will crush your nest egg:

1. A "crisis" correction is almost always a buying opportunity and markets usually correct quickly. That doesn't mean that you should rush out and buy anything that has fallen. But it's a good opportunity to rebalance toward a desired mix between stocks, bonds and cash. Those running out to buy gold should think twice: Don't buy gold

2. If you have a mix of assets -- stocks and bonds in particular -- you're already diversified and can weather volatility. If you're not sure please look here: Asset Allocation

3. The impact of Brexit is short-term for US investors, more driven by emotion than actual fact. Consumer spending is strong in the US (up 4% in the most recent quarter), home sales have reached 9 year highs, interest rates are near historical lows and are likely to remain so for quite awhile, and unemployment is under 5% -- a dream for almost any nation on earth.