Local financial planner weighs in on Brexit

By  | 

RAPID CITY, S.D. (KOTA TV) It was a shocking vote that left the rest of the world wondering how it would be impacted.

Voters in Great Britain decided to leave the European Union by a 52 to 48 percent margin.

In the United States, the Dow Jones fell more than 600 points today (Friday) and the S&P dropped more than 58 points as investors reacted to the decision.

Rick Kahler is a financial planner in Rapid City, who is advising his clients to do nothing. He says it's also a chance to buy more equity at lower prices.

Kahler also identified a possible silver lining.

"The interesting thing is, a lot of other markets have gone up in the light of this,” he said. “Gold has gone up, bonds have gone up, managed futures have gone up today. So when you have losses in one sector, you often have gains in another.”

Kahler said the disruption could be over relatively quickly and it may not be a big event in the long term charts.



 
Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus