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Tough luck if you sold your FTSE 100 tracker fund in June

Discussion in 'Market News' started by Lily, Oct 4, 2016.

  1. Lily

    Lily Forum Member

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    As the stock markets showed today, the vote for Brexit created the best buying opportunity for years

    Investors’ first instinct, as they woke on Friday 24 June to news that the UK had voted for Brexit, was to sell shares. This didn’t feel remotely odd at the time. Sterling was plunging, the prime minister would resign by mid-morning and shares, in theory, are meant to be the asset you don’t want to own when there is a whiff of panic in the air.

    Tough luck if you sold your FTSE 100 tracker fund on Monday 27 June, the day the index closed a shade below 6000 points. You’ve just missed a remarkable 1100-point run to 7074. The vote for Brexit created the best buying opportunity for years.

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