The thought of No Deal Brexit is alarming for many people, but clever investors could find that it’s an income and investment opportunity of a lifetime. If you’re planning your investment calendar for October now, then don’t hesitate to pencil in 31 October for a FTSE buying spree, alongside any forex trading you’re already carrying out.
Brexit Impact On FTSE 100?
Most FTSE 100 companies are international brands, generating substantial revenue outside of the UK, and this is one of the reasons shares prices have risen or remained stable since the 2016 referendum result.
Over the period since May 2016, the businesses generating income outside the UK saw increased profits due to lower sterling currency exchange rates which immediately boosted overall profitability for the year. If you haven’t already seen the benefits of investing in FTSE 100 shares, then perhaps you’ll think about this for the week or so either side of 31 October 2019?
Short Term Gain?
Day traders may consider investing in FTSE 100 shares is too much of a long term punt, as they only want to profit from deals over a 24 to 48 hour period.
In honesty, the opportunity presented by Brexit may be too good to miss. If you already invest in a shares ISA or buy shares for your children or grandchildren, then buying some of the UK’s true blue-chip shares over the period to 7 November could be a golden opportunity.
Recession Fears?
Another reason to turn your attention to the top UK share market assets is because a global recession may be around the corner. We’ve published lots of posts on the US-China trade war and this is starting to impact on global markets.