In response to the market plunge resulting from the BREXIT vote, I will...do nothing

[brooklynite]

I will not sell investments in a panic.

I will not buy investments with the goal of "scooping up bargains".

I will continue my regular monthly investments to my diversified index funds.

I will wait for the markets to recover.

I recommend that you do the same.

[The Velveteen Ocelot]

1. Of course. So much of the market is driven by emotion and panic.

The dumbest thing anybody can do right now is sell. There might be a few bargains to be had but as far as I'm concerned it's better to do nothing different, stay put and wait.

[Else You Are Mad]

2. The markets will correct themselves.

The 1% are banking on panic selling so they can buy all that is sold for cheap then sell it when the market naturally corrects itself.

[DinahMoeHum]

3. Same here. I did what you did when the 2008 crash came.

I did sell a stock I held for several years and took profits, but nothing else beyond that.

And when people asked me about what I was going to do, I just smiled and said "Not Gonna Do a Damn Thing"

[Surya Gayatri]

4. I'd wager that this is the advice Warren Buffet is sending out in his newsletter today.

[leveymg]

5. Ignoring systemic risks is what some do best. Carry on.

[barbtries]

6. i'll be doing the same

of course i'm pretty hands off as it is with just a 401k.

[socialist_n_TN]

7. That's probably the smart move until things settle down a little........

HOWEVER there IS another recession coming and probably soon, within a year or two. What the actual trigger will be is unknown, so it actually COULD be the Brexit. But most should remember that this is just the beginning of the process. Britain is still in the EU today and the clock won't really start ticking until they invoke Article 50 of the EU charter. Cameron says he won't do that and he's staying in office for another few months.