Strategy revision ahead of Brexit vote - end of June 2016

For those who started following me in my exciting journey, you will know that I always have a plan for the future. Recently I had the opportunity to explain my thoughts on Brexit and how this historical decision may affect my personal finances.

The conclusions of my analysis is that it is wise to adopt a conservative approach given the great uncertainty surrounding the future months. It would be better to hold on to the money right now and see what will happen next. After all, the referendum is just few weeks away and it does not make any sense to rush through investments for the moment. It is exactly in these conditions that one may be led to make big mistakes which may become a regret in the future.

Black Tuesday (29.10.1929). Are we heading in that direction?

My plan is to slow down until September, which is not a random month...indeed September is generally considered a bearish month, as you can read in this article from Investopedia.

So, when we take into account the high level of uncertainty surrounding the future, plus the need to reinforce my cash position due to the recent investments and the fact that we have a nice bearish month coming in the near future, I think my new contingency plan will be quite effective!
By end of August-September I should be in a much better position to exploit any opportunity on the horizon.

September is generally considered a bearish month for investors.

In my review for the end of the month I will update my net worth and take a look at how this contingency plan will affect my overall wealth distribution.

Yours,

The Gentleman Investor