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From time to time we will forward thoughts  from other Carroll Financial advisors that we think you would find helpful and informative.

Today’s communication is from Larry and Kris Carroll:

What You Need To Know About The Brexit Vote

This week we are all going to hear more about the vote regarding Britain exiting the European Union. The polls indicated Monday morning that Britain will not exit and markets seem to be moving higher. While the vote is really about immigration, it also has financial and economic consequences so we wanted to drop you a note to share our perspective.

The key issue causing the vote is immigration. The chart below shows that the tradeoff seems to be between what’s good for the economy and what’s good for immigration.

Europeans are moving to the United Kingdom because the country has a better job market. When compared to the rest of Europe, the U.K. has less regulation around employment and fewer employee protection laws (it’s a more capitalist and less socialist job market). It should be no surprise that the U.K. creates more jobs and Europeans who are willing to move are in turn relocating to the U.K.

Investment markets hate uncertainty in the short term and Britain exiting the EU creates uncertainty. We are not sure how other countries will react, how trade between Britain and continental Europe will change or how global currency markets will be affected. Therefore, a vote to exit the EU will most likely be viewed as a negative decision by the financial markets.

We think that in the end Britain will not vote to leave and the polls are trending that way. If Britain does vote to leave, there will be very little long-term impact to the U.S.

Brexit is just the new global worry. In the long term this will go down as one of the many global issues that caused short-term uncertainty in financial markets and then faded away. We are hopeful that Britain votes to stay because we do believe that exiting would slow down what will likely be a very sluggish recovery in Europe.

Bottom Line: Brexit isn’t an issue worth worrying about for U.S. investors. We simply view this as just more noise. It gives us something to talk about, but isn’t likely to affect long-term returns.

From the desks of:
Larry W. Carroll & Kristopher W. Carroll
Carroll Financial Associates, Inc.
4201 Congress Street, Suite 210
Charlotte, NC 28209
(704) 553-8006


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Your life is not about making money; your money is about making a life


4201 Congress Street
Suite 210
Charlotte, NC 28209


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Carroll Financial Associates

4201 Congress Street, Suite 210

Charlotte, NC 28209

Office: 704.553.8006

Direct: 704.247.2816

Fax: 704.553.9610


Registered Representative of and securities offered through Cetera Advisor Networks,LLC, Member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Advisor.  Carroll Financial and Cetera Advisor Networks LLC are not affiliated companies. 

Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC.  Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Advisor.  Carroll Financial and Cetera Advisor Networks are not affiliated. Additional risks are associated with international investing, such as currency fluctuations, political and economic stability, and differences in accounting standards. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested in directly. The views are those of Michael Jette and Ben Ganson and should not be construed as investment advice. All information is believed to be from reliable sources: however, we make no representation as to its completeness or accuracy. All economic and performance information is historical and not indicative of future results. Consult your financial advisor for more information.



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