Top Ten Videos to watch

Hillary Clinton Meets With DC Mayor And DC Representative At Coffee Shop
crime scene
Studio Portrait of Two Young Women Back to Back, One With a Tattoo
Mamie Till and Emmett Till
GOP Redistricting Plot To Unseat Rep. Corrine Brown Exposed
Protests Break Out In Charlotte After Police Shooting
'Keep the Vote Alive!' March Commemorates Civil Rights Act
White man shooting
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
HS Football
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
Police Line
2016 Republican National Convention
44th NAACP Image Awards - Show
MD Primary
Premiere Of OWN's 'Queen Sugar' - Arrivals
Democratic National Convention
Los Angeles Rams v San Francisco 49ers
Protesters Demonstrate Against Donald Trump's Visit To Flint Michigan
President Obama Speaks On The Economy In Brady Press Briefing Room
Lil Wayne
Construction Continues On The National Museum of African American History To Open In 2016
Preacher Preaching the Gospel
Hillary Clinton Campaigns In Louisville, Kentucky
Miami Dolphins v Seattle Seahawks
Leave a comment

Brexit, the nickname of the British vote to leave the European Union, resulted in a significant amount of anxiety across the pond and here at home in the United States.

The United Kingdom’s vote in favor of leaving the EU threw the stock market into a tailspin, had individuals in the financial industry running for cover, and those who have invested in the markets scurrying for more information as to how Britain’s exit will impact their 401k plans going forward.

America’s Wealth Coach Deborah Owens stopped by NewsOne Now to discuss how Britain’s exit will impact Blacks and the U.S. economy and your pocket.

Owens, who considers problems potential opportunities, said, “What I want our viewers to understand is you don’t need to react to short-term volatility” in the markets.

“If you consider the amount of political unrest, changes in the financial markets themselves, there’s always going to be some sort of volatility,” said Owens. She continued: “Get used to this new financial normal of volatility and keep your eye on your pocketbook and understand what your goals are and stick to it.”

Owens added that those who have invested in the financial markets should not allow themselves to react to “short-term movements in the financial markets.”

The financial guru offered a few tips on how to ward off the anxiety of fluctuations in the market with the following list:

  • Don’t panic
  • Increase your financial acumen
  • Put different eggs in different baskets
  • Diversity within the asset classes

When asked why Brexit has caused values of 401k plans to fluctuate, Owens said, “If you are invested in mutual funds, your investments in some cases might have an international component.”

Owens also highlighted many companies in the United States are multi-national, “so their revenue are coming from some of these other countries.”

Owens offered the caveat, “Most Americans have less than thirty percent of their investment in international – most advisors recommend no more than ten percent of your portfolio” is tied to foreign investment.

The Brexit situation still needs to unravel, “But the fact is for the average person investing in their 401k, the best thing they can do is stay diversified and keep their eye on the long-term so that in the long-term, they don’t react to what are just short-term machinations in the market.”

Watch America’s Wealth Coach Deborah Owens, guest host Laura Coates, and the NewsOne Now panel discuss the Brexit in the video clip above.

Watch NewsOne Now with Roland Martin, in its new time slot on TV One.

Subscribe to the NewsOne Now Audio Podcast on iTunes.



Between Brexit & The EU: Did People Of Color Have A Viable Option?

Also On News One:
comments – Add Yours