Acquire stock by selling out of the money Puts. That way you not only get the premium for selling the put, but in addition, you only actually buy the stock if it drops to an even lower level. If you do acquire the stock, then sell an out of the money Call, another premium + the capital growth if your stock moves higher beyond your strike price, win, win. I use Interactive Brokers, great trading platform and cheap trades.
Not to hard to find that out,some of you really do need to man the fuck up
Pretty sure it happened in 2008 and everyone banged on about what a bunch of tossers bankers were/are for causing it. Now it seems that those that voted 'Leave' caused it we should all 'man the fuck up' rather than be upset about their selfish motives?
Interesting how people's perspectives change I guess.
The difference between then and now is the bank's weren't solely to blame for the crash but we took it on the chin, accepted things needed to change and got on with doing so and made a lot of money in the process. Now, we have a scenario where we've got a referendum outcome that has unintended consequences for those sections of society that voted out because they see themselves a victim of some real or perceived injustice or other and they thought things will be better if the UK is out. The reality is that like 2008, those that were doing nicely before the crash were the ones to get on with it and do nicely out of the changing regime. I suspect those Sunderland, Margate etc Brexiters who voted out because they had a grievance with immigrants, benefits, the NHS etc are going to find nothing is going to get better for them (because eventually when the dust has settled, nothing will basically change, in or out) and those that get on with their lives and take whatever opportunities arise will do nicely.
Covered End, have you used any apps before you recommend to trade shares / track prices, also how does it work these days, do you still get a paper share certificate, or do you get a certificate by email?
How much does it roughly cost to trade, any advice much appreciated!
I use Halifax sharedealingonline & they hold the shares in nominee names, so you have no faff with share certificates.
I often use Legal & General for things like ISA'S as their tracker fund fees, for say the FTSE All Share Index is low.
Not to hard to find that out,some of you really do need to man the fuck up
The whole point is that - had we voted the other way - the economy would have been booming today. Pound soaring, and FTSE flying high.
Its not about ifs, buts or maybes. You are still in pre result mode. This is real life.
It is tanking BECAUSE of the choice the nation voted. You may as well have ticked a box that said 'economy tank from tomorrow please'.
Rome wasn't built in a day. We won't see the benefit for 5-10 years, but hopefully it will be a lot better for our children, who may find a decent paid job and be able to afford somewhere to live.
Bugger the people that are struggling now then. There is a chance that one day in the future things might, potentially, if all goes to plan, best case scenario, be a bit better off than now. I mean they'll get to continue to pay back the deficit which is larger than it is now so there is that too, but 10 years further down the line people might be in a better position.
That's not what I said & it's certainly not what I meant.
Would the markets be higher at 9:30AM this morning had we stayed? Yes - thats about the only sure fire thing so far.
What would have happened is the markets would have jumped higher had we voted to stay and then profit taking and reality would have set in and they would probably be where they are right now.
With economic opportunities stunted, everyone will suffer for Leave voters wrongly blaming hard-working, taxpaying European migrants for everything they dislike about modern Britain and wrongly trusting economic charlatans like Mr. Gove.
With economic opportunities stunted, everyone will suffer for Leave voters wrongly blaming hard-working, taxpaying European migrants for everything they dislike about modern Britain and wrongly trusting economic charlatans like Mr. Gove.
"Economic charlatan". I like that.
From a paper in a country that elected Obama as it's leader.
Concentrate on your gun crime lads - leave the European stuff to us Brits.
Not to hard to find that out,some of you really do need to man the fuck up
Pretty sure it happened in 2008 and everyone banged on about what a bunch of tossers bankers were/are for causing it. Now it seems that those that voted 'Leave' caused it we should all 'man the fuck up' rather than be upset about their selfish motives?
Interesting how people's perspectives change I guess.
Bit different - it would probably be argued that the bankers had caused it through actions linked to personal financial gain. Where as leavers have voted democratically for something they believe in and which they believe (rightly or wrongly) will be of benefit to our Country.
With economic opportunities stunted, everyone will suffer for Leave voters wrongly blaming hard-working, taxpaying European migrants for everything they dislike about modern Britain and wrongly trusting economic charlatans like Mr. Gove.
"Economic charlatan". I like that.
Philippe Legrain does have his own agenda though and he is the author of that article.
His new book/research advocates welcoming refugees as 1 euro spent on a refugee equates to 2 euros gained over 5 years....
He is a former adviser to the European Commission too.
I read the article this morning on the rattler and had steam coming out of my ears at two of the paragraphs.
Not to hard to find that out,some of you really do need to man the fuck up
Pretty sure it happened in 2008 and everyone banged on about what a bunch of tossers bankers were/are for causing it. Now it seems that those that voted 'Leave' caused it we should all 'man the fuck up' rather than be upset about their selfish motives?
Interesting how people's perspectives change I guess.
Bit different - it would probably be argued that the bankers had caused it through actions linked to personal financial gain. Where as leavers have voted democratically for something they believe in and which they believe (rightly or wrongly) will be of benefit to our Country.
There will be some Brexit voters (no idea how many) who will be happy to reduce or stop immigration, even knowing that it'll reduce GDP. Japan is a bit like that, an ageing and shrinking population, but wanting to maintain its own homogeneous culture.
Indeed, if Britain had done a deal with Hitler to let him have the rest of Europe, we'd have been better off financially. Money isn't everything
So much waffle spoken by so many people. Markets hate uncertainty. Therefore one thing that was highly probable was that markets would be erratic on a Leave vote. Where it is today has no bearing where they will be in 2 years time. People jumping to conclusion that it is a financial disaster and the case has been proved are very wide of the mark. There are definite befits in a lower pound; higher exports, higher value of invisible earnings. However we do need to get on with it and reduce the uncertainty. Cameron has added to that uncertainty. He should be put against a wall and shot. He originally promised a referendum and said he would respect the vote. If he hadn't campaigned in the fantasy way he did he could have stayed on for a period of time so we rapidly could enter and conclude terms of Exit. He has added to the panic.
Not to hard to find that out,some of you really do need to man the fuck up
Pretty sure it happened in 2008 and everyone banged on about what a bunch of tossers bankers were/are for causing it. Now it seems that those that voted 'Leave' caused it we should all 'man the fuck up' rather than be upset about their selfish motives?
Interesting how people's perspectives change I guess.
Bit different - it would probably be argued that the bankers had caused it through actions linked to personal financial gain. Where as leavers have voted democratically for something they believe in and which they believe (rightly or wrongly) will be of benefit to our Country.
Not sure I entirely agree. Most voters vote on the basis of what they think is right for them personally not necessarily the country collectively. Plenty of posts on this forum have shown that.
It could be argued that bankers got carried away with a general feeling of no boom and bust as even confirmed by our PM at the time and took risks because they thought they were indestructible without any expert advisors to guide them away whereas we had plenty of experts predicting recession should we leave the EU but people chose to ignore that advice.
Don't get me wrong, there are plenty of tosser bankers but I just find it interesting that people are very quick to blame when it is not them and quick to find deflection if there isahance it may be them.
No matter, it is massively early days in all this and with luck the market will settle and find a new equilibrium.
Cameron has added to that uncertainty. He should be put against a wall and shot. He originally promised a referendum and said he would respect the vote. If he hadn't campaigned in the fantasy way he did he could have stayed on for a period of time so we rapidly could enter and conclude terms of Exit. He has added to the panic.
Personally thought he should have stayed neutral so that he could then deliver the verdict. By being so passionate about remain and so anti-leave, he shot himself in the foot. Osborne has had to make a huge u-turn too after some of the pitiful threats he made. He has lost a lot of respect from many people.
Tory Leadership contest - Boris Wins Labour Leadership contest - Tom Watson / Angela Eagle (or someone else to do with golf) wins Parliament votes on Bexit - loses - Brexit on hold. General Election - Hung Parliament Coalition Government - Referendum called on Brexit Brexit canceled. Politicians on all sides say "don't blame us for the chaos - we didn't win the General Election outright"
Cameron has added to that uncertainty. He should be put against a wall and shot. He originally promised a referendum and said he would respect the vote. If he hadn't campaigned in the fantasy way he did he could have stayed on for a period of time so we rapidly could enter and conclude terms of Exit. He has added to the panic.
Personally thought he should have stayed neutral so that he could then deliver the verdict. By being so passionate about remain and so anti-leave, he shot himself in the foot. Osborne has had to make a huge u-turn too after some of the pitiful threats he made. He has lost a lot of respect from many people.
NLA I appreciate many of your posts and your "man the barricades" approach is commendable. However inspiring your personal approach maybe the underlying issue is to most market players all of the downside was completely unnecessary.
Now I agree most grown ups will have seen much of this before, and many will see and seize any and every opportunity to profit.
These market fluctuations are however merely the first public indicators of the destruction of confidence in the worlds economy. The collapse in markets is world wide. It has damaged confidence in the world's ability to trade.
The wider malaise will be that loss of confidence will become ever more evident in the boardrooms of central banks, investment banks, retail banks, major corporations, manufacturers and major businesses across the world. There will be consequences.
It will extend to every household who will pullback from the planned investment in the new house, the new car (with my modest resources I personally will no longer commit to this planned purchase for the forseeable future), the new television, the same holiday etc., etc.,
Now it is entirely true we have been there before and worked through it. However there is one fundamental ingredient that has been there over the past 4 decades which is now no longer there. We will now no longer have guaranteed continued access to freely trade with European Markets.
We have walked away from that guarantee.
So your premise is based on the ability of the executive of this government to secure such future guarantee or drive new global trading initiatives to restore equilibrium. A government executive which is as yet not even in place, one which has yet to even determine its precise negotiating stance or the timeline in which it will be able to actually pull the Article 50 trigger.
At the same such executive will have to deal with the wishes of the devolved governments of Scotland, Northern Ireland, Wales and even poor old Gibraltar, who are strongly against any such move.
All against the background of negotiations with an EU executive and 27 constituent governments, the EU Central bank, the Central banks of 27 European countries all of whom have not the vaguest notion of how to address this issue, have never done it before and quite frankly need it like a hole in the head.
May I suggest you cast your eyes across the list of countries involved and consider for one moment the global trading and central bank expertise of most of these countries even before you address the political panorama that will be on display.
You seriously expect such a disparate set of political and economic ideologies to come anywhere close to agreeing their negotiating position within a 2yr negotiating timeline.
The whole point is it has never been done before and you seriously expect a positive outcome.
We have just lived through 30 months of an executive who had the relatively simple task of running a professional football club in the UK for the first time. It has not gone well. Multiply that 27 times and exponentially multiply that by the complexity of global market trading and the global economy and you will get some idea of the task you have set the legislative assemblies of Europe.
The simplest answer is they will simply not get it done. Certainly not within the 2yr timeline which will mean the UK will after 2yrs be cast adrift to make ad hoc agreements as and when it can.
So with the best will in the world, which will certainly not be evident from the other side of the negotiating table you cannot guarantee when or even if we will restore the same free access to one of the largest trading areas on the planet.
Now while the scenario I have painted is speculative, though no more speculative than yours, that you cannot guarantee access to the single market is not speculation it is fact.
So with the damage to confidence done as evidenced by the currency and stock markets of the world we are now in a vicious circle in which such confidence cannot be restored until we actually pull the trigger which will place us at the mercy of the political establishment of Europe and the various global influences to which they will be subject.
You could not have opened a bigger Pandora's box if you tried. You do understand the commercial view of the political establishment, of any political establishment to achieve anything.
So you may be right NLA it may all ultimately settle down and all will be right with the world though at my veteran stage of life I fear not in my life time.
I concede I have little knowledge of the Asian and Middle East financial and commercial markets but along with most of the people I worked with, armed with my degree and banking qualifications, during a 4yr career in a High Street Bank Treasury, a 12yr career with that bank in international finance and business development involving international industry organisations, banks, corporate investors, and corporate clients from the Netherlands, Germany, France, Switzerland and the USA, a further 7yrs doing the same in the USA I gave up believing in fairy stories a very long time ago.
For all that I can acknowledge that for you and your approach you may have done the right thing.
For the rest of the world and particularly the 3mn mainland EU citizens who came to live, work and invest their lives in the UK, and the 1mn expats many of whom will have done the same thing in countries across Europe, where the income of those reliant on their UK pensions will have already plummeted 20 per cent in days I am not so sure.
Those lives have been damaged today. In the absence of continuing health cover reciprocity many who simply signed up to the idea of being a European will have to work out how to extract themselves from an uncertain future with as little pain as possible.
So I sincerely hope you and the many others who appear to support your view do feel a little bit safer, a little more emboldened to take on the world to make Britain great again.
I do not doubt and indeed respect your commitment to the cause but I fear your confidence to the commercial understanding, the collective abilities and indeed political integrity of the political classes is a step too far.
One small anecdote - the only comparable financial shockwave in recent times was 9/11. The 2008 crash was less a shock wave more a pretty much guaranteed certainty with the behaviour of global banks becoming increasing questionable since the 1990's. The only real surprise was the scale and just far across the world it spread.
In 2001 the events of 9/11 shocked the world. The human tragedy was immense and I in no way belittle that.
In financial terms however Bush continued his "rabbit in the head" performance in support of the US Leisure industry.
As people across the US stopped flying the airlines industry and the related travel and leisure industry faced Armageddon with US banks running for cover dropping airline clients quicker than a hot brick, with airlines trawling the world for financial support, the Bush government did ..............absolutely nothing.
Hundreds of thousands of good hard working people, many of whom had worked for the airlines directly attacked by the terrorists lost their jobs damaging the local economies of cities across America.
It proved to be par for the course Bush did virtually the same with Hurricane Katrina in 2005.
The message is politicians do not handle surprises very well, in fact if they can make things worse they probably will.
I understand the valid grievances of many but you have effectively just put your salvation in the hands of the political classes, many of whom as that nice Mr Farage points out have never done a real job in their lives.
I sincerely pray your faith proves not to be unfounded. I for one will not be holding my breath.
We're at the top of the market. The world economy slowed down when the USA tapered off their qe. Government and personal debt in the developed world is at the highest levels ever recorded. Whilst I've not seen many major productivity increases across the board since 2008: I believe it's a lower increase than predicted in nearly every developed country. Any crash/price fall that sustains is due to underlying economic fundamentals, not to the shock that started the markets testing themselves.
Leavers remind me of Dr.Pangloss, but without any phillosophy behind their statehood. It does amuse me when they say we shouldn't be told by anyone how to run our borders/country by European bureaucrats and undemocratic legislating. But upon exit those lovely German car manufacturers won't allow any bar to free trade. Don't worry elected representatives will do the right thing when forced to by unelected big business. Yeah neo liberals free marketarians will have your back. Managed decline.
It will extend to every household who will pullback from the planned investment in the new house, the new car (with my modest resources I personally will no longer commit to this planned purchase for the forseeable future), the new television, the same holiday etc., etc.,
Grapevine, why won't you be buying a car as planned ?
Great post and very interesting well balanced view as normal
I found the brexit referendum a real thought provoking and proactive situation, the responsibility of the way the path can be changed placed upon the people of our country, now I knew from the very beginning that there would be so much made on immigration yet I hoped and I still believe that the vast majority of people who voted would do so with a balanced and non bigoted way,
I hoped that many would do research not be afraid to ask questions but still have a broad enough mind to make their decision on what they have discovered in the context of what that meant to them not from the point of view of the person explaining or answering questions,
I also knew that this decision will have a negative effect in the short to mid term, but the magnitude of the opportunity to decide on the whole member non member vote compelled me to think longer term and what my children may have more control over and be governed by,
I really don't like free movement I have said why enough times the pros do not outweigh the cons for me and that's a big part for me not immigration I don't mean that part of it, I do not like the way that there's no controls between countries there should be Imo especially in the time of world we live in
I also believe long term and it may be incorrect but that financially we will come through stronger long term
I never really felt European I have always felt British we are part of Europe and still will be, I am well traveled I am not by any means narrow minded or little Englander and I think that as a nation we are a great country we have a lot to offer and yet I feel that the EU turned it's back on us and left us with mo choice
Comments
Atm Ftse due to come in 70 up around 6050 ish
The FTSE is strictly col's territory.
Iceland.
I often use Legal & General for things like ISA'S as their tracker fund fees, for say the FTSE All Share Index is low.
FTSE 250 15318 +351.
Ok, they may well be down later or tomorrow, next week ,next month.
My point is markets fluctuate wildly on uncertainty and panicing after ONE DAY isn't sensible.
It's the panicers that tend to lose money.
With economic opportunities stunted, everyone will suffer for Leave voters wrongly blaming hard-working, taxpaying European migrants for everything they dislike about modern Britain and wrongly trusting economic charlatans like Mr. Gove.
"Economic charlatan". I like that.
Concentrate on your gun crime lads - leave the European stuff to us Brits.
Where as leavers have voted democratically for something they believe in and which they believe (rightly or wrongly) will be of benefit to our Country.
His new book/research advocates welcoming refugees as 1 euro spent on a refugee equates to 2 euros gained over 5 years....
He is a former adviser to the European Commission too.
I read the article this morning on the rattler and had steam coming out of my ears at two of the paragraphs.
Indeed, if Britain had done a deal with Hitler to let him have the rest of Europe, we'd have been better off financially. Money isn't everything
There are definite befits in a lower pound; higher exports, higher value of invisible earnings.
However we do need to get on with it and reduce the uncertainty.
Cameron has added to that uncertainty. He should be put against a wall and shot. He originally promised a referendum and said he would respect the vote. If he hadn't campaigned in the fantasy way he did he could have stayed on for a period of time so we rapidly could enter and conclude terms of Exit. He has added to the panic.
It could be argued that bankers got carried away with a general feeling of no boom and bust as even confirmed by our PM at the time and took risks because they thought they were indestructible without any expert advisors to guide them away whereas we had plenty of experts predicting recession should we leave the EU but people chose to ignore that advice.
Don't get me wrong, there are plenty of tosser bankers but I just find it interesting that people are very quick to blame when it is not them and quick to find deflection if there isahance it may be them.
No matter, it is massively early days in all this and with luck the market will settle and find a new equilibrium.
Tory Leadership contest - Boris Wins
Labour Leadership contest - Tom Watson / Angela Eagle (or someone else to do with golf) wins
Parliament votes on Bexit - loses - Brexit on hold.
General Election - Hung Parliament
Coalition Government - Referendum called on Brexit
Brexit canceled.
Politicians on all sides say "don't blame us for the chaos - we didn't win the General Election outright"
Now I agree most grown ups will have seen much of this before, and many will see and seize any and every opportunity to profit.
These market fluctuations are however merely the first public indicators of the destruction of confidence in the worlds economy. The collapse in markets is world wide. It has damaged confidence in the world's ability to trade.
The wider malaise will be that loss of confidence will become ever more evident in the boardrooms of central banks, investment banks, retail banks, major corporations, manufacturers and major businesses across the world. There will be consequences.
It will extend to every household who will pullback from the planned investment in the new house, the new car (with my modest resources I personally will no longer commit to this planned purchase for the forseeable future), the new television, the same holiday etc., etc.,
Now it is entirely true we have been there before and worked through it. However there is one fundamental ingredient that has been there over the past 4 decades which is now no longer there. We will now no longer have guaranteed continued access to freely trade with European Markets.
We have walked away from that guarantee.
So your premise is based on the ability of the executive of this government to secure such future guarantee or drive new global trading initiatives to restore equilibrium. A government executive which is as yet not even in place, one which has yet to even determine its precise negotiating stance or the timeline in which it will be able to actually pull the Article 50 trigger.
At the same such executive will have to deal with the wishes of the devolved governments of Scotland, Northern Ireland, Wales and even poor old Gibraltar, who are strongly against any such move.
All against the background of negotiations with an EU executive and 27 constituent governments, the EU Central bank, the Central banks of 27 European countries all of whom have not the vaguest notion of how to address this issue, have never done it before and quite frankly need it like a hole in the head.
May I suggest you cast your eyes across the list of countries involved and consider for one moment the global trading and central bank expertise of most of these countries even before you address the political panorama that will be on display.
You seriously expect such a disparate set of political and economic ideologies to come anywhere close to agreeing their negotiating position within a 2yr negotiating timeline.
The whole point is it has never been done before and you seriously expect a positive outcome.
We have just lived through 30 months of an executive who had the relatively simple task of running a professional football club in the UK for the first time. It has not gone well. Multiply that 27 times and exponentially multiply that by the complexity of global market trading and the global economy and you will get some idea of the task you have set the legislative assemblies of Europe.
The simplest answer is they will simply not get it done. Certainly not within the 2yr timeline which will mean the UK will after 2yrs be cast adrift to make ad hoc agreements as and when it can.
So with the best will in the world, which will certainly not be evident from the other side of the negotiating table you cannot guarantee when or even if we will restore the same free access to one of the largest trading areas on the planet.
Now while the scenario I have painted is speculative, though no more speculative than yours, that you cannot guarantee access to the single market is not speculation it is fact.
So with the damage to confidence done as evidenced by the currency and stock markets of the world we are now in a vicious circle in which such confidence cannot be restored until we actually pull the trigger which will place us at the mercy of the political establishment of Europe and the various global influences to which they will be subject.
You could not have opened a bigger Pandora's box if you tried. You do understand the commercial view of the political establishment, of any political establishment to achieve anything.
So you may be right NLA it may all ultimately settle down and all will be right with the world though at my veteran stage of life I fear not in my life time.
I concede I have little knowledge of the Asian and Middle East financial and commercial markets but along with most of the people I worked with, armed with my degree and banking qualifications, during a 4yr career in a High Street Bank Treasury, a 12yr career with that bank in international finance and business development involving international industry organisations, banks, corporate investors, and corporate clients from the Netherlands, Germany, France, Switzerland and the USA, a further 7yrs doing the same in the USA I gave up believing in fairy stories a very long time ago.
For all that I can acknowledge that for you and your approach you may have done the right thing.
For the rest of the world and particularly the 3mn mainland EU citizens who came to live, work and invest their lives in the UK, and the 1mn expats many of whom will have done the same thing in countries across Europe, where the income of those reliant on their UK pensions will have already plummeted 20 per cent in days I am not so sure.
Those lives have been damaged today. In the absence of continuing health cover reciprocity many who simply signed up to the idea of being a European will have to work out how to extract themselves from an uncertain future with as little pain as possible.
So I sincerely hope you and the many others who appear to support your view do feel a little bit safer, a little more emboldened to take on the world to make Britain great again.
I do not doubt and indeed respect your commitment to the cause but I fear your confidence to the commercial understanding, the collective abilities and indeed political integrity of the political classes is a step too far.
One small anecdote - the only comparable financial shockwave in recent times was 9/11. The 2008 crash was less a shock wave more a pretty much guaranteed certainty with the behaviour of global banks becoming increasing questionable since the 1990's. The only real surprise was the scale and just far across the world it spread.
In 2001 the events of 9/11 shocked the world. The human tragedy was immense and I in no way belittle that.
In financial terms however Bush continued his "rabbit in the head" performance in support of the US Leisure industry.
As people across the US stopped flying the airlines industry and the related travel and leisure industry faced Armageddon with US banks running for cover dropping airline clients quicker than a hot brick, with airlines trawling the world for financial support, the Bush government did ..............absolutely nothing.
Hundreds of thousands of good hard working people, many of whom had worked for the airlines directly attacked by the terrorists lost their jobs damaging the local economies of cities across America.
It proved to be par for the course Bush did virtually the same with Hurricane Katrina in 2005.
The message is politicians do not handle surprises very well, in fact if they can make things worse they probably will.
I understand the valid grievances of many but you have effectively just put your salvation in the hands of the political classes, many of whom as that nice Mr Farage points out have never done a real job in their lives.
I sincerely pray your faith proves not to be unfounded. I for one will not be holding my breath.
We're at the top of the market. The world economy slowed down when the USA tapered off their qe. Government and personal debt in the developed world is at the highest levels ever recorded. Whilst I've not seen many major productivity increases across the board since 2008: I believe it's a lower increase than predicted in nearly every developed country. Any crash/price fall that sustains is due to underlying economic fundamentals, not to the shock that started the markets testing themselves.
Leavers remind me of Dr.Pangloss, but without any phillosophy behind their statehood. It does amuse me when they say we shouldn't be told by anyone how to run our borders/country by European bureaucrats and undemocratic legislating. But upon exit those lovely German car manufacturers won't allow any bar to free trade. Don't worry elected representatives will do the right thing when forced to by unelected big business. Yeah neo liberals free marketarians will have your back. Managed decline.
Great post and very interesting well balanced view as normal
I found the brexit referendum a real thought provoking and proactive situation, the responsibility of the way the path can be changed placed upon the people of our country, now I knew from the very beginning that there would be so much made on immigration yet I hoped and I still believe that the vast majority of people who voted would do so with a balanced and non bigoted way,
I hoped that many would do research not be afraid to ask questions but still have a broad enough mind to make their decision on what they have discovered in the context of what that meant to them not from the point of view of the person explaining or answering questions,
I also knew that this decision will have a negative effect in the short to mid term, but the magnitude of the opportunity to decide on the whole member non member vote compelled me to think longer term and what my children may have more control over and be governed by,
I really don't like free movement I have said why enough times the pros do not outweigh the cons for me and that's a big part for me not immigration I don't mean that part of it, I do not like the way that there's no controls between countries there should be Imo especially in the time of world we live in
I also believe long term and it may be incorrect but that financially we will come through stronger long term
I never really felt European I have always felt British we are part of Europe and still will be, I am well traveled I am not by any means narrow minded or little Englander and I think that as a nation we are a great country we have a lot to offer and yet I feel that the EU turned it's back on us and left us with mo choice