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Homeowners, Long-Term Investors And Travelers Can Reap Brexit Benefits

Homeowners, Long-Term Investors And Travelers Can Reap Brexit Benefits

Global equity markets, futures, currencies and various other asset classes came crashing hard last week after the people of the United Kingdom voted to withdraw the country's membership from the European Union in the hotly contested Brexit vote.

The selloff carried over to Monday, but since then, the market has been relatively calm with the Dow Jones index gathering what appears to be enough momentum to flirt with the 18,000-level once again.

With relative calm being the new norm (at least for the time being), Time suggested several ways to profit and take advantage of the Brexit fallout.


The yield on the 10-year Treasury fell to as low as 1.44 percent which is the lowest point it has been in four years. The lower borrowing cost should result in homeowners looking to refinance their mortgage.

For example, a $300,000 30-year mortgage initiated in 2010 at a 4.07 percent interest rate could be refinanced today and should result in savings of $600 a month.

Related Link: Will The Brexit Affect Your Retirement Plans?

Portfolio Re-Balance

Stocks are still lower Thursday than they were immediately preceding the Brexit vote. Of note, bank stocks should warrant a closer look by investors, including Wells Fargo & Co (NYSE: WFC) and JPMorgan Chase & Co. (NYSE: JPM).

Book A Flight To Europe

Finally, travelers can visit Europe for a lot less currently than in the past. For example, the British pound is trading at approximately $1.34 U.S. dollars after trading above $1.50 for most of 2015 and above $1.60 in 2014.

The euro is also trading at around $1.11 per U.S. dollar after trading near the $1.40 level in 2014. However, holiday-goers could have scooped up some euros
on the cheap late last year when it was trading at around $1.06.


Related Articles (JPM + WFC)

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