Writer : Thansin Klinthanom (
https://www.facebook.com/Stocks-Research-617905188375844/)
Today, I received the questions from somebody who needs to know the next chapter of gold, real estate and stocks after Brexit's referendum, so If you already read my latest article (
https://www.facebook.com/photo.php?fbid=1235703143116208&set=a.350002285019636.88791.100000296035425&type=3&theater) you'll see the events that just happened after Brexit weren't be different from my prospect in the article.
To make a long story short, investors always put the money in safe-heaven (non-risk assets), like gold, bond and some currency such as dollar, yen when there're fluctuation or economy is under pressure, on the contrary, investors take risk-assets, like stocks, real estate and commodities when they're confident of global economy, so we've seen risk-assets were sold off and rising safe-heaven price in recently.
After Brexit, The pound dived 8% to a nearly thirty-year low against the dollar on Friday, Gold likely gained as a safe-heaven asset and stocks' market was falling. These events react as a theory that we could play on.
Needless to say, we should to play down on risk-assets and drive up safe-heaven owning to there're more fluctuation and too risk for hold the assets that are high volatile.
As for Thailand, we'll be few affected from Brexit due to export from Thailand to UK just be 2%, but risk can be expanded, if Brexit will bring on the others who also need to leave from EU and lead EU economy to be weaker than these day (Thailand exports to EU about 9% of total).
In summary, safe-heaven, like bond, dollar, are likely to invest today, as a result of dollar tend to be stronger than the others that may take additional policy responses, so stocks, gold, real estate including commodities are too risk for investment.
Brexit & Asset allocation
Today, I received the questions from somebody who needs to know the next chapter of gold, real estate and stocks after Brexit's referendum, so If you already read my latest article (https://www.facebook.com/photo.php?fbid=1235703143116208&set=a.350002285019636.88791.100000296035425&type=3&theater) you'll see the events that just happened after Brexit weren't be different from my prospect in the article.
To make a long story short, investors always put the money in safe-heaven (non-risk assets), like gold, bond and some currency such as dollar, yen when there're fluctuation or economy is under pressure, on the contrary, investors take risk-assets, like stocks, real estate and commodities when they're confident of global economy, so we've seen risk-assets were sold off and rising safe-heaven price in recently.
After Brexit, The pound dived 8% to a nearly thirty-year low against the dollar on Friday, Gold likely gained as a safe-heaven asset and stocks' market was falling. These events react as a theory that we could play on.
Needless to say, we should to play down on risk-assets and drive up safe-heaven owning to there're more fluctuation and too risk for hold the assets that are high volatile.
As for Thailand, we'll be few affected from Brexit due to export from Thailand to UK just be 2%, but risk can be expanded, if Brexit will bring on the others who also need to leave from EU and lead EU economy to be weaker than these day (Thailand exports to EU about 9% of total).
In summary, safe-heaven, like bond, dollar, are likely to invest today, as a result of dollar tend to be stronger than the others that may take additional policy responses, so stocks, gold, real estate including commodities are too risk for investment.