Brexit

deVere Group CEO Points to Investment Opportunities As Brexit and U.S.-China Tension Loom

deVere Group CEOdeVere Group CEO Nigel Green has warned investors to revise their portfolios given the near term volatility due to Brexit and the U.S.-China trade tension, although a deal in the UK appears more likely than de-escalation in the latter.

“Global financial markets are likely to fall on Monday and remain highly volatile in the near-term on geopolitical headwinds. This means investors should revise their portfolios to safeguard their wealth whilst simultaneously taking advantage of the buying opportunities. There does seem to be a glimmer of hope of the UK securing a Brexit deal with the EU. This is largely due to fears that a no-deal Brexit will seriously hit EU economies, many of which are already on the brink of a recession, including the largest one – Germany.

“The last thing the EU needs is the UK to crash out in a no-deal scenario, dragging down its own vulnerable economies. As such concessions towards UK Prime Minister Boris Johnson’s approach seems increasingly likely. However, this chink of light in a major geopolitical issue will be offset by
escalating trade tensions between the U.S. and China. The increasing trade dispute between the world’s two largest economies is impacting not only their own economies but also economies across the world. And as further tariffs, punitive sanctions on firms and, possibly, currency devaluations are likely, the situation can be expected to create further market turbulence in the near-term”, Green wrote.

The deVere Group CEO recognizes opportunities to capitalize on the current geopolitical climate and investors should embrace some volatility.

“Fluctuations can cause panic-selling and mispricing. Sought-after stocks can then become cheaper, meaning investors can top up their portfolios and/or take advantage of lower entry points. This all typically results in better returns. A good fund manager will help investors seek out the
opportunities that turbulence creates and mitigate potential risks as and when they are presented. Investors need to stay invested, carefully monitor the geopolitical factors that drive returns, ensure portfolios are properly diversified and revise their portfolios where necessary in order to sidestep the risks and benefit from the major buying opportunities.”

deVere Group is an independent international financial consultancy providing expert advice to expatriate clients and investors around the globe since 2002. The firm has well over 80,000 clients in more than 100 different countries and in excess of $10 billion under advice and administration. The company has recognized the value of the cryptocurrency market and launched an app that allows users to store, transfer and exchange Bitcoin, Ethereum, and LiteCoin.

deVere Group’s Chief Executive Officer Nigel Green expects demand for cryptocurrencies to skyrocket in the next 12 months and Bitcoin price to shoot up by 50 to 60 percent.

In 2018, the firm conducted a research study that found that six out of 10 people with currently no exposure to cryptocurrencies would consider including cryptocurrencies like Bitcoin into their investment portfolios. The poll also found that seven out of 10 people who do hold cryptocurrencies were planning to increase their exposure in the next 12 months.

Also in 2018, Nigel Green commented on Warren Buffet’s negative comments about Bitcoin over the years: “Do they honestly believe that there is no place for, and no value of, digital, global currencies in an increasingly digitalized and globalized world? Do they not see many of the world’s major tech companies, established banking groups and household name investors investing in, using and/or beginning to adopt cryptocurrencies? Do they not see governments, central banks and financial regulators recognizing the need for regulatory frameworks because cryptocurrencies are becoming so mainstream?”, he said.