Preparation for the times ahead

[BongoHunter]

Discussions at work recently have made me start to more seriously consider my plans for the next few years - we've been faced with a choice as a nation, have made it, and for the moment at least our political leaders are going forward with it. Whether you agree with it or not, Brexit is something that most of us might want to consider preparing for.

You may be a Leaver, or a Remainer, or even indifferent to the whole affair - but preparing for the worst while hoping for the best can only be sensible, and Brexit has the potential to be the biggest driver of change in our society in recent history.

I've made, or am in the process making the following changes myself, and will be looking to do more depending on how things pan out:
- Diversifying my skills a bit more, as I'm in a very specialist field at the moment that very few companies have a use or the money for.
- Split my savings into multiple currencies, and have converted a small amount into precious metals.
- Altered my pension pot to lower risk and increase diversity of the investments.
- Reducing out goings as much as possible to increase savings even more (not living like a monk yet though!)

So OcUK, what are you doing, if anything, and why, or why not?

 

[BongoHunter]

A bit of a doomsday op, are we going to be plunged into darkness or something, I shall just carry on a normal.

I'm ever the optimist and hope that everything will be fine, I don't expect to loose my job or anything - but it's that "what if" in my mind that made me post this topic.

Say for example the GBP lost a third of its value over the next 5 years? Seemed incredibly remote chance of that before the vote, and even now I doubt things will go that badly - but the odds of it happening can only be increasing for the moment at least. I just want to minimise the risks to my household - nothing more.

If the GBP falls enough - everyone will feel it.

 

[BongoHunter]

You're obviously underestimating the power of Goldman Sachs then... You think he would post that sort of thing for the fun of it?

I can see what your getting at, but I feel May and Co have backed themselves into a corner with the whole "Brexit means Brexit" stance - even though they themselves would love to stop the whole thing at this point I would think