Another Brick in the Wall – BFSG’s Thoughts on the Brexit

by | Jun 27, 2016 | Wealth Management

By now you are aware that the United Kingdom (UK) voted Thursday, June 23rd to exit the European Union (EU) and end its membership to the EU since 1975.  Voters rejected the known status quo, and Prime Minister, David Cameron, announced his resignation following the outcome.  I couldn’t help but think of the British rock band, Pink Floyd, and their song “Another Brick in the Wall (Part 2)”, a protest song against rigid schooling in general and boarding schools in the UK in particular.

“We don’t need no education
We don’t need no thought control
No dark sarcasm in the classroom
Teachers leave them kids alone
Hey! Teachers! Leave them kids alone!
All in all it’s just another brick in the wall.
All in all you’re just another brick in the wall.”

The song talks about how the kids had a personal wall around them from the rest of the world, and the teachers were just another brick in the wall.  In the case of the “Brexit”, the “leave” camp (51.9%) voiced their dissatisfaction with EU economic and immigration policies.  They wanted to take back control and not be “another brick in the wall”.

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BFSG Wealth Management is a Registered Investment Advisor. Please remember that past performance may not be indicative of future results. Investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including investments and/or strategies recommended or undertaken by BFSG Wealth Management), or any non-investment related content, referenced directly or indirectly herein will be profitable, equal to any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security outside a managed account. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from BFSG Wealth Management. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of the BFSG Wealth Management current written disclosure statement discussing our advisory services and fees is available for review upon request.

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