Confounding world expectations, Britons have voted to leave the European Union behind and strike out on a path of their own.

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While world markets are reacting negatively, what exactly does this unexpected decision mean for your portfolio and our economic future as a country? British polls closed last night June 23 at 10 p.

When the votes were finally tallied, By headcount, it was a very close vote with only 1. First, British Prime Minister David Cameron — a staunch supporter of staying in the member European Union — announced his resignation.

Second, Scotland has announced it will likely hold its own referendum to break away from the U. It will likely take several months for Cameron to leave and even longer for England to work out the terms of its exodus from a united Europe. In the meantime, more questions remain…. Just keep the following in mind:. When is the last time you actually looked at your holdings? The first thing to do is a checkup. Figure out if your asset allocation makes sense for you. For many people, what makes the most sense is a target retirement fund.

You select the year closest to when you want to retire and simply put all your money into it. Then the fund manager adjusts the risk level over your working years. Know your retirement horizon.

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Just keep dollar cost averaging. Do not allow news of today to take your off the target you are trying to achieve, which is long term financial security.

Doing it that way ignores that companies have a lifecycle just like people. They do well for a period and then they may lose their way over time. Investing should be dull so you get to live an exciting life. A lot of people think investing should be exciting because they live dull lives.

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But the exact opposite is true. For more money advice, see our Money section.

By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. Learn about careers at Cox Media Group Privacy Policy Ad Disclosure. In the meantime, more questions remain… What should you do next?

Just keep the following in mind: Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust.

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