This week I flew to Tucson to visit a client during a record breaking heat wave so I was expecting some pretty rough conditions. Planes definitely prefer cool weather. As I did my preflight preparations, I took time to add ice repellant to my wings. The repellant assists in ice removal, should I encounter any. Airplanes do not like ice, so being able to remove it is critical to a safe flight.
I was chuckling to myself as I applied ice repellant during a heat wave. So why did I do it? I have been trained as a pilot to be prepared for all possible conditions. I have learned no matter how smart I am, or how carefully I study the weather reports, it is not possible to know everything. Nature does what it wants and any pilot who is unprepared for that reality is not going to live long. So there I was preparing for ice in the sweltering heat.
As expected, the temperatures in Tucson were record breaking. Rolling down the runway, the plan was slower than usual to climb, as the blistering heat reduced lift and the hot engine generated less thrust. I was thankful I was wisely chosen the longest runway to give me plenty of margin. In the end, the flight was uneventful, until I began to descend through the clouds over the Grand Canyon and noticed ice forming on my wings. A smile came to my face as I watched it slide off the leading edge due to my preparation. You just never know with weather.
You have no doubt already been deluged with commentary on the British Brexit vote and what it may likely mean for the world economies. I have been a bit amused by all the experts, throwing their two cents in, trying to pretend they have the answers. These are the same experts who last Thursday were convinced the vote would be a victory for the "Stay" camp.
I will not pretend to know what Brexit will mean for the world economies. Too much is unknown. Instead I will continue to do what I have always done. I will resist fear and continue to seek value and opportunity, while keeping a little financial ice repellant on the wings, as it were.
British voters have rejected the establishment and voted for freedom. Their loud message, and spirit of rebellion, is not present only in Britain, but our own election cycle has demonstrated the same sentiment. Voters in both political parties have refused to cooperate with party leaders, and pollsters. I believe the British vote may indicate surprised lay in store for the American election as well. Investors be prepared.
As for Brexit, will it doom the world economy as some have predicted? In answering that question we are not without precedent. This is not actually the first Brexit vote. I believe that happened around 1776. History makes clear how that act of freedom affected the world's economies.
Hi, I'm Dan. I'm a CFP® Professional.
Securities and advisory services offered through Commonwealth Financial Network®.
Member www.finra.org / www.sipc.org , a Registered Investment Advisor. Wyson Financial, 1173 S. 250 W. Suite 505, St. George, UT 84770.
This communication is strictly intended for individuals residing in the states of AZ,CA,CO,DC,FL,HI,ID,IL,KS,KY,MA,MI,MN,MO,MT,NE,NM,NV,OH,OR,SD,TX,UT,VA,WA,WY. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.