Buy low, sell high, the axiom for creating wealth from stock market investments, hasn’t changed in the days since Great Britain voted June 23 to exit the European Union, according to two Colorado Springs financial advisers.

The founder of Wealth Logic, Allan Roth said the stock market closed at an all-time high Monday, 16 business days after the vote.

Brexit should have little impact to the U.S. economy, because Great Britain is a relatively small trade partner with the country, he said.

As for its effects on investing: “We don’t know,” he said. “It could absolutely be nothing. It could be the beginning of the collapse of the European Union.”

If the stock market does drop, Roth says he urges his clients not to sell.

Selling investments after after their values have dropped, “is following the herd and seldom ends well,” he said. Slower economies create opportunities for foreign investors to buy stocks while prices are low, he said.

- Advertisement -

Roth speculates the overall affect could be small, but could also lead to “long-term impacts such as another Great Recession or worse,” he said in an article he wrote for, a website for financial planners and advisers.

While the political decision by Britain voters may be the first domino to fall in the EU, Roth says his advice hasn’t changed: Investors need a diversified portfolio, which includes investing in European markets.

Despite a drop in the global markets in the days immediately following the Brexit vote, the American market  “bounced back almost immediately,” said financial planner Dale E. Payne.

“I usually tell people to stay calm, trust the U.S. economy and get a good financial adviser so you’re well-diversified,” he said.

Brexit is a “big deal for England, but not for us,” he said.

If the exit decision triggers a global recession and a bear market, Roth says he would advise his financial adviser colleagues: “You’d better toughen up your clients now to do the unthinkable, which is buying stocks after the collapse.”