Title: Ignoring stock-market predictions for 2021
Headings: Ignoring stock-market predictions for 2021
Ignoring stock-market predictions for 2021
Content: What type of investment strategy should be based on this type of foolish tarot-card approach to investing? I am always amazed how so many investors are actually interested in what the so-called “stock-market experts” predict the stock market will do. If all of these so-called experts know what the stock market is going to do, shouldn’t they all be predicting the same thing? When their predictions turn out wrong (as they almost always do), they will always blame their predictions turning out wrong due to some unforeseen event. “ Who would have ever thought or imagined that (fill in the blank) and (fill in the blank) would have occurred.” During my 20 years as a financial adviser, the one question I have been asked more than any other is, “What do you think the market will do?” My response has always been the same: “ I honestly don’t know.” Anyone with an answer other than “I don’t know” is lying. The truth is, no one can accurately predict the stock market for any meaningful period of time.