Be wary of forecasts
Posted by: Nicola Macdonald, on February 2, 2016.
Don’t believe everything you hear from forecasters
January can often be referred to as the ‘funny season’ in financial markets with everybody telling us what they think might happen during the next 12 months, the next month, the next day and even the next hour, but we know that evidence shows us that these forecasters are wrong more often than they are right, so what should we do with these forecasts?
In this brilliant 5 minute audio, Carl Richards, an American Financial Adviser and regular columnist in the New York Times explains what you should do with these forecasts (guess what!) and how irrelevant they become when you have a simple and concise personal plan, which includes an investment plan.
We strongly recommend you take the time to listen to it. And be wary of forecasts!
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