predicting

Predictions

Sep 12, 2018
Thomas Hawk / Flickr.com https://tinyurl.com/y8xhg4xu

Stop trying to aim at (and hit) a target you can’t see. Doing so usually results in harm to yourself or others.

Here’s a news flash: the future is really, really difficult to predict. For every economist pessimistic about the remainder of 2018, I can find you an optimist. But to be honest with you, I have no idea which one is going to be right about 2018. Or 2019.

 

In April 2000, the International Monetary Fund released a statement affirming that “the picture for global growth is a strong and quite positive one for the year 2000 and we believe beyond.”

Ken Teegardin / Flickr.com http://tinyurl.com/jvdw3g5

How is anyone supposed to do any financial planning these days?

After all, we don’t know if taxes are doing down, the affordable care act is going away, jobs are coming back or a border fence is going up!

How are we supposed to know what to do next?

Really? Is it really that difficult?

Or are you just stuck because your concept of financial planning is proving to be fatally flawed?