Let the Prediction Season begin!

January 2, 2020  |  

Let the Prediction Season begin!

At the beginning of every year, market pundits come out of the woodwork to forecast returns for the coming year. Even though there is overwhelming evidence that market forecasting is a fruitless endeavor, legions of investors hang on every word and amend their long-term investment strategies based on short term predictions. This behavior can lead to very expensive mistakes.

An article that reinforces this point recently appeared in the New York Times. It is well worth reading. You may want to reread the article if you are tempted by the Siren Song of stock market pundits.

All of us at Independence Advisors wish you peace and prosperity in 2020. Happy New Year!

About Charles Boinske, CFA

Charles P. Boinske, CFA, is a 30 year investment management veteran overseeing the strategic direction and portfolio management process for Independence Advisors, LLC. Have a question for Charles? CLICK HERE TO ASK CHARLES
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