It’s that time again when the world attempts to foresee the twists and turns the coming months might bring. As the air buzzes with predictions and forecasts, it's worth stepping back and glancing at the rearview mirror of history. In it, you’ll see that predicting the future isn’t as easy as it seems.
Here’s some of what we discuss in this episode:
Despite positive economic indicators and predictions, the stock market and investors suffered in 2022
Despite concerns such as a softening job market, high office vacancies, and geopolitical tensions in the Middle East, the end of 2023 saw a surprising global market rally
The unpredictability of the future and the impact of past events in shaping the future
The overwhelming nature of the news + having a financial plan, purpose, and philosophy for your money
Don’s formula for clarity and confidence in financial planning: C > I + E + P x M (Cognitive Thinking greater than Instinct + Emotion + Perception multiplied by Media)
Bad News For the Economy is Good News for the Stock Market