044: The Perils of Predictions

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Catching the Coin

Business


Prognosticators have been making their predictions since long before we were born. What is a Prognosticator? Someone who makes predictions and forecasts. Let's take a look at that…. In This Episode We Look At: Infamous predictions of the past—that didn't happen Current financial predictions and how acting upon them can destroy your wealth Why individuals and institutions make predictions? HINT: They can profit from your fear. Today's Resources and Links: You can have a look at the downside of predictions, in the shoes of one who made a big prediction and learned to regret it: LINK One Thing You Can Do Today to Improve Your Financial World: Learn to recognize the Doom and Gloom predictions. Stay true to your planned investment strategy and remember that wealth is created by owning equities for the long term. What Are Your Thoughts? If you have a question or comment about today's topic, we invite you to share your thoughts.