News, Resources, Insight and Opinion from Browning Financial Planning
Market predictions are a waste of time
Posted by Dominic Browning
05/12/23
Warren Buffet said "I have never met anyone who can forecast the markets. Forecasts tell you more about the forecaster than the markets".
What is important is not running out of money in retirement and this is usually avoided by consistent, long-term saving into global equity funds and NOT attempting to time the markets.
Investment markets have been very kind to global equity investors over the last two years. After a period of sideways markets and soaring inflation, the S&P 500 (the world’s premier stock market) rose by 24% in 2023 and another 23% in 2024. Continue
Working in the financial services industry, we are confronted with the power of compounding on a daily basis. We see clients who make it work for themselves (investments) and clients who make it work against themselves (debt). Continue
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