Wall Street forecasts lack persistence. Their shelf life may only be a few weeks or months at best and 2020 was a great example. Once COVID hit, existing forecasts became worthless. This happens just about every year – excuses abound as to why the “experts” got it wrong…again.
Despite their propensity to mislead investors, forecasts are alluring because they provide an illusion of certainty. And our brain wants certainty. The problem is that we are looking for certainty in the wrong place.
Below, please find our forecast for 2021. The difference from Wall Street’s predictions is that ours are based on enduring investment truths and investor behavior. The news and markets change all the time; but this forecast does not. Not only is it reliable, it’s of immense value to help investors achieve their goals.
This is nearly identical to our forecast for 2020 and years prior to that:
Investing is simple, but not easy. It is difficult to stick with a strategy when it is out of favor. Patience and discipline are virtues because they aren’t easy, yet they are essential for your success. As advisors, one of our most important roles is helping you decipher the noise from what really matters for your financial success.
We wish you a prosperous, fulfilling and happy 2021. Thank you for allowing Biondo Investment Advisors to be your trusted partner along the journey.
©2021 The Behavioral Finance Network. Used with permission.