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Remember when the “pundits” were forecasting at the end of 2016 that the closing value for the S&P wouldn’t rise above 2,500? The prevailing sentiment was certainly negative. In fact, just 1 of 10 Wall Street equity strategists polled by Barron’s on 12/17/16 forecasted a year-end 2017 closing value for the S&P 500 above 2,500. And then, as it turned out, the S&P 500 index closed the year well above 2,600.
Tune in to this week’s episode of The Money Guy Show as we discuss the sport of timing the market and what investors need to keep in mind. While we may enjoy speculating about what could happen, it’s important to remember that no one can predict the future, and that includes the financial future.
Investing the right way to achieve your financial goals isn’t accomplished by following media hype but understanding that staying in the market long-term is what helps you become successful.
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Free Resources
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If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
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