Predicting the Future
Posted by: Tad Weiss on October 9, 2020, Market Update
Turn on the news or hop on the internet and you will find no shortage of predictions for the upcoming Presidential election, the economy, and the stock market. In many cases these predictions make all the sense in the world, and investors can be tempted to move their portfolio based on them. At Modus Advisors, we generally discourage this behavior.
The primary goal of the media is to attract viewers or readers. Oftentimes, the most outrageous predictions get the most views or clicks. The media can be and often is mistaken. Here are a few predictions and quotes from past elections that did not turn out so well:
With the benefit of hindsight, we can see that each of these predictions was totally wrong. Many of today’s predictions will share the same fate. At Modus Advisors, we encourage our clients to develop and stick with a long-term investment plan, versus shifting your portfolio and investment plan based on the predictions of the day.
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The commentary on this website reflects the personal opinions, viewpoints and analyses of the Modus Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Modus Advisors, LLC or performance returns of any Modus Advisors, LLC client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Modus Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.