This post is a reminder that no one knows the future. It doesn’t matter how credible they seem. It doesn’t matter if they are talking about stocks, home prices, crypto, or anything else. It’s impossible to know what will happen tomorrow.

But that doesn’t stop people from making predictions. At the end of every year, big financial institutions forecast what the market will do in the year ahead.

We went back to last December and looked at all the predictions to see just how wrong everyone was. As you can see, they were WAY off.

This time last year, no one was predicting the S&P 500 would have one of its best years ever in 2023. We were just coming off a bear market, we had higher inflation, a recession was widely expected, and so on. BUT yet, here we are!

This is not a knock on any of these banks. It’s the reality that NO ONE can predict the future.

So, when that one person in your life tells you with certainty what the market is going to do, just nod and smile and go right on with your day. If the big financial institutions with every resource at their fingertips can’t accurately make predictions, your Uncle Joe definitely can’t either.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Vivi & Shane