#078: The Ridiculous Inaccuracy of Stock Market Predictions [Encore Presentation]
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 25 June 2018
⏱️ 37 minutes
🧾️ Download transcript
Summary
While we move into our new recording studio, and with all the new listeners coming on board, we are replaying an episode from 6 months ago: The Tatoo Factor and Predictions that Didn't Happen
Devin shared some examples of pretty dire predictions by investment professionals, and asked David and Andrew how they would respond.
David points out that the fear of losing everything is pretty compelling – there's a natural instinct to avoid danger.
Andrew recommends that clients focus on their individual plans that has been prepared for their unique situation and risk tolerance.
For more information, visit the show notes at http://www.bigpictureretirement.net/052
Transcript
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| 0:00.0 | Hey everybody. My name is Steve. I'm the editor, engineer, producer, whatever you want to call it for John and Devin's Big Picture Retirement Show. |
| 0:06.4 | I wanted to let you know. Devin is still moving the Big Picture Retirement Sound Studio into his new location. And we wanted to give you guys a little bit of a break during the summer. We know that sometimes listenership is a little bit low. and it's kind of fun for new listeners |
| 0:18.8 | who may not have heard some of the back catalogs |
| 0:21.1 | so we're going to do a replay |
| 0:22.1 | on an episode that came out just in December, |
| 0:24.7 | December, and it's kind of fun for new listeners who may not have heard some of the back catalogs, |
| 0:21.1 | so we're going to do a replay |
| 0:22.0 | on an episode that came out just in December, December 2017, |
| 0:26.3 | called Recent Predictions That Didn't Happen. |
| 0:28.9 | So enjoy. |
| 0:30.2 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:35.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:43.0 | Hello everyone and welcome to the big picture retirement show where we deliver |
| 0:46.6 | insight on what you need to know for a meaningful and successful retirement. |
| 0:50.9 | If you are planning for or living in retirement, this is the show for you. I'm Devin |
| 0:56.2 | and with me today, as he always is, is my co-host, John Ross. Howdy. |
| 1:03.5 | John, I have a question for you. Have you watched any good movies lately? Well, I did see Star Wars. |
| 1:09.2 | Oh, no. I said good movies. |
| 1:14.4 | Well, I did see Star Wars. Oh, I said good movies. Well played. |
| 1:16.5 | Yeah, no. |
| 1:17.3 | Good movies. |
| 1:18.1 | I don't know about you and your house, but now I still have small children in my house, right? |
... |
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