Timing the Market | Can Experts Be Trusted?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.6 • 2.8K Ratings
🗓️ 29 June 2018
⏱️ 14 minutes
🧾️ Download transcript
Summary
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.
Find out just how harmful it can be to investors when investment advisors and media personalities peddle predictions. Learn why your investment decisions should instead be based on your individual circumstance, risk management, as well as on valuations of asset classes and companies.
For more details, please visit the show notes on our website:
https://www.moneyguy.com/2018/06/timing-the-market-can-experts-be-trusted/
Transcript
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| 0:00.0 | the experts. Notice I'm using the rabbit ears experts. How good are their predictions? |
| 0:06.1 | It's Brian Preston, the money guy. Restoring order to your financial chaos. Retirement. |
| 0:13.2 | Investing. Taxing. You've got financial questions. He's got financial answers. It's Brian Preston, |
| 0:20.3 | the money guy. Welcome, money guy family. It's your host, Brian Preston. Go on beyond common sense. |
| 0:26.0 | Please go check us out. Money guy.com. That way you can connect with us on YouTube, |
| 0:31.5 | Twitter, Facebook, all the other channels we have for social media. This one, Bo, I feel like |
| 0:37.9 | really is going to be helpful to the public. I can't get out of my mind right now. The fact that |
| 0:42.9 | you just told everybody you were doing money years and served. I listened to iTunes and Stitcher |
| 0:47.1 | and IHR radio. They couldn't see the money years. But now, if you're listening to this and you |
| 0:52.8 | haven't watched, go check out our YouTube channel. A lot of fun stuff out there. I'm excited about |
| 0:57.0 | this one. I feel like we need to preface this because I think it's like a public service. This is |
| 1:01.7 | the official money guy show public service announcement. The inspiration for today's show kind of comes |
| 1:08.5 | from we did a quarterly report not too long ago and we wrote some commentary and one of the sections |
| 1:14.4 | of it was talking about how you have to be careful of the professional pundits that are out there. |
| 1:19.6 | I want to give you some perspective. Barons at the end of 2016 asked all the financial analysts |
| 1:25.6 | out there. Give us your best prediction for how you think 2017 will turn out because as we remember, |
| 1:32.4 | just kind of jumping back into the time machine, trying to figure out what we think the T-Leaves |
| 1:36.9 | will bring forward. In 2016, we had just elected a brand new president. The election, let's say, |
| 1:42.4 | was surprising to a lot of people. I think the pundits were also kind of playing their cards on |
| 1:49.3 | what they felt like from the election, what they thought was going to happen in the economy. |
| 1:53.4 | And here's the result of this survey by Barons. One in 10 expected the S&P 500 to close above |
| 2:03.2 | 2500 at the end of 2017. So I'm going to say that differently. One out of 10 experts, people who's |
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