Why You Should Pay Attention to Stock Market Forecasts
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 5 January 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
Today I'm talking about market forecasts and predictions.
Why?
Unlike the core principles that create a successful investment outcome, the financial + economic environment is always changing.
And the current environment drives a lot of our assumptions and decisions about the future.
While I think investors should ignore most pundits, I do believe thoughtful forecasts are valuable.
If you want to learn more about how to approach stock market forecasts (which there is no shortage of right now!), this episode is for you.
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Transcript
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| 0:00.0 | Welcome to the Stay Walthy podcast and Happy New Year. I'm your host Taylor Schulte, and today I'm recovering from a little technical issue that we had here on the podcast. In the chance you saw or even listened to yesterday's episode, which aired on our typical Tuesday morning schedule, you might notice that it's no longer |
| 0:21.5 | in your podcast feed. But don't worry, I'm going to quickly summarize what you might have missed |
| 0:26.3 | yesterday and use it as a foundation for today's what I'm going to call bonus episode about |
| 0:31.3 | market predictions and forecasts. And if you happen to catch yesterday's episode, you can go |
| 0:36.8 | ahead and fast forward through the next two minutes or so or just stick around and get a quick refresh before I move into today's topic. |
| 0:43.7 | So in yesterday's episode, I briefly shared two updates. |
| 0:46.9 | One was a big thank you to the almost 200 listeners who threw their name in the hat for the stay wealthy sweatshirts and completed the |
| 0:54.6 | survey. Many of you went above and beyond to provide optional written feedback to help improve |
| 0:59.8 | this show, which was incredibly generous and helpful. So thank you very, very much. For those of you |
| 1:05.2 | that completed the survey, the winner's names have been drawn and you'll hear from me by the end |
| 1:09.9 | of this week with |
| 1:11.1 | an update and next steps to claim your stay wealthy sweatshirt. |
| 1:15.1 | The second update was with regards to our foundation leak, which I shared about in the last |
| 1:19.8 | episode of 2021. |
| 1:21.9 | After sharing that episode, a number of listeners reached out to me with your personal stories |
| 1:26.2 | about water damage insurance claims, and it sounds like many of you have started to reach out to me with your personal stories about water damage insurance claims. |
| 1:28.4 | And it sounds like many of you have started to reach out to your insurance agents to confirm |
| 1:32.1 | what's covered and what's not covered, especially when it comes to water damage. |
| 1:36.8 | So when and if you get a clear response from one of your agents, please do let me know what |
| 1:41.9 | they say so I can validate some of the comments I made last month and help everyone better understand how insurance companies are handling |
| 1:48.5 | these types of claims. I also shared that while everything has gone very smoothly from my family |
| 1:53.6 | and I with regards to insurance and the handling of our repairs, by the way, which will be in |
... |
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