Economists Can Predict The Future...Not!

Royal American Financial Advisors, LLC, based here in Menifee, brings another weekly video on investing your money...

Economists don't know what is going to happen next or whether the economy is going to get better or worse. Do not base investment decisions based upon expert predictions or forecasts of the economic future. They have no idea what will happen. There are literally trillions of unknown variables that can change the direction of the economy in either direction.

The simple truth is no one can predict the future, not even a chart. There are too many unpredictable future variables (good and bad) that drive the market prices up or down short term. Think of all the factors that go into market prices…the weather, natural disasters, manmade disasters, political decisions, wars, technology discoveries, medical discoveries, where you shopped (or didn’t shop) today, people’s feelings, hopes, dreams, instincts, perceptions, facts, data, statistics, new news, and the list goes on and on. There is no chart or system that can factor in these unknown random variables to reliably predict a stock price or market direction. There are many “gurus” that will make you believe that they can. If you are an educated investor, you won’t be duped.

John Borger and Scott Buchanan of Royal American Financial Advisors, LLC provide investor education to help investors avoid costly and unnecessary mistakes, increase their potential returns, and take a more prudent approach to investing and growing their wealth.

You may contact them at (951) 679-2065, or check out their website at: http://www.myinvestmentcoach.com/