On this episode of A Wiser Retirement™ Podcast, we talk about financial concerns that are unlikely to happen with Casey Smith, Missie Beach, CFP®, CDFA®, and Andrew Pratt, CFA. We discuss various political, financial, and market-related predictions and concerns that never materialized. We also highlight the necessity of having a robust financial plan that aligns with your goals, risk tolerance, and lifestyle.
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Start with Financial Planning
We begin by talking about the unexpected nature of financial planning, drawing on the example of how investments actually come last in the planning process. We emphasize the importance of having a solid financial plan in place before determining investment strategies, focusing on clients’ goals, lifestyle needs, and risk tolerance. We share their thoughts on recent political events and the rhetoric surrounding the US presidential election, acknowledge the economic implications, and express some concerns.
Predicting the stock market has always been challenging, and history is replete with forecasts and predictions that never materialized. Here are some notable examples:
The Great Crash 1929
2008 Financial Crisis
Japan’s Stock Market Crash in the 80’s
Brexit Impact Predictions
Dot-com Bubble Predictions
There have been numerous political concerns related to the stock market that generated anxiety but ultimately did not materialize as predicted. Here are some notable examples:
Y2K and Stock Market Crash
Cold War Fears
Various US Political Scandals
Global Political Instability
Political Election Outcomes
Stock Market Predictions
Predicting the future of the stock market involves a great deal of uncertainty, and it’s important to be cautious about making definitive statements about what will “never” happen. However, there are certain extreme scenarios or concerns that are often considered highly unlikely in the context of a stable and regulated market environment:
Total Collapse to Zero
End of Capitalism
Global Synchronization of Crashes
Unilateral Control by a Single Entity
Elimination of All Risk
Permanent Loss of Public Trust
Approach Predictions and Financial Concerns with Caution
It’s important to remember that while these scenarios are considered highly unlikely, the stock market is complex and influenced by a multitude of factors, including economic, political, and social forces. As such, predictions and concerns should always be approached with a degree of caution and awareness of their inherent uncertainties. These examples demonstrate how political events and financial concerns can create uncertainty and lead to predictions about the stock market that do not always materialize.
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