Articles & Insights
Financial Post: Managing Wealth  |  18 January 2013

Why savvy, wealthy investors ignore market forecasts

Every year at this time a bevy of market gurus trot out their forecasts for the coming year. My favourites are the stock return predictions which, year in and year out, tend to be in the 5%-to-10% range. This seems to make sense — since 1926, large-company stocks in the United States have earned an average annual return of 9.8%. No wonder most market calls end up within striking distance of this average. Read more >