Prepare, don't predict: The folly of investment forecasting

Nothing is certain when it comes to investing. Just like life, everything in investing occurs within a range of possible outcomes. Some of these outcomes might appear more likely than others but actual, accurate forecasting is both incredibly difficult and unreliable. Taking a brief look at just some of the recent market shocks and current trends highlights how hard it is to make accurate predictions. We are currently experiencing a once-in-a-generation rise in interest rates, the impact of which will take a long time to work through. While rate rises were certainly higher in the late 19...