Cracks in the crystal ball

Each new financial year we see countless predictions and forecasts of what some of the top economists think will occur over the coming 12 months. From future interest rate expectations to inflation, share markets, recessions and unemployment, these are widely broadcast across our media and can have an impact on how some people behave with regards to their financial assets. As you will see in the article here, a look back at the predictions from 12 months ago shows how far off a lot of the forecasts were. It re-affirms to us, to stay the course with your investment strategy and not make big decisions based on these forecasts as they offer absolutely no certainty.