Every day we hear on the radio or see on the television or print media reasons to make emotional decisions with our money. Every day there are reasons for any asset class to go up OR down. Every day there is new information that will affect us in a positive or negative way. The variables that can affect investments are never the same as there are hundreds if not thousands of such variables.
You can justify almost any imprudent investment decision with “facts.” Information is filtered by our emotions to create “facts” that support our decisions or beliefs. Without outside guidance, it is impossible to tell when and how this happens. Truth in the field of investing is elusive. It may not be lies but rather that no one knows what will happen next. You may find someone who makes a correct “prediction” however there is no evidence that this same person or institution will be right going forward.
To truly succeed in investing for the long term, you must own equities…..globally diversify…..rebalance.