Image Credit: Christophe Vorlet
By Jason Zweig | Jan. 5, 2018 11:22 am ET
Forget Dow 25000. Every year is full of surprises, but there are a few things every investor should expect to see happen in 2018.
With companies moving less in lockstep, professional investors will declare this a “stock pickers’ market.” Asset managers will proclaim that the impending rise in interest rates means you need bond funds that can hold any kind of debt. After years of smooth increases, even a 5% decline will set off cries of panic. And reported returns will shoot upward as the financial crisis of 2008 is jettisoned from 10-year track records. A look at these trends now should help keep you from overreacting — or acting at all — when they transpire….
To read the rest of the column: The Wall Street Journal, http://on.wsj.com/2m27tR6
For further reading:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor