Archives For January 2017

2017 Forecasts

January 17, 2017

The abundance of market forecasts for the new year are before us once again. The following quotes might be useful to inoculate ourselves from those who seem to know how the market will play out this year.

“We’ve long felt that the only value of stock forecasters is to make fortune tellers look good.”
 Warren Buffet

“We have two classes of forecasters: Those who don’t know – and those who don’t know they don’t know.”
John Kenneth Galbraith

“Forecasts create the mirage that the future is knowable.”
Peter Bernstein

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
Mark Twain

 

 

The Social Security Administration has announced it’s third policy change since 2011 regarding the mailing of annual of individual Social Security reports. They have cut back on who receives the reports by mail, and the reason is to cut costs. I’m glad they’re cutting costs where they can.  Here’s an article that explains the latest policy change.

http://thetrustadvisor.com/news/social-security-paper-statements?mkt_tok=eyJpIjoiT1dJME5UZzJaalpqWXpsayIsInQiOiJneDFvZzBCUjFuaXFnZzRlTXgrSm9cL0M4d1wvWjFzZDBkRXl2SWlPbWYxaG9tNmEzTjJ2VCtGdGpseVZnZWxLSWJyWDM2ejU4UjMwcFVRV09oVE1Gb05KOHU1aER5YWdyMis5WEN1cTRZYkZyZFMrWWVtOWlHcllDeEVUOW01R1wvMyJ9