HARAMIS STOCK BROKERS ATHENS GREECE

Beware of Predictions!

Predictions are easy to make but difficult to fulfill.

Take economic forecasts.
Several hundred economists, top banks and brokerage companies
routinely attempt to predict the future and are paid handsomely for it,
even if theyíre wrong!

If economists, market strategists, stock analysts and other "gurus"
were generally on target, their findings wouldnít be so bad.
But the problem is that most of the time, these soothsayers are off the mark.

Whatís the point here?
First, donít place your bets on what the "experts" say.
Second, if the best minds, working long hours and using computer models
and research assistants by the dozen canít come close to figuring out the real numbers,
do you think you can do any better?

The fact is that no one can predict the future,
although no one is likely to give up trying!

The best course of action for investors is to carefully study stocks,
bonds and other assets in their portfolio and assume that long-term trends will continue.

That doesnít mean that investors should necessarily stop reading the business pages of the paper.
Itís always interesting learning the views of others.
But donít necessarily trade on them.

Serious investors are watching and waiting.
That is, they listen to other views, read the papers and watch their investments
for signs of trouble but they do not act unless something is seriously amiss.

Bottom line:
Stick to your long-term investment plan
regardless of pronouncements by the forecasters.



Back to the First Page


Haramis stockbroker Athens Greece send comments