{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"036: Do We Really Need Stock Market Predictions","description":"In most industries, you can generally rely on a legitimate professional\u2019s opinion for guidance. But the investment industry \u2014 or more specifically, the investment PREDICTION industry \u2014 is an altogether different animal. That seems counterintuitive, doesn\u2019t it? It sure feels like that trade would be filled with legitimate pros whose advice you could literally take to the bank. After all, we\u2019re inundated with supposed experts each day on television, in podcasts, and in the newspapers, providing their takes on the financial road just ahead. They must know something we don\u2019t and are standing by, ready to alert us to the dangers \u2014 or financial renaissance \u2014 that may be just around the corner, right? Wrong! Financial media is a BUSINESS. Those personalities on business-centric outlets like MSNBC or the Wall Street Journal aren\u2019t plying their trade out of benevolence or a sense of service. They\u2019re on the air to generate ratings \u2014 ratings that translate into advertising dollars. There\u2019s just one problem, and it\u2019s a big one. These financial pundits are wrong much more often than you might think. In fact, there\u2019s really no reliable evidence that anyone \u2014 regardless of their experience or education \u2014 can effectively predict the short-term direction of the stock markets. And, if you hitch your investment wagon to these predictions, it can do some serious harm to your financial future. That sounds a little disconcerting, but it\u2019s true. Want proof? We\u2019ve got it in the newest episode of A Place of Possibility\u2122. We\u2019ll be talking about: How the investment prediction industry uses sensationalistic headlines, accompanied by evocative imagery, to prey upon your intrinsic human need to want to avoid pain. One particular financial pundit \u2014 a household name \u2014 who is usually so off the mark with his predictions that evidence suggests you\u2019d be better served doing the exact opposite of his recommendations. An ever-present faction of the investment prediction industry that\u2019s always ready to stoke fear in our hearts and how they do it. The real key to successful investing that will prepare you for those tumultuous events that will always crop up to disrupt the financial markets in the short term. And more! We know, we know! It\u2019s hard to turn off the tv and put the remote down, but we promise that once you do, your financial and mental health will be much better off! And if you know someone else who may be struggling with turning off the financial white noise, please share this episode with them. ","author_name":"A Place of Possibility","author_url":"https:\/\/aplaceofpossibility.com\/","html":"