NerdWallet investigated all the 883 analyst ratings issued on the Dow Jones 30 stocks in 2012.
All the recommendations were issued prior to January 1, 2012.
Then it compared the recommendations to stock performance through 2012.
NerdWallet found that only 51 percent of the recommendations were correct.
Yes, predicting stock movement is challenging, but you do expect highly paid analysts with decades of experience to at least beat the average. And 49 percent of analysts failed on that parameter.
One of the advantages of having a retirement plan is that you start to understand where your sources of income will be upon retirement, and how much.
Unfortunately, there is a perception by many Americans that Social Security will be a bedrock of their retirement, when in fact it is just a complement, and usually a small one at that.
According to the Congressional Budget Office, someone retiring at 65 today will receive 43% of his/her annual income from Social Security. Where does the rest come from? Your investments and savings, additional job, or significantly reduced standard of living.
Which would you rather have? Call me if you need help determining a retirement strategy.
Are you interested in talking with me about your finances and investments but not sure if we’re the right fit?
I have clients of all portfolio sizes, ages, employment, and stages of life.
What I like to do is make a difference in someone’s life. Frankly, it’s just as rewarding for me to work with a young couple who are serious about planning and saving for their future as it is to manage portfolios and wealth for business owners and retirees.
Don’t be shy. If you’re curious about whether we’d be a right fit, give me a call and we can talk. It would be a great honor.
