This last week, we had a forecast/recommendation from the Royal Bank of Scotland to sell all stocks and move to bonds. Headlines are comparing the present to 2007/2008. What? Are you kidding me? If those forecasts are accurate, it would be pure luck.
Leading economic indicators are still positive. Fundamental data does not support such drastic recommendations and statements, especially for long-term investors. Nevertheless, emotion typically rules over logic when making financial decisions. So we need to be on our toes.
Check out this week’s video blog from my hometown of St Paul, MN in which I discuss the opportunity present for both investors and financial advisors.