There is no Knowledge of the Future

The concept of “knowledge of the future” is an oxymoron because the future is inherently unknowable. Despite our best efforts to identify patterns and predict outcomes, the randomness of future events often defies expectations. A decade ago, many experts forecasted lower returns based on seemingly high valuations and recent performance, but the actual returns significantly exceeded those predictions. This highlights a crucial lesson: no one can truly predict the future. Instead of trying to guess what will happen, the best approach is to plan for a range of possible outcomes and stay committed to your plan. This prudent strategy helps manage risk and avoids the pitfalls of relying on uncertain forecasts.

This material is for informational purposes only. It is not intended as and should not be used to provide investment advice and is not an offer to sell a security or a recommendation to buy a security.

Russ Kefauver is an Accredited Wealth Management Advisor℠ and Chartered Retirement Planning Counselor℠ with over fifteen years of financial planning experience.