Last week, we got the Advanced Estimate for 1st quarter Gross Domestic Product and it was VERY different from what the experts at the Federal Reserve were predicting.
The Federal Reserve is comprised of 12 member banks, who are largely independent of each other.
➜ But they have access to all the best data.
➜ And they STILL got it wrong.
➜ Very very wrong.
This is why you should NOT manage your wealth based on opinions of experts.In order to manage money well, you need a clearly defined investment management process based on FACTS.
Forecasts, even by experts, are just opinions.
Don't manage your portfolio based on someone's opinion.
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