Its that time of the year again and respecting the time honoured tradition, here are my top 5 financial predictions for 2016.
1. Market volatility is here to stay.
2. The time for easy pickings is over.
3. Be stock specific in your approach.
4. Keep a close eye on FED action.
5. The market upside is limited.
6. The market downside is limited.
I know I said 5 predictions, but you can choose between 5 or 6 depending upon your outlook of the market. Of course, both will come correct. That's the thing about my predictions. I stand by them and am absolutely sure they will all come true by end of 2016.
Happy New Year!!
Take care and good luck!
P.S.: In case you haven't got it till now, you are better off spending time with your loved ones or lazing around or napping or playing with a string or looking deep into space or lazing around (I know I already said this one, but its my favourite!) or doing all of the above, rather than reading any financial predictions for next year. Be rest assured, you will know the future when it arrives.