The predictions never stop in the finance industry. Inflation will do A. Interest rates will do B. The TSX will do XY and Z.
It’s all just noise, of course. Or worse.
Not just because predicting market performance is an unbelievably hard game, but because playing the prediction game implies that you should be making your financial decisions based on random guesses about the future.
You shouldn’t.
If you’re saving for retirement twenty years down the road, the market’s performance this coming year should have no impact at all on your investment decisions or your rate of saving.
Keep putting money away automatically. Invest in a diversified portfolio. Tune out the predictions and wake up in twenty years with enough money to live the rest of your life the way you want.
Guessing right about the direction of the market over the next twelve months simply does not matter. Don’t let all the gurus convince you otherwise.