I get asked a lot of investing questions. I am conflicted in answering them. I want to be helpful but I also want to be tactful. Here are some of the most common questions I am asked and the answers I wish I could give.
Advisors who want to be honest will tell their clients they have no idea when the markets will "reach the ultimate bottom." All we can realistically do is place the current markets in historical perspective.
After the punishments and the shame, we are left with the harder truths of collective guilt and responsibility, and the devilish difficulty of forecasting future outcomes of present decisions with any degree of certainty.