Can a crystal ball predict the stock market?

0 votes
by (120 points)
Is there a fortune teller or magic wand that has been discovered which would perfectly be able to predict the direction of stocks?

1 Answer

+1 vote
by (1.7k points)
No, there is no magic crystal ball or any technique that is able to accurately predict the stock market for example. In fact, any fo the such feeds popular in the internet are most probably suspicious and entail quite a number of buyers for an expensive course or something. It is wise to cast a doubt in such statements and concentrate on making your investment plans instead.
by (100 points)
Biggest lesson I learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
by (110 points)
Once everyone starts talking about a specific stock and it’s all over the news, the best time to have already invested in that company has already passed. Avoid hype- you don’t want to be paying more for stock than what it’s worth.
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