Just for kicks, because I have no idea what the future holds, I thought I’d share some financial predictions for 2014. Here they are:
- The Dow Jones Industrial Average will finish the year at 16,700. It opened the year around 16,441.
- The S&P/TSX Composite will finish the year at 14,200. It opened the year around 13,594.
- Our Canadian Dollar will finish the year at $0.90 compared to the US Dollar. It opened the year around $0.94.
Other predictions…at some point this year:
- Fortis (FTS) will increase their dividend.
- Telus (T) will increase their dividend.
- Walmart (WMT:US) will increase their dividend.
- AT&T (T:US) will increase their dividend.
- My Own Advisor will giveaway more stuff on this site. 🙂
I read here that U.S. large-cap stocks won’t see the same stellar returns as in 2013, but will still deliver 10%, predicts Bob Doll, chief equity strategist at Nuveen Asset Management LLC, with $118 billion in assets under management.
Let’s see how I compare with Mr. Doll and other experts later this year.
Any financial predictions you want to share for 2014?
Interesting predictions! mine:
– DJ gets to at least 17000
– TSX will drop a lot
– The CAD I think it might get to 0.80, Canadians should get more US currency exposure if they don’t have some already (VUN.TO)
– Europe and Japan will do well (VDU.TO)
You might be right Simon, about the CDN $. Actually, you might be right on all of these 🙂 Thanks for playing along.
My predictions:
-municipal taxes will go up
-the cost of pork will go up (poor little piglets)
-any stocks I buy will go down
-if I shift out of bonds they will go up
All of which means I predict I will need to earn and save more money this year to break even.
PS How many years has FTS raised dividends in a row, now?
I think Fortis has raised their dividend for 41 years in a row. It will be 42 years, this year 🙂 I think our taxes are going up as well in Ottawa. Could be 5% or more. Sucks.
I hope for any stocks I intend to buy, the prices absolutely tank first. Here’s hoping!
i too own those four stocks so i hope your predictions (wishes) come true. i really like your last prediction — more giveaways!
Ha. Yes, I predict there will be more giveaways for sure!
I’m pretty sure those stocks will increase their dividends. WMT:US should do it next month 🙂
Interesting predictions! I’ve also read many analysts say the large-cap US equities wont be able to match their performance of 2013. My plan is to invest in some Canadian ETFs as I think the Canadian markets are due for a bounce-back year.
I also predict (and hope) Fortis increases their dividend as I own shares 🙂
I was writing back and forth with a good friend of mine and we both think 2014 will have returns nowhere near 2013, although you could hope.
My wish is for a stock market crash. Then I can buy some new stuff cheaper. I don’t think I’ll get my wish. Hopefully FTS and the other 20+ stocks I own all increase their dividends. That would be nice set of raises 🙂