Home
>
Personal Finance
>
Do You Know What Tomorrow Will Bring?

Do You Know What Tomorrow Will Bring?

I've been sharing the following idea with people for a few years now, and realized recently that I had never written specifically about it. So here it is:

"I cannot predict the future."

That may seem simple enough, and it's certainly accurate, yet for many advisors, this edict is completely disregarded. How many times have you heard someone say, "I know," when what they really meant was, "I guess?" In stating that I cannot predict the future, my intention is not to appear pessimistic. On the contrary, I agree with what Roosevelt had to say about the issue; "The only limit to our realization of tomorrow will be our doubts of today." I therefore believe that we can accomplish just about anything. Nevertheless, believing anything is possible is far more grounded in reality than believing that I could know, with any precision, how everything will ultimately unfold. And so with that much clear, I would like to share what I do not know about our collective financial futures.

I do not know which segment of the market will outperform all others during this year, or any year.

I do not know if this year's equity market will be up, down, volatile, or stagnant.

I do not know what our tax system will look like in ten, twenty, or thirty years.

I do not know what the rate of inflation will be, or what the rise in housing will be, or college tuition, or gas, or bottled water.

I do not know if age expectancies will continue to increase or begin to decrease.

I do not know how the United States will fare in competition with the rapidly developing markets of other nations.

While it may appear that I don't know much, here's what I do know:

I can presume, in a careful manner, certain long-term expectations. And if I am successful in helping my clients understand and appreciate those expectations, I would hope to maximize their full financial potential.

I am able (and willing) to respond to change. Ask any advisor who's been doing it for fifty years what he thinks about change, and he's likely to tell you his way is the best way, always was, and always will be.

I believe there is a close-to-perfect approach to meeting the goals of each client, and I spend great effort, in every instance, to find out what that is. Each individual, each family, each small business owner has their own attributes, and I am ever-present to the notion of finding a common ground. I always attempt to write about topics that transcend finance. Money is allegorical-how you save and spend both your time and your energy will often correlate with how you manage your finances. What I do not know about the future therefore also transcends economics, and so I approach everything with an open mind. Do you?

Matthew S. Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email: clementm@financialnetwork.com.

residential cleaning services Wilmette ...

In The News:

Paralyzed woman Audrey Crews controls a computer with a brain chip from Elon Musk's Neuralink, demonstrating breakthrough brain-computer interface technology.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Meta removed over 600,000 predatory accounts from Instagram and Facebook while launching enhanced safety protections for teenage users on both platforms.

Facebook crypto scams trick users with fake celebrity endorsements and legitimate-looking cryptocurrency exchange ads that install malware on victims' devices.

Create private chat rooms using the iPhone Notes app collaboration feature with instant messaging capabilities and full control over conversation privacy.

Lyft rolled out safety upgrades with a new Safety Hub, driver blocking capability and a favorite driver option to give riders more control over their experience.

New research shows Americans increasingly trust AI for wellness guidance over social media, with 63% finding artificial intelligence reliable for health.

Luxury fashion brand Dior experienced a January 2025 data breach affecting customer personal information, and notifications were sent months after the discovery.

The commercial Unitree H1 humanoid robot weighs 104 pounds with 365 pound-feet torque per joint and demonstrates dangerous potential when software glitches occur.

Americans average 10-plus hours online daily, according to recent survey, splitting time between streaming shows on TV and browsing websites on multiple devices.

Boost your smartphone privacy instantly with these security tweaks for iPhone and Android that limit ad tracking, hide notifications and prevent unauthorized access.

Platforms like Hoax Tech and JS Click Cloaker help cybercriminals bypass detection systems using machine learning to selectively display scam content to victims.

A new battery recycling technique transforms old lithium-ion batteries into high-performance components that retain 88% capacity after 500 cycles with minimal waste.

Google's Android operating system can warn users about earthquakes before the shaking even begins – and there are ways to do it on your iPhone, too.

Meta's new gesture control wristband might just be the most seamless way to control a computer yet. And no, it doesn't require surgery, a camera, or even a touchscreen. All it needs is your wrist.

Long-haul trucks are now being upgraded with a surprising twist, thanks to California-based startup Revoy. Their electric boost doesn't replace diesel but works alongside it to cut emissions and fuel costs without major disruption.

PayPal and Venmo just rolled out something big: AI-powered scam alerts for Friends and Family payments.

As data centers multiply across the United States, energy demand is increasing at a rapid pace. This has not escaped the notice of large investment firms from Wall Street.

The Unicode Consortium, the nonprofit organization that maintains the Unicode Standard to ensure emojis work across devices, has announced Unicode 17.0, which includes nine new emojis slated for release this fall, in September 2025.

OpenAI is one of the world's leading AI research labs. Founded in 2015, it's behind some of today's most talked-about tools, including GPT, DALL·E, and ChatGPT.

Ever catch your dog staring at the screen during movie night and wonder if they're actually watching? Turns out, they might be. A new scientific study from Auburn University found that many dogs really do engage with television, and not all pups react the same way.

Stop the scammers from making contact in the first place. They're getting your parents' contact information and much more personal data besides, from somewhere.

The Walker S2 robot from UBTech autonomously exchanges its batteries in just three minutes, allowing continuous operation in car factories operated by BYD, Nio and Zeekr.

The FX Super One electric MPV from Faraday Future offers flexible seating, zero-gravity recliners and an AI system that creates a personal connection between driver and vehicle.

Practical solutions for reducing unwanted charity mail, political texts and email spam by opting out of shared lists, replying "STOP" and using data removal services.

Do You Know What Tomorrow Will Bring?

Personal Finance