Well, my crystal ball is broken but maybe yours isn't. I'm interested in hearing what everyone out there thinks about 2008.
Will the Vancouver area real estate market continue to defy fundamentals and continue on its heavenward ascent?
Will the Canadian and BC economy thrive through a US economic slowdown?
Will the stocks, bonds, cash, gold, real estate, or other commodities be a good investment in 2008? Which one will be the best?
I don't really think anyone can "predict" the future but we can make some educated guesses. Here are mine.
1) 2008 will be the year of turning for the local real estate market. I think we will see year over year declines by summertime - at least in the Fraser Valley.
2) The Canadian and BC economy will slow down dramatically in 2008. Labour shortages will be a thing of the past by the end of the year in BC.
3) I have no idea about the stock market but I think it will be another good year for growth stocks. I like value stocks always but will they go up in value this year? I don't know or care since I am just looking for bargains with good earnings and dividends. I think agricultural commodities will be a good investment among other commodiites. Financial stocks will probably not fair that well but could be good buys this year as they will be continually battered in the news.
Please DO NOT take this as financial advice as I always recommend having a diversified portfoli0 and a proper financial plan.