Does long-term investment planning have a place in an ever-changing world?

I’ve given this question some serious thought recently.  My own children are young adults and their views on the world and how they envision their future is literally worlds apart from how I saw the future at their age.  How does one plan for a future 50 to 60 years ahead when we have no idea what the world will look like then, and what the demands on us will be?

Futures strategist John Sanei said in a talk recently that we’re a society addicted to certainty, and we seek certain and specific outcomes.  Examples he gave included believing that marriage or job security is for life, or that a tertiary education is a guaranteed gateway to success.  We may not be able to predict the future, but the one thing we can control is our own behaviour.  Future success will demand that we be more agile, so while planning is still essential, we’ll need to change and adapt those plans more frequently as the world, and consequently our lives, change.

Financial security gives you options
My own children will probably never know a life that consists of spending five days a week in an office, for 40 years.

Full article:  https://www.glacierinsights.co.za/blog/investment-insights/long-term-investment-planning-changing-world

November 17 2022 By Khanyi Nzukuma, Chief Executive at Glacier by Sanlam