How 2013 shaped up

December 10, 2013: 11:04 AM ET
2013 lookback
NEW YORK (Money Magazine)

So how did last year's predictions work out?

Here's what Money magazine's December 2012 issue said would happen -- and how the year turned out.

STOCKS

The outlook. Since the Fed wasn't expected to raise rates, equities were predicted to climb -- by a modest 8%.

What happened. The Fed didn't raise rates, and stocks kept rallying. Equities, though, soared much more than expected -- 25%.

BONDS

The outlook. Long-term rates were expected to rise, so investors were warned to wean their exposure to government debt, especially Treasuries.

Related: Best new ways to make money

What happened. Market interest rates did rise, and funds that invest in long-term U.S. Treasury bonds lost more than 10% through early November.

HOUSING

The outlook. Real estate looked as if it was finally stabilizing. Since buyers were ready to come off the sidelines, prices were expected to rise 1%.

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What happened. The housing market did stabilize. But as demand rose, sellers were slow to list their homes. Tight supply sent prices soaring 12%.

CAREERS

The outlook. Your prospects for finding new work and getting raises were set to improve slightly. Overall, the economy was expected to create a modest 173,000 new jobs a month.

Why your economy still hurts

What happened. The labor market did improve in fits and starts as housing started to recover. The economy produced 190,000 new jobs a month.

Make more in 2014

The economy: What's ahead in 2014
Stocks: Where to make money in 2014
Bonds: Tweak your mix in 2014
Real estate: Look for value in 2014
Jobs: Boost your career in 2014 To top of page

Send a letter to the editor about this story to money_letters@moneymail.com.


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