I was surprised to read the NY Times article
As the
The question is, what is the point? What is actionable about this? You could view this article as encouraging market timing (sell stocks now!), or it could be a prudent reminder to rebalance and assess your risk exposure (sell a little stock now? maybe?). The latter is always a good idea, so let’s be generous and call it that. I wonder what Jack Bogle thinks. I mean, the title of his upcoming book about the history of Vanguard is
For posterity, I wanted to record their expected 10-year (annualized) returns for the following asset classes (as of mid-2018):
- US Stocks 3.9%
- International Stocks 6.5%
- US Total Bond (Corporate + Government) 3.3%
- International Bonds 2.9%
- Commodities 5.9%
- US Treasury Bonds 3%
- Cash 2.9%
These are nominal numbers. In another
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