2017 Outlook Per Morningstar, Vanguard, and Others

While it may be reasonable to use long-term market data to help shape return projections, it should be a starting point which is then adjusted “up or down based on experts’ opinions about current valuations and the investor’s own time horizon,” writes Morningstar’s Christine Benz. Benz offers insights from different market experts regarding return assumptions: John Bogle, founder of Vanguard Group—in a September 2016 interview, Bogle said he expected “muted returns for both stocks and… Read More