Strategists at Goldman Sachs, led by David Kostin, estimate that the S&P 500 will generate average annual returns of 6% over the next decade. This according to an article in…
Tag: Long-Term Forecasting
Morningstar 2019 Forecasts for Long-Term Stock and Bond Returns
According to a recent article in Morningstar, “even long-term, strategically-minded investors need some type of market-return forecast to craft a financial plan.” Morningstar assembled a compilation of return expectations from…
Is Long-Term Forecasting Valuable?
A Financial Times article highlights and challenges the common practice of long-term forecasting. Opening with a George Eliot quote – “Among all forms of mistake, prophesy is the most gratuitous”…