Vanguard founder Jack Bogle warns stock-market returns are likely to disappoint over the next decade.
“Investors might see stock returns as low as 4 percent before inflation, about half the level factored into many financial plans. That suggests it would take twice as long to build the nest egg that many are planning,” CBS MarketWatch reports.
“Bogle's conclusion is based on an analysis of price-to-earnings ratios, a common stock valuation metric, and dividend yields. Stock prices are based in large part on expectations of corporate earnings growth, which Bogle says won't be as strong in the future,” MarketWatch reported. Read more
“Investors might see stock returns as low as 4 percent before inflation, about half the level factored into many financial plans. That suggests it would take twice as long to build the nest egg that many are planning,” CBS MarketWatch reports.
“Bogle's conclusion is based on an analysis of price-to-earnings ratios, a common stock valuation metric, and dividend yields. Stock prices are based in large part on expectations of corporate earnings growth, which Bogle says won't be as strong in the future,” MarketWatch reported. Read more
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