Historical Performance and Future Stock Market Return Uncertainties
There has never been another period in history more demanding of investor efforts, nor as rewarding of investor diligence, as today’s. The current environment poses a broad range of uncertainties. Investors are now confronted by strong contrasts between conventional wisdom and unconventional insight. For example, conventional wisdom points to historical average returns for long-term investors, but unconventional insights from history tell a different story.
The well-known and most-respected long-term average statistic from the stock market is the one provided in the annual compendium published by Morningstar “Ibbotson Stocks, Bonds, Bills, and Inflation Classic Yearbook.” Consultants, financial analysts, advisers and investors seeking a benchmark for long-term stock market returns reach for this annually revised testament of historical financial market data. [Editor’s note: This book can be found at many public libraries.]
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