Vanguard Group, which manages $4.8 trillion, wants investors to take note: 2018 may not be great for your portfolio.
“While our global market outlook suggests a somewhat more challenging and volatile environment ahead, investors can continue to find potential for long-term success by lowering their return expectations,” Joseph Davis, Vanguard’s global chief economist, said in a press release.
The firm sees U.S. stock returns of 3 percent to 5 percent and 5.5 percent to 7.5 percent for non-U.S. equity markets.
Mercy! What a Catastrophic Prediction
I am curious. Does anyone know if Vanguard has ever predicted a decline?
Volatility Refresher Course
It seems that Vanguard has forgotten what volatility really looks like. I am glad to be of service.
For further discussion, please consider:
Mike "Mish" Shedlock