Sometime around 2012, several of us (ages 50s to 70s) came to conclusion that this was the most challenging investment environment of our lifes. The combination of record low interest rates, a fairly value stock market, and the threat of having to reverse the huge amount of money injected in the system by central banks made it very difficult.
More than year later, not much has changed stocks have gone from fairly valued to over valued, while the 1% increase in interest rates have made bonds go from crazily overvalued to merely overvalued. The Fed has tapered but is still injecting money into the system.
Truth be told there has never been a low risk, high reward investment ever. On the other hand I do remember most times in my life that something (growth stocks, value stocks, international stocks, junk bond, TIPS, real estate etc.) looked attractive.
Hi Clifp, like your post a lot. Thanks.