Question on Vanguard 10 Year Market Forecasts
Actually two questions...
Every year Vanguard puts out a forecast where they go over economic data, PE ratios of the market, etc. and forecast expected stock returns over the following decade. My two questions are:
1. Has anyone seen a summary that compiles these forecasts (i.e. shows what the 10 year average expected return was) for each year and then compares those to the actual results?
2. Do Vanguard's estimated returns include dividends? (i.e. is it a "total return"?)
FYI, their 2018 estimate puts 10 year U.S. stock returns in the 4% range.
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Saved 8 figures by my mid-40's as a professional bubble-spotter. Beware...the Fed creates bubble after bubble after bubble.
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