walkinwood
Thinks s/he gets paid by the post
Vanguard's 2012 outlook makes interesting reading, but boring conclusions
http://www.vanguard.com/pdf/s289.pdf
I found it to be quite comprehensive though I wish they'd talk in plain English. I think the format would enforce good discipline if you were tempted to make your own long term projections.
Our VCMM simulations indicate that balanced-portfolio returns over the next decade are likely to be below long-run historical averages in nominal terms, but are much more likely to approach those averages when adjusted for future inflation. In short, the distribution of real returns on a balanced portfolio looks more normal than abnormal.
Here's the link to the document.We believe that a balanced and diversifed low-cost portfolio can remain an extremely high-value proposition in the decade ahead.
http://www.vanguard.com/pdf/s289.pdf
I found it to be quite comprehensive though I wish they'd talk in plain English. I think the format would enforce good discipline if you were tempted to make your own long term projections.