FYI: There was an article in Barron’s over the weekend, It’s Been a Rough 20 Years for Stocks. The Next 20 Should Be a Lot Better. The first part of that headline is factually correct. From 1999-2018, the stock market experienced two crashes, and investors received just 5.6% annually for their troubles. Over the same time, the Barclays aggregate bond index gained 4.6% and experienced a max drawdown of less than 5%.
Looking at the chart below, sure stocks came out ahead, but did they adequately compensate investors for all of the sleepless nights? In my opinion, they did not.
Regards,
Ted
https://theirrelevantinvestor.com/2019/01/08/the-next-20-years/
