Bogle Says Prepare for Stocks, Bonds to Miss Historical Returns
- Stock returns may average 4% to 5% over next decade, he says
- He advises accepting market return, even if not very palatable
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John Bogle, the founder of Vanguard Group Inc., said investors should prepare for weaker results than stock and bond markets generated during his six-plus decades in money management.
The average annual return has been around 12 percent for stocks and 5 percent for bonds during his career, Bogle, 87, said Wednesday in an interview with Bloomberg Radio.