Quote:
Originally Posted by stevecmo
The S&P 500 has averaged 11.8% return over the last 20 years. Let that sink in. Edward Jones did you no favors.
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Are you saying a retired person living in the Villages should have 100% of his portfolio in the stock market? A balanced account will have a mixture of stocks and bonds and the return has been in the 6-8% range. If we had a stock market crash that lasted a number of years an elderly person would be grateful that half his money was in bonds as he needs to take money out each year to live on.