We’ve now had five and a half years of double digit average annual gains in the US stock market.
For many investors this outcome was hard to imagine in the depths of the Great Recession. Fear dominated and the future looked bleak causing many investors to sell stocks at the wrong time.
Our instincts can often send us in the wrong direction when investing, especially at market extremes, which is why we put so much emphasis on research.
For detailed information on Financial Symmetry’s market outlook in a low return environment, you can view the PDF here.
