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"Vanguard has $1.3 trillion in actively managed funds, including $413 billion in active bond funds." bloomberg.com/opinion/articl… “Vanguard isn’t index versus active — it’s low cost versus high cost."
"If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5% median annualized return. Five years ago, we'd have been somewhere in around 8%" cnbc.com/2019/02/11/van… Oh, you are 40% bonds? Elevator is going down. That's a price paid.
Vanguard “2.5% to 4.5% expected returns for global fixed-income markets (December 2018).” morningstar.com/articles/90737… Want to get bearish? GMO! “negative 4.1% real (inflation-adjusted) returns for US large caps over the next seven years; negative 0.2% real returns for US bonds."
"The average 401(k) balance tumbled 10% in the fourth quarter of 2018 to $95,600." "The percentage of workers with an outstanding loan from their 401(k) was 20.3%." ai-cio.com/news/defined-c…
