Picking a Schelling point is hard. Since the post focused on very recent results, I thought that a one year time horizon was an obvious line. Vanguard does note that the performance numbers I quoted are time weighted averages.
You are of course correct that over the long run you should expect closer to 5-8% returns from the stock market at large.
Picking a Schelling point is hard. Since the post focused on very recent results, I thought that a one year time horizon was an obvious line. Vanguard does note that the performance numbers I quoted are time weighted averages.
You are of course correct that over the long run you should expect closer to 5-8% returns from the stock market at large.