The Underlying Difficulty in Forecasting Equity Returns

Starting valuations are the most reliable predictor of equity returns. But they are far from reliable, and investors must use those forecasts cautiously. To build an investment plan, it’s necessary to estimate the return to stocks (as well as bonds and any alternative investments). The estimate of returns determines your need to take risk – [...] The post The Underlying Difficulty in Forecasting Equity Returns appeared first on ETF Trends .