The stock market has performed magnificently of late. But the gurus at the No-Load Fund Analyst newsletter forecast that returns for U.S. stocks over the coming five years will be in the low to middle single digits — far below the long-term annualized return of just under 10 percent.
I don’t share the newsletter’s depressing outlook. But I take what its editors say seriously. They are smart, careful investors. In recent years, I’ve found their asset-allocation calls more helpful than their fund picks. What’s more, the lousy returns they’re predicting are in line with what a lot of other top market strategists are saying.
To earn healthier returns in the coming years, Jeremy DeGroot, chief investment officer at No-Load Fund Analyst, is most excited about a handful of unconventional bond funds. But don’t expect them to return 10 percent a year, either.
These …
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