With the economy cooling, corporate earnings sagging, and market performance fluctuating, today's investing landscape is very different from a year ago.
Many investors find they have more questions than answers.
At the same time, I believe investors should expect lower returns in the future, perhaps in an 8 to 10 percent per year range over the next decade. The full interview is available on Sage Online. Below are excerpts of Mr. Sauter's discussion. This relies on the fact that in aggregate, all investors own the market, so that in aggregate they must get the market rate of return. One investor can outperform, but it necessarily means that another investor must underperform.