John Bogle, “The probabilities for stock market investing right now are very compelling"

By on October 26, 2008

John Bogle, in a N. Y. Times article, said that due to the recent turmoil in the world markets investors might be able to achieve a 9 percent average annual return over the next decade.

This isn’t the time to sell, Bogle said, but he allows one big exception: “If you cannot afford to lose another penny, then you simply have no recourse but to get out of the stock market.” But for long-term investors who can afford to wait a decade or more before cashing out, the probabilities are much better right now than a year ago, precisely because of the terrible beating the market has taken.

Source:

http://www.nytimes.com/2008/10/26/business/26bogle.html?pagewanted=2&ref=business
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