The Death of 60/40: Starting Valuations Matter… A Lot (Part II)

Welcome to week four of the series The Death of 60/40. Today, we’ll continue to explore stock market valuations and what they portend.  John Bogle, the late, legendary founder of Vanguard Funds used a simple formula to determine future market returns: Future Market Returns = Dividend Yield + Earnings Growth +/- Change in P/E ratio.  …

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