Historical and expected returns

Burton Malkiel

 * Annual Returns on Stock, T.Bonds and T.Bills: 1928 - Current

Rick Ferri
Author of All About Asset Allocation

Resources

[1] A Random Walk Down Wall Street - Burton Malkiel (2007), page 185 (source: Ibbotson Associates)

[2] The Four Pillars of Investing - William Bernstein (2002), page 72

[3] 30 Year Market Forecast - Portfolios Solutions LLC (2006). Reprinted with permission from Rick Ferri, CEO, Portfolio Solutions