Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:McNabb Says You'll Have to Settle For 5.5 Percent, Or Less Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 3, 2014

McNabb Says You'll Have to Settle For 5.5 Percent, Or Less

News summary by MFWire's editors

"We're in a low-return environment, and investors need to adjust their behavior accordingly."

Bill McNabb, the 57-year-old CEO of Vanguard [profile], shares that warning in an interview with MarketWatch's Victor Reklaitis. The resulting article touches on a number of topics, ranging from market predictions to books McNabb's reading.

McNabb tells MarketWatch that he expects balanced portfolios to return just 5 to 5.5 percent over the next decade, as he sees stocks returning 7 percent a year and bonds returning 2.5 percent a year or less.

The article also offers some personal tidbits from the life of the chief of the world's largest mutual fund company by assets. McNabb, who once rowed for Dartmouth, still rows, cycles and runs.

"What I find is you do clear your mind, and it's just good periodically to be unplugged and actually let things percolate a little bit," McNabb tells the pub.

McNabb also points to three books he's been reading lately: The Outsider by William Thorndike (and eight companies and their CEOs), The Boys in the Boat by Daniel James Brown (about a U.S. crew team in the 1936 Berlin Olympics) and The Millionaires' Unit by Mark Wortman (about Yale folks flying in the first World War). 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use