Veteran fixed income guru Bill Gross has said that we are witnessing the death of equities:
"Stock investors should think again about the age-old "buy-and-hold" investing mantra. He says consistent, annual returns are a thing of the past."
Gross suggests that the historic outperformance of equities over bonds is an "historical freak" that isn't likely to be duplicated anytime soon, due to slowing economic growth around the globe.
"Stock investors should think again about the age-old "buy-and-hold" investing mantra. He says consistent, annual returns are a thing of the past."
Gross suggests that the historic outperformance of equities over bonds is an "historical freak" that isn't likely to be duplicated anytime soon, due to slowing economic growth around the globe.
