Subject: Re: OT: Navigating Lost Decades
Average broad market forward returns are pretty low starting from unusually high market valuation levels. That's the gist of it: not wrong, but not surprising.

Yes, maybe not surprising to most on this board. But everywhere (else) I look, I see passive investors convincing other passive investors to stay fully invested and not worry about drops, as long as they have a 5 to 10 year timeframe or some such. As if there's some magic magnet pulling total returns back to 10% annualized over 10 years regardless of starting point. I'm sure you're right, that this is not the best article on the topic. But I know a lot of retirees who seem likely to be very disappointed in future returns, so if anyone knows a really great article to show them, please post it.