Jeremy Siegel on Bloomberg today. Always better to go straight to the source.
"Uptrend intact" and nothing like 1999 - at this stage.
https://youtu.be/G-UTdsaKbMc?si=5I649DgJxdWRGz83
I still trimmed a bit more and now have 7 per cent cash, 73 per cent shares and 20 per cent in bonds. No more trimming. Whatever I do will be wrong. Stay invested as much as possible and look away.
Still, the returns of the last 14 years, as Siegel points out above (thanks ValueGrowth) are unlikely to return. They were twice the long term average. Nothing wrong with the average of 6 per cent after inflation - I'll take that happily.
Investors in NZ shares are lucky - disappointment occurs on a daily basis and a funk has set in. Expectations are already low. No need to worry about low returns, those days have already arrived.
@DavidB, thank you for that chart.