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Average annual stock market returns (1940-2020)

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Real yield on 10-year treasury bond and 1-year treasury bill since 1962

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Annual pre-tax income to be in the top 10%

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Average net worth of people your age

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Bullion's performance over the past 50 years relative to stocks, bonds, and inflation

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Fixed income losses will weigh heavily on portfolio returns

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A big shift in equity market relative performance in the decade ahead

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A decade of extreme macro & policy forces have caused bond distortions

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Painful losses expected for government bonds

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Correlation between S&P 500 return and 10-year treasury yield

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