Goldman Sachs is probably wrong about stocks

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The markets, year-to-date

• S&P 500: 5,833.20 ⬆️ 22.99%

• FTSE 100: 8,279.70 ⬆️ 7.23%

• Bitcoin: $68,632.26 ⬆️ 55.26%

• GBP to USD: $1.2992 ⬆️ 2.08%

• GBP to EUR: €1.2006 ⬆️ 4.12%

  (As of Monday at 1500)

Is Goldman Sachs wrong about stocks?

Goldman Sachs put out a research note recently that got a lot of headlines because of how gloomy it was. Over the next decade, the Goldman analyst predicted, annual growth in the stock market would be only about 3% per year.

That was a shock because, historically, annual growth for the S&P 500 is in the range of 6% to 10% per year, depending on the timeframe. Over the most recent decade the annual average return was 13%.

• That's one of the reasons Moneyin2 encourages you to invest your savings in an S&P 500 index tracking fund, so you get the benefit of those returns.

Goldman’s argument is that the most recent 10-year period has been exceptional, and that most of the growth in stocks has been concentrated i…