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You are here: Home / Archives for expected returns

525 Plus: Banning Chinese Stocks and Reviewing a Paper on U.S. versus Non U.S. Stock Returns

May 24, 2025 by David Stein · Updated May 24, 2025

In Plus episode 525, we analyze the risk of the Trump Administration banning U.S. citizens and entities from owning Chinese-listed stocks, including stocks held in ETFs and mutual funds. We also discuss two papers by AQR Capital Management on U.S. versus non-U.S. stock returns. … [Read more...]

Filed Under: Money Plus Tagged With: AQR, asset allocation assumptions, China, expected returns

461 Plus: Updated Expected Returns, Index Rebalancing, and Portfolio Questions

January 13, 2024 by David Stein · Updated January 26, 2024

In Plus episode 461, we review the changes to the Money for the Rest of Us Plus expected return assumptions and discuss the resources available on the site for modeling portfolios using the return assumptions. We answer a question on how stock index providers, such as S&P, handle share count changes for determining the weighting of a holding within the index. Finally, David answers some questions on his portfolio, including a review of the asset category ranges he has had for the past … [Read more...]

Filed Under: Money Plus Tagged With: asset allocation, asset allocation assumptions, expected returns, index rebalancing, indexes, preferred stocks

445 Plus: More on Estimating Bond Fund Returns and Spin-Off Investing

August 26, 2023 by David Stein · Updated September 25, 2023

In Plus episode 445, we reference an academic study as we try to better explain why the starting yield to maturity is a good estimate of a bond fund's or ETF's annualized return if the holding period is long enough. We also explore spin-off investing in which a parent company divests a division or subsidiary. We review how the parent and child companies perform. … [Read more...]

Filed Under: Money Plus Tagged With: bond duration, bonds, expected returns, spin-offs

416 Plus: Updated Expected Return Assumptions, Will the Dollar Stay Strong, and More on Dollar Cost Averaging

January 14, 2023 by David Stein · Updated January 31, 2023

In Plus Episode 416, we review the methodology Money For the Rest of Us uses to develop expected returns for different asset classes. We review the latest expected returns and how they differ from six months ago. We discuss dollar cost averaging in the face of a potential recession. Finally, we discuss whether we should consider the current level of the dollar when investing outside of the U.S. … [Read more...]

Filed Under: Uncategorized Tagged With: dollar cost averaging, expected returns, U.S. dollar

414 Plus: Emerging Markets Latin America Stocks, Bank Safety and Investing Lump Sums

December 17, 2022 by David Stein · Updated January 19, 2023

In Plus episode 414, we review the current valuations of Latin American stocks, deconstruct historical performance, and develop estimates for returns over the next decade. We review ETFs for investing in Latin American stocks and consider the risks. We also review how to decide if a high-yield savings account at a bank is safe and how to be protected. Finally, we review investing a lump sum payment all at once or dollar cost averaging. … [Read more...]

Filed Under: Uncategorized Tagged With: banks, dollar cost averaging, emerging markets, expected returns, high yield savings, Latin America, lump sum

391 Plus: Adaptive Model Portfolio Changes, Updated Return and Risk Assumptions, and the Peak Housing REIT

June 25, 2022 by David Stein · Updated July 12, 2022

In Plus episode 391, we review the recent adaptive model portfolio changes to reduce equity exposure and lower credit risk in the bond portfolio. We introduce the new expected return and risk assumptions and address some member questions. Finally, we answer a member's question about selling a single-family rental home and rolling the proceeds into the Peak Housing REIT. … [Read more...]

Filed Under: Money Plus Tagged With: equity REITs, expected returns, model portfolio changes, model portfolios, private REITs

388 Plus: Expected Return Update, Direct Indexing, Strengthening Yen, and Two TIPS CEFs

May 28, 2022 by David Stein · Updated June 4, 2022

In Plus Episode 388, we look at how Money For the Rest of Us is seeking to improve its process for estimating long-term asset class returns. We analyze the two new direct indexing offerings from Schwab and Fidelity. We consider whether purchasing Japanese stocks when the yen is weak has led Japanese stocks to outperform the rest of the world as the yen strengthens. Finally, we analyze two closed-end funds that invest in Treasury Inflation Protection Securities (WIA and WIW). … [Read more...]

Filed Under: Uncategorized Tagged With: direct indexing, expected returns, Japanese yen, TIPS, WIA, WIW

369: Listener Q&A 2

December 15, 2021 by David Stein · Updated February 1, 2023

We answer listeners' questions on a variety of financial topics to close out the year. Topics covered include: Estimating financial market returns in the next thirty years Investing in art Whether stocks will no longer exist How to start investing Fidelity's new Bitcoin ETF How mutual funds are priced How to teach family members about investing Volatility versus drawdowns How to face the uncertainty of crashing stocks, rising interest rates, and numerous other … [Read more...]

Filed Under: Podcast Tagged With: art investing, Bitcoin, expected returns, family, mutual funds, uncertainty

366 Plus: Updated Expected Returns, a New Real Estate Investment, and the Vanguard Managed Allocation Fund

November 20, 2021 by David Stein · Updated November 23, 2021

This week on Plus Episode 366, we review the changes to the 10-year expected returns for different asset classes used in the Money For the Rest of Us Plus asset allocation model. We discuss a hotel investment David recently made on the Crowdstreet platform. Finally, we review the Vanguard Managed Allocation Fund (VPGDX). … [Read more...]

Filed Under: Money Plus Tagged With: crowdfunding, CrowdStreet, expected returns, VPGDX

347 Plus: A New Actively Managed Preferred ETF and Three Pillars of Stock Returns

June 26, 2021 by David Stein · Updated June 29, 2021

In Plus Episode 347, we review recent portfolio changes David made to his portfolio. We introduce the new retirement spending calculator. We analyze the new Fidelity Preferred Securities and Income ETF (FPFD), and we review an article by Mark Hulbert on the three pillars that have contributed to above average U.S. stock returns. … [Read more...]

Filed Under: Uncategorized Tagged With: expected returns, FPFD, historical returns, portfolio trades, preferred stocks, stock valuations

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