Bonds Are Primed for a Better 2023, but How Much Better?

[PoindexterOglethorpe]

5. Thank you for that information.

However, I'm still not convinced.

That said, I do not buy and sell individual stocks. I have an investment guy who has done very well for me. He does not buy and sell individual stocks, but has put me in a number of very good mutual funds. When he wants to make any kind of major change he calls me first. Since his day job is to pay attention to all the nuances and details, and to keep me a happy camper, I always tell him fine with the changes.

I know there are people here who totally scorn investment advisors. They seem to be the very ones who panic every time there's any kind of downturn in the market because they are buying and selling regularly.

I will say this, that despite my confidence in the average of 10% yearly returns over time, when I check how long my money should last given my current withdrawal rate (I use an on-line calculator), I change its default assumption of 8% yearly returns to 6%. Basically what Vanguard is predicting.