How to Maximize Your Wealth Over the Next Decade

Investors accustomed to blockbuster returns faced a reckoning this year, as the great bull market ended with high inflation, soaring interest rates, and fears of a recession.

The uncertainty persists, but one thing is clear: The path to wealth over the next 10 years will look very different than it has over the past decade. The bull market that powered annual 19% gains for more than 10 years is gone, and in its place is an environment where investors need to be much more strategic than prior conditions required. Vanguard projects 4.7% to 6.7% nominal annualized returns for U.S. equities over the next 10 years, and 4.1% to 5.1% returns for U.S. aggregate bonds.