A mainstream, optimistic estimate for stocks alone (e.g., Jeremy Siegel at Wharton) is six percent (real terms). Once you mix in bonds and Gov securities, it obviously goes lower.
-----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Alex Lantsberg Sent: Friday, August 26, 2005 11:36 AM To: [email protected] Subject: Long run interest rate projections & public finance PEN-pals... I'm critiquing a report establishing development mitigation fees that are in part based on long-term returns to a public investment annuity fund. Can anyone point me to a chart or table showing average annual effective yields for a variety of financial instruments including US Treasuries, munis, and high grade corporate bonds? Also is the assumption of a 6.11% return in perpetuity for a relatively conservative investment fund optimistic? Thanks Alex
