Wednesday, April 01, 2009

Gross: Double-Digit Returns Won't Be Back Soon

  • Investors looking for double-digit returns from their holdings are going to have to learn to live in a different world for the next several years, bond kingpin Bill Gross said...

  • "To the extent that investors previously thought that double-digit returns were there for the taking, were there for the having, in the forms of stocks for the long run or housing prices going up at double-digit rates, those asset classes will not show that type of appreciation," he said. "So bonds at stable incomes of 4 to 6 percent are an attractive situation."






Source:
http://www.cnbc.com/id/29977297

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