$$$-Time to talk Money: Don't give up on stocks, especially when you consider the alternatives, such as cash and bonds. That is a key message that the worlds most prominent financial advisors such as JPMorgan Funds, is telling its clients these days, along with some caveats and nuances.
These companies indicate as an example that U.S. consumers are in much better shape of late, and they expect that alone is one factor which will help lift the economy worldwide.
JPMorgan Funds has about US$843 billion under management globally. They are not expecting outsize gains for stocks, which they generally believe will post 4% to 6% annual returns, on average, over the next five years.
As for bonds, they expect rates to rise, though that hasn't happened as quickly as anticipated it would earlier this year.
Hence, the general under-weighting of bonds. As always with the markets its a question if wait and see.....
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