[autokad]

two trends have me highly concerned: 1) the baby boomers are now starting to retire in large numbers and they will go from investing and lending to consuming, selling stocks, etc. 2) population decline is a thing. many countries have already started the downward trend, and most of the world will be declining by 2050.

this puts a huge ? on all asset classes.

Some other points about stocks, their 10% returns was done by many studies that looked at performance between 1952 and 1999 (just after the great depression ended and just before the dotcom bust).

almost all asset classes over that 20 year period (1999-2019) out performed stocks, including gold and oil.