Fixed Income

Worried that interest rates could rise for years to come, some investors have been dumping their bonds. But the extreme bears are probably overreacting. Under most scenarios, bonds will deliver modestly positive returns in coming years. What sort of returns should investors expect for the next decade? To figure that out, consider a system that has long been promoted by John Bogle, the founder of Vanguard Group.

byStan Luxenberg, Special Contributor