Millennials Think They Will Get 12% Investment Returns Going Forward

Most investors have double-digit return expectation from their holdings over the next five years despite Wall Street consensus that the market is overvalued. According to a study conducted by asset manager Schroders, the average return expectation of investors over the next five years is 10.2%. Compared to history, this isn’t overly optimistic as the arithmetic average annual return for the S&P 500 between 1928 and 2016 is 11.4%. Schroders surveyed 22,100 people who invest from around the globe to learn more about how they spend their money, what they expect in return and how confident they are as investors. [klarman] Average return…