Stocks
Stocks
Bonds
70%/30%
Equity return
to reach 11.7%
Bonds
6.7%
35%/65%
45
60%/40%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
70%/30%
70%/30%
Bonds
More
Bonds
Stocks
Stocks
Bonds
45%/55%
60%/40%
Stocks
More
Bonds
Institutional Investors' Return Expectations
Bonds
35%/65%
50
30%/70%
Institutional Investors' Return Expectations
Stocks
More
Bonds
Stocks
55
Mix
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
%
Bonds
Stocks
55%/45%
30%/70%
45%/55%
65%/35%
Stocks
50
50%/50%
Institutional Investors' Return Expectations
70%/30%
Bonds
17.8
55%/45%
40%/60%
Stocks
60%/40%
More
Bonds
Stocks
35%/65%
Institutional Investors' Return Expectations
6.7%
%
Stocks
70%/30%
20.9
Stocks
Bonds
Stocks
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Equity return
to reach 11.7%
Institutional Investors' Return Expectations
65
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
65%/35%
Stocks
60%/40%
35%/65%
%
Bonds
Stocks
Stocks
Stocks
6.7%
Equity return
to reach 11.7%
%
30%/70%
%
65
%
Stocks
60%/40%
Mix
Bonds
Equity return
to reach 11.7%
50%/50%
50%/50%
Stocks
Institutional Investors' Return Expectations
%
Equity return
to reach 6.7%
40
55%/45%
40%/60%
More
Bonds
Bonds
%
Stocks
16.7
40%/60%
Stocks
50%/50%
Mix
65%/35%
Institutional Investors' Return Expectations
35%/65%
70%/30%
9.5
Stocks
35%/65%
50%/50%
30
%
Stocks
Bonds
70%/30%
6.7%
60%/40%
Stocks
13.0
Stocks
6.7%
More
Bonds
Institutional Investors' Return Expectations
45%/55%
55%/45%
Equity return
to reach 11.7%
Institutional Investors' Return Expectations
45%/55%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
%
Institutional Investors' Return Expectations
65%/35%
28.8
%
Select desired mix to reveal required equity returns
45%/55%
50%/50%
30%/70%
45
45
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
35%/65%
30%/70%
Equity return
to reach 11.7%
40
More
Bonds
6.7%
%
50
70
70
Stocks
Bonds
Institutional Investors' Return Expectations
Equity return
to reach 11.7%
30%/70%
Bonds
Equity return
to reach 11.7%
Mix
Stocks
55%/45%
%
Bonds
Equity return
to reach 11.7%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
%
Bonds
Select desired mix to reveal equity
11.8
28.8
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Institutional Investors' Return Expectations
More
Bonds
Institutional Investors' Return Expectations
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
70%/30%
Equity return
to reach 11.7%
70%/30%
Bonds
More
Bonds
More
Bonds
50%/50%
Institutional Investors' Return Expectations
50%/50%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
30%/70%
%
Bonds
19.2
25.5
%
14.5
Bonds
%
%
Institutional Investors' Return Expectations
65%/35%
Bonds
35%/65%
6.7%
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
Bonds
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Bonds
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
Bonds
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
30%/70%
50%/50%
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
%
More
Bonds
Bonds
Institutional Investors' Return Expectations
45%/55%
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
30
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Select desired mix to reveal equity
Stocks
22.9
More
Bonds
Stocks
Select desired mix to reveal equity
Institutional Investors' Return Expectations
50
%
Equity return
to reach 11.7%
Bonds
Institutional Investors' Return Expectations
32.2
Institutional Investors' Return Expectations
Institutional Investors' Return Expectations
40%/60%
40%/60%
Bonds
30
60%/40%
6.7%
60
10.9
Bonds
55%/45%
65%/35%
Bonds
70
9.0
Stocks
40
Stocks
55
Bonds
%
60
%
60%/40%
55%/45%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Stocks
60
More
Bonds
More
Bonds
%
Institutional Investors' Return Expectations
45%/55%
40%/60%
70%/30%
55
45%/55%
40%/60%
Institutional Investors' Return Expectations
%
Equity return
to reach 6.7%
30%/70%
Bonds
Bonds
55%/45%
Equity return
to reach 11.7%
Bonds
10.1
More
Bonds
%
65%/35%
%
55%/45%
45%/55%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Bonds
16.7
35
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
40%/60%
15.6
35%/65%
Stocks
%
35
%
More
Bonds
60%/40%
22.9
60
Stocks
Bonds
Institutional Investors' Return Expectations
Stocks
More
Bonds
65%/35%
%
Bonds
8.5
Select desired mix to reveal required equity returns
Stocks
65%/35%
More
Bonds
40
6.7%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
Equity return
to reach 11.7%
%
19.2
40%/60%
45%/55%
Select desired mix to reveal equity
%
Mix
Equity return
to reach 6.7%
40%/60%
Individual Investors' Return Expectations
%
55%/45%
Bonds
70%/30%
40%/60%
55%/45%
11.7%
65%/35%
Mix
%
Select desired mix to reveal required equity returns
Bonds
25.5
Mix
45%/55%
%
45%/55%
55%/45%
%
Individual Investors' Return Expectations
55%/45%
Equity return
to reach 6.7%
65%/35%
Bonds
Select desired mix to reveal required equity returns
30%/70%
Equity return
to reach 11.7%
16.5
Equity return
to reach 11.7%
15.6
%
30%/70%
Bonds
More
Stocks
60%/40%
45%/55%
%
Mix
65%/35%
11.7%
45
%
%
40%/60%
35%/65%
More
Stocks
%
50%/50%
55%/45%
Select desired mix to reveal required equity returns
More
Stocks
35%/65%
More
Stocks
Bonds
Mix
30%/70%
Individual Investors' Return Expectations
40%/60%
%
Individual Investors' Return Expectations
50%/50%
60%/40%
30%/70%
60%/40%
Individual Investors' Return Expectations
Individual Investors' Return Expectations
50%/50%
Equity return
to reach 6.7%
Click the arrows to explore
stock/bond splits to reveal
the required equity returns
55%/45%
35%/65%
Bonds
50%/50%
Select desired mix to reveal equity
70%/30%
More
Stocks
%
Equity return
to reach 11.7%
Mix
Equity return
to reach 11.7%
Individual Investors' Return Expectations
Mix
Equity return
to reach 6.7%
35%/65%
%
Individual Investors' Return Expectations
Select desired mix to reveal required equity returns
40%/60%
Mix
Bonds
35%/65%
50%/50%
More
Stocks
60%/40%
%
Bonds
Stocks
30%/70%
Mix
65%/35%
11.7%
40%/60%
%
65%/35%
Select desired mix to reveal required equity returns
More
Stocks
Mix
Mix
70
Select desired mix to reveal equity
32.2
Stocks
30%/70%
50%/50%
More
Stocks
%
Mix
11.7%
Stocks
Select desired mix to reveal required equity returns
70%/30%
Mix
70%/30%
%
65%/35%
40%/60%
Individual Investors' Return Expectations
More
Stocks
Stocks
More
Stocks
Individual Investors' Return Expectations
Bonds
Equity return
to reach 11.7%
Select desired mix to reveal required equity returns
35%/65%
35
%
50
Stocks
Mix
%
%
11.7%
%
Select desired mix to reveal required equity returns
60%/40%
45%/55%
Mix
65%/35%
%
45
Bonds
55%/45%
Individual Investors' Return Expectations
Stocks
Mix
%
Mix
%
70
40%/60%
Individual Investors' Return Expectations
11.7%
60%/40%
Bonds
More
Stocks
45%/55%
Stocks
%
50%/50%
50%/50%
Individual Investors' Return Expectations
%
45
45%/55%
Equity return
to reach 6.7%
17.8
60%/40%
More
Stocks
Select desired mix to reveal required equity returns
Individual Investors' Return Expectations
Individual Investors' Return Expectations
65
Equity return
to reach 6.7%
35%/65%
Mix
35%/65%
35
Bonds
%
More
Stocks
70%/30%
60%/40%
11.7%
%
%
30
%
Bonds
65%/35%
60%/40%
Stocks
60
Bonds
%
Bonds
55
Select desired mix to reveal required equity returns
%
Select desired mix to reveal required equity returns
More
Stocks
%
70%/30%
30%/70%
Individual Investors' Return Expectations
Mix
Stocks
%
30%/70%
%
%
40%/60%
11.7%
70%/30%
%
35%/65%
Mix
Bonds
55%/45%
65
%
Bonds
50%/50%
60%/40%
More
Stocks
70%/30%
40
Stocks
45%/55%
65%/35%
%
55
%
%
40%/60%
Mix
65%/35%
%
55
%
%
35%/65%
30%/70%
55%/45%
Individual Investors' Return Expectations
55%/45%
Stocks
%
40%/60%
11.7%
Individual Investors' Return Expectations
Select desired mix to reveal required equity returns
70%/30%
35
Individual Investors' Return Expectations
30
60
Equity return
to reach 6.7%
Stocks
30%/70%
More
Stocks
%
60%/40%
Select desired mix to reveal required equity returns
%
%
30%/70%
Select desired mix to reveal equity
Select desired mix to reveal required equity returns
65%/35%
Stocks
Stocks
Individual Investors' Return Expectations
Individual Investors' Return Expectations
Individual Investors' Return Expectations
65
Stocks
Individual Investors' Return Expectations
Bonds
35
30
Stocks
Mix
%
70%/30%
More
Stocks
70
More
Stocks
45%/55%
50
45%/55%
Individual Investors' Return Expectations
Individual Investors' Return Expectations
%
Individual Investors' Return Expectations
Individual Investors' Return Expectations
45%/55%
Individual Investors' Return Expectations
Individual Investors' Return Expectations
35%/65%
55%/45%
20.9
Select desired mix to reveal required equity returns
50%/50%
Select desired mix to reveal required equity returns
Individual Investors' Return Expectations
Individual Investors' Return Expectations
Individual Investors' Return Expectations
Individual Investors' Return Expectations
Individual Investors' Return Expectations
%
Select desired mix to reveal required equity returns
Individual Investors' Return Expectations
50%/50%
65
40