Passive indexing is expected by some to give returns of 2-5% for next 20 years (https://t.co/vokC0WcFNp) but you have to be prepared to weather the drawdowns https://t.co/vokC0WcFNp
"Markets are decidedly late-cycle" when asset prices have peaked and "volatility should rise as the business cycle matures".
- JP Morgan, "2019 Guide to Alternatives"