The Past 12 Months

The past months have seen impressive gains in both domestic and foreign stocks. For example, the S&P 500 Index has returned 18.61% over the past year as of September 30th, 2017. This is a benchmark of domestic equities. The FTSE All-World ex US Index has returned 19.49% over that same time period. This is an index of foreign stocks.  You cannot ask for better returns than this and it makes discussing our client’s investment reports a very enjoyable experience for us!

Reasonable Expectations for the Next Decade

Jack Bogle is the founder of Vanguard, which is the preferred fund provider of Partners in Financial Planning. No wonder we take note of what he has to say. The link below is to an interview Morningstar conducted with Mr. Bogle. It can get technical, but here is the gist. He believes stocks will return 4% and bonds will return 3% for the next decade. This is a big change from what we have enjoyed in equities over the last 8 years and in particular the past year.

What Should I Take Away?

Returns will likely be less than what they have been over the past eight years, but certainly less than what we have seen over the past year. You should expect your portfolio returns to be less in the coming years.  What is most important is that your portfolio allows you to accomplish your goals.  By working with our planners, we will monitor how changes in market returns effect your ability to accomplish those goals.  If changes are needed, you will know and we will work together to make those adjustments in your financial plan.

Who are We?

Partners in Financial Planning, LLC is a Southwest Virginia-based fee-only financial planning and investment management firm adhering to the fiduciary standard.  We do not sell insurance, annuities or any other investment product.  With over $400 million in assets under management, we serve clients in Roanoke, Virginia, and across the United States.  If you would like to explore if we are a fit for your financial planning needs, contact us at 540-444-2930 or email at