chart showing the potential long-term average annual returns for different portfolio objectives based on our current market assumptions. Source: Edward Jones.
chart showing how the historical returns of a hypothetical portfolios have higher odds of a positive return over longer time horizons. Source: Morningstar Direct, 1/1/1980 - 8/31/2023. Total returns in Canadian dollars. The hypothetical portfolio is for illustrative purposes only. Results may vary for a portfolio with similar holdings. Canadian stocks is represented by the S&P/TSX Composite Total Return Index. Canadian Investment-Grade Bonds is represented by the FTSE Canada Universe Bond Index. U.S. stocks represented by the S&P 500 Total Return Index. International stocks represented by the MSCI EAFE Total Return Index. Portfolio’s assume annual rebalancing. Indexes are unmanaged and not available for direct investment. Past performance does not guarantee future results.
chart showing that, historically, the average equity investor has underperformed the S&P 500. Source: “Quantitative Analysis of Investor Behavior, 2023,” DALBAR, Inc. Annualized return for the past 30 years ending 12/31/2022. Returns do not subtract commissions or fees. This study was conducted by an independent third party, DALBAR, Inc. A research firm specializing in financial services, DALBAR is not associated with Edward Jones. Individuals cannot invest directly in any index. Past performance is no guarantee of future results.

Important information:

1 Source: “Determinants of Portfolio Performance II: An Update,” Gary P. Brinson, Brian D. Singer and Gilbert L. Beebower, Financial Analysts Journal, 1991.

2 Morningstar Direct. S&P/TSX Composite Index; 1/3/1977 - 12/31/2022. Past performance does not guarantee future results. Market indexes are unmanaged and cannot be invested into directly and are not meant to depict an actual investment.