Recessions and balanced portfolio returns - Vanguard

index is not an exact representation of any particular investment, as you cannot invest directly in an index. 0% 2% 4% 6% 8% 10% Average return Average real return 7.75% 9.90% 5.26% 5.59% 1 The U.S. economy is always in either recession or expansion, but its “official” status can be difficult to know in real time. This is because the NBER ................
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