How much can I expect from equity as an asset class for long-term goals?. This is a question one often hears from first-time investors, especially those who are migrating from the comfort of fixed deposits or real estate.
Unfortunately, answers from experienced equity investors are steeped in hindsight bias. They often extrapolate their own good fortune into the future. Answers from salespersons cannot be vague. I have seen advisors state, “invest and after X years you will definitely get Y returns”!