ThirtyNorth talks Savings Rates with MarketWatch

ThirtyNorth CIO Blair duQuesnay talked about the importance of a high savings rate over investment returns with Anora Mahmudova of MarketWatch. Here’s a snippet from the article:

“But a 10% average annual return over the next decade is, indeed, optimistic, according to Blair Duquesnay, chief investment officer at ThirtyNorth Investments, a New Orleans–based independent registered adviser.

“The fact that we had large returns over the past eight years was to make up for a 40% drop in the stock market during the financial crisis of 2008,” Duquesnay said. “It is unlikely the next 10 years will look like the past 10 years.”

Duquesnay runs hypothetical scenarios with clients to show them long-term outcomes when choosing different rates of return versus increased levels of savings.”

Read the entire article on MarketWatch’s website.