Putting aside stock market fluctuations over time, business enterprises on aggregate should return an average of about 8%-10% annually. 3~% from dividend, 3~% from inflation, and 3~% GDP growth (the latter 2 arise from reinvested capital). If you believe Graham, stock market should mirror business fundamental over time.
Needless to say, this is different from saying, you can get 8-10% just buying stock indexes. Timing matters.
Needless to say, this is different from saying, you can get 8-10% just buying stock indexes. Timing matters.