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Maybe You Can Still Buy & Hold?

If you're looking to invest for the long-term and want a little bang for the buck, where should you put your money?

According to Vanguard Chairman and CEO Bill McNabb it's a one horse race.

Looking at the yield on corporate bonds, McNabb just doesn't see returns increasing very much.

"Take a 10-year yield on corporate bonds – somewhere around 2%. Yield to maturity is your best predictor of future reuturs. That's likely what we're going to see for the next 10 years in bonds."

For most investors, McNabb thinks stock market is pretty much the best game in town.

Although the 5-year return in the S&P 500 remains negative McNabb sees the negative return as the exception and not the rule.

"I don't see any reason why equities can't revert to a close to long-term average of 7-9% return," said McNabb on CNBC's Halftime Report.

Stockbyte | Getty Images

McNabb suggested stocks should be performing better if not for the uncertainty in the market – otherwise known as the fiscal cliff.

"All we need to do is remove the uncertainty," he said. If and when some of the uncertainty comes out – and McNabb seems to think it's a matter of when – then stocks should power higher.

Read More: Obama, Boehner Meet to Discuss 'Cliff' Compromise

"I think when there's a plan, there's an awful lot of money on the sidelines that would flow back into equities," McNabb said.

Maybe buy and hold isn't dead - afterall.

rader disclosure: On December 17,2012, the following stocks and commodities mentioned or intended to bementioned on CNBC's "Fast Money" were owned by the "FastMoney" traders; Josh Brown is long AAPL; Josh Brown is long WFC; Josh Brown is long GDX; JoshBrown is long GLD; Josh Brown is long XLU; Josh Brown is long XLF; Josh Brownis long WMT; Josh Brown is long TGT; Josh Brown is long SBUX; Steve Weiss is long SCCO; SteveWeiss is long BAC; Steve Weiss is long JPM; Steve Weiss is long RIMM; SteveWeiss is long C; Steve Weiss is long QCOM; Steve Weiss is long SWKS; Joe Terranova is long VRTS; JoeTerranova is long TJX; Joe Terranova is long AAPL; Joe Terranova is long YUM;Joe Terranova is long SWN; Joe Terranova is long GLW; Joe Terranova is longDELL; Joe Terranova is long VZ; Joe Terranova is long XOM; Stephanie Link is long AAPL;Stephanie Link is long GS; Stephanie Link is long WFC; Stephanie Link is longSBUX; Stephanie Link is long CAT; Stephanie Link is long SLB; Stephanie Link islong VALE


For Glen Yeung
Citigroup Global Markets Inc. owns a position of 1 million USD or more in thedebt securities of AAPL
Citigroup Global Markets Inc. or an affiliate received compensation forproducts and services other than investment banking services from AAPL
Citigroup Global Markets Inc. currently has, or had within the past 12 months,the following as investment banking client: AAPL
Citigroup Global Markets Inc. currently has, or had within the past 12 months,the following as clients, and the services provided were non-investment-banking,securities-related: AAPL
Citigroup Global Markets Inc. currently has, or had within the past 12 months,the following as clients, and the services provided were non-investment-banking,non-securities-related: AAPL
The Firm is a market maker in the publicly traded equity securities of AAPL

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