The “era of getting rich quickly is over” for both stocks and bonds, so investors should lower their expectations about how much they can earn from these investments, said bond specialist Bill Gross on Tuesday. In a Bloomberg TV interview, the founder and chief investment officer of Pimco said he continues to buy Treasurys with short duration, particularly in the range of four to five years, a bet that he says will pay off if the Federal Reserve continues to keep its benchmark interest rates low for the foreseeable future. However, other big money managers have recently begun to bet that the Fed will be pressured to raise rates, putting them on the opposite side of that trade. With turmoil in emerging markets, Gross told Bloomberg TV that developing economies like Brazil and Turkey are starting to look more attractive, but that they are still a “wild card”. As markets continue to be choppy, Pimco clients say they want safety and preservation of principal in their bond investments, Gross said. He added that Mohamed El-Erian, the Pimco CEO who recently announced his departure, could take on a public policy role next.