Bonds In Your Portfolio: Why Ditching Them Is The Wrong Move
Lately, it seems like you can't open a financial publication without stumbling across another article declaring the 60/40 portfolio dead. The pitch is everywhere: bonds are broken, the old rules no longer apply, and investors should modernize by swapping the bonds in their portfolio for Bitcoin, gold, or whatever alternative the asset management industry is currently selling. Last October, CNBC ran a story on the rise of the “60/20/20” portfolio. The pitch was simple. A positive stock bond correlation has broken diversification, so investors should take half of the bond allocation and move it…
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