BlackRock CEO ditches 60/40 rule for 70/30 - predicts 6.5% returns ahead
Key Points
- BlackRock declares the traditional 60/40 portfolio obsolete ...
BlackRock just declared the 60/40 portfolio as dead as flip phones, and honestly, it's about time someone said it out loud. The investment giant is pushing a new 70/30 split that they claim will deliver 6.5% returns going forward - which, in today's market, sounds almost optimistically quaint.
For decades, the 60/40 portfolio was the financial equivalent of a reliable Honda Civic: boring, predictable, and got you where you needed to go. But just like that Civic eventually needs replacing, BlackRock argues that 60% stocks and 40% bonds won't cut it anymore. The culprit? Stocks and bonds have s...
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