I'm a Financial Adviser: 60/40 Portfolios Are Too Risky for Wealthy Investors (This Is the Strategy You Need Instead)

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For decades, the 60/40 portfolio — allocating 60% to equities and 40% to fixed income — stood as the gold standard of wealth management.

Its appeal was rooted in a simple and elegant idea: When stocks decline, bonds typically rise, creating a natural hedge that allows investors to "buy and hold" their way to long-term growth.