Split your investments any way you like, just be ready to pay a lot more to find safety in this market.
Volatile, pandemic-riven markets for stocks and bonds has Wall Street ready — again — to declare the traditional 60/40 portfolio split a dead strategy. The prospect of a low-growth, high-inflation economy (stagflation) dims the prospects of both investment categories, and certainly demands a rethink of where to stash your savings.
Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.
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