60 40 portfolio
also referred to as: 60/40 portfolio
5 statements across 5 episodes · 1 bullish · 3 bearish · 5 people on the record · first statement Dec 21, 2020 by André Perold · across every show →
Everything said about 60 40 portfolio, oldest first
Dec 21, 2020 bearish
André Perold: Standard 60/40 portfolios deliver only 3% expected real return
“Going forward, what's tough is that you think of a 60 40 portfolio 40 of the sixties earning zero. Okay. Zero real, or maybe even negative real. And if your PE is 20, that's an earnings yield of five. Now an earnings yield of five, if bond yields are zero, is …”
Mar 8, 2021 bearish
Peters: The Traditional 60/40 Portfolio No Longer Works
“The 40 just doesn't work anymore, right? And the reason that you love the 40 for the last few decades, our entire trading career, your and mine, has been that interest rates have been declining, and they finally got to a point where they just really couldn't d…”
Sep 26, 2022 bearish
May 26, 2025
Client portfolios shift from 60/40 to 45% equities, 15% alternatives
“If you look across our broad client base, a lot of clients were sixty-forty, 60 equities, 40 fixed income. Across the board, it's probably now changing to maybe 45% equities, 15% in alternatives, and the remainder still like fixed income and where you put priv…”
Nov 24, 2025 bullish
Kelly: The 1987–2021 Market Golden Era Ended with Zero Interest Rates
“In some ways, what I would call the golden era of the market backdrop that started in 1987 when Volcker stepped down, ended in 2021 with the end of zero interest rates. And thus began a cycle of more challenging backdrops for, say, stocks and bonds together in…”