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.
The big banks already are offering advice on alternatives; I’ve got some of my own. But for investors seeking robust-but-safe returns, there’s really just one option: be prepared to take on more risk.