The standard '60-40' portfolio of stocks and bonds just had its best quarter in a decade

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The default '60-40' way of allocating assets was a winner last quarter.

div > div.group > p:first-child"> It's called the"60-40" rule — which describes a portfolio made up of 60 percent stocks and 40 percent fixed-income securities. Advisors have recommended the balance as a middle-of-the-road way of investing. It puts the majority of an investor's money into stocks, which are riskier but higher yielding than bonds, while still having a solid amount held in government, corporate and agency bonds.

The Fed signaled in January that it was putting the brakes on raising its short-term benchmark rates. Investors embraced the stance and bought bonds, pushing their prices higher as the yields fell. That also boosted stocks. Higher rates can sometimes dampen enthusiasm for stocks because rising borrowing costs eat into corporate profits and can make earnings valuation look too high.

"The rising tide of the first quarter has lifted all ships, debris and just about anything and everything in the ocean," Schatz said."The 60-40 portfolio was an easy winner." The amount a retail investor should put in stocks versus bonds has a lot to do with their tolerance for risk and how close they are to retiring. Advisors often recommend that younger investors invest a greater portion of their money in stocks, or around 80 percent. Someone who is retired, on the other hand, might put 30 percent in stocks and have 70 percent in bonds.

Ric Edelman, CEO of Edelman Financial Services, said the fact that the 60-40 model worked so well is more of a reflection of the strong quarter than anything. The start to 2019 was a"a wonderful environment" for both stocks and bonds, he said. But that might not last.

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Because it just followed a terrible quarter for the strategy.

Pride comes before a fall.

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