Bank of America; Market on track to its worst returns in years
It’s been a brutal year for stocks and bonds alike!
The 60/40 Portfolio Is Delivering Its Worst Returns in a Century
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It's been a brutal year for stocks and bonds alike-@BofA_News
Investors with the 60/40 portfolio who put 60% of their money into the stock market, and 40% of their money into bonds,are down 34% for the year, according to Bank of America. pic.twitter.com/UxlxilvPgc
— The_Journalbiz (@the_journalbiz) October 14, 2022
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That marks the worst performance for the classic portfolio in the past 100 years.
Investors with the 60/40 portfolio who put 60% of their money into the stock market, and 40% of their money into bonds are down 34% for the year, according to Bank of America.
The appeal of the 60/40 portfolio is that when stocks have a bad year, bonds usually deliver some relief. What’s made this year’s selloff so painful for so many investors is the fact that very few trades have worked.
