Jeremy Siegel on the Stock Market Under Covid-19 (Podcast)
Masters in Business
00:00
Is the New 60-40 a Good Retirement Portfolio?
The old 60-40 is not going to do it. 40% bonds is way too much and the returns are going to be bad. We're now recommending 75-25 and we think that the profession will evolve as a retirement portfolio towards the 75-25 proportion. People's lifespans are longer. You have to, it's not, retire at 68 and drop dead at 72. There's an expectation that people are living into their 90s and they don't want to run out of money. And nowadays, when you reach 60-65, many people are going to have that 30 years, which stocks beat bonds and 98% to time. I'm confirming my priors.
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