BlackRock Just Declared the 60/40 Portfolio Dead. Here's What Replaces It.

Investment advisors have recommended the 60/40 portfolio for decades. The idea is to allocate 60% of your money to stocks and 40% to bonds. Following this allocation has helped investors diversify their portfolios in the past. However, BlackRock (BLK +1.74%), the world's largest asset manager, has practically declared the 60/40 portfolio dead in a recent note to investors -- at least, for now. Is BlackRock right? If so, what will replace what has served as the de facto foundational rule of modern investing? ...