BlackRock's Larry Fink Says the Classic 60/40 Portfolio Is Dead. Here Are the ETFs to Buy Instead.

BlackRock (NYSE: BLK) is one of the largest asset managers on Earth, and its CEO, Larry Fink, gets a lot of attention on Wall Street. So, when he suggests that investors need to update the 60/40 portfolio, it is probably worth considering. Here's what Fink's updated portfolio might look like for you.The 60/40 portfolio is actually pretty simple. It just means that you put 60% of your assets into stocks and the remaining 40% into bonds. You can set this portfolio up with just two ETFs and two trades. Updating it annually will only require two trades. In essence, you are creating your own personal balanced fund.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool