It might be time to abandon the idea of a balanced portfolio.
Traditional wisdom holds that investors should diversify their assets. While working and saving, you should invest in a mix of assets weighted toward stocks and growth. In your retired life, you should invest in a mix of assets weighted toward security and income. In both cases, though, you should hold a healthy balance, with some secure assets during your working life and some growth assets while in retirement.
BlackRock recently suggested that investors should throw the common wisdom out the window in favor of a black-and-white approach to retirement.
This post appeared at ValueWalk.com.