"'The reports of my death are greatly exaggerated,' says the asset-allocation standard.....through the end of November, the 60/40 has returned about 15%, and I'm using just a generic stock and bond 60/40 portfolio for an example here. So, about 15%. And so, real return after you adjust for inflation, even with high inflation, that's about an 8% real return, which is pretty great. I looked at the rolling 12-month real returns for the 60/40 since 2000. The median over that last 21 years is about 7.5%. So, it's actually outperformed its median real return over that time period. So, even though all this doom and gloom came true, it didn't derail the 60/40.....I think it's definitely not something for a short-term investment. With 60% stocks, you're going to have volatility. You could have drawdowns. In 2008, 2020 drawdowns were a little north of 20%. So, that's your downside risk. So, if you're investing for something six, 12, even 18 months from now, a 60/40 is probably a little too volatile for that. But I think if you have a long time horizon, it's a very good starting point, and it's proven very difficult to beat because the stocks and bonds, when it's like an investment-grade bond portfolio, really balance each other out nicely. And unless that correlation between those two really significantly changes, which it's hard to see how it would, though it could over shorter periods, I think it's a really good long-term investment, and it's definitely been a very hard benchmark to beat....."
And for those who want to venture out some more, look at evolving MULT-ASSET funds that include stocks-bonds-alternatives in the mix.