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With a balanced portfolio, you’re less likely to suffer sharp losses and more likely to generate positive returns over the next five years, no matter where growth and inflation go next.



If there’s one thing that will have the single biggest impact on your performance in the next few years, it’s asset allocation. Because with so many of the trends that have favored stocks – stable growth, steady inflation, falling interest rates – at risk of reversal, only a truly balanced portfolio will help you deal with whatever the next few years might throw at you. Here’s how to build your own.

# Step 1: Choose an asset for every scenario

A truly balanced portfolio doesn’t care whether economic growth and inflation are rising or falling: it should be able to perform in every environment.

That means finding investments that stand to generate returns over the long term, but that are exposed to the economy in different ways. This way, you’ll always have an asset in hand that holds up 

Feel free to tilt this allocation to reflect your shorter-term macro views: you could, for example, slightly move your exposure away from stocks and commodities and into Treasuries and gold.



Start by spreading out your risk equally between stocks, bonds, gold, and commodities. Right now, that means having about 25% in stocks, 21% in commodities, 24% in gold, and 30% in bonds.



Insight

contentPieceId

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ContentPieceQuery

viewer

query ContentPieceQuery(
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  $encryptedEmail: String
) {
  viewer {
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      roles {
        isAnonymous
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      ...SingleContentPiece_authorization
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        __typename
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        id
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    id
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}

fragment AudioOnlyBanner_contentPiece on ContentPieceInterface {
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  title
}

fragment Avatar_image on URLImage {
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}

fragment Block_block on ContentPieceBlock {
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  ... on QuoteBlock {
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}

fragment ContentHeader_contentPiece on ContentPieceInterface {
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}

fragment ContentMetadata_contentPiece on ContentPieceInterface {
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}

fragment ContentPieceExploreMore_content_3M8Ve6 on Content {
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    edges {
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}

fragment ContentPieceSEO_contentPiece on ContentPieceInterface {
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  subtitle
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}

fragment ContentPieceSponsor_contentPiece on ContentPieceInterface {
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}

fragment DefaultContentHeader_contentPiece on ContentPieceInterface {
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fragment EvergreenContentHeader_contentPiece on ContentPieceInterface {
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fragment ImageBlock_block on ImageBlock {
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fragment KeyInsightsBlock_contentPiece on ContentPieceInterface {
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fragment KeyInsightsCarousel_contentPiece on ContentPieceInterface {
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}

fragment KeyInsights_contentPiece on ContentPieceInterface {
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fragment ListenButton_contentPiece on ContentPieceInterface {
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  isPremium
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fragment MainContentSection_contentPiece on ContentPieceInterface {
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fragment MoreContentSection_content_11DhN6 on Content {
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fragment QuoteBlock_block on QuoteBlock {
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}

fragment ServerImage_image on URLImage {
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}

fragment SingleContentLarge_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
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  byline
  consumptionTime
  headerImage {
    ...ServerImage_image
  }
  hasChapters
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    __typename
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  id
  slug
  canonicalLink
}

fragment SingleContentPiece_authorization on Authorization {
  roles {
    isPreviewingContentAllowance
    isPreviewing
    isAnonymous
    hasPremiumSubscription
  }
}

fragment SingleContentPiece_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...AudioOnlyBanner_contentPiece
  ...MainContentSection_contentPiece
  globalContentPieceId
  trackingTitle
  isPremium
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  hasChapters
  hasAudio
  contentPieceType {
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  chapters {
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}

fragment SingleContentPiece_content_11DhN6 on Content {
  ...MoreContentSection_content_11DhN6
  anonymousUserHasPremium
}

fragment TextBlock_block on TextBlock {
  textMarkdown
}


How To Build The Dream Portfolio For Every Nightmare Scenario

How To Build The Dream Portfolio For Every Nightmare Scenario

Step 1: Choose an asset for every scenario

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Your Daily Brief For March 22nd

The Two Big Risks Ahead For US Banks, And What It All Means For Your Portfolio