Markets are red-hot, and investors might be wondering what they can buy right now. The S & P 500 reached a record high in March despite corners of it already getting expensive, some pros believe. There could be more uncertainty, with some still expecting the U.S. Federal Reserve not to cut rates despite the central bank indicating it's staying on track for three rate cuts this year. On top of that, some are calling for investors to move out of cash if rates do fall.
Pro asked fund managers and wealth advisors how they would allocate their portfolios with that money. The 60/40 portfolio The 60/40 portfolio is a good starting point for many investors. Indeed, Aaron Benson, portfolio manager at investment bank Baird, says he uses the strategy for many of his clients' portfolios. He would allocate roughly 60% into stocks this way: 15% each to U.S. large-cap growth stocks and U.S. large-cap value stocks; 4% to small-caps; and 8% to mid-caps.
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