Insights by Thornburg IM

How Will You Remember the Investment Decisions You Made in 2022?


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  1. From 1980 through July 2022, the 60/40 portfolio delivered positive returns in 35 of 42 years.  Investors who have relied upon this investment mix have seen their portfolios increase in value 83% of the time.
  2. With an average annual rate of return of 9.89% for the 30 years ending in 2021, 60/40 investors have been rewarded for staying the course. But this year, the strategy has performed poorly and is down 19.34% through October 5, 2022.
  3. Despite the 60/40 portfolio’s positive long-term returns, this year’s poor performance has prompted investment experts to point investors in the direction of “alternatives” such as private equity, infrastructure, long/short strategies, and real estate.