Better Vantage by Vanguard

Beyond 60/40: Building Portfolios for the Next Decade

December 8, 2025·20 min
Episode Description from the Publisher

Is the time-tested mix of 60% stocks and 40% bonds still the default? Vanguard’s Head of Investment Strategy Group, Europe, and Chief European Economist Jumana Saleheen shares how investors may want to approach building a portfolio in today’s market environment. All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.

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