designer491 Co-authored with Hidden Opportunities. The 60/40 stock-bond portfolio advice is often misrepresented and misunderstood. Investors simply assume that obtaining a diversified exposure to bonds would satisfy the 40% requirement for portfolio defensiveness and stability during challenging economic conditions. You could satisfy your fixed-income requirement using index funds like Vanguard Total Bond Market Index (VBTLX) or Fidelity U.S. Bond Index (FXNAX), but note that even though these have mor ...