Clients in News: Wall Street Journal
Steve Blumenthal, CEO of CMG Capital Management Group is quoted in the Wall Street Journal story Investors Fault a Model Portfolio For Falling Far Behind the Times and also in the MarketWatch story Is investors’ favorite strategy doomed to fail?. Steve told reporter Charles Passy that the 60/40 asset allocation model may no longer work. Excerpt:
Mr. Blumenthal advocates an even split among three buckets: stocks, bonds and a final grouping he calls “tactical and alternative,” meaning it blends alternative and other investments and can be adjusted as conditions merit.