What 7 Advisors Are Saying About 60/40 Portfolios, Tech Stocks Now: Advisors' Advice

With the 60% stock, 40% bond portfolio apparently on the mend this year after many market experts declared it dead in 2022, clients may wonder what exactly to make of their asset allocation choices. Factor in the outperformance of big tech stocks that have driven the S&P 500's rally this year, high bond yields, uncertainty over a long-predicted recession and ongoing questions over the Federal Reserve's interest rate plans, and it's no wonder investors have questions for their financial advisors. We asked advisors: Given how high the equity markets are going these days — with the S&P 500 approaching 4,500 — what are you telling clients about 60/40 portfolios, buy/hold strategies or any concentrated tech positions? Check the gallery for responses from seven advisors. Some answers have been edited for length or clarity.