The classic 60/40 portfolio isn't dead. Here's why it's gearing up for a decade of strong returns.

• The 60/40 portfolio took a beating last year, but it's poised for a decade of strong returns, Vanguard says.
• Current valuations suggest the outlook has improved, even for the portfolio's worst-case risk scenario.
• Strategists broke down the biggest misconceptions about the 60/40 portfolio mix.

Even after a brutal 2022, Vanguard strategists don't see a reason to ditch the tried-and-true 60/40 portfolio mix. In fact, they think a decade of strong returns awaits investors who opt for the classic mix of stocks and bonds.