Here's how to create a diversified portfolio of stocks and bonds for 2024, according to the pros

Investors are facing uncertainties in 2024, including the possibility of a recession and geopolitical risks. A diversified portfolio may be a wise choice for cautious investors. Three experts shared their market outlooks and investment strategies for 2024. One expert suggested allocating 50% to stocks, 20% to fixed income, 6% to 8% to gold, and the rest in cash. They recommended gold as a hedge against volatility and geopolitical risks. Commodity-linked equities were also mentioned, as they perform well in a good economy and can hedge against inflation. Asian bonds were highlighted as offering good diversification in the fixed income space. Another expert advocated a “back to basics” approach, suggesting sectors in basic materials and those related to electric vehicles and batteries could perform well in 2024.