John Authers, Columnist

Avoiding the Stock Wreckage Was a 50-50 Call

Investors who stuck to a conservative asset allocation between equities and bonds would have emerged unscathed.

100% in stocks? Bad idea.

Photographer: FRED DUFOUR/AFP/Getty Images

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The first three months of 2020 have been dreadful. This is mainly because the world has been afflicted by a pandemic that has forced many of us to live in social isolation. But also, a lot of people have lost money.