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"Diversification has not failed," says Fidelity, lining up 3 portfolios - all cash, all stocks,...

"Diversification has not failed," says Fidelity, lining up 3 portfolios - all cash, all stocks, and a 70/25/5 mix of stocks, bonds, and short-term investments. The diversified portfolio outperformed stocks by a solid margin in the 4-plus years incorporating the financial crisis and the recovery.
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