Charles Schwab's Liz Ann Sonders Favors Commodities Over Equities, Rejects One-Size-Fits-All Portfolios

Charles Schwab chief investment strategist Liz Ann Sonders maintains a neutral stance on equities while favoring commodities over stocks and bonds. Sonders criticized standardized portfolio advice, such as the traditional 60/40 model, arguing that asset allocation must be tailored to individual investor goals, risk tolerance, and time horizons. While some strategists suggest shifting toward a 60/20/20 mix to include more commodities, Sonders emphasized that there is no universal solution for the firm's $13.4 trillion in client assets. Meanwhile, data from the World Gold Council indicates record interest in gold-backed funds, which saw $18 billion in inflows during August.