History
A popular lazy portfolio pattern that resembles a globally diversified three-fund allocation.
Philosophy
Keep every decision visible and easy to rebalance.
Lazy PassiveMarket betaStock / bondModerateLow complexity
Margarita Portfolio
A simple three-fund portfolio split evenly across US stocks, international stocks and bonds.
Asset allocation
US Stocks
33%International Stocks
33%Bonds
34%Performance
How this allocation behaved across modern markets
Annual rebalancing, local bond and cash proxies where relevant, and optional inflation adjustment through CPI.
1970-2024Log scale
CAGR
9.4%
1970-2024
Max drawdown
-22.9%
Volatility
11.4%
Worst year
-18.5%
2008
Implementation
Local products and proxies
🌐 Margarita Portfolio implementation
Long-term individual investor
Use broad, low-cost funds or ETFs matching each asset class.
Account notes: Implementation depends on local account types and tax wrappers.
Costs: Prefer low-cost, liquid vehicles.
Rebalancing: Annual rebalancing or tolerance bands.
Tax: Country-specific tax treatment should be reviewed before implementation.
Product names are implementation examples for research. Availability, taxation, share classes and suitability should be checked with the investor's broker and tax situation.
Similar portfolios
Adjacent ideas in the atlas
Bogleheads Four-Fund Portfolio
A slightly more granular Bogleheads portfolio that preserves low-cost indexing while separating one additional risk or control sleeve.
US Stocks40%
International Stocks25%
Bonds25%
TIPS10%
Open atlas entry
Coward's Portfolio
A diversified lazy allocation using broad equity slices, small-cap value, listed real estate and bonds.
US Stocks30%
Bonds30%
International Stocks20%
Small Cap Value10%
REITs10%
Open atlas entry
Core Four 60/40 Portfolio
A moderate Core Four variant that pairs global equities with bonds and a small REIT allocation.
Bonds40%
US Stocks30%
International Stocks24%
REITs6%
Open atlas entry
Core Four 80/20 Portfolio
A simple four-fund portfolio combining global equities, bonds and real estate exposure in a low-maintenance structure.
US Stocks48%
International Stocks24%
Bonds20%
REITs8%
Open atlas entry
Four Pillars Portfolio
A four-sleeve lazy portfolio covering domestic equities, international equities, listed real estate and bonds.
US Stocks35%
Bonds30%
International Stocks25%
REITs10%
Open atlas entry