**Perhaps surprisingly, this is not true.** (Independence of the two time series will make it true, however.) I understand "stable" to mean *stationary,* because those words appear to be used interchangeably in millions of search hits, including [at least one on our site](https://stats.stackexchange.com/questions/146202). **For a counterexample,** let $X$ be a non-constant stationary time series for which every $X_t$ is independent of $X_s$, $s\ne t,$ and whose marginal distributions are symmetric around $0$. Define $$Y_t = (-1)^t X_t.$$ [![!\[Figure 1: plots of X, Y, and (X+Y)/2 over time][1]][1] *These plots show portions of the three time series discussed in this post. $X$ was simulated as a series of independent draws from a standard Normal distribution.* To show that $Y$ is stationary, we need to demonstrate that the joint distribution of $(Y_{s+t_1}, Y_{s+t_2}, \ldots, Y_{s+t_n})$ for any $t_1\lt t_2 \lt \cdots \lt t_n$ does not depend on $s$. But this follows directly from the symmetry and independence of the $X_t$. [![Figure showing some cross-scatterplots of Y][2]][2] *These lagged scatterplots (for a sequence of 512 values of $Y$) illustrate the assertion that the joint bivariate distributions of $Y$ are as expected: independent and symmetric. (A "lagged scatterplot" displays the values of $Y_{t+s}$ against $Y_{t}$; values of $s=0,1,2$ are shown.)* Nevertheless, choosing $\alpha=\beta=1/2$, we have $$\alpha X_t + \beta Y_t = X_t$$ for even $t$ and otherwise $$\alpha X_t + \beta Y_t = 0.$$ Since $X$ is non-constant, obviously these two expressions have different distributions for any $t$ and $t+1$, whence the series $(X+Y)/2$ is not stationary. The colors in the first figure highlight this non-stationarity in $(X+Y)/2$ by distinguishing the zero values from the rest. [1]: https://i.sstatic.net/4LRur.png [2]: https://i.sstatic.net/F2ZHN.png