Tt might seem convenient to put all your investments into one fund, consider if you'd do the same in your career. Would you rely on just one project or skill for success? Probably not.Currently, I have about 10 Vanguard funds in my non-retirement investment account. Fortunately, they are all doing well. Of the ten, one of them is Vanguard LifeStrategy Growth Fund (VASGX).
I'm starting to put more new money into VASGX. I'm doing this b/c I don't know which funds to invest in and I don't want to worry about when a fund is "overvalued" so. So Lifestrategy and the Vanguard Target Retirement (in my IRA) funds seem like a good way to "set it and forget it".
So what are the drawbacks to this strategy? Why wouldn't most people just put their money in a TR or LS type fund? Some people are very particular about their asset allocation so these type of fund many not be right for them, but for the rest of us, wouldn't LifeStrategy be a good choice? In other words, make LS or TR the cornerstone (80% of the portfolio) and augment the 20% with some underrepresented index(es)? Would that be a good strategy?
Statistics: Posted by newewo — Tue May 21, 2024 11:14 pm