Featured Article - Don`t Mind Your Investment
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Can't be bothered building a diversified portfolio? Try an all-in-one fund.
If you're a minimalist by nature, or simply have no interest in juggling a pile of investments for your retirement savings, you may be a good candidate for a lifecycle fund or—easier still—a target retirement fund.
According to Morningstar, "They're a good source of one-stop diversification for a novice.” Many investors put off jumping into their 401(k) or starting an IRA simply because they don't know which mutual funds to select or how to put an effective portfolio together. And it's no wonder with the thousands of funds to choose from, the infinite asset mixes one could come up with, and market conditions that can leave you second-guessing every decision.
Not just new investors have this problem. Many people who have invested for years often ask how many funds are enough or too many. Owning too many funds can lead to overlap and unnecessary expenses. Too few could leave you exposed.
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