What (if any) are the advantages of the three fund approach vs a target life strategy fund?
KyleAAA wrote:Expense ratios are lower with the individual fund approach because you can take advantage of admiral shares once your portfolio is large enough. The target retirement funds and the Lifestrategy funds are different. Which in particular were you thinking of investing in? The Lifestrategy funds have a static asset allocation while the Target Retirement funds slowly become more conservative with time. Both have higher expenses than holding the individual admiral shares of the funds separately.
Curious why you chose Target rather than Life Strategy?
LFKB wrote:Now that I know the difference I would be investing in a life strategy fund. Question on the admiral shares, I see that the minimum investment is $10,000 but what about after the initial purchase? Does each incremental investment have to be at least $10,000 or is it less? And how does the incremental investment size on a typical $3,000 minimum initial investment mutual fund?
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