nedsaid wrote:This might be a good product.
If they charge a low fee and pretty much keep everything rebalanced, I would think about it. If they are trying to market time sectors or asset classes, I would pass. If the expenses are not low, I would pass.
They have the pizza sliced in a whole lot of slices. I am reminded of the Yogi Berra quote where he told someone to slice the pizza in four slices since he wasn't hungry enough to eat six. The pizza tastes the same no matter how many slices it is cut into.
I don't see a strategy here. It looks like they are recreating the broad indexes (maybe overweighting a sector here and there) with higher costs.
If you have index funds available, you could do that and do the rebalancing yourself.
Yeah, the first thing I thought was wow, this is diversification overload, but this is coming from a guy who has The Vanguard Institutional Index Fund and Ishares Core Total U.S. Bond Market ETF for my entire portfolio. I am really curious to see how much they will be charging. I have to wait until July 1st for that.
Also, although this is meant to be a one fund holding it looks like they stick with the static asset allocation like the lifestyle funds do. So whatever model I pick would be like that until I chance to another model.