stemikger wrote:The Vanguard target Retirement funds and lifestyle funds are balanced funds, so I guess you agree.
I do like them both, but feel they add things that are not really necessary and I'm not a big fan of the Target Retirement Funds changing course several times since they have been introduced. To be honest, it makes me a little nervous. However, if I die before my wife and she sticks everything into one of these funds I will not come back to haunt her. I just feel the unloved Balanced Index Fund is the purest form of indexing without any professional second guessing what the market is going to do. I love everything about this unappreciated little guy. The only way I would love it more is if they had one that was 50/50 but since they don't I'll settle for 60/40. I intend to keep this allocation forever. It gives me the confidence that I will be able to withstand bear and bull markets but still feel like I'm participating and getting decent growth.
There is nothing wrong with the Balanced Index fund itself. Regardless of what Jack Bogle may have said at one point or another or regardless how you prefer to invest, investors should not ignore over 50% of the market capitalization of public companies in World stock exchanges.
That said, you have no basis to comment in the original post that many other strategies are implemented to "make it look super complex or sophisticated." This is just nonsense.
stemikger wrote:... There are so many that are adding so many funds to their portfolio that it looks like a professional did it to make it look super complex or sophisticated and I definitely do not agree with adding international bonds on top of slicing and dicing equities to the point where asset allocation will become a part time job.
If we really wanted to follow his advice we would basically pick the Total Stock Market and the Total Bond Market. Two funds and if you feel inclined a splash of international or even better one fund: The Vanguard Balanced Index Fund.