Fund of Funds

I have an IRA which was rolled out of a previous employer's Keough. It has been in an Oakmark fund for 10 years and has done OK. It faired the '00-'03 period without losing much of its value.

This year, with the market up 4% or 5%, this fund has barely retained value. It's time to roll it to another investment.

I am considering one of Vanguard's target retirement funds. I found one that holds 70% equities and 30% reserves or fixed income.

This fund is comprised of 5 or 6 funds. A fund of funds with some international exposure.

The idea with the target date fund is that over time the fund will automatically reposition itself to more and more fixed income (bonds) and less stocks as the target date approaches. I do not have to concern myself with readjusting things. I like that idea.

The paperwork will be mailed out next week. Maybe it's time to reevaluate and consolidate my other small IRA accounts.

'til later