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Investors in target-date funds can set up a diversified portfolio and maintain a sensible asset allocation for decades without breaking a sweat.

By Karen Wallace | 05-10-17 |
Which is better--having a portfolio full of of topnotch, Gold-rated, low-cost funds, or having a sensibly diversified asset allocation?

About the Author Karen Wallace is a senior editor with Morningstar.com. Follow her on Twitter @KarenW60602.Contact Author | Meet other investing specialists
Though hopefully you would be fortunate enough to tick both of those boxes, if you own a collection of best-of-breed funds but don't assemble a good portfolio with them, you're only winning part of the battle. Target-date funds can help on both counts.

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http://news.morningstar.com/articlenet/article.aspx?id=808120