FYI: Maybe it’s better to be lucky than good, or that less is more and ignorance is bliss, because a new study released by Morningstar Inc. suggests that investors who throw their savings into a target-date fund are likely to get more from their investments than people who manage their fund portfolios aggressively.
Read between the lines of Morningstar’s 2015 Target-Date Fund Landscape Report and you’ll see tacit permission to be an investor who takes a simplistic, if not lazy, approach to managing money.
Regards,
Ted
http://www.marketwatch.com/story/target-date-investors-get-better-returns-than-active-managers-2015-04-13/print
