FYI: Imagine millions of investors losing money and not caring—perhaps not even noticing.
Among the 652 target-date funds that existed as of Dec. 31, 2018, every single one lost money last year, according to Morningstar. The average drop among these funds, which are customized for retirement savers, was 6.2% in a year when the S&P 500 fell 4.4%.
Nevertheless, these prepackaged bundles of stocks and bonds took in an estimated $36 billion in new money in the first seven months of 2019. That brought total assets to $1.27 trillion, says Morningstar analyst Jeff Holt.
Regards,
Ted
https://www.wsj.com/articles/the-funds-that-make-you-buy-low-and-sell-high-11567176239?mod=searchresults&page=1&pos=1
