You are gratuitously managing the portfolio of a 70-year old dear friend in great health with NO income or cash needs.
Friend has been sitting on about 20% cash for the past several years and has decided she now wants to invest some/all of it.
Total Return investor seeking maximum TR over the next 5-??? years
Volatility is NOT an issue
Diversification is NOT an issue
Already owns sizeable chunks of VWENX, VBIAX, VWIAX and VGWAX and does NOT want to add to those positions
ONLY wants to own VG Asset Allocation funds
No heirs, entire estate is being willed to charities
Friend has never and you trust will never hold you accountable for anything related to her portfolio performance
You are trying to compile a suggestion list of at least 2-3 funds but know there are not many more VG AA funds available.
Given this premise and these particulars, what VG Asset Allocation fund(s) would you suggest?
EDIT: I have compiled my suggestion list but don't want to present it here yet and possibly affect other suggestions.
Given the limited number of other VG AA funds available, would you attempt to suggest
(1) any non-VG AA funds and if so, what would they be
(2) simply adding to existing holdings?