Coastalite,
Don't let me scare you to the point of a pure buy and holder. Especially with the L Funds.
The current holdings in the L2030 are:
G: 23.15%
F: 8.35%
C: 35.40%
S: 13.40%
I: 19.70%
Expected Return: 5%
Expected Risk: 7%
The expected return is inflation adjusted. Thus your annual return for L2030 is actually 8%. What the risk actually means is that you can expect anything from +12% to -2% in any single year. (Actually pre-inflation adjusted it would be +15% to 1%).
My one concern about using the L Funds is their allocation into the I Fund. Personally, I think that is one of the easy reads I was talking about. I would probably dump it a bit. And, why hold cash at all. My personal allocation is:
G: 0% - At my age I really don't want anything (or much) in 'cash'
F: 20% - To me, the 'F Fund' US Gubmint bonds and mortgage holdings are bubbly and crashy, but I don't know
C: 45% - Overallocate the L2030 G/I Fund holdings here
S: 30% - Overallocate the L2030 G/I Fund holdings here
I: 5% - Who knows when the bottom hits. My guess is that I will bump this to 7% or 8% this week
Expected Return: 7%
Expected Risk: 10%
My advice would be to use the L2030 as a starting point and adjust the allocation a bit based on the easy reads. Europe and Japan are trash right now. They look like we did in 2008.
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