Lifecycle Funds vs Choosing your own asset allocation??? (invest, income, stocks)

[bizman56]

Anyone have any thoughts on chosing a lifecycle fund vs choosing your own asset allocation mix for retirement purposes?

[norm]

If you just want to set it and leave it alone then a Target Retirement fund is better then a Life Cycle fund. Target Retirements adjust the Asset Allocation the nearer the fund comes to it's retirement date while the Life Cycle funds have a fairly constant allocation.

If you prefer to take an active part (as I do) in your portfolio you choose your own asset allocation re balancing according to your plan.

[NorthmeetsSouth]

What's wrong with doing both? I have a large chunk of my portfolio in individual stocks but i am now putting more of my present income into Target retirement funds. Why? Because I don't have the time to watch the stocks every day so why not invest in a fund and let someone do it for you? We'll see which of us do better, me or the fund manager!