Asset Allocation Funds
Asset allocation mutual fund or balanced mutual fund invests mainly in a diversified portfolio of bonds, stocks and short term investment or cash. Depending upon its objective, it may invest more in stocks or more in bonds. Some funds may be more conservative or moderate than others funds.These balanced mutual funds are popular among retiree or investors near retirement. You can invest in your brokerage account, retirement account, and 401(k) account. For your retirement account, you can invest in your Roth IRA and traditional IRA. You can invest with as little as $500 initially.
Best Mutual Funds
These lowest cost five star asset allocation mutual funds are sorted based on its expense ratio and top ranked. These best mutual funds may provide capital appreciation and income for investors.Top lowest cost asset allocation mutual funds 2014 are:
- Schwab Target 2020 (SWCRX)
- Schwab Target 2025 (SWHRX)
- Schwab Target 2030 (SWDRX)
- Schwab Target 2035 (SWIRX)
- Schwab Target 2040 (SWERX)
- GMO Strategic Opportunities Allocation III (GBATX)
- T. Rowe Price Retirement 2005 (TRRFX)
- T. Rowe Price Retirement 2055 (TRRNX)
- Vanguard Target Retirement 2015 Investor (VTXVX)
- TIAA-CREF Lifecycle Index 2010 Institutional (TLTIX)