don't knock the target date retirement funds from vanguard. decent returns, ultra low fees and automatic rebalancing. i moved most of my retirement money to them years ago and have done well. but that said, with retirement looming, i have 5+ years of expenses in money markets earning next to nothing. as a long term investor this pains me, but it will allows one to ride out a bear market without selling any of the less conservative holdings during downturns.
