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.
You know, rem141r, the target date funds are likely the best he has. It is an easy way to just invest. I dont care all that much for target date funds, however, in the long run, they are likely to do as well as anything else without all the stock picking.
