Target date mutual funds provide a one-stop shop for retirement portfolios. The target date is the approximate date when investors plan to start withdrawing their money and you get an asset allocation that is geared to a specific retirement year. It then gradually gets more conservative as you inch towards that target date, a seemingly excellent investment solution.
After experiencing two major asset bubbles in the last 15 years, we find ourselves on constant bubble alert. The Sherlock Holmes in each of us is inspired to investigate which major asset class is set to experience the next spectacular fall. What common investment is so ridiculously overpriced that only a fool would dedicate even a dollar to it?