THE LIFE CYCLE

摘要

As people age, they should move their portfolios from riskier investments like stocks to more conservative options like bonds and cash. Yet often they don't. Enter life-cycle funds. Investors pick a fund based on the year they plan to retire and let a professional manager do the rest, gradually swapping investments as the years go by. Michael Porter, senior research analyst at investment tracker Lipper Inc., calls it "fast-food investing."