SeekAlpha article at Yahoo business. Worth a look for those that may want a one-stop way to meet time specific goals. Lifecycle ETFs are designed with a specific retirement date or other time specific goal. As the target date gets closer, the fund manager changes asset allocation to less risky investments. If they work as advertised they may have several advantages over other ETFs and other open ended mutual funds, such as lower expenses than other target date funds, rebalancing asset allocation so an investor doesn't have to do it by hand. They are new funds, so it would be foolhardy to put a lot of money into them until a track record is established.
The stock market has been rocking and rolling since I last wrote. Too many movers to recap. I will mention that BNI looks like an interesting long. Positives: Warren Buffett owns a bunch, a good earnings report, and a decent looking chart.
BGG, SBUX, WAG, WMT, WM are candidates for late October buying. All of these five are near their lows, and may see significant institutional tax selling, as the books close for many funds on October 31.
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