A couple of comments. Looks like your target asset mix is very conservative given your age. What are your reasons for being so conservative?Your dad may be suggesting that you get a fund that is a mix of equity and bonds, and that the fund rebalances that mix when needed? Not sure without knowing what fund it is. In a mutual fund, it's my understanding that you as an investor won't lose money if the fund rebalances. But you would if you, as an individual investor, were trying to time the market and doing a lot of trading of individual stocks (or funds) yourself. It is generally a good idea to rebalance your portfolio once a year or so to make sure you have the mix of equities and bonds that fits your goals (ie 80% equities, 20% bonds).
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