Examples of pre-constructed funds are the Fidelity Freedom 2030 Fund (FFFEX Quote - Cramer on FFFEX - Stock Picks), a fund with a moderate asset allocation, as well as the Vanguard Target Retirement 2050 Fund (VFIFX Quote - Cramer on VFIFX - Stock Picks), which is more heavily weighted toward equities right now. Even if you don't believe you want to go with a pre-constructed fund, looking at the asset allocations of funds like these can be great reference homework on its own.
It's Allocation Time
Whether or not retirement is looming on the horizon, it's essential to "construct" your portfolio the right way from day one. By understanding the concepts of asset allocation used by the pros, you can make your portfolio grow for the long haul and ultimately get you to wherever it is you want to go. To learn more about asset allocation and portfolio management, check out these stories on TheStreet.com:- Three Elements for a Benchmark Portfolio
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