While most funds have suffered lately, the downturn has been particularly excruciating for investors in target-date funds.During the third quarter, the average target fund lost 10%, compared with a loss of 8.4% for the S&P 500, according Ibbotson Associates, a Chicago research firm. "Many investors were shocked by the unexpected losses in target funds," says Tom Idzorek, Ibbotson's chief investment officer.
Target-Date Funds Tank
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.