ETFs for 'Lazy' Fixed Allocation Portfolio

I wrote about new "ETFs of ETFs" from iShares last week. As I mentioned, people may have less interest in the market these days, but they still need to save, and grow, money for long-term financial success.

As a follow-up, here's how to use the iShares fixed allocation funds in a lazy portfolio of sorts.

The iShares S&P Aggressive Allocation Fund(AOA Quote) targets 91% equities and 9% fixed income. The proportion is fixed, as opposed to a target date fund that will move more and more to fixed income over time. AOA targets the S&P 500 at 32.9%, S&P Mid Cap 400 at 22%, S&P Small Cap 600 at 8%, MSCI EAFE at 20%, MSCI Emerging Markets at 8.1%, Lehman Aggregate Bond at 5% and Lehman TIPS Bond at 4%. ...