Asset Allocation Fund

Like oil and hate telecom? Asset allocate accordingly. Nervous about the stock market...just happy to have safe bonds, at least mostly? Asset allocate accordingly. Investing for a 30-year time horizon? Then you probably want growthy smaller company securities and no cash or bonds.

That's what asset allocation funds do. They're essentially a custom car you configure to drive you to retirement or to whatever your next set of financial goals are. There are 14,372,083 asset allocation funds in the world, so have fun shopping.