Re: Vanguard Asset Allocation Fund
The Vanguard Balanced fund VAAPX is my Roth IRA. I tend to agree with their assessments. One reason they may be all stock is their investment plan calls for stock VS long term treasuries and the like, not just any bond. It may be that some balanced fund would hold short or intermediate bonds at this time but since VAAPX does not plan to hold those then I assume they feel stocks are better than long term bonds.
Anyway, I do tend to like this fund and I am not inclined to move my Roth from it. But I do have other indexed funds, a few DRIPs and an expected pension so its just part of my plan. (Or what looks like a plan in that various somewhat divergent things are held and collected over time, and I can present this as a plan.)
Old men ought to be explorers