Is Now The Time To Get Into Gold?

Vanguard Target Retirement 2055 mutual fund (VFFVX) is actually a combination of index funds.

Vanguard Target Retirement Funds offer a diversified portfolio within a single fund that adjusts its underlying asset mix over time. The funds provide broad diversification while incrementally decreasing exposure to equities and increasing exposure to bonds as each fund's target retirement date approaches. The funds continue to adjust for approximately seven years after that date until their allocations match that of the Target Retirement Income Fund. Investors in the funds should be able to tolerate the risks that come from the volatility of the stock and bond markets. The 2055 fund invests in four Vanguard index funds, holding approximately 90% of assets in equities and 10% in bonds. You may wish to consider this fund if you're planning to retire between 2053 and 2057.

1 Vanguard Total Stock Market Index Fund Investor Shares 63.2%
2 Vanguard Total International Stock Index Fund Investor Shares 26.7%
3 Vanguard Total Bond Market II Index Fund Investor Shares* 8.1%
4 Vanguard Total International Bond Index Fund Investors Shares 2.0%

Thanks for the additional information starbuxinvestor, that is good information for new investors.

I don't actually own one of Vanguard's target funds directly, I own the admiral version of each individual fund and rebalance periodically. That way I own the equivalent but pay even lower expense ratios.