<prompt> Human: Hello,I am currently looking into building a taxable portfolio and I am wondering what is the advantage of buying myself the individual funds instead of just buying a lifecycle fund.The allocation I want is 80 stocks 20 bonds. Exactly like the growth lifecycle. The expense ratios are almost the same. Lifecycle reallocate automatically. And the funds I would buy are the same as the one in the lifecycle fund. There is no admiral share though. And its not tax-managed?I dont really know if I am missing something or not. Any help would be welcome. If I am totally off mark any example of tax efficient portfolio would be great!Thanks!  <response>: Check this out. 