[p0ckets]

To get the diversification benefit from holding the bond fund, you'd need to rebalance (every few months to every few years).

[birken]

If you are lazy you can just put your money into one of the 10+ Vanguard Target Retirement funds [1] which are just varying mixes of their stock/bond funds + automatic rebalancing. It goes from 90%/10% stock/bond mix (VTTSX) at the high end to 30%/70% at the low end (VTINX).

1: https://investor.vanguard.com/mutual-funds/target-retirement...

[guyrt]

If you are investing new money every month and attempting to maintain the same allocation over time, you are in a sense automatically rebalancing. Of course, this assumes your total investment over a given time period is roughly in line with the relative delta in performance.