Sound advice for anyone at any time - IMHO.
Buffett’s investment advice to his wife when he passes: 10% short term govt bonds; 90% S&P 500 fund.
Sound advice for anyone at any time - IMHO.
___________________________________________________
The best investment advice is to not buy mutual funds, unless you are absolutely uninterested in managing your own money. These funds take almost 2% off the top, which makes it virtually impossible to outperform the market over time. I own 15 stocks through DRIPs(Dividend Reinvestment Plans), all of which are blue chip. Mutual fund managers, in order to keep up their ratings, have to join the pack, so they buy what everyone else is buying. By contrast, I dump $$ into the 2 or 3 of my worst performing blue chip stocks and can wait for the turn around. My portfolio is simple and, over time, has significantly outperformed the S & P and DJIA. Buy, never sell, and reinvest the dividends.