One fund to rule them all
Do you believe that investing could be as simple as buying one mutual fund for the rest of your life? For most folks this is a real possibility. If it is possible, I will attempt to convince my client that one fund is all they need.
Why is it a goal of mine to create a simple investment plan?
I know that the simpler the financial solution I give to a client, the less likely they are to try and mess with it over time. No need to reallocate or time the market. Just set it and forget it.
Don’t believe me? Of course you don't. We have been trained (by the banks and insurance companies) that the more complex (see expensive) a solution, the more likely it is to succeed.
Look for yourself. Check out Vanguard’s Lifestrategy funds or Target Date funds. Instant and inexpensive diversification. It’s so boring it has to work.