Smartest investment advice

By Dan Solin

1) Asset allocation

Determine what % should the stocks and bonds be in your portfolio.

2) Index mutual funds

All you really need is only three low-cost index funds in your portfolio

- Total U.S. stock market index fund
- Total international stock market index fund (10% to 20% of stocks allocation)
- Total bond market index fund

3) Rebalance the allocation once or twice every year