Beware of the Mutual Fund Myth:
for-profit mutual funds have an inherent conflict of interest. They make money by charging fees that suck profits away from investors in the funds. In fact, over time -- when you factor in the fees, taxes and other costs -- he says your odds of beating the market in an actively managed fund are less than one in 100.
Invest in Nonprofit Index Funds:
mutual funds that are organized on a not-for-profit basis don't have the same conflict of interest as for-profit funds, and they charge lower fees.
Pick the Right Investment Mix and Keep Your Money There. Don't Move It Around!
Don't, for example, try to decide when to buy U.S. stocks and sell a lot of bonds, in an effort to predict which way those markets are heading. If you do that, he says, you're going to lose over time, because you'll be competing directly with professionals like him.
Rebalance Your Portfolio:
Adjust Your Portfolio as You Near Retirement:
clipped from: www.npr.org 
