Originally Posted by troutslayer
Thanks for the info canuckowner. I'm already there but concerned that the 20 year average will not be in the 7%+ range (after fees). I guess I was just looking for THE "majic bullet".
What Canuckowner states on investment strategies is pretty sound. I followed an investment strategy on my own that was similar to what he describes and it worked well for me.
That said I still believe your investment strategies change with your age. I can't agree with his statement of not using a "slick" investment advisor. Some are extremely good. Since I retired I have gone with an investment manager. I know longer watch the stock market or care if it takes a big fall. I sleep well at night knowing my income is stable. My returns reflect what an age appropriate diversified portfolio returns. You need to take the risks with investments when you are young enough to take a serious market correction.
The key is still age verses risk on returns and if you choose to use an advisor find a really good fee only person that is young enough that he won't retire in the next few years.
Troutslayer I'll bet you didn't think your original question would become complicated.