It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The definition of investment is the deferring ofpresent consumption for future consumption. So, you dohave to be willing to defer. And there are a couple of tricks that you can use to save money. One of them is simply to pay yourself first.

The deeper one delves, the worse things look for actively managed funds.

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

99% of fund managers demonstrate no evidence of skill whatsoever.

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.