What funds should you buy? Should it be index funds or exchange-traded funds, or low-cost actively managed funds, or should you pay an adviser for access to special products like DFA funds? This is an important question — but it’s often the wrong
question. The products used to construct a portfolio are a function of a portfolio’s purpose. Get the purpose right first and then select the product. When Fund Selection is Done Right
Choose a few low-cost index funds in different asset classes, rebalance occasionally, and forgetaboutit!