Smart Advice for the Huffpost Investor

Another study demonstrates the consequences of following the advice of brokers and advisors who push actively managed funds on their trusting clients.

Many readers had a strong reaction to my advice that you should determine your asset allocation, invest in a properly allocated portfolio of low cost index funds and stay the course during these turbulent times.

Acting rashly out of panic is far more likely to cause harm than letting those feelings pass and reflecting carefully. Dumping stocks in bad times is probably the worst investment decision you can make.

If Congress really cared about the people, it would enact these ten changes. All it would take is placing the interests of constituents above those of the insurance and securities lobbies.

I'm more concerned than most about future developments that could make any investment in retirement plans a bad choice.