Boards opinion on index vs managed

Index

And you can do some ETFs if you like.

My favorites is QQQ....Technology

As more and more money moves to indexed it becomes easier for managed money to beat the market. Remember the stats everyone throws up showing indexed beats managed is a little misleading since they lump all the crappy managed funds in there. If you look at low expense, independent ( no bank and broker funds) where the mangers have their own money in the funds the performance tilts slightly to managed. Now for those who don't follow it, stick w indexed.

In general, indexing does better than active management for most people.

There are people and funds who outperform markets, but it is rare.
Maybe you are the one who can beat the market for 30 years.

The things I've learned in 25 years of investing:
1. The longer the time horizon, the better an investment strategy will work out
2. The costs of investments should be as low as possible
3. buy things you understand. If you cannot explain what your investments are to a third grader, consider another investment.
4. Do not expect results to be positive at all times. Investing has risks even if they are carefully selected.
5. Do not invest money that you cannot afford to lose. Even sure things do not always work out.
6. Invest as much as you can as early as you can. Time is the ally you need to compound wealth.
7. Buy low; sell high. Sounds easy. It is hard to go against the crowd.