On Fri, 24 Dec 2010 18:13:37 -0600, Ignoramus4253
wrote:

On 2010-12-24, wrote:
On Dec 24, 5:09?pm, Karl Townsend
wrote:

What should a prudent small guy do?

Karl

If you want specific advice , look at the following mutual funds. And
do not put all your money in just one fund.

VEIEX , VMGIX, VISGX, VFSVX, and VFINX.

Dan

My kids UTMA accounts are in VFINX. (part is in other stock funds).

Vanguard is one of the VERY few honest financial enterprises, that is,
not out to get me when I am not looking.

If I had enough savings to live on dividends from stocks, I would be
very comfortable having almost all my net worth in stocks, AT THE
CURRENT PRICES. If stocks rise in price and are again recommended as a
sure way to be wealthy, then I would, out of contrarian reasons, bail
out.

i

Agreed, all my retirement is in Vanguard. I hope you're right, you
have a far more optimistic view of the future.

Karl