I think you'll find a lot of people here recommending Vanguard Index funds... I have about 15% of my total investments in them myself. All of my equities are Large Cap dividend producing stocks, I have kind of made my own "MF" of sorts. They are doing quite well and include GE, PG, VZ, CVX, XOM, MMM, BAX, MCD, IBM, INTC, JPM, PEP and YUM. I generally have a bond ladder set up to balance the volatility as well as PCRIX and a Northern REIT fund. I generally balance my portfolio by buying more Vanguard funds including admiralty shares (VWINX)
"If it didn't have bones in it, it wouldn't be crunchy now, would it?" -M. Python
Age 50, DW is 54, 1.4M split 25 Stock, 40 Mutual Funds, 25 Bonds, 5 Commodities, 5 REIT. Own Home, no debts.