Originally Posted by dougie790
I am looking to keep things as simple as possible. I want only one fund either or. I used to be a hard core Vanguard Diehard (think DFA-ish slice and dice) but now prefer to keep things as simple as possible with one fund.
That's your prerogative -- But keep in mind that in 2000-2002, when the S&P 500 dropped 50%, many portfolios which contained small caps, international stocks and bonds dropped by only 10-20%.
(The flip side, in fairness, in that in 1997-99 the S&P 500 way outperformed most other equity asset classes.)
I personally would not be comfortable having all of my equity exposure in one asset class, but if the added volatility of having only one major equity asset class doesn't bother you, then sure, stick with VFINX. If you only want to own one stock fund and you don't have a "total market index" available, I suppose this would be it.