I guess I do have something to add.... (what a surprise) 
I've been involved in many "sophisticated" investments in my time and they usually just didn't seem to turn out like they were supposed to. With a little selective memory, I pretty much rocked on until I started seeing articles about the benefits of index investing. When I pulled together my returns over a number of years, it was pretty clear that I'd have been much better off asset allocating in indexes.
I'm now in a low stress situation that nets me a better return. I do miss the excitement of a "hot stock" but I'm just about over it. My basic approach now is to worship liquidity and low fees. If I ever get over $5MM or so I might revisit the need for high liquidity in all investments (other than my home).
I've been involved in many "sophisticated" investments in my time and they usually just didn't seem to turn out like they were supposed to. With a little selective memory, I pretty much rocked on until I started seeing articles about the benefits of index investing. When I pulled together my returns over a number of years, it was pretty clear that I'd have been much better off asset allocating in indexes.
I'm now in a low stress situation that nets me a better return. I do miss the excitement of a "hot stock" but I'm just about over it. My basic approach now is to worship liquidity and low fees. If I ever get over $5MM or so I might revisit the need for high liquidity in all investments (other than my home).
