No. of Recommendations: 0

For what it is worth, here are a few suggestions for investing with a 15 year time horizon.

1. I believe the core holding should be in a no load index fund based on the S & P 500, such as Vanguard Index 500. Over the long haul, few actively managed funds out perform the Index.

2. Given the long time horizon, if you want to swing a little, you might consider buying a few shares of the Nasdaq-100 Index Trust. These shares trade on the Amex under the symbol QQQ. The shares are based on an index of Nasdaq's largest non-financial companies. This index actually has outperformed the S & P 500 over the last 15 years. What I like about this one is that it will give you a play in most of the big name tech stocks like Intel, Microsoft, Oracle, ect. and also give you a fractional interest in Yahoo!,, JDS Uniphase, ect. I believe at this point some of these stocks will be home runs but it is impossible to quess which ones, so buying a basket containing a number of the better names is the way to go.

I would keep a little cash in a money market fund...maybe 5%.

Also, starting in about 10 years, I would reduce the stock holdings of the portfolio by 10% each year for five years, replacing the stocks with Treasuries of 5 years maturity. Year 10, sell off some stocks and buy 5 year treasuries; year 11, sell same amount of stocks as the previous year, buy 5 year treasuries.

This way, 15 years from now, your dad will have a diversified stock portfolio and a bond ladder to generate income and will have reduced the risk each year for five years as he moved closer to retirement.

Good luck
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