Merch asks:

<<I am rather new in this game, and am starting to be more active in managing the family's assets. To start, I am ready to re-allocate our somewhat lazy mutual fund holdings into a more foolish configuration. There is a substantial amount of value in the portfolio (we are early 50's) and we are going to add a large chunk monthly for the next few years (empty nest!). I am in search of some suggestions, literature and websites on foolish portfolio allocation for greybeards like myself. Any ideas?>>

Chris aka SnootFool gave you a great reply. As one who's hair has also lightened remarkable of late, all I can add is that asset allocation is a very personal decision that only you can make based on your long-term goals and willingness to take risks in the investment marketplace. There just ain't no magic answer to that question or even (at least IMHO) a "reasonable" rule of thumb. I believe near retirees and those already retired must still maintain substantial holdings in equities despite the desire for "income producing" assets. And to me, that translates to all the money I won't need for a minimum of five years from today. But that's just my opinion. You have to decide on your own comfort level.

Regards….Pixy