No. of Recommendations: 1
I suggest reading this:

It's a short read, giving a easy to understand explanation about investing. I believe one of the authors was an investment banker who had cancer and wanted to provide a simple understanding of investments.

I've read it and it does a good job as it was a refresher for what I learned in school. It gives asset allocations so they'll be able to follow one with very little tweaking. Oh, they recommend index funds or ETFs.

My only reservation today, is the fixed income portion of your asset allocation. With interest rates so low for such a long time, I can't bring myself to invest in any FI fund. Instead, I'm substituting indexed dividend funds on the assumption they are established companies that while they may not gain much in value, they won't lose much value either. You're looking for the 3-5% dividend stream, which matches or even exceeds FI funds.
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