No. of Recommendations: 1
REITS and GNMAs..Vanguard, of course...but they spin off lots of taxable income, so they are best in an IRA or 401K.....good for when you retire and need annual income...<grin>.....and good when the stock market doesn't do much for years.

No more than 3-5% in either or both....of your total nest egg...

Remember, on the average, stocks go up 2 out of every 3 years....which means there are lots of 'down' or zero growth years. So you want to have something else earning money that year...bonds....GNMA...REITS....

I'm now in the process of consolidating lots of my stuff that I had at different places...had a small IRA here....another one there....rolled over the 401K into self directed IRA at Vanguard when I retired. Rolled over 'pension' cash value into the Vanguard IRA.

The Malkiel book is definitely worth'll get as much as out of Bernstein's book. You can buy the used 2001 or so edition for half price.....

Then, if you have not read it already, get a copy of The Millionaire Next Door (borrow from the library) by TOm Stanley.....

Sounds like you're on the road to successful investing already.

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