A friend recently asked me my thoughts on mutual fund investing, seeking advice on how to build a portfolio. Rather than just give him some notes, I choose to right a post so that anyone can see my approach. It's certainly not perfect. I strive for simple and easy to manage. I do not chase the latest fad. I talk only about mutual funds, the same thing can be accomplished with ETF's purchased through a broker, direct mutual funds save a middle man, they are easier, if you don't have a broker.
