There are hundreds of thousands of people out there trying to beat the market, says Rick Ferry. "I know I can guarantee to be in that top 10% just by buying the index," he adds. If you want to invest in a large cap, US stocks, you buy the S&P 500 index fund. You want to buy emerging markets, you buy an emerging market index fund. When it comes to investing in bonds, you just want to buy investment grade bonds.

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