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Alright, now it’s time to get down to the nitty gritty. You’ve decided on an allocation and you’ve decided on a location. Now for the big question: what funds do you actually buy? As it turns out, this part is actually simpler than you might think. There are two main rules: #1: Follow your allocation. This means avoiding funds that are mixes of different asset classes, which includes most actively-managed funds, since they almost always contain some amount of cash. #2: Find the lowest expense ratio possible. Forget Morningstar ratings; within a given asset class, expense ratio is the best predictor of fund performance. Now, this is simultaneously intuitive and counter-intuitive — one would e