A question from a cautious would-be investor -
I have a reasonable lump of cash to invest (around 200k) and have had it sitting in an NS&I account for a good bit over a year awaiting the big correction, which stubbornly seems to not be happening.
I've recently read "Investing Demystified" by Lars Kroijer and his whole shtick (which could be written on a beer-mat) is to realise that being able to outsmart the market is pretty much luck, so the best approach is to diversify as much as possible and balance appetite for risk by varying bonds vs stocks. I'm guessing this is pretty much what the various Vanguard LifeStrategy funds do?
I'm still worried that the world is going to go to hell in a handcart in the near future, so I'm thinking Vanguard LifeStrategy 20%.
Make sense? Better alternatives? Or for this kind of decision I should really be seeking financial advice?
I'm 48 and looking to lock it away for a good while (retirement).