Index investing is boring, so very boring, yet very profitable. If you're someone that needs excitement in your life, by all means, give your portfolio to a broker to churn away your wealth. His family will appreciate the yachts and houses your commission buy. But if you like low fees, paying capital gains primarily when you sell, and reaping the majority of the returns the economy has to offer, then the Grouch Potato Portfolio might be to your liking. It's so simple even a dummy like me could follow it.
Alternative #1: For those concerned with rising interest rates.