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Don't hold against me that I don't own - that I don't own a single stock or bond. Don't hold it - I have no savings accounts.

What I put in the stock market, I don't have to touch in my lifetime. I want to live off my bonds. I want to be that safe.

I'm only going to make investments with people that I'd want to spend time with anyway.

I'm a kibitzer with a broad portfolio.

I'm primarily just an investor.

I'm a very passive investor.

If the investor doesn't have enough time and skill to investigate individual stocks or enough money to diversify a portfolio, the right thing to do is to invest in exchange-traded funds that give you exposure to asset classes. It does make sense for the individual investor to think in terms of holding individual asset classes.

Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.

You've always got to think about having some fixed income in your portfolio as well as equities.

Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right.