Don't touch managed funds, the fees are too high to be worth it. Don't touch index funds with high fees either. In fact once you've picked a mix of geography an

Don't touch managed funds, the fees are too high to be worth it. Don't touch index funds with high fees either. In fact once you've picked a mix of geography and stock/bond ratio find whatever index fund has the lowest fees. In terms of picking equity Vs bond ratio, if you're aggressive go 75% equity. I think (might be wrong) returns actually go down over 75%. For geography just match the world economy. The Intelligent Investor (By Benjamin Graham) covers the whole thing with sources and statistical backing. I've been following this for 2 decades and made about 7% per annum so I'm happy. It's low stress, low touch, low risk, decent return and compatible with various tax wrappers (pensions etc). What's not to like.