Trying to find a work-around for index funds is one of the biggest mistakes the average investor makes; even professionals tend to underperform the broader market.
Investing in low-cost index funds is still the best bet for most investors despite the so-called 'narrowing' of index funds with tech giants dominating.
Malkiel emphasizes the simplicity of investing by recommending holding a broad-based index fund, especially for income from stocks.
Malkiel warns against the common mistake of trying to time the market, as research shows investors tend to buy high and sell low, contrary to an ideal strategy.
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