[seanp2k2]

This is what I've basically gone with and I've had good results so far. I basically wanted the most return with the least effort, so I just went for index funds with the lowest expense ratios.

""" There are some potential advantages to the share class structure of the Vanguard S&P 500 ETF. Although VOO is only a fraction of the size of IVV and SPY, VOO offers the lowest expense ratio of the group, charging just five basis points. """ http://etfdb.com/equity-etfs/closer-look-at-sp-500-options/

I get that SPY is better if you need to liquidate millions on a moments notice, but I'm definitely not there, so the nearly-double expense ratio didn't make sense IMO.

[YZF]

This is the most sensible option for most people.

The tough part will be staying the course if the market crashes, which it will at some point. It'll look like the world is ending and you should be investing in gun powder, canned foods and gold. You need to be comfortable with the idea that it may go down (even 40%-50%) and take a long time to come back up but you can keep buying through that and also get dividends...