If I had a large sum of money and wanted a fairly low risk decent return on it, I'd buy the ASX200.
But to be honest, the returns in general seem to be pretty mediocre compared to what small caps have to offer.
I entered the market thinking I'd buy 50% large caps with decent dividends to collect a consistent payment, and then back high growth small caps with the rest of it for potentially great gains. And now it feels like 50% of my capital is just tied up in something slow and cumbersome.
I guess part of it is impatience, I don't think I'd be satisfied with 10% or 12% year on year returns, I'm after at least 30%, and part of it is a feeling of futility. With dozens of full time analysts covering the largest stocks, I don't really see any prospect of beating them at their own game except by forecasting broad economic trends.