As well as starting a direct share portfolio, I want the bulk of my money to go into an Index Fund.
Ive seen a heap of financial Planners and unsurprisingly (due to their fee's/commissions) they recommended Managed Funds.
Having read about Index Funds I now know they are a better way to go, lower fee's, more tax effective etc.
Anyway as a substantial sum of money will be going into the fund, should it in reality be diversified? ie rather than 1 Index Fund, buy into a couple?
Im looking at a Vanguard ASX300 type Index.
The Index is already diversified to some extent as its a number of companies, however is it wise to go into other Indices. Having said that I cant seem to research any that are decent. ASX seems (historically and of recent) to be the strongest index so it doestn seem to make sense to look at others.
Also what companies (besides vanguard) can I look at for Index Fund options??
Any other relevant info will be greatly appreciated.