Hough laid out the steps for creating a sensible asset allocation, selecting index funds to fill the allocations, and rebalancing occasionally to control risk.

FORBES: Dirt-Cheap Adviser Needed

Investors who are neutral or partially-skilled at selecting active managers should be 100 percent in index funds in all investment categories and styles.

FORBES: 1 in 20 Fund Investors Beat the Odds

The passive form of investing is about reaching your goal by selecting the right asset allocation for your needs, participating in the markets cheaply through index funds and ETFs, and rebalancing the portfolio on occasion to return to its target allocation.

FORBES: Passive Investing Beats the Markets