Instead, allocate your assets for the long-term based on your financial need, and select low-cost index funds and ETFs to capture the returns of asset classes you select.

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Instead, stay defensive and only look to buy into select low-risk plays, as outlined by MoneyShow senior editor Tom Aspray .

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Select low-cost index funds to represent asset classes, mix those asset classes to your needs, place them in proper accounts for the best tax efficiency, and let the magic of compounding do its thing.

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