Selected American (SLASX or SLADX; SLADX has a higher minimum of $10K but lower expenses)

• This is my go-to core fund when people ask me for recommendations. It is a big holding for me personally.
• Great, shareholder-friendly management team; a good fund for all seasons.

Primecap Odyssey Aggressive Growth (POAGX)

• This fund is relatively new but this same management team has a long and successful track record running money for Vanguard-they also run Vanguard Primecap, Vanguard Primecap Core, and Vanguard Capital Opportunity.
• It's smaller than the Vanguard funds and therefore should be a little more flexible than they are.

Vanguard Inflation-Protected Securities (VIPSX)

• If you're holding bonds or bond funds, it can make sense to hold them in a tax-sheltered account because they kick off income, which is taxed at a relatively high rate.
• Treasury inflation-protected securities tend to be particularly tax-inefficient, so to the extent that you own them, you'd want to hold them in an IRA.

Masters' Select International (MSILX)

• International funds have been hot hot hot, but the typical investor still doesn't have enough overseas.
• Recently reopened to new investors.
• Provides one-stop exposure to foreign stocks: owns developed and emerging markets, value and growth, small and large.

T. Rowe Price Retirement 2025 (TRRHX)

• I randomly picked the "2025" fund, but investors should pick the fund whose date corresponds with their anticipated retirement date.
• These funds provide one-stop exposure to a variety of asset classes and give you an appropriate asset allocation given your age. The funds get more conservative as you get closer to retirement.