Friends -
I set my "lazy investor" strategy years ago. Now, I turn around and have hundreds of thousands in paper assets. All in VTSAX and SP500. I'm 100% in stocks bc I'm still only 36.
In terms of diversification, is there any reason to diversify across investment houses, in the same broad based index funds? For example, should I put some cash with Vanguard, some with Fidelity or other investment house? My thought is that if Vanguard goes Madoff, Behr Sterns, Lehman brothers or something, I might regret not splitting funds across investment houses, while still in the same broad based, low-cost index funds.
Just fyi, the money I'm thinking of is in three accounts. Two are 401k accounts through "Ubiquity." The other account is directly with Vanguard.
What do you think? Is this reasonable or necessary?
FIREby35