Not 'ill-advised' at all. Giving someone else a huge chunk of your profits to sit on your assets is ill-advised as far as I'm concerned. If you are happy with mutual funds - power to you. I'll just keep the income from my stocks for myself thank you very much.
Vjk
Whatever helps you sleep at night. But at the very least understand that expense ratios in index funds that are reputable do not constitute a "huge chunk of profits" and in fact is a very small amount of your profits.
The ill advisement is towards a 50% allocation in precious metals and is not referring to your stock balance whatsoever.
Per the Power of Compounding, the expense ration IS huge up front and becomes HUGER exponentially as time goes on.
My metals I bought in 1999-2000. When gold went above $1800, I sold enough to recoup my entire original investment and then some. So, I basically just sit on the rest using an occasional coin to buy something. Like, I swapped a 0.1 oz gold coin for 2 cords of seasoned red oak firewood. At the time the coin was worth about $160, but I paid about $27 for it originally. I would not particularly recommend that allocation today, but the Libertarian in me loves it. My real estate is my house in town and my farm in the mountains. Both paid for. We are slowly moving to the farm, but I still live at the house during the week for work. I'll probably sell the house some time this year and but more stocks. My perspective on the stocks is basically to produce an income stream.
Vjk