We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Actively-managed equity accounts are widely considered a rip-off for the muppets. I am not rich enough to get into hedge funds, but I'd like to be because those smart folks can do far more than I can, hedging currencies, national economies, sovereign debt, etc. while the average Joe like me is stuck with mass market retail products.
I like to have money, and enjoy the concept of making money in markets while busy at my day job. I keep spare cash in a Vanguard bond fund, while my IRA is miscellaneous but mostly Vanguard funds with a focus on proven income-producing equities and some balanced funds plus some good (legal, of course) stock tips, and some cash for the next market crash, locked and loaded. I control my IRA.
I also have substantial debt in the form of a low-interest but fairly large mortgage which I intend to keep as long as I am able to work. As I have calculated it, keeping a mortgage is a net gain for me.
Most people want capital-preservation above all, but if you want risk to make real money in markets, do what monkeys do and use your crystal ball and pick the right stocks instead of indexes indices and buy low, sell high. After all, funds dilute gains. So hire a monkey.
What do y'all do with your spare cash and with your long-term savings?