My Investing Plan.... Its interesting as hell....

[KaneKungFu123]

I feel that my hourly rate playing poker is high enough that the time it'd take me to actually learn about investing is actually -EV. I dont even find the stock market very interesting. Of course, I dont want to get my money in as a huge fish. I plan to choose low risk investments. If I could average about 7% accros the board Id be satisfied.

I currently have about 100K I want to invest.

It looks like EFT's are a good way for me to go. So do I pick 10-20 EFT's and put 5k-10k in each of them?

I was considering diversifying by putting money into a bunch of the forign index EFT along with US indexes.

France, Belgium, Spain, Italy, S.Korea, Hong Kong, Australlia, Latin America, etc.

also, how safe are these internet trade websites. ive got 30k in www.sharebuilder.com right now. is my money insured if they pack up and leave?