yes you can buy the index fund jack vogel's approach with vivian guard front but most people who like the defense or the action it is not a gamble there is a difference between investment and speculation but i would say that people love stories this is what they don't get if you want to hear a great story of the individual stock increasing dividends were earning more money or a new product of rumor about the buyout i have been writing my own newsletter since reagan was elected i am a survivor and i started off by recommending the index funds , but that did not excite people but i would do storytelling of individual stocks like apple or ibm or microsoft then people to get excited these are real people not like a drunken sailor is buyers have been enllers. sellers. there is the excitement on wall street so my book is written for the intelligence investor who was interested in applying a new school of economics.

that's what's jack vogel says. vogel examined two portfolios, both 70% stocks, 30% bonds.ar, another never touched. guess what, there was very little difference. but that's not to say you should always leave your portfolio on autopilot. experts say consider lower risk options like a core swer intermediate term bond fund or dividend paying stock fund. doesn't try to invest by playing the headlines. >> for the average person, i would just try to take a vacation from the market for about two to three weeks, don't do anything rash or silly. by selling when it appears that the news is bad. >> he says this as a multiyear bull market for stocks. he feels profits will be excellent for american companies next year. christine romans, cnn, new york. >> don't do anything rash. hala is going to go down to cnn international to anchor her regular show. >> great being with you. if you're able to watch cnn international, i'll be with you there in about ten minutes. >> stick around here for the rest of "around the world." when we come back, remember madeline mccann, 3 years old when she var

opinion of someone who's not political at all, i think, someone who is an expert in this field, jack vogel from van guard, who uses the number 30% in unnecessary fees that have gone up here. so i think the proof is ample, that many americans have rather poultry retirement accounts because of very high fees that they're paying. second, mr. speaker, the chairman talked about the suitability standard under the securities law. well, that's kind of the point. the suitability standard is not a fiduciary standard. the suitability standard assumes an arms-length transaction between people of equal or similar competence, where it's every man or woman, indiana vester for him or herself. the pension situation is very different. this is a situation where someone is driving a bus or building houses or teaching school or working in a software company and that's what they do, they don't do investment all the time. so when they turn to someone for advice, they're assuming that that someone is on their side. that the advice that someone has given them is in their best interest, that's the very nature of a

jack lew the treasury secretary warning the risk of default is real. but is it? joining us, mike vogel, president of boston advisors and our own mcc who covers greece and knows what she speaks about defaults. mike to you, deep and extremely wonk owe. if you don't like wonk look away. five-year credit default swap on u.s. debt. reflect the cost to insure debt and still low overall. the cost of cdss has been rising a bit the last few days. do you see any chance at all, the u.s. government actually does not pay up on its obligations? >> of course there is. that's what the whole debate is about. there's a chance. it's a small one and the market is looking through it at the moment. there's a chance. i think it's extremely long shot. it's very hard to put odds on something like this. the cds does the best job of translating that expectation into market price. so we've been watching it. the fact of the matter is, if this ends up -- if this ends up getting worse, right, if you start to get more intraj gents from both sides, it could get ugly and you could see the cds move up a bit. i don't thi