I figure the market has been trading sideways for over 10 years now, and we're coming out of one of the biggest recessions in history. I think this is a long term bull run.
By going into an index fund you are likely to do better than 80% of the people but mutual funds have disadvantages due to their structure. I was reading very good description of problems at http://www.chainstreet.com/?page_id=230It seems index is better than most becasue it has less issues but by investing in index you are guarantied to get average performance , be it good or bad.
entry point around 1220 on the SP 500. Keep your powder dry!
Too bad you didn't go all in for NAESX. Your return over the last 10 years would have been much better than the S&P500.