I'm pretty new to the whole portfolio management thing. I've invested in Vanguard in the past, but I believe I could do better using ETFs. I've come up with a buy-and-hold portfolio that I intend to keep for more than 15 or so years. It's based on the available ETFs on the ASX, with the aim of being as diversified as possible: SPDR S&P/ASX 200 index ETF - 50% iShares MSCI EAFE Index ETF - 20% iShares S&P SmallCap 600 ETF - 20% iShares MSCI Emerging Markets Index ETF - 10% The weighted MER on this portfolio, which is 0.325% beats Vanguard's equivilent high growth index fund by 0.575%. I just want to get some feedback on the asset allocation. Is this a stronly diverified portfolio? Any comments would be good =).