Dear Dagen: Is This the Wrong Time for an S&P 500 Index Fund?

I'm getting mixed messages from books, information on the Internet and my broker's comments concerning index funds. I told him I wanted to take my funds out of my Goldman Sachs and Delaware funds and invest in the (VFINX Quote)Vanguard 500 Index fund. My broker tells me the Vanguard 500 Index fund is not one he would recommend. He told me today that only a few of the 500 stocks are doing well, and therefore these stocks are carrying the entire fund. I'm confused.

-- Ruth Mangione

Ruth, ...