A lazy portfolio is any portfolio that requires a collection of investments with little maintenance.
With this exposure, you will have exposure to the top companies in all of the world. This will be a very diversified portfolio.
In this 3-Fund portfolio, Larimore breaks down the stock portion of the portfolio into two funds.
I am a young individual with lots of room to grow within my portfolio. Right now, I am in the accumulation phase of wealth.
The 4-Fund portfolio just adds an index fund of REITs to get a broad exposure of the REITs.