In this video, Austin Smith offers Foolish advice on investing in today's market.  The Volatility or Fear Index is trading at a five-year low, which may presage a period of market decline. What to do? Buy solid, dependable companies, be cautious when the market gets greedy (and it's looking a tad greedy now), and be patient. Just as cream rises to the top, great companies, over time, beat the market.

Austin Smith owns shares of Apple. The Motley Fool recommends and owns shares of and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.