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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.