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Follow on Google News | It pays to be lazy: Lazyinvestors.com portfolio triples in 3 monthsLazyinvestors.com announced today their portfolio has tripled in three months, beating 100 percent of mutual fund managers according to data from Morningstar.com.
Lutes says he launched the website after spending the better part of a decade barely matching the S&P 500 by actively trading and investing before he came up with his “lazy” buy and forget strategy. He came up with the idea while deployed to Afghanistan where internet access is sparse, requiring a much more hands off approach. “My motto is that being lazy is far more profitable than active trading, so my rule is to buy only one ETF and forget about it for a while.” For investors who think they’ve missed the boat, he reminds them of what the site’s original article stated: "During our days of subscribing to Motley Fool newsletters, there was a lot of talk about turning $10k into $1 million in 50 years simply by investing in the S&P 500 index, which has averaged gains of 10% per year over the past century. We think it can be done quite a bit faster than that." While the portfolio has tripled once, it still needs to triple a little over three more times to reach that goal, so there’s plenty of time to get on board. For more information, go to http://lazyinvestors.com to find out how it pays to be lazy. # # # Lazyinvestors.com is a website dedicated to "lazy" buy and forget investors. Our goal is to beat the S&P 500, and therefore the vast majority of mutual fund managers, by buying a single Exchange Traded Fund (ETF), and forgetting about it for a while. End
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