3 Investing Tips for People Who Don't Follow the Market

Do you know you need to be in the stock market to grow your nest egg but also have no interest in making it a full-time job? You're not alone. Good news: Not only can you be a relatively inactive investor and still be successful, but it might actually help your returns. The correlation between lots of trading activity and underperforming the broad market is alarmingly high. The buy-and-hold crowd really does end up doing better in the long run.

That being said, anyone not looking to keep daily tabs on the market or their positions still needs to be smart. Here are three things any such investor should keep in mind on the rare occasions they're taking action.

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Source Fool.com