Want to Outperform 92% of Professional Fund Managers? Buy This 1 Investment and Hold It Forever.
Professional fund managers get paid a lot of money to take charge of billions of dollars in assets for investors. They tend to have a certain level of education and expertise, which should give them a leg up on the average Joe investing at home. Unfortunately, most professionals aren't worth the price.
Anyone can outperform 92% of active fund managers over the long run, and they don't need any special insights into the market to do so. In fact, the necessary approach is about as hands-off as it gets.
All you need to do is buy an S&P 500 index fund, such as the Vanguard S&P 500 ETF (NYSEMKT: VOO), and hold it forever.
Source Fool.com
