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.

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Source Fool.com