Want to Outperform 98% of Professional Mutual Fund Managers? Buy This 1 Investment and Hold It Forever.

Wall Street is full of some of the sharpest investors in the world. Professional fund managers tend to be highly educated, hard-working, and extremely smart. So, finding a way to outperform these finance whizzes might seem impossible.But it doesn't take a highly complex trading plan to come out ahead of 98% of professional mutual fund managers over the long run. You don't need to spend all of your free time studying the markets, staying up-to-date on the news, and developing proprietary strategies for when to buy and sell. In fact, the less work you do, the better the strategy works.If you want to beat the professionals, your best bet is to buy a broad-based index fund and just hold onto it. The strategy will produce after-tax returns better than about 98% of actively managed mutual funds over the long run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool