The best investor is the dead investor (Investing beats trading part 2.)

I am not kidding. A close second is the one who forgot his log in details:

https://twocents.lifehacker.com/the-best-investors-literally-forget-about-their-portfol-1782581085

" In fact, lazy investing is so effective, a study from Fidelity found that the best performing investors had either forgotten about their accounts or even crazier—they were dead."

"Fidelity reportedly conducted an internal study—a performance review of accounts between 2003 and 2013 to find which accounts did the best. I love the way Living Rich Cheaply explained it (emphasis ours):

They found that the best performing accounts were from investors who were DEAD! In second place were investors who had FORGOTTEN they had accounts at Fidelity.

This was an internal study that made its rounds when asset manager James O’Shaughnessy relayed it on Bloomberg radio. However, it’s certainly not the first study to show that lazy portfolios work. Over time, slow and steady seem to win the race when it comes to investing. While active investors will tell you it’s possible to time the market and make a killing by playing stocks, the data seems to show otherwise, and set and forget investing is probably the easiest and safest bet for beginner investors anyway."

 

That explains my current problems with trading!!!

 

I hope this doesn't promote a rash of suicides.

 

I wonder if the dead investors are able to outperform the market.

I suppose buying SPY then dying would be the best plan.

 

Some people would do anything to win.

 

% ?

 

There are also some inmates getting out that went in far from rich, now some are getting out & wildly rich from having stashed their cash in Bitcoin.

 

LMAO what does OP reddit-man drive-by-poster (when not flipping burgers) think of that?

" ...... and set and forget investing is probably the easiest and safest bet for beginner investors anyway."

Beginner investors like ....

 

As if I needed anymore incentive to hang myself...

 

My grandpa bought some shares in a private startup bank in 1966 with a little over $3,500. Around 1987 the bank called to acquire their shares offering over $400k. Mom begged my dad to sell, after a year of screaming he agreed to take half ($250,000 by than) off the table to buy a rental in San Francisco. By 1988 or 89 it was worth almost $750(dad was furious he sold)1991 it was $0.