Why hands-off investing pays off
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Put money into low-cost stock and bond funds, but don't forget the rest of the recipe: Leave your investments alone.
PHOTO: DAN PAGE/NYTIMES
Jeff Sommer
Don’t do it. Don’t touch your investments.
That’s the simple, yet hard-to-practise, lesson of a new study of investor behavior by Morningstar, the financial services company. It found that over the last decade, most people hurt themselves by trading. Once they put their money into stock and bond funds, they would have been much better off if they had just left their money alone.
