Studies done by online stockbrokers where they analyse the results achieved by their clients found that the ones that did the best were those that had died (and the category that did second best had forgotten their log in details).
The Best Investors Literally Forget About Their Portfolios
“Set and forget” investing isn’t sexy, but it works. 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 … Continue Reading (2 minute read)