And that's where
the Easy Chair portfolio was born.
Fast forward a few years and we see that the boring little
Easy Chair portfolio came through the tech bubble and 2008 market meltdown well ahead and maintained its steady returns record.
With the advent of exchange - traded funds (ETFs) what would that simple
Easy Chair portfolio look like today?
The idea also shows up under the similar moniker of
the Easy Chair portfolio.
Not exact matches
It's been 20 years since Rotman School of Management finance professor Eric Kirzner created a simple «set it and forget it» kind of
portfolio for Toronto Star readers called the
Easy Chair, proving a comfy spot for investors to park for many years.
The suggestion to divest the GBT (among other sites) was not an
easy one to make, says Daniel Eisenstein, a Harvard University astronomer and
chair of the
Portfolio Review Committee that issued the recommendation.
«So, from 1997 on, I hardly ever traded, I simply rebalanced the
portfolio — what I call the Rip Van Winkle or
Easy Chair approach to investing,» says Kirzner.
(These include the «Couch Potato»
portfolio by financial advisor and MoneySense contributing editor Dan Bortolotti, and the «
Easy Chair»
portfolio by finance professor Eric Kirzner.)