More than 30 years ago he created a simple passive investing strategy that predated the exchange - traded fund market with a way you could put
your portfolio on autopilot and earn returns that matched the returns of the broader stock and bond markets with minimal cost.
If that's too scary, or too much work, put
your portfolio on autopilot with target date style retirement funds that automatically adjust as you near the big day.
, putting your retirement
portfolio on autopilot.
CNBC says about these funds that they are «tailor - made for those who prefer to put their investment
portfolios on autopilot.»
Not exact matches
And unless you plan
on putting your investments
on autopilot, you'll have to make time to rebalance your
portfolio and ensure that fees aren't eating up your earnings.
Finally, this is one piece of advice that is likely to do you well if you've chosen to build a long - term, conservative investment
portfolio based upon dollar cost averaging, low - cost ownership methods such as a dividend reinvestment program (also known as a DRIP account), and do not expect to retire or need the funds for ten years or more, the best course of action based upon historical experience may be to go
on autopilot.
There is an appealing simplicity in the concept of target date funds that has a strong attraction for investors: Just pick a year, and lean back — your
portfolio management is now
on autopilot, with coordinated diversification among the major asset classes that is rebalanced periodically toward your estimated time of arrival, your target date.