No. of Recommendations: 6
Take joelxwil's advice with a grain of salt. He's not entirely wrong, but he doesn't seem to realize that some people don't want to sit and look at their portfolio of stocks multiple times per day.

I see nothing wrong with choosing to use low cost index funds in more of a set-it-and-forget-it fashion. Just don't forget it completely. You do need to monitor long-term investments periodically - say every quarter or so.

I agree with this. There's no way to backtest it, but I strongly suspect that spending that same amount of time working on increasing your earnings (or just enjoying life!), rather than analyzing securities, will result in a higher long-term gain.
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