6 reasons why Wall Street hates LazyPortfolios

I have always advocated investing in no load index funds. Here is an excerpt of the article. To read the entire article, click on the link below.

http://www.marketwatch.com/story/everything-you-know-about-investing-is-wrong-2012-03-27
By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — “America’s investors have been ripped off as massively as a bank being held up by a guy with a gun and a mask,” former Securities and Exchange Commission Chairman Arthur Levitt warned in an article in Fortune magazine a decade ago. That same year in his classic “Take On The Street,” Levitt lambasted the fund industry as “a culture that thrives on hype … withholds important information,” a “cutthroat business” that “misleads investors.” Today, it’s worse.

Lazy Portfolios give investors a far superior alternative than gambling retirement savings in Wall’s Street’s casino. Simple solutions: Just three to 11 no-load low-cost index funds, and zero trading . . . without brokers or advisers.

Follow six simple secrets and create your own Lazy Portfolio winner

1. Being average wins.
2. Buy and hold. Buy and hold. Buy and hold.
3. No market timing, no active trading. Never.
4. Not saving 10% for your retirement? Then you’re spending too much.
5. Forget short-term market swings.
6. Forget stock market news.