Best performing accounts at Fidelity?

Which group of investors had the best performing retail accounts at Fidelity between 2003 and 2013?  Yep, you guessed it…….dead people.  Closely followed by those that had forgotten they had an account there.  This is reportedly from a Fidelity document that came out a couple of years ago.  Google away for more citations.

I just need to be sure folks see this.  Nothing new really – just shows that low turnover, buy-and-hold investing works better than almost any other strategy for the vast majority of individuals.  What the dead people and forgotten accounts did, was not sell at market lows.

Simple advice that simply works.  Just thought this effective idea deserved more time in the sun!  (and boy do we have beautiful sun here in Chapel Hill today – 74 and low humidity!)