Belmar, NJ (PRWEB) April 26, 2011
Does tripling your investment portfolio in three months sound too good to be true? Lazyinvestors.com announced today they've done just that. Site founder Graydon Lutes says the site was launched with the goal of beating the S&P 500, and therefore the majority of mutual fund managers, by buying a single Exchange Traded Fund (ETF). His investment thesis is based on the decline of the dollar and subsequent rise in silver prices, so the ProShares Ultra Silver ETF (ticker AGQ) was purchased for the portfolio at $117.95 on January 25th, and its price doubled to $353.85 today. The portfolio's 200 percent gain handily beat the S&P 500's performance of 3.5 percent over the same period, as well as 100 percent of mutual funds according to data from Morningstar.com.
Lutes says he launched the website after spending the better part of a decade barely matching the S&P 500 by actively trading and investing before he came up with his "lazy" buy and forget strategy. He came up with the idea while deployed to Afghanistan where internet access is sparse, requiring a much more hands off approach. "My motto is that being lazy is far more profitable than active trading, so my rule is to buy only one ETF and forget about it for a while."
For investors who think they've missed the boat, he reminds them of what the site's original article stated: "During our days of subscribing to Motley Fool newsletters, there was a lot of talk about turning $10k into $1 million in 50 years simply by investing in the S&P 500 index, which has averaged gains of 10% per year over the past century. We think it can be done quite a bit faster than that." While the portfolio has tripled once, it still needs to triple three and a half more times to reach that goal, so there's plenty of time to get on board. For more information, go to http://lazyinvestors.com to find out how it pays to be lazy.
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Read the full story at http://www.prweb.com/releases/2011/04/prweb5272854.htm
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