Set-It and Forget-It

The "set-it and forget-it" strategy is exactly what it sounds like: you make an investment plan, automate it, and then let it run without constant tinkering. This approach is popular because it's simple, reduces emotional decisions, and historically works well for long-term investors.

How It Works

Choose a diversified investment (like an index fund or target-date fund), set up automatic contributions from your paycheck or bank account, and let it grow over time. You're not trying to time the market or pick winning stocks—you're simply investing consistently.

Why This Strategy Works

• Removes emotion: You're not tempted to sell when markets drop or chase trends
• Saves time: No need to constantly monitor investments
• Consistent investing: Regular contributions add up over time
• Captures market growth: You benefit from long-term market trends

Best For

This strategy works well for retirement savings, long-term goals, and people who don't want to spend time actively managing investments. It's particularly good for beginners who want a simple, proven approach.

The Occasional Check-In

"Forget-it" doesn't mean completely ignoring your investments forever. Plan to review your portfolio once or twice a year to make sure it still aligns with your goals. But resist the urge to make changes based on short-term market movements.