This
12-Step Program has explained the many advantages
of passive indexing over active investing. An
investor invests in peace of mind with this
less stressful passive approach, which provides
freedom from the anguish and panic of active
investing. Indexing is not designed to be a
quick fix and does not carry the seductive quality
of gambling or day trading.
Step 12 : Program Overview
This
rule points out the value of the Modern
Portfolio Theory. It essentially tells trustees
that index funds are the prudent way to
invest trust assets. The rule acts as a
legal road map for estate planning attorneys,
trustees of all types of trusts, and investment
advisors.
