Armchair Investing

Armchair investing: Now there's an idea whose time has come.

No more obsessing over the market's manic mood swings. Just plunk your money into a short list of mutual funds and you'll sleep well at night, confident that your stake will grow at an acceptable rate until that day 10, 20, or 30 years from now when you retire.

Douglas Gerlach, author of the book The Armchair Millionaire: Build and Protect an Extraordinary Portfolio, Even on an Ordinary Income, by Following One Commonsense Investing Strategy and cofounder of a Web site by the same name, says all you need to make armchair investing succeed is the discipline to save regularly. Gerlach, a popular speaker on the topic of online investing, has long taken an irreverent, no-worries approach to financial planning, similar to what you'd expect of the Gardner brothers, who founded Motley Fool. ...