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Editor’s Note: This story comes from Wealthramp.
Active investing and passive investing are two contrasting approaches to making your money work for you in today’s market.
Both philosophies use the S&P 500 as a benchmark to gauge the success of their performance, however active investing will typically aim to outperform the benchmark, while passive investing will strive to replicate it.
Now you’re probably wondering which strategy is best for you? Well, the answer is not that simple.
I got into the business of active investing over 30+ years ago. I quickly climbed the ranks and became a Certified Financial Planner (CFP®) and then moved on to getting certified as a Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT).
Generally speaking, CFAs are taught how to avoid risks, while CMTs learn how to make money. A successful active investor or active investment manager will focus on and excel in both of these areas.
Throughout this article I’ll…
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