How to Gradually Build Wealth Using Passive Investing

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11. When you should choose passive investing

Which strategy you choose depends on where you are in life and what your objectives are for your money. Want to buy a house in the next three to five years? An active management plan will potentially help with faster gains and get you the funds needed to make that purchase. If you envision a longer-term savings goal such as building a retirement nest egg or a college fund for your toddler, your wiser choice may be a passive investment strategy.

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