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.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.