Episode 14: Active Money Management
Feb 14, 2020
Adam got his start in active money management. That is to say analyzing market trends, economic and political data, and paying attention to business-specific news when making trading decisions. And while there’s much truth and wisdom in the “buy and hold-on-for-dear-life” strategy of investing (passive investing), active money management is an equally important strategy for protecting your hard-earned money. In this episode, Adam explains why.
Here are just a handful of the things that we'll discuss:
- The key differences between active and passive money management strategies.
- Why retirees, specifically, need active money management as part of their financial plan.
- Remember, if you’re speaking to someone who thinks they’ve got their pulse on the market and thinks they can time it, run! Listening to them is dangerous and a surefire way to risk a lot of the money you’ve worked so hard to accumulate.