26 – Cultivate with Active or Passive Management

Ken explores the concepts of passive and active management. What are the assets in your life that should be actively managed as to not go into disarray? Things that you should actively manage include your business, time, money, family relationships as well as a few others. Dan Sullivan once said human creativity, innovation and leadership can not be commoditized - hurrah for active management! However, active management doesn’t have a place in investment portfolios. People who try to beat the market generally don’t win over time. The market is volatile, thus portfolio diversification and passive investment is ideal. Tune in to learn more!   This is merely Ken’s personal opinion and is not to be considered investment advice or a guarantee. Please consult a certified financial adviser and be aware of the risk involved before entering the Stock Market.     Additional Links:   Don’t Be Fooled, Stock Picking is Still a Loser’s Game https://www.marketwatch.com/story/dont-be-fooled-stock-picking-is-still-a-losers-game-2018-01-17   This is how many fund managers actually beat index funds https://www.marketwatch.com/story/why-way-fewer-actively-managed-funds-beat-the-sp-than-we-thought-2017-04-24   More evidence that it’s really hard to ‘beat the market’ over time, ~92% of finance professionals can’t do it http://www.aei.org/publication/more-evidence-that-its-really-hard-to-beat-the-market-over-time-92-of-finance-professionals-cant-do-it-2/   Why Don’t Professional Investors “Beat the Market”? https://www.thesimpledollar.com/investing/blog/why-dont-professional-investors-beat-the-market/   3 Reasons Most Stock Pickers Don’t Beat the Market https://www.nerdwallet.com/blog/investing/3-reasons-stock-pickers-dont-beat-market/   Why I Don't Use Actively Managed Mutual Funds http://www.stage2planning.com/blog/why-i-dont-use-actively-managed-mutual-funds-to-manage-my-goals