In this week’s episode of The Fiscal Fitness podcast, Kelsa avoids breaking Michael’s computer and interviews financial advisor extraordinaire, Shanna Tingom, from Heritage Financial Strategies.
Most people take a hands-off approach to investing, especially if they hire a financial advisor. There are different strategies that people have for their investments, namely passive or active investing. Passive investing is typically a “set it and forget” style, something like an S & P 500, NASDA, basically index investing. With active investing, conversely, you have a fund manager that is actively managing that investment towards an objective. The fund managers have certain knowledge and experience and make a certain percentage.
In this week’s podcast, learn more about the differences, benefits, and the pros and cons of both active and passive investing:
- Which approach will cost you more?
- Which will make you more money in the long run?
- What strategy is best for your personality?
Links from today’s show:
- To learn more about Shanna, check out her Facebook page here and her website here.