Passive Investing
Passive Investing
Passive investing 😴 is when you play the long game and take a passive approach vs active trading. Index investing is one of the most common types of passive investing.
This is a less expensive way to invest and usually gives you better financial results 😌.
The goal here is to slowly build up wealth, not make big bucks quickly. Most passive investment managers will tell you to diversify well to get the best out of passive investing. The fees are lower, you may save on taxes and it's a lot simpler.
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