12. Passive vs Active investing: Which one is for you?
Description
Hold your sails! If you're at this point where you're excited to invest because you've covered most of your personal finance then stop and take a deep breathe. Do know first which path you want to take in investing because blindly going through it is not a necessary lesson and can be avoided. To know more give this episode a listen!
***Correction: I've said incorrectly at the opening of the episode that this is episode 11. It's already episode 12. Sorry sea jitters lol
Key takeaways:
-Answer this simple yes or no questions to know whether passive or active investing is for you. [01:99 ]
-Active investing is a passion and can't be for everybody. [03:25 ]
-It can be hard for seafarers to do active investing. [05:53 ]
-The existential dread of active investing [09:18 ]
-Passive investing is the way to go for most people. [12:00 ]
-What is an index fund and why its so amazing. [13:31 ]
-Why most seafarers, if not all, should be doing passive investing. [17:05 ]
-Knowing your risk profile is a personal journey. [18:47 ]
Reach out to me thru my email seoshininvestor@gmail.com
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