The word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.
Charles R. SchwabNobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.
Charles R. SchwabMany times I can see a solution to something differently and quicker than other people. I see the end zone and say 'This is where I want to go.'
Charles R. Schwab