It's very common for individuals to use the mantra "passive investor" as their guide to investment management. Yes, passive investing is a great way to keeps investment costs low and take full advantage of the long-term success investment markets tend to provide.
However, most people believe they are passive investors only to learn that they are using active management action. This becomes one of the biggest reasons why investment returns are far bigger than investor returns.
In this episode, Derek talks about why being a passive investor is not just about owning passive investments. Your behavior needs to be passive as well, and when it's not, it leads to underperformance across the board.
Enjoy the show!