It might be hard to imagine, but anyone under the age of 20 grew up in a largely cashless society. Cash is still around of course, but the youngest generation rarely uses it. Their parents paid for groceries with plastic, and many of the services in their lives are provided on an auto-billed subscription basis—everything from Netflix to Birchbox. This generation may never need to write a physical check or mail a bill. Even standing in line at the checkout counter may soon be a thing of the past if Amazon Go is any indication—more stores may adopt a completely …Read More
By Eve Kaplan, CFP®
There are pros and cons to investing in the three main investment styles: active, passive and “evidence-based investing.” The benefits of “evidence-based investing” will be clearer after reviewing “active” vs. “passive” investing styles.
1. Active Investing through Mutual Funds: “Active” investors aim to “beat the market” (or a portion of a market) by investing in a large number of holdings through mutual funds and some Exchange Traded Funds (ETFs). The theory of doing better than the market sounds great but does it work well in practice? As a former active mutual fund manager, I can say: …Read More