In this podcast interview (15:13), Evan Powers, a financial advisor and principal of Cypress Financial Planning, explains his view that, with 3 million stock indexes in the world vs. just 40,000 stocks, just choosing the benchmark is 70 times more active a decision than choosing a stock. He also details where passive investments are generally superior and where a case could be made for active management. And he discusses emerging markets, REITS, comprehensive planning and where he’s currently finding value in markets.
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