Is Passive Investing Truly The Best Strategy?
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 27 May 2022
⏱️ 69 minutes
🧾️ Download transcript
Summary
We have a thorough discussion this week with Rick Ferri about passive investing and whether it makes sense for your portfolio.
We also discuss why Warren Buffett doesn't use passive investing, why it works, and if it will continue to work in the next 5 years.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
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For more information, visit the show notes at https://moneytreepodcast.com/is-passive-investing-truly-the-best-strategy
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.0 | Hello, the Smart Money Tree podcast listeners. Welcome to this week show. My name's Kirk Chisholm, |
| 0:15.9 | and I will be your host. So today we're going to be talking with Rick Ferry. How you know today, Rick? |
| 0:20.6 | I'm doing well. Thank you for inviting me back. |
| 0:23.0 | Glad to have you back for all listeners who recall this. I think it was about a year ago we had Rick and Tom |
| 0:28.0 | Saznaf on to have a debate on active versus passive investing. And I have to say it was a very popular |
| 0:33.8 | episode. So if you haven't heard it, I'd suggest to go back. We want to bring Rick back |
| 0:38.4 | today just to talk a lot more about passive investing as well as just kind of his thoughts, |
| 0:43.3 | because I think the economy and the markets have changed a lot and just wanted to get his |
| 0:47.4 | opinion. So maybe for the new listeners, tell us a little bit about your background. |
| 0:51.5 | Well, Kirk, thank you again for having me back on. My background |
| 0:54.8 | is a little bit diverse. I graduated from college in 1980 with a degree in business administration, |
| 1:00.9 | and from there I went into the Marine Corps, went into the officer program and became a second |
| 1:05.6 | lieutenant. Then I was sent down to Pensacola, Florida to go to flight school. And from there, |
| 1:10.2 | I went to advanced jet training in Texas, where I got my wings. So I was a fighter pilot for a number of |
| 1:17.6 | years landing on aircraft carriers and doing a lot of that type of work. But in 1988, I left active duty. |
| 1:26.3 | I actually stayed in the reserves and retired from the Marines. But in 1988, I left active duty. I actually stayed in the reserves. I retired from the Marines. |
| 1:30.0 | But in 1988, I left active duty and went to work on Wall Street. I started out as a Wall |
| 1:36.0 | Street broker at a company called Kidder Peabody. From there, I went to Smith Barney for five more |
| 1:42.7 | years. So I had a 10 years total in the brokerage industry. |
| 1:46.1 | While I was in the industry, I received my chartered financial analyst charter. So I studied and passed |
| 1:51.7 | the three exams to get to that designation. And then I also finished my master's of science and |
... |
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