The Return of "Active" Management?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 3 January 2026
⏱️ 47 minutes
🧾️ Download transcript
Summary
In a bull market, index funds win and in a sideways or volatile market, stock pickers shine. We will discuss whether 2026 is the year to move from passive ETFs to active selection.
Today's Stocks & Topics: Celsius Holdings, Inc. (CELH), Market Wrap, Rule 72(t), “The Return of "Active" Management?”, First Majestic Silver Corp. (AG), Fortuna Mining Corp. (FSM), Closed-End Funds, Royce Small-Cap Trust, Inc. (RVT), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, Software Stocks, ASML Holding N.V. (ASML), Broadcom Inc. (AVGO), Suncor Energy Inc. (SU).
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is |
| 0:12.2 | InvestTalk, independent thinking, shared success. |
| 0:17.9 | InvestTalk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.4 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:34.9 | Good afternoon, fellow investors, and welcome back to Invest Talk. |
| 0:40.3 | This is our January 2nd, 2026 edition. |
| 0:45.3 | And I wish everyone a happy new year out there. |
| 0:49.3 | Crazy, very interesting year of 2025. |
| 0:52.3 | It is in the books. Overall. Good year for asset prices. But we all know |
| 0:59.2 | that each year tends to bring new surprises, new trends, and it usually is different than the |
| 1:08.3 | previous year. That's simply a fact. |
| 1:12.3 | Go back a number of years. |
| 1:14.1 | How many of those years looked very, very similar back to back? |
| 1:18.3 | None of them. |
| 1:19.5 | They're all different in their leadership, in their performance. |
| 1:23.4 | When the volatility hit in the given year, because there's always some part of the year that there's a little bit of volatility. |
| 1:31.5 | And that means that you, in some ways, you crinkle up the last year and you throw it in the trash. |
| 1:41.3 | Now you take some lessons from it, but you don't say, |
| 1:48.4 | hey, this worked or this has been working, that that's automatically going to work going forward. You have to reassess and adjust your portfolios. That's why rebalancing is typically |
| 1:54.6 | good at this time of year, especially you have some gainers. Maybe you didn't want to take them |
| 1:59.4 | in 2025. now you can, |
| 2:02.5 | those type of decisions that you make earlier in the year and set your portfolio up for success. |
... |
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