|If I am a passive investor, why should I pay a fee?|
Many people misunderstand passive to mean “do nothing.” Rather, a passive investor is one who recognizes the fallacy of trying to pick winning stocks and time the market. This does not mean that portfolios do not need to be managed. For example, market moves provide the need for portfolios to be rebalanced. Or perhaps there are tax-loss harvesting opportunities available. A good financial advisor assists clients with these complicated strategies.