# [Series 65] 47, Active vs Passive Investment Management

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-47-active-vs-passive-investment-management
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-47-active-vs-passive-investment-management.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-05-10T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-47-active-vs-passive-investment-management
Audio file: https://episodes.captivate.fm/episode/e50fb3e4-1695-4663-8de6-a3ef6e296670.mp3
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JSON: https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-65-47-active-vs-passive-investment-management
Duration seconds: 223

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Why passive investing, through index funds, typically features significantly lower expense ratios than active management. - How the low portfolio turnover of index funds leads to greater tax efficiency by minimizing capital gains distributions. - The long-term performance data indicating that a majority of active managers fail to outperform their benchmarks after fees. - Common exam traps, such as focusing on short-term past performance of an active fund instead of the long-term impact of its higher costs. - A mnemonic to recall the core benefits of passive investing: Tracking the index, Tax-efficient, and Tiny fees. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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