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by haneefmubarak
2707 days ago
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I'm sorry, but I believe you're quite mistaken with the definitions, at least as they are conventionally used (from Bloomberg [1]): > Active investing is what used to just be called investing — buying or selling individual stocks or bonds. >... > Passive investments track indexes, which are groups of securities that are alike in some way. [1]: https://www.bloomberg.com/quicktake/active-vs-passive-invest... |
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https://www.investopedia.com/terms/p/passiveinvesting.asp
Besides, it doesn't make much sense to call someone an "active" investor who literally did nothing with it for 20 years. He wouldn't have even had to account for it on his taxes, as AMZN hasn't paid any dividends.
With the Vanguard index fund, the IRS is going to come looking for their cut every year.