A few months ago, I took a mighty leap and publicly renounced passive investing in my blog – at least as a term for describing the same long-held evidence-based investment strategy to which I remain a loyal adherent. Since that spring post, it’s been gratifying to see momentum continuing to build in favor of evidence-based investing:
- The LinkedIn group “Passive Investment Professionals” renamed itself to “Evidence-Based Advisors” and recently topped 1,000 members.
- In the U.K. a colleague let me know that the firm where she is marketing manager (and that is also the behind-the-scenes sponsor for the excellent Sensible Investing forum) is revamping its materials to replace “passive” with “evidence-based.”
- As I’ve been asking advisors across the U.S. and Canada about their preferred terminology, the term “passive” has become almost universally passé. More often than not, they’re embracing “evidence-based investing” instead.
Carpe Diem, Evidence-Based Advisors
So there you have it. Faster than the masses have been snagging iPhone 6s at their local distributors, “evidence-based investing” has begun taking the world by storm, or at least by an appreciable drizzle.
Which brings us to an unprecedented opportunity.