Paragon Wealth Management, a registered investment adviser firm, has created a video on the front page of its website to discuss why active wealth management is more effective than passive.
"There has always been a debate of whether buy and hold is better," says Dave Young, president of Paragon Wealth Management. "My argument for the buy and holders is, ‘how long should you hold?’"
Young has done research to determine the most effective wealth management strategies. He has tried and tested these strategies since 1985.
"There is nothing intrinsic about active management that says it is better," says Young. "It is only effective if you have disciplined investment strategies that you follow over time."
Paragon Wealth Management posts its performance numbers on its website monthly. The growth portfolio, Top Flight, has generated a total return of 351.10 per cent compared to 39.22 per cent for the S&P 500 since its inception on 1 January 1998 through 31 May 2010.
