Enterprising Investor is one who continually researching , selecting , and monitoring a dynamic mix of stocks , bonds , or mutual funds .
Defensive Investor is one who creating a permanent portfolio that runs on autopilot and requires no further effort .
When you leave it to chance , then all of a sudden you don't have any more luck . The enterprising approach is physically and intellectually taxing , while the defensive approach is emotionally demanding . If you always feel rushed , crave simplicity , and don't relish thinking about money , then passive approach is for you .
Both approaches are equally intelligent , and you can be successful with either - but only if you know yourself well enough to pick the right one , stick with it over the course of your investing lifetime , and keep your costs and emotions under control .
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