Active vs Passive Funds: Which Strategy Suits Me?

Active or passive is one of the oldest investing arguments, and most takes ignore your actual situation. Give it your amount, risk tolerance, horizon and asset class, and it compares the two with the fee drag spelled out, the conditions where active has earned its keep, the tax differences, and a clear read on which suits someone in your position.

Compare active and passive fund strategies for an investor with my profile: I have {INVESTABLE_AMOUNT} to allocate, a {RISK_TOLERANCE} risk tolerance, and a {TIME_HORIZON} horizon. I'm interested in the {ASSET_CLASS} asset class. Cover: historical performance data and the impact of fees on long-run returns, the market conditions where active management has historically added value, tax efficiency differences, and the cognitive biases that lead investors to over-allocate to active funds. Then give me a clear recommendation for my specific situation with reasoning. Use concrete numbers where possible rather than generalities.