I’d also argue that "passive investor" applies more to the buy and hold strategy when paired with low engagement in the account (few transactions, or scheduled transactions).

I’d consider someone that puts $50 into Coca Cola stock every paycheck a passive investor

> I’d consider someone that puts $50 into Coca Cola stock every paycheck a passive investor

They’re not. Passive vs active are terms of art in investing. They refer to the degree selection effect is at play.