Your retirement portfolio - active or passive?

[bankroll]

How do you set up your personal retirement portfolios? And the retirement portfolios of a friend or a relative?

Active (manager or self trade) or passive (would you use something like Modern Portfolio Theory or Harry Browne's Permanent Portfolio for retirement money)?

Retirement money is not gambling, right?

 

[FCXoptions]

Don't gamble retirement money! Mine is in a 401k invested aggressively...almost no bonds. If we start pulling back more I might move it to something much less risky temporarily.