What are the differences between the active and passive investment? and what are the appropriate strategy to manage the 1,500,000 Egyptian pounds that the investor has, knowing that he is not risk taker and 500,000 of his money is in the bank as CDs and still untill 2023, and only 100,000 he need it cash, and the rest he needs to invest it?

Notes about the investor; he needs about 90,000 EP for his children education for the coming year as he already paid the fees for this year. he needs to buy car that may cost 300,000 but he is not in rush to buy it,and he told us that he can wait if we see that will be better. his monthly income is covering his and his family monthly spending outcome.