I have some of Dave's pieces of advice that I agreed and disagreed with. Still, I respect him for forming this way to help people manage their finances properly.

@kvmairforce

Жыл бұрын

That sounds like every human ever...

There are so many ways to structure an investment portfolio. Personally, I'm a fan of index funds and posit that an S&P Index Fund should be your baseline. One thing to be mindful of if you go the mutual fund route is to watch for duplication. By this, I mean the fund managers tend to gravitate toward certain stocks and you may wind up with, say, 25% of your portfolio in just a handful of stocks.

I love it. This is the Dave Ramsey version of the old joke... there was this one time I thought I was wrong... but then I double checked myself and it turns out I was right. 😂

@genglandoh

Жыл бұрын

Another Joke I worked in a bank once but got fired. A customer asked me to check his balance so I pushed him over.

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

If you pick the right one, they can do good.

S&P500 index is where it's at. Most if not all mutual funds can't beat the index over a 20 yr lifespan

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

@janco333

Жыл бұрын

Until it doesnt

25% in international is too much. Should only be about 10%.

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

I’ve got Whitaker-Myers also. Just another shoutout.

"Maybe that is a question you should ask Chy-na." DJT

It works.

I love Rachel but she doesn’t seem like she could answer it Daves way. This is what I fear when Dave is gone.

@front331

Жыл бұрын

So? Dave's way is not the only way.

@MichaelAnderson-wk1no

Жыл бұрын

@@front331 No, but we're here because we LIKE Dave's way...

@brandonrickbornponyexpress6574

Жыл бұрын

Gone?

@MrJumpingmaniac

Жыл бұрын

Look up founder's syndrome. Organizations without fresh leadership don't survive. It's better for Rachel to be Rachel than to try and be Dave.

@jayjulez7543

Жыл бұрын

I think she is still learning and she gets it plus there is more people behind the scenes that know Dave and know the answers she has help. I don’t wish Ill will on Dave but she is getting the basics and I am sure even Dave has an earwig to hear stuff😂🎉

😮😮The best advice i get from Dave is that Debt is Dumb. Dave is the reason I have money to invest with the local money guy who knows my personal situation and personality.

Rachel is Definitely an Index Fund investor. She's the smart one.

@igot5onit423

Жыл бұрын

She's a trust fund baby her dad's worth literally hundreds of millions of dollars.. Index funds 🤣

@aaront936

Жыл бұрын

@@igot5onit423 Dave's a terrible investor though. his wealth comes from selling books and courses and kickbacks from his smart vestors.

"You don't put all your money in one category." That's interesting coming from the real estate man, all in one area of the USA 😂

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

@amireallythatgrumpy6508

Жыл бұрын

You mean the Real Estate AND Mutual Funds man? Oh yeah, there's THAT.

Even when you are wrong, you think you are right! That is what a marcissist does - he never sees his mistakes! HAHA!

@amireallythatgrumpy6508

Жыл бұрын

Did you see your mistake before my comment alerting you to it?

Beans and Rice, Rice and Beans. So nope.

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

I'd like to see the part where the ROI is 12% on average. Where is his proof?

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

@zachhawkins5005

Жыл бұрын

I can prove it in my 401k.

@aaront936

Жыл бұрын

@@zachhawkins5005 make sure you subtract the front load fees and aum fees first

@zachhawkins5005

Жыл бұрын

@@aaront936 I have.

Does an old dog learn new tricks?

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

✝️🙏

@Girasoles

Жыл бұрын

🙏🤍

At least Dave learned the benefits of international diversification. Now if we can only teach him how active mutual funds are by nature inferior to index funds.

@amireallythatgrumpy6508

Жыл бұрын

Dave ALWAYS knew the benefits of international, he's been teaching that for 30 years...

@dkaik

Жыл бұрын

@@amireallythatgrumpy6508 You literally just heard him describe how he didn’t understand the benefits of it until he had someone backtest the portfolio. He admitted he only suggested international not really knowing why. Please listen next time

@dkaik

Жыл бұрын

@@amireallythatgrumpy6508 If you’re listening to Dave and trying to learn investing from him, have fun losing money and missing out on millions

@amireallythatgrumpy6508

Жыл бұрын

@@dkaik I have no intention of learning how to invest at all. Why would I want money that I will never need or have a use for? That's simply asinine.

@amireallythatgrumpy6508

Жыл бұрын

@@dkaik But he has been suggesting international for 30 years, which is the only thing that actually matters...

If International Diworsification makes you sleep better at night, go for it! At the end of the day, the amount of money you invest will have far more impact than how much intl exposure you have.

No he will never change, but for the love of God baby step one is about 20yrs out of date.

@foxhound34

Жыл бұрын

@@rd24life My idea would be two weeks salary or $2000 whichever is more (The $2000 is based on 30 years of inflation since Dave wrote his first book.

@rsimmons1980

Жыл бұрын

Yeah and have your mortgage or apt the cost of your state's monthly unemployment

Dave’s advice is outdated. Its not practical to save up for 10 years to buy a 300k house in cash. Back in Dave’s days you could buy a decent house for less than 100k. Average house price is 300k+ now.

Dave knows nothing about inflation or how to prepare for it. Just something to keep in mind.

@amireallythatgrumpy6508

Жыл бұрын

It's either nothing, or it's impossible to prepare for. There is no inbetween.

@nicholasmartinez6043

Жыл бұрын

You’re thoughtful and informative comment is definitely more substantive than what Dave has been preaching for 30 years

Tesla single stock, the only way

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

@erickla7796

Жыл бұрын

Too high

@dkaik

Жыл бұрын

Easier ways to burn your money

2nd

@EmiliaCortes

Жыл бұрын

👏🥳 ... let's convers

Dave: we don't change, even if it's for the best 🤡

1st

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

all his investment strategies are outdated and dooky juice. he will tell you debt is bad.. yet debt makes you rich. Dave hasn't purchased his 1st smartphone obviously lol

@EmiliaCortes

Жыл бұрын

Let's convers ⬆️

@amireallythatgrumpy6508

Жыл бұрын

If being rich is the goal, you have a pathetic goal. Oh and by the way, debt is also how you lose EVERYTHING.

if dave leave this show its over . i like dave but he stupid sometimes