Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really love to know how to go about this.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Aileen Gertrude Tippy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Not only that but what about the money you do spend. That just goes to other people who will invest in things you may not agree with. Even if she invests in an "ethical" company the profit they end up making, which will be orders of magnitude more than her investment, will likely get thrown back into the marked and invested in companies she doesn't like. The only way to keep money from ever getting to people you don't like is to keep it all in cash and bury it in a cave.
@@DeepDeepSpace People do lose their lives savings by leaving their money in the bank. Inflation kills your cash, sitting in a bank account doing nothing. In 1913, $1 bill has the purchasing power today of $29.04. The dollar has lost 2,804.1% of its value. Why? Because the Federal Reserve has been counterfeiting dollars.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@AlexHunte98 However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Dave...Such a GOOD point about banks potentially also being engaged in activities that aren't godly. I totally get what this woman is saying and her conscience for desiring to do good; however, we have very little control. I am 100% plant-based and have invested in companies I thought were aligning with my beliefs only to have them sold to another company whose values conflicted with my own. This happens more than we'd like to believe.
Same thing I was thinking. The S&P shows returns of about 7.4 percent over decades. If she puts the 400k in there than she should make an extra 30k per year on average. In 11 years she would make 600k profit and it would be over 1 million. Not sure about the taxes on it all though lol.
The sp500 index goes down 12% she would lose her mind she’d be down money on her pnl and wouldn’t be able to stop herself from selling and jumping off the rollercoaster Unfortunately she lacking financial education and is trying to invest based on emotion and morality
Index fund and relax. Every company has one employee breaking the law, doing drugs, who says they’re Christian but they’re not, and who is abusive at home. You can’t control everything. Worry about yourself and continue in your faith.
If she wants to beat inflation passively she needs to realize she's going to invest in some unethical company. If she only wishes to invest in pure businesses then she's basically going to have to seek out a business looking for a partner and become a silent partner or active. That's not really an easy task. But I do laugh at people who lambaste evil companies without realizing they are almost certainly investing in those companies in their 401(k) without realizing.
You can still disagree with a company ethically and invest in it. Unless you bought into the IPO you’re not supporting the company at all financially. I’m very pro labor/pro union for example, but unfortunately almost all of the companies I’m invested in are not.
Having that much money in a bank account being eaten by inflation is much more scary than investing. Having money in the bank is a guaranteed loss. A huge loss. Especially when we're talking about 400k. Investments typically go up in the long run and inflation is GUARANTEED to cause a huge loss if you have the money in the bank.
Yes -! I have parents that are off work and disabled so I have to keep at least 100K in the bank in case of emergency 🚨 and the pain I feel for not investing and having their burden on me eats me up :( definitely invest
@@quarantinekitchen6909 keeping money like that in the bank when it’s necessary isn’t a loss, you’d be losing more having to sell and pay capital gains every time there’s an emergency
You would have also thought inflation was guaranteed to kill savings in 1929 and then seen the value of your cash go UP for almost a decade. Things are always different until they aren't.
@@DeepDeepSpace i agree... that is why dave gives the suggestion to go into real estate. I mean for sure with 400k u can buy a house and rent it out. I mean for sure where I live you can buy to REALLY GOOD HOUSES.
Stock investing, even funds, scare alot of people. You have to be willing to ride the up and down waves, and if you can't, then its likely not for you.
very true, about 50% of my portfolio profit was from TSLA, GME and NIO, my financial-advisor was able to get me in early on most of these stocks .I've been able to scale from $350K to $970K
Doesn't matter what investments do in a month, it's what they will do in 10+ years that matters. If you buy index or mutual funds you will get 10% on average per year but there could be months where it drops. Doesnt matter it's all about the average and not having your cash lose value.
Indeed. Unfortunately, Dave insists everyone invest in exactly the same manner and completely ignores the concept of asset allocation. Because money is all about behavior, except where Dave chooses to ignore it.
I disagree in a way though I see what you mean. problem is this is the equivalent of her saying "my friends had a horrible outcome from an ER experience, and I know nothing about why or what was going on, so therefore I'm never going to a doctor again". its an irrational decision that's gonna cause more harm than good. So, her problem is the overt fear with no logical reason to have it. now she may need to find another means of her money growing but just letting it sit? bad plan
@@random-nz7dy Well, I certainly agree not investing is a bad plan. Ideally this lady would learn about risk tolerance and asset allocation, but Dave does not teach that. Which is unfortunate, because she's calling in looking to be educated and the information she needs is being withheld by someone who absolutely knows better.
QQQ - NASDAQ Index Fund - up 1000% or so since 2009, after a 35% pullback. Before the pullback, it was up almost 1500%... odds are good that if she had been investing, with her income and savings rate, she'd have about $5m by now.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Pelham04 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
She's losing the real value of her money to inflation by leaving it in the bank. She can 'practice' to manage her fear in investing by starting small - no one is expecting her to put all the $400k in stocks in one go.
@@dianabenavides2913 well, real estate isn't exactly a less risky investment - as she said in this video, she did buy properties but didn't work out well for her.
I inherited a large sum of money more than him years ago. It is scary at first, especially if you don't come from money. However, you have to face your fears eventually and take a leap and put the money somewhere. Even a diversified portfolio isn't that bad such as index funds.
Most people who don't have a clue say they lost money when they never sold a dime. They're only down at the moment. Throw it in VTI and call it a day. No need to pay for someone to manage it
I would recommend opening up a brokerage account and start out with a small investment like 500 in an S&P 500 EFT. From there you can add positions and build a portfolio little by little. Can't go wrong with a few hundred shares of Apple and MSFT, maybe mix in a good REIT like O and maybe a few consumer staple stocks + sector ETF's.
100 shares of apple would cost over 16k right now. Her entire nest egg would buy under 2500 shares. Plus a div yield of .51%. You ain't beating inflation with apple dividends.
I disagree with you; being the daughter of someone important does not make her any less...read the millionere next door and you will find out that its easier for a son/daughter of a millionere to become one than the rest of the population. I bet she has worked to do what she does... obviously yes her dad plays a big role but what is wrong with that; i believe she deserve our respect as she has written books herself... I enjoy her podcast as well.
Well, if you think about it. If inflation stays at 8.5% for the next 10 years. That $400k today will only be worth $60k in buying power if she doesn't invest it.
Money sitting in the bank is losing (so the govt says) 8.5% of its value every year < say the true inflation level is 2X 8.5% or more. You must invest. You are correct, many things are out of our control.
The 1% rule. You should be able to rent out a home for 1% of what the home is worth/mo. I have a home generating more than 1% of its value monthly. It is harder to apply the 1% rule the higher the value of the home. At 3k/month Dave was being conservative. He's also a guy that has 100's of millions of dollars in real estate
I wonder if you have to decide if you want awesome return for your money or do you want to do great charitable things with it? Maybe groups that are doing great ministry aren't also making a big profit off it.
She should invest in cash-flowing assets, use the income to reinvest in those assets. She wants to find something ethical, that’s great. No rush, take time to investigate things she understands and agrees with.
Are you doing research or are you looking for reasons not to move forward ….. bc I know slot of people that do that . They cant admit that they are afraid … so they convince them selves they are just responsible researchers..
The lady actually never said anything in the beginning about investing in good companies. The host lady just assumed that and she went along with it. Listen to it
I really think people who are afraid to invest think the only way to invest is to invest like a huge portion of their money. Like she said mcdonalds or Pepsi... you don't need to invest tons to make money.
Wouldn't the safest option to be just put some of it in a CD yielding 5 percent, that's available right now.
I needed this. I have $40 and feel the same way.
If you only have $40 then definitely don't invest it.
Ballen
@@michael-b7l9h 😆😆
dang nate pecocking you tell em' kid. I'm the captain now!!!
@@superblump87 Got to start somewhere.
She needs a therapist more than a financial advisor.
My exact thoughts.
That’s a bit harsh
@@jeanlaubenthal698 There is nothing harsh about getting therapy…. This woman appears to need it.
@@jeanlaubenthal698 do you have something against therapy or mental wellness?
@@jeanlaubenthal698 calm down. LOL...
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really love to know how to go about this.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Aileen Gertrude Tippy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I like how Dave flipped that at the end. About the money she has at the banks being used for them to invest it in things she wouldn’t agree with
She doesn’t realize the banks use her money while they hold it. She sees a number on a statement and thinks the money is actually there
Not only that but what about the money you do spend. That just goes to other people who will invest in things you may not agree with. Even if she invests in an "ethical" company the profit they end up making, which will be orders of magnitude more than her investment, will likely get thrown back into the marked and invested in companies she doesn't like. The only way to keep money from ever getting to people you don't like is to keep it all in cash and bury it in a cave.
@@dash4800 and even that, if people are religious, Christianity says to sit on idle wealth is also immoral.
Personally I prefer an investment that has stayed with the best likely return, and stays away from the DEI companies!
i'd be more afraid of losing it all to inflation. gotta invest it!
Guaranteed loss or potential gain. I’d take the latter.
Exactly. This lady is losing a tremendous amount of money due to inflation.
@@danpass12 That, is the hard part, finding a coin that will do that. But there will be a coin somewhere that does that.
People lose their life savings by investing. No one loses their life savings with their money in a bank.
@@DeepDeepSpace People do lose their lives savings by leaving their money in the bank. Inflation kills your cash, sitting in a bank account doing nothing. In 1913, $1 bill has the purchasing power today of $29.04. The dollar has lost 2,804.1% of its value. Why? Because the Federal Reserve has been counterfeiting dollars.
“Scared money is dead money.”
Scared money hids to fight tomorrow while others courageous money went down 50%
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@AlexHunte98 However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@LilyClark-g3q Oh I would love that. thank you.
@@AlexHunte98 SUZANNE GLADYS XANDER.
Lookup with her name on the webpage.
Dave...Such a GOOD point about banks potentially also being engaged in activities that aren't godly. I totally get what this woman is saying and her conscience for desiring to do good; however, we have very little control. I am 100% plant-based and have invested in companies I thought were aligning with my beliefs only to have them sold to another company whose values conflicted with my own. This happens more than we'd like to believe.
Just get an S&P 500 index lady
YES
Same thing I was thinking. The S&P shows returns of about 7.4 percent over decades. If she puts the 400k in there than she should make an extra 30k per year on average. In 11 years she would make 600k profit and it would be over 1 million. Not sure about the taxes on it all though lol.
The sp500 index goes down 12% she would lose her mind she’d be down money on her pnl and wouldn’t be able to stop herself from selling and jumping off the rollercoaster
Unfortunately she lacking financial education and is trying to invest based on emotion and morality
I am eager to invest. Problem is I have nothing to invest. Best wishes to the caller.
Index fund and relax. Every company has one employee breaking the law, doing drugs, who says they’re Christian but they’re not, and who is abusive at home. You can’t control everything. Worry about yourself and continue in your faith.
She's not landlord material.
As a worrier, I'm not either.
Very good point at the end of the call regarding the banks.
If she wants to beat inflation passively she needs to realize she's going to invest in some unethical company. If she only wishes to invest in pure businesses then she's basically going to have to seek out a business looking for a partner and become a silent partner or active. That's not really an easy task. But I do laugh at people who lambaste evil companies without realizing they are almost certainly investing in those companies in their 401(k) without realizing.
You can still disagree with a company ethically and invest in it. Unless you bought into the IPO you’re not supporting the company at all financially. I’m very pro labor/pro union for example, but unfortunately almost all of the companies I’m invested in are not.
Having that much money in a bank account being eaten by inflation is much more scary than investing. Having money in the bank is a guaranteed loss. A huge loss. Especially when we're talking about 400k. Investments typically go up in the long run and inflation is GUARANTEED to cause a huge loss if you have the money in the bank.
Yes -! I have parents that are off work and disabled so I have to keep at least 100K in the bank in case of emergency 🚨 and the pain I feel for not investing and having their burden on me eats me up :( definitely invest
@@quarantinekitchen6909 keeping money like that in the bank when it’s necessary isn’t a loss, you’d be losing more having to sell and pay capital gains every time there’s an emergency
I disagree. Investing is scarier. People have lost their life savings investing. No one loses their life savings keeping their money in a bank.
You would have also thought inflation was guaranteed to kill savings in 1929 and then seen the value of your cash go UP for almost a decade. Things are always different until they aren't.
@@DeepDeepSpace i agree... that is why dave gives the suggestion to go into real estate. I mean for sure with 400k u can buy a house and rent it out. I mean for sure where I live you can buy to REALLY GOOD HOUSES.
I cannot imagine having this person as an advisory client.
Whoooo boy, this woman is coo coo for cocoa puffs.
Stock investing, even funds, scare alot of people. You have to be willing to ride the up and down waves, and if you can't, then its likely not for you.
my biggest problem is what happens after a 10 yr ride and you go to retire and a day like today happens? 4/29/2022 then what.
@@Dooguy even worse 5/5/22
You don't lose nothing or gain nothing till you sell.... Depend on what stock/fund anyone is in, it can come back just like that
My portfolio has good companies, however it has been stalling this year. I have approximately $700k stagnant in my reserve that needs growth.
very true, about 50% of my portfolio profit was from TSLA, GME and NIO, my financial-advisor was able to get me in early on most of these stocks .I've been able to scale from $350K to $970K
Please can you leave the info of your investment advisor here?
The advisor I work with is "[]Diana Claire Lougen[]", she;s well known, so you could just search her.
You should be afraid of inflation not investing.
yeah sit in a corner and start shivering of "fear", how useful........
Doesn't matter what investments do in a month, it's what they will do in 10+ years that matters. If you buy index or mutual funds you will get 10% on average per year but there could be months where it drops. Doesnt matter it's all about the average and not having your cash lose value.
If she does not have the stomach for it, she should not invest. The most important factor in personal finance is personality.
Indeed. Unfortunately, Dave insists everyone invest in exactly the same manner and completely ignores the concept of asset allocation. Because money is all about behavior, except where Dave chooses to ignore it.
I disagree in a way though I see what you mean. problem is this is the equivalent of her saying "my friends had a horrible outcome from an ER experience, and I know nothing about why or what was going on, so therefore I'm never going to a doctor again".
its an irrational decision that's gonna cause more harm than good.
So, her problem is the overt fear with no logical reason to have it.
now she may need to find another means of her money growing but just letting it sit? bad plan
@@random-nz7dy Well, I certainly agree not investing is a bad plan. Ideally this lady would learn about risk tolerance and asset allocation, but Dave does not teach that. Which is unfortunate, because she's calling in looking to be educated and the information she needs is being withheld by someone who absolutely knows better.
I have 54k and 52k of it is invested. I'm addicted to investing. I want to invest the other 2k but I need it just incase for an emergency
Who rents out a $400,000 home for 4,000 a month? Where can I find someone to pay that much in rent?
This lady called and just wanted to complain
Most of Dave Ramsey callers are like that!
She could buy VOO, SCHD, or VNQ which is the REIT ETF
*That's exactly why she has 400k but this fear is why she's not a millionaire put that into a good fund* 😁
Exactly
@@evelynr.7596 fingers crossed she starts making those funds work for her
She's a widow. That's a life insurance policy
Imagine if she had put that in tsla stock in 2020
QQQ - NASDAQ Index Fund - up 1000% or so since 2009, after a 35% pullback. Before the pullback, it was up almost 1500%... odds are good that if she had been investing, with her income and savings rate, she'd have about $5m by now.
This lady should just buy 10 year bonds and get nothing and be happy with it.
Yeah this lady is a little dramatic for the call.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Pelham04 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Susan00197 Oh please I’d love that. Thanks!
@@Pelham04 Clementina Abate Russo is her name
Lookup with her name on the webpage.
I’m done at 4:26
😂😂
Decide how much you wanna invest put half of it and S&P 500 index and half of it in a technology index like QQQ
The Timothy Fund return since inception is 2.80%. Whooptie Doo!!
Yeah, uhh.... QQQ. Index funds are great.
Investing isn't for everyone. If she invests and she sees her money for down she's gonna panic sell and blame Dave
She's losing the real value of her money to inflation by leaving it in the bank. She can 'practice' to manage her fear in investing by starting small - no one is expecting her to put all the $400k in stocks in one go.
@@uberboiz That's what you would want her to do!!!
@@uberboizthat is why dave recommended her to go into real estate
@@dianabenavides2913 well, real estate isn't exactly a less risky investment - as she said in this video, she did buy properties but didn't work out well for her.
Hi Dave, any advice at the international level ? I am from France. Thanks.
If she puts all the money in the bank she will never be rich BUT she will never be broke.
McDonalds and Pepsi are great stocks,. Look at their charts and dividend history.
They kill people!
@@minoozolala Super size me!
Where do you find mutual funds to invest in.
Inflation is actually making people more wealthy assets are increasing but your buying power is worth less so holding cash is a double edge sword
I inherited a large sum of money more than him years ago. It is scary at first, especially if you don't come from money. However, you have to face your fears eventually and take a leap and put the money somewhere. Even a diversified portfolio isn't that bad such as index funds.
Most people who don't have a clue say they lost money when they never sold a dime. They're only down at the moment. Throw it in VTI and call it a day. No need to pay for someone to manage it
Just put half into exxon mobil or something has dividend every quarter and put the other half in amazon or tesla
Quickest way to be poor.
@@alinatamashevich3354 thats an idiotic comment
Your 400k is worth 8.5% less due to inflation. You are losing money by not investing it.
Am I the only one not afraid to play around with money?? Lol. If I had 400k dollars 399k would be invested already lol
Maybe that's why you don't have 400k? Hahaha just kidding...
Same but that’s cause I’m “single”and no kids hahaha. Huge risk taker right now hahaha
@@TheFlyingZulu exactly, investing is why I have 930k
@Evelyn R. Please go to your nearest trauma center to treat that burn
Yeah but you're the only one
Afraid to invest it in a high yield CD?
What about this? No.. What about that? No Try this..No Think on this Not for me. But I want my money to grow. LOL
Knights of Columbus have an ETF (KOCG) that invests according to Catholic principles. That’s generally compatible with other Christian denominations.
I would recommend opening up a brokerage account and start out with a small investment like 500 in an S&P 500 EFT. From there you can add positions and build a portfolio little by little. Can't go wrong with a few hundred shares of Apple and MSFT, maybe mix in a good REIT like O and maybe a few consumer staple stocks + sector ETF's.
@@tr3slech3s there’s a calculator for that
100 shares of apple would cost over 16k right now. Her entire nest egg would buy under 2500 shares.
Plus a div yield of .51%. You ain't beating inflation with apple dividends.
@@ryansauchuk7290 not with the dividends but the price appreciation with the dividends will outperform. Apple always does
@@SleepCycle1 kindly explain further!
@@innocentmadanhire2391 explain what
You only lose if you sell at a loss
The bank won’t even insure that amount
Invest in my fashion projects 7 brands, which I will double it 10 times I just need 1 year and half 😊
VTI and chill
VOO is better
Sometimes you got to bite the bullet if you want to make money
Love this show‼️Will always be family to Ramsey solutions they have helped me changed my family tree thank God For The Ramseys
S and P 500 Index Fund is a no brainer.
I want to invest in unicorn tears.....any suggestions?
Dave's daughter has no business giving financial advise. She's just there because she's Dave's daughter.
Exactly plus Daddy Dave can always bail her out. The caller doesn’t have that luxury.
I disagree with you; being the daughter of someone important does not make her any less...read the millionere next door and you will find out that its easier for a son/daughter of a millionere to become one than the rest of the population. I bet she has worked to do what she does... obviously yes her dad plays a big role but what is wrong with that; i believe she deserve our respect as she has written books herself... I enjoy her podcast as well.
Truly remarkable how financially illiterate most Americans are. Open a Fidelity account. Buy $SPY every month. You will be rich. It’s that simple.
Well, if you think about it. If inflation stays at 8.5% for the next 10 years. That $400k today will only be worth $60k in buying power if she doesn't invest it.
Money sitting in the bank is losing (so the govt says) 8.5% of its value every year < say the true inflation level is 2X 8.5% or more. You must invest. You are correct, many things are out of our control.
fyi - TSGAX return from 2000 is 0.2%...overall, so not good.
Love you sir very much
There is always a mutual fund that is health care related.
Where is a $400,000 property generating $3000 to $4000 a month?
Yeah, bit high. 6-8% gross is good enough.
Im curious too
The 1% rule. You should be able to rent out a home for 1% of what the home is worth/mo. I have a home generating more than 1% of its value monthly. It is harder to apply the 1% rule the higher the value of the home. At 3k/month Dave was being conservative. He's also a guy that has 100's of millions of dollars in real estate
Danaher Corp
Pray about it and let God lead your decision
I wonder if you have to decide if you want awesome return for your money or do you want to do great charitable things with it? Maybe groups that are doing great ministry aren't also making a big profit off it.
This call gets weirder as it goes
This woman needs help. Yikes.
She's loopy loo beyond help
Inflation is 20 percent a year. You have to get rid of cash and get into an asset classes that make sense right now!
No it's not 20% ya ditz
@@triple_gem_shining it's 18% based on the 70's calc lower on the recent one
The ignorance of people in regards to economics and inflation is absolutely laughable! You don't lose money unless you sell!
What are YOUR fund picks, Mr. Ramsey?
Move to Thailand she will live like a queen
She seems completely clueless. No idea at all.
Her perception of investing is taking massive risk on 1 stock. So sad.
a little research goes a long way. If only she did any.
Just spend it
She should invest in cash-flowing assets, use the income to reinvest in those assets. She wants to find something ethical, that’s great. No rush, take time to investigate things she understands and agrees with.
Are you doing research or are you looking for reasons not to move forward ….. bc I know slot of people that do that . They cant admit that they are afraid … so they convince them selves they are just responsible researchers..
Woman, it's Dave's show, you should have said Dave and Rachel. Disrespecting a man on his own show.
Warren Buffett
This lady has an excuse for everything. Just keep your money in the bank and enjoy zero return lady jeez
Nothing wrong with staying in cash. Cash doesn't crash.
Uhhh where have you been this past year? Your cash is worth almost 20% less than January 2021.
So are stocks. Lots of indices including bonds down 10% 20%
At least stocks come back up…
VTI
This woman has no business investing if she's this neurotic, or only wants "good" companies.
The lady actually never said anything in the beginning about investing in good companies. The host lady just assumed that and she went along with it. Listen to it
400k*.02=8k.... by not investing that's how much you're loosing due to inflation
Invest in TIPS
I prefer solo Dave Ramsey. I have zero interest in listening to your guests.
Poor women losing 32k a year having that sitting in the bank
Yep, they should at least tell her to put in on High yeld savings account
She’s bragging. That’s all
she came off as a fool tho
You hire a realtor and have them collect the rent and deal with repairs!
her fear paralysis is almost as bad as people who are reckless
All it takes is a tvm and compound interest class, she would invest it sooner! lol
Just leave it all to me. Shoutout to iCarly
I really think people who are afraid to invest think the only way to invest is to invest like a huge portion of their money. Like she said mcdonalds or Pepsi... you don't need to invest tons to make money.
She was looking for some motivation and insight on how to start, Rachel was making some good points but as usual, Dave cuts the co-hosts off.
The money she has lost being frozen with fear and some moral high ground, oh brother.
This is ridiculous 😒
Buy low brah