Do I Need To Diversify My Investments?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 4 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester.
0:07.2	Connect with an investing pro for free at ramsysolutions.com slash invest.
0:14.7	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building wealth, and outrageous generosity.
0:22.6	John is up next in Orlando, Florida. John, how can we help today? Yes, my question is basically
0:28.4	to determine if I just have too much cash sitting in my core account. I own my home, all my
0:35.2	vehicles, and I basically have 92% of my money sitting in cash
0:42.2	or treasury bonds. How much is that? About $4,100,000. Okay. Well done, John. Hold on. A little
0:51.9	cough. You have $4.1 million basically in cash, if I heard that right?
0:57.9	That's where they're sitting in cash accounts.
0:59.5	Correct, in a cash account.
1:01.2	And then I, well, and part of that is a million dollars in a 20-year treasury bonds that
1:07.9	have bought over the past year at an average of like 4.82.
1:12.6	Okay, so about $3 million is in a cash account.
1:15.7	Correct.
1:16.2	Yeah, you have too much.
1:17.3	The bonds are extremely liquid, you know.
1:19.8	Well, yeah, so John, how old are you?
1:21.8	61.
1:22.5	61.
1:23.0	Okay.
1:24.1	What's caused you not to invest on any level, whether that's real estate or the market, the stock market?
1:33.9	Like, what's caused you not to invest?
	...

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