Don’t Let FOMO Guide Your Investing Strategy
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 23 January 2023
⏱️ 6 minutes
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| 0:00.0 | You're listening to Ramsey Everyday Millionaires, where we talk retirement, building wealth, |
| 0:10.5 | and outrageous generosity. |
| 0:13.9 | Well Christina, we talk a lot on the show about building wealth and there's a lot of ways |
| 0:17.9 | to do it and most of them are not great. |
| 0:21.6 | And this was an interesting article from MoneyWise that I wanted to get your take on. |
| 0:25.6 | Here's the headline, investing in art is a great hedge against inflation and you don't |
| 0:29.9 | need millions to buy in. |
| 0:32.6 | Hmm. |
| 0:33.6 | Hmm. |
| 0:34.6 | Huh. |
| 0:35.6 | Head tilt. |
| 0:36.6 | So it goes on to say the current state of the economy has dealt with some heavy hits |
| 0:39.9 | for the everyday investor. |
| 0:41.5 | It goes on to talk about inflation and then it goes on to talk about these alternative |
| 0:46.1 | investments. |
| 0:47.1 | So these are assets that are not stocks. |
| 0:49.2 | They can help hedge against inflation, protect your wealth from downside risk, and potentially |
| 0:53.0 | enhance portfolio returns. |
| 0:54.6 | Ooh, sounds so fancy. |
| 0:55.6 | Yeah, that's a very fun word. |
| 0:57.9 | And there's a startup called Masterworks that is trying to kind of disrupt this industry, |
| 1:04.3 | which art is a $1.7 trillion asset class according to Deloitte, which is pretty wild. |
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