How Do I Diversify My Investments?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 25 August 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vestor.
0:07.2	Connect with an investing pro for free at RamseySolutions.com slash invest.
0:15.2	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:22.8	Evan is in Boston.
0:24.4	Hi Evan, how are you?
0:25.4	I'm good.
0:26.4	How are you doing, sir?
0:27.4	I'm good.
0:28.4	How are you doing, sir?
0:29.5	Well, currently at my stance in life, I'd like to diversify my portfolio a bit better because
0:35.8	I feel like I probably have the ratios a bit wrong and as I tread, leaving my college degree,
0:43.0	probably would be my best interest to get the foundation started before I end up continuing
0:47.8	my career.
0:48.8	Okay, so what's your investments in?
0:51.6	Currently, I have 30,000 in stock, just in a brokerage, and then I have another
0:59.0	15,000 in a Roth IRA that I started a few years back, that's why the contribution
1:04.0	is on as high, and then I just have five grand sitting and checking the count.
1:08.5	Okay, I don't think you can't even worry about much, except your stock.
1:13.8	And obviously, single stocks are less diversified than a good growth stock mutual fund.
1:19.5	That's why I don't buy them.
1:21.3	I buy good growth stock mutual funds and that same 30,000 instead of being in 5 or 6,
	...

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