Is It Smart to Keep All Your Investments With One Firm?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 7 July 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:07.7	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:12.3	Amy is in Los Angeles, California.
0:16.2	Amy, how can we help today?
0:17.2	Hi, hello.
0:18.7	Thank you for taking my call.
0:20.2	Sure. I just started listening to you guys this year, and I have learned so much.
0:24.9	Great.
0:25.0	My question is, is are we doing the right thing by having all of our money in the same brokerage
0:30.9	firm?
0:31.9	So my husband, we've got some retirement in there, and then we have some regular money.
0:37.1	I've always been
0:37.9	taught, don't put all of your eggs in one basket. That's right. What's the right thing?
0:42.4	Who told you that? You know what? Just growing up, I can tell you exactly who. No, I think it's
0:48.3	great advice, and we agree with that, especially when it comes to investing, George. Yeah, well,
0:52.3	you're talking about a brokerage firm.
0:58.2	You're not talking about what is the asset that's in these accounts.
0:59.1	What are you investing in?
1:03.2	As far as like the mutual funds and all of that, the breakdown of that.
1:07.7	Yeah, when we say you don't want all your eggs in one basket, that doesn't mean it can't be with a single firm.
1:11.5	We're just saying don't invest in a single stock. Did you mean fund or did you mean firm? It's a firm. It's a very large brokerage firm. But they've got you invested. Are you
1:17.6	diversified within them? Exactly. Yes, we are. Okay. Then you're fine. You're fine.
	...

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