Mutual Funds vs. Index Funds

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 5 October 2022

⏱️ 7 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, & Kristina Ellis. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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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.
0:13.8	Vanessa is with us in Richmond, Virginia.
0:16.8	Hi Vanessa, welcome to the Ramsey shop.
0:18.6	Hi Dave, I'm such a fan, they ask me to talk quick.
0:22.2	So I just want to say hi and thank you for taking my call.
0:25.6	Thank you.
0:26.6	How can we help?
0:27.6	Yes, I have a question about Roth IRA.
0:30.8	Currently I have a Roth IRA that's in a very high fee.
0:36.2	My husband left me, I think about eight years and I want to be, move it to an index fund
0:46.2	that is low cause, low maintenance, and that's what I want to do and I want to ask you,
0:53.2	when should I do that?
0:55.0	Now that the market is low or do I wait a couple of years?
0:59.3	It doesn't matter, you know it whenever.
1:01.8	Doesn't.
1:02.8	I want you to be sure what you're doing, you need to sit down maybe with one of our
1:07.3	smart investor pros and have them discuss this with you and teach you about it because
1:12.4	you've been reading something about fee mutual funds are evil and no load mutual funds
1:18.0	means no fees and that's not true, no load mutual funds have fees to, including index
1:23.4	funds.
1:24.4	No maintenance fees and the annual maintenance fees are higher on those typically than they
	...

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