Should I Blame My Investing Pros for My Losses?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 26 August 2024

⏱️ 8 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. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Joni is with us in Portland, Maine.
0:25.0	Hi, Joanie, how are you?
0:27.0	Good, thank you.
0:28.0	I'm glad to speak to you guys.
0:30.0	You too.
0:31.0	I love listening to your advice.
0:32.0	Thank you. How can we help today?
0:33.7	I've inherited two trusts from my family. I'm calling a... One I used, one was large and it... I used a lot of money for my life.
0:47.2	But the second one is smaller
0:50.0	and I called to ask about that
0:51.8	because it's really cut and dry.
0:54.8	And I extrapolate out that the investment losses
1:01.2	and the taxes that have been fees that have been taken out and it's scary.
1:06.5	So the smaller trust that I got six years ago,
1:10.0	$26,428.
1:13.6	Over the six years, it's lost 12% due to,
1:18.3	oh, fees, trustee fees, taxes, inheritance stuff, CPA, that kind of stuff.
1:29.7	So that's reasonable, if you will. But what when they gave me a rundown last fall I
1:38.8	noticed that if you took 12% from 2006 it didn't come out 135 which is what they said the value
1:49.9	was then.
	...

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