Should I Diversify My Retirement Investing?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 27 November 2024

⏱️ 4 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 SmartVestor.
0:07.2	Connect with an investing pro for free at ramsysolutions.com slash invest.
0:14.7	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building wealth, and outrageous generosity.
0:22.6	Peter is with us in Austin, Texas. Hi, Peter. How are you? I'm great, Dave. Thanks for taking
0:27.2	the call. Sure. What's up? I had a quick question. I have 90% of my wealth. I just turned 62. 90%
0:32.9	of my wealth in my Roth IRA. And I've kind of gone down a path where I've been doing it all in private lending,
0:40.0	doing private notes, but 150 average.
0:43.3	I'm only doing first, and I'm at 55% or less than loan to value.
0:48.1	And I'm getting 12.5% right now, and I like that.
0:50.7	But I'm wondering what risks may be associated with that,
0:53.4	and if I should diversify that as I keep the money there.
0:58.5	You spit that out in such a way that it makes me believe you do actually know what you're
1:03.0	doing.
1:03.4	Most people don't in that world, but I think you probably do.
1:07.4	So that doesn't bother me.
1:09.0	So what is the risk on 55% L2V mortgages that you're holding only if a bunch of real estate collapsed and you became the owner of it, right?
1:18.8	Yes.
1:19.4	That would be your only risk.
1:20.9	That's not a real high risk, I think.
1:23.5	What's the average loan size?
1:26.3	I'm doing anywhere, average to be 185 right now.
1:30.3	Okay, all right.
	...

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