Should I Move My Money While the Market Is Down?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.6 • 3.6K Ratings

🗓️ 17 April 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 Vester.
0:07.0	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:14.6	wealth, and outrageous generosity.
0:18.0	Sheree is with us in Philadelphia.
0:20.0	Hi Sheree, how are you?
0:21.0	Hi, do you both so excited?
0:24.0	I love your whole team.
0:25.0	Thank you.
0:26.0	Thank you so much.
0:27.0	How can we help?
0:29.0	I'm moving to a new job, and so is my husband.
0:32.0	He was recently laid off.
0:35.0	Our question is, what do you advise we do with our current 401k in such a volatile market?
0:41.0	Leave it as is or moving to something else.
0:45.0	Maybe something else.
0:47.0	Something, I'm very confused.
0:50.0	We, again, the 401k, I have it through principle and into move it to a broth.
0:56.0	I don't know which one would be best for us.
1:02.0	We were advised by two different people to hold off doing anything because the market is, you know, just everything is, I guess, it's not the best shape.
1:15.0	Okay, those people are stupid.
1:18.0	Yeah, let me tell you why.
1:20.0	If the market is down and you have your money in mutual funds and you sell those mutual funds and you move over to an IRA and you do a roll over on your 401k, which is what I'm going to tell you to do.
	...

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