Should My Investments Be More Conservative?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 18 November 2024

⏱️ 6 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 ramsysolutions.com
0:10.6	slash invest.
0:14.7	You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:22.6	Jack is in New York. Hi, Jack. Welcome to the Ramsey Show. Well, thank you very much, Dave.
0:27.0	How are you today? Better than I deserve. What's up? Well, I'm at the age now, mid-50s, to where you
0:34.2	want to get to be conservative with your investments. However, for retirement.
0:40.6	However, I don't have a retirement because of life choices that I've had to make throughout the
0:45.9	years. So now that I'm finally in a financial position to where I can start making investments,
0:53.3	I'm afraid to make liberal investments to make money to actually have a retirement
0:58.8	because I'm at that age to be conservative.
1:01.9	So I really don't know what to do.
1:04.4	And I've met growing up.
1:04.8	Well, let me help you with this.
1:05.9	You're not at the age to be conservative.
1:08.0	I don't know who told you that, but they were wrong.
1:10.2	Well, I don't have that
1:11.1	many years left of life. You have plenty of time. You're only 50. I'm not, I'm not conservatively
1:17.5	investing, and I'm 63. So I'm investing in good growth stock mutual funds that are growing like a
1:23.2	weed, and you need to be. You're broke. Well, I'm not broke, but I had no retirement whatsoever.
1:29.2	Well, I mean, how much do you have? How much money do you have?
1:33.8	I got about 20K in savings.
	...

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