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“Dave Ramsey Show” host Dave Ramsey on what the debt ceiling means for you and your investments.
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-- -- deadline may be giving Wall Street traders some ulcers but for the rest of us.
Dave Ramsey has this advice just chill out the host of the Dave Ramsey show joins us live now from his studios in Nashville.
Tennessee -- Dave.
Hey guys great news listen I found out I got some inside information the crisis has been averted.
The NFL is going to play -- like thank.
Now right but -- you know you have to wonder whether you should -- keeps some of your powder dry during this crisis mean there is.
There is the outside chance of markets may freak out if they don't reach a deal -- -- there.
Well I think the markets are going to freak out just a matter what freak out looks like and is that a permanent condition.
Usually when the markets freak out it's not a permanent condition it's actually -- buying opportunity because when we look up 567 years later and we're glad were in them.
I mean we talked about this during the met debacle back in 2008 and 2009 when the market -- I kept telling people when you did too.
Keep buying all the way down and aren't we glad we did.
Well that's true and what would today we just had cancer on the Fred -- they've run a bunch of funds and He said bye bye bye this is a good opportunity putting out a side.
It is still very disconcerting and worrisome and some investors may be some.
Maybe less sophisticated I don't know or maybe some smart ones are so called pressing the button according to one of our first guests on the program.
Saying you know what I'm going to all cash write down my for one K some stick.
I think it's a huge mistake and I think you're gonna look up and see that.
When you teach people to try to quote time the market whether it's a geopolitical crisis.
A war.
Any terrorist attack a a debt crisis in Washington and you try to time the market and jump in and jump out there's tons and tons of researches say.
That those of us that have a 401K the try to jump in and jump out we missed the best days of the market.
You're much better off to ride the roller coaster not jump off that's the only way you don't get hurt -- on that ride.
Heart I like your thinking David thank you very much good to see it day they are.
