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Middle East sending stocks sinking and sending many investors to the exits -- -- -- report from fidelity finds -- over the last decade those who did not.
Panic and -- -- financial plans -- other 41 K plans.
More than triple on average by the end of last year.
That is exactly what Dave Ramsey he's been saying all along he joins us from his radio show in Nashville AKA -- Hey guys thanks for the credit -- Talk about that back when everybody was going crazy we said don't jump off the rollercoaster that's the only what you get hurt.
But let you know there are times -- You see -- that doubt bought it last what was it last April may we saw a decline that lasts about three months I mean it's.
You gotta have the nerves of steel to hang in for that long.
Not not really you just gotta have your eye on something other than the month of the day or the crisis flavor of the week.
You've got to be looking out -- 1015 to forty years and saying you know what I still believe that the American economy the best and brightest out there are gonna make me some money.
And they have year in and year out if you.
While those who stuck with the 41 K plan over the past ten years I believe would have seen probably on average.
Their investments triple Dave I mean that's a good enough selling point but isn't this an essence going back to dollar cost averaging.
Picking -- -- -- no matter what the market's doing just shoveling it into a 401K.
It's exactly what it is.
And and as you know listen and most of your viewers of some of my blisters will now.
Dollar cost averaging means when the market goes down on buying more shares -- -- and Kmart the blue lights on.
And so way you know things are going well that -- we kind of enjoy that when the market goes down -- were buying in buying and buying hoping that later as it goes up we're gonna own more.
And come out that way the trick here is I think goes back to what David said earlier and that is.
That this -- of -- thing but word -- nerves of steel come from they come from my belief.
In what is going to happen long term.
And the problem today -- all of our information is so instantaneous.
That -- -- something new to worry about every day and that can really blow your nerves just.
A lot of water and cause you to get out of the -- nicely the wrong time all right now you may -- -- keep your money but you can change your allocations.
During the time that your money's in their right how -- How are you dealing with allegations right now.
You know -- I'm very boring I continue to be very boring -- Personal 401K.
Has been allocated the same for almost here forty years.
A fourth in growth a fourth and growth and -- -- A fourth in aggressive growth and a fourth in international.
All in mutual funds all in long track record boring.
Mutual funds up.
I'm the tortoise it's not there's nothing to talk about I just get in there and keep doing.
Like -- game you know it's just a really Smart talk -- it's it's exactly what people should be doing Jack Bogle says that a vanguard very important to do thanks so much.
Dave Ramsey goodness --
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