❗ Dave Ramsey's mutual funds exposed. | FinTips🤑
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- เผยแพร่เมื่อ 5 มิ.ย. 2024
- Today we're taking a super detailed look at the 4 mutual fund types the Dave Ramsey suggests and building investment portfolios out of the best performing funds. We'll dig through the aggressive growth funds and their performance, as well as the growth, growth& income as well as the international funds to see if this is a worthwhile investment mix.
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I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.
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how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Angela Lynn Schilling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
All of Dave’s teachings are to keep things simple for people that never learned to handle money. It’s one size fits all, which is good because if it’s too complicated people won’t save for retirement at all. What Dave really wants is for people to just invest in something besides depreciating garbage they can’t afford to begin with.
But if a caller starts recommending index funds and ETFs you can see how quickly he will shut them down. He likes the revenue from class A going to himself.
@@travis1240 yes his smart vest pros give me a commission for the people he brings them (the 12% he claims would be realistic if there were NO FEES taken out before the investing starts).
He should suggest any type of mutual funds like sp500 and stuff
Very true!
Absolutely agree 100%
In my opinion getting out of debt is the important thing , my wife and I paid off $122,000 of debt. Now we can invest any way we want and we do take Dave’s advice in investing but if I want to something differently in addition to Dave’s investing I CAN b/c we are DEBT FREEEEEEEEEEEE!!!!!!
You're 100% correct. Debt free is the way to go. We paid off our mortgage in 2000 (shaved 5 years
off by adding a little extra to the
principal). We pay credit card bills
in full each month, and we buy used cars cash only.
focusing solely debt means that you start saving late, and the late saver never catches the early saver. Why would you dump money into something that is only a 4% IR when you could utilize the market and get an easy 7-8% return?
@@sholtan2288 according gunderlach we will see a recession from this 300 percent high and may be 10 to 15 years before we ever reach where we are at today. So why would Dave ramsey have you eat ric and beans and live your youth poor working 3 jobs so you can save and put your money in the stock market at the top of the bull run, Because dave ramsey doesnt pay attention to stocks or where market is he just picks top mutual funds then presto 12 percent return per year for rest of your life.
Dave says its not rocket science
CB FIT Runner that would be unprecedented in the entire history of the market. People have said that every year during the run up of the market since the last crash. If you would’ve kept your money on the sidelines you would’ve missed incredible returns. I don’t base much on the so-called “experts”. Buy and hold for the long term and recessions won’t matter.
For starters, the difference between 10% and 12% is HUGE. Over 30 years it works out to a difference of something like an extra 30% more or less. The problem I have with your test is you filtered it out to only show funds that performed in the top 95 percentile. Then out of that you further picked the top 3. So what you proved is even if you lucked out and out of 66,000 funds managed to luckily pick the 3 very best ones you STILL would have only ended up with 10%. What would those returns woud have been if you didn't pick the absolutely best performers? What was the mean average of those three categories? Since the top 3 best only outperformed the S&P500 by about 1.5% over the test period I'd be willing to bet on average, the vast majority of combinations underperformed the overall market.
Don't get me wrong, I like Dave Ramsey. The problem he takes so much flack for this is because hes wrong. Its been proven over and over you are almost better skipping all the fees, all the bs advisors, and invest in index funds.
Dave has always said 8-12%! Atleast that’s what I’ve always heard the man say!!
You were one of the first channels I found when I started seeking investment advice about a year ago. Unfortuntely I didn't sub and I couldn't find your channel again. Found it through a nondescript link on a new Chris Hogan video. Glad I found your channel again!
Finally!!!
I been waiting for this video for a long time now....
Dave and Dustin follower right here!
Jeremy is pretty awesome too.
Not going to lie I’ve started seeing your channel grow with subs and views and I’m very glad, because you definitely deserve them for everything you do. For the wisdom, teachings, and care you put into all the videos it’s amazing 😊👍
Well done. Thank you sir. I found several mutual funds that since inception have returned a bit over 12-percent and they are over 30 years old. I like that you took the time to dig through the categories.
He is being more conservative. There are new funds in the last 10 years that have very conservative investment strategies that are transparent. If you are able to ascertain their level of quality you can easily beat 12% but have to have a risk vs reward strategy.
Thank you. I totally agree your analysis. You did well‼️
You did an excellent job of presenting facts in a non-argumentative, constructive, and transparent way. This video alone (the first of yours I’ve seen) inspired me to subscribe and follow your content. I learned financial basics through Larry Burkett many years ago, and find that Dave follows many of the same processes, but no one is above the math! People don’t like Dave telling them it’s their own fault when they’ve mismanaged their assets... such is the new millennium. I see no need to defend or accuse him, as you demonstrate here it’s close enough. The point is that if you save and invest, that alone will make more difference than any other factor. One or two percent, give or take, won’t matter on the money you never invested.
I agree 👍👍👍
Only thing is that Dave doesn’t mention these funds. So the average person might pick 99% of those mutual funds that underperformed with high fees. For someone who wants to keep it simple, I can just go with S&P index fund which each of the major brokerage has.
Great in depth look thanks for the hard work guys!!
This was an absolutely amazing presentation. You were brilliant just like Mr. Ramsey. God bless you
Outstanding work Dustin. I hope Dave sees this!
What a terrific video for a newbie like me. That was extremely informative and it was exactly the complement or supplement that I needed to the Dave Ramsey information! 👍🏻👍🏻👍🏻
The more I watch your channel the more I am impressed with your approach and how you are respectful to all levels of investors and other advisors.
I appreciate how you research & approach putting info out to us. And also appreciate that you are respectful of others while having a good time running the numbers!
Very classy way of breaking down Dave’s investing strategy. He is a Icon in his industry. Love your channel. Been watching you for a year now. Great informative videos.
@kingofallcrypto haterade
@kingofallcrypto the amount of FREE advice Ramsey gives is insane. Check him out before throwing shade.
I appreciate the information you built here and stated it so clearly. Thank you!
Came across this video I’m doing research learning all about stocks and the terminologies that come with the investing world and I appreciate and love this video. I think people like you and Ramsey are amazing giving this information that we would never get as we were all coming up and learning in school and now it’s right at our fingertips. There is truly no excuse why people today or not driving with information being out here. I am already 33 but it’s never too late to start learning. This video is two years old but I found it and I am now a subscriber so thanks. It’s a shame that this was never taught in public schools growing up and that’s because it was for the rich to stay rich and not have competition.
important point, no way to tell if the fund that performed the best in the last will outperform in the future.
First time viewing your channel, GREAT presentation, I am sure this was a lot of work. Thank you! sub'd
Dave's baby steps do work as for getting out of debt but I do agree I've always thought his investments were very vague. I get hes not going to say his specific investments but this break down is more realistic. I'm not ready for this but doing research and gearing up for when the pandemic ends. Great channel. Subbed. Keep up the good work.
Great video! Like how you guys looked into everything and broke it down step by step...
I’m clueless about investing but I’m found Ramsey, and in turn found you. Great video!
Can you share the study on a Google Sheet so we can play around with it? That would be awesome!
Well done! I think the big message Dave is trying to put out there is Save People!!
Thank you for all the work you did! You really helped clarify a complicated subject!😏
The fact is you picked the best performing mutual funds out of 66,000 and it did slightly better than just the S&P500. I don't believe the reward of picking the right mutual fund out weighs the risk of picking the wrong one.
Yes. Faulty analysis aside, he proved that trying to beat the market using managed funds is a fool's errand. You'd have to get supremely lucky, picking one of three out of 66,000 funds correctly thirty years ago.
what software are you using to find all these mutual funds? I really like the breakdown and filters available.
It looks like Microsoft Excel.
It's all available on Morningstar. It's an impartial 3rd party which reports the #'s and doesn't try to sell you anything.
Awesome video Dustin. You always give the truthful information to us. Thank you
I absolutely loved this breakdown. I hate figuring out investments, but always felt Ramsey's numbers were a bit high. At least it's not TOO far off.
S&P seems to be a good go to, forget all the BS and just keep buying every major drop
Just to add. During these times. No Debt. Thanks Dave.
Glad you finished your presentation the way you did. Volatility is an important factor that must be noted as a part of the risk/return discussion. Also, investing should be based on, as you note, their goals......timeframe, use of funds, risk comfort, etc. Very good analysis. Yes, Dave does give good info to help people manage their money, but as with any advice, some will like and some won’t.......I am sure you deal with that, too.
I think that this is a great video for a beginner in investing in mutual funds (like me) because it provides specific examples of performance that you can measure against the S & P. He did the heavy lifting to give an introduction for specific analysis. Thanks!
I think the other investments to compare or outearn this setup would be an awesome and interesting video
The only common things that I can think of that might outperform this set up are real estate (which depends upon how good you are at buying and managing it) and picking individual stocks (probably much riskier than the mutual funds, and again depends upon your personal ability to pick them well)
Therefore, it would be very hard to compare those two things. Anyone can buy an S&P fund, or follow Dave's fairly simple advice and hold them (or keep buying them) for decades. It does not take personal skill or diligence.
@@jamisojo the people he has helped are the simple minded ones. Everything he says I was already doing on my own . Because it made sense. Expect for paying smallest to highest account when it comes to debt. I always pay highest to lowest.
I like listening to Dave Ramsey, but don't really follow his investing advice. Prefer to go Vanguarding instead. I do like Dave's lifestyle advice.
Scott are you investing in index ? If you don't mind sharing.Thank you
Scott McMullen
Dave's lifestyle is a luxurious lol but he can actually afford it.
@@beatakrawczyk6079 Yes, I do.
@@XxChuyoxX I agree; what I meant was his lifestyle advice to live carefully within your means and avoid taking on debt.
@Scott McMullen. Thank you Scott. I am new to this and just learning about it. Want to invest with Vanguard
One suggestion would be to balance the distribution on a regular basis -vs- buy and hold the entire time, keeping the value of each category roughly 25% throughout the holding period.
Are the dividends just paid out, or are they reinvested? Makes a huge difference. I listened and heard you say "total returns including dividends", but that isn't clear on "reinvested or paid out".
if it's inside a retirement account it is to be assumed that it's reinvested.
Great honest review. Dave first gets you out of debt. He then constantly says with regards to investing "if I am half wrong". He gives people help and hope. The critics are wearing tinfoil hats.
Thanks for sharing Jew
Where did you get that data set from and what software are you using? Wonderful video, thanks!
Looks like he is not sharing his secrets. 😉
Absolutely great break down thank you. I like a lot of his views but not everything. Thank you for breaking this down.
Instantly subscribed. Cool video love it
The long term return on the market is 9%, including dividends. The reason Dave Ramsey and many others have exceeded 9% in the last 20 years is because of 0% or near 0% interest rates. This has had two effects. First, people have invested an inordinate percentage of their money in the market because alternatives such as CDs have terrible returns. The increased demand for stocks has driven up prices. Second, companies have used cheap money to do buybacks, which also drives up prices. Prices are no longer tied to fundamentals.
Good video, but I think this highlights exactly why Dave's advice is spotty more than demonstrate that he deserves a pass. You picked THE BEST mutual funds and even those didn't hit his 12% mark. I would have preferred to see how some of the median funds performed over the same period.
Exactly, the chances of someone picking a top mutual fund is near zero .
Jazz thanks for this Content. Appreciate what you do.
Subscribed. Thank you for putting all of that together.
Here's what I think you're missing: Since these are actively managed funds, cherry picking the funds that had good historical returns is misleading. You're right that someone COULD HAVE picked those funds 20 years ago, but the odds are that a given person would have picked within the 82 percent of funds that didn't beat the market in that time period. Likewise looking forward, there's an 82 percent chance that the active funds you pick today will underperform the market over the next 20 years, AND you're paying higher expenses and fees.
I completely agree with this nature of observation, and am glad to find that someone posed it. (I will quickly amend, though, that fund-returns are calculated net of fees - so, the latter cost would not be additional to index-underperforming returns.)
Is that random picking or researched? Can you answer my question below. I don't have a lot of knowledge in finance. I've had these accts for 20-30 yrs. I don't have 20 yrs for market to come back
Correct. The analysis is intellectually retrograde. To complete the analysis he just did, he has to wait 15-20 years for the results. Or, as you say, he could have gone back 20 years, picked the best performing funds to that time, then see how they fared through today. I'd bet many of them crashed and burned and got closed out.
An incredible amount of work to try to prove something that could be instantly proved or disproved by Ramsey himself, if he would just be open and honest.
Thanks Dustin great breakdown 👍 love the charts.
Loved the breakdown.Been curious what funds he talked about, but I understand the due to legal and non-fiduciary reasons, he can't personally tell you his exact portfolio investments. but this video definitely helps. I'm investing the way he teaches, however I started during the worst year (2022) so I am far from seeing those numbers on my ROI, even though all my funds personally are up for YTD >15%. Loved your channel, definitely subscribing.
If you continue to invest through those low ROI periods, you are buying low, which is exactly what you want to do. Just make sure they have good fundamentals, so they go up when the turnaround finally happens. I saw my IRA sit at around $170k for the longest time in 2020 - 2022. Last October things finally popped and those purchases I made when COVID hit look pretty smart., now.
I’ll give you a like just for the Bruce Williams mention.
Does something escapes me or: 1) Survivor bias isn't addressed at all. I'm no Ramsey expert, but I've heard him repeat that you don't have to be that smart to identify a good fund, yet only a handful of them - carefully selected after the fact - can beat a broad large cap index like the S&P 500. 2) There is a word about it by the end of the video, but there is no risk performance adjustment. That's ironic, because Dave Ramsey seems adamant on factoring in risk (and rightfully so).
I liked the way you presented these points. I definitely need to look into doing this for my future.Thanks
Well done sir. Thanks for walking me through that. new Subb here. you earned it.
Good work! Your result matches what matches what makes sense. I've always thought Dave's advice was good for pre-retirement investors where volatility is second to ease of investment.
Ramsey tells all investors to invest this way, even the retired.
@@thomasreedy4751 and it’s definitely wrong
if you’re just starting, it may not be a bad idea to begin with an ETF since it gives you such broad exposure out of the gates, but remember that you can buy multiple funds to build a portfolio that fits you, I've put in quite an effort into vanguard and ARK ETF my portfolio has grown over 270% this year just hit the 7 figure mark...
I’m new to all this, which is the best ETF
Wow this is really impressive...congrats on your success
@@benharrop6157 There are plenty of options out there if you're looking for the best ETF for beginners, but Vanguard and ark funds stand out among the competition....
@@jakehart9346 I said I was going to get into active funds this yr but haven't really wrapped my head around it...do you do this on your own ?
@@benharrop6157 I don't ,i've been working with someone who changed my idea about the stock industry and how ETF's work ..I invest with the guidance of Nancy Jane Gluck, I came across her on an investment webinar, just search her name online to know more about her. She has a website, you can reach her from there..cheers
You deserved my like and subscribe, buddy. Great video - objective, information-based and honest!
I think the problem people have with Dave Ramsey is that he never says what actual funds he's talking about and it seems everything he recommends is something he has a financial interest in. In general his idea of growth mutual funds is fine but so is simply buying an index fund that he is so dead set against
Since we're looking at a 20 year horizon, wouldn't it have been prudent to go back 20 years ago and find the funds that would have met the criteria and see what their performance would be today.?
Dave is a huge contributor in my ability to pay off my Lowes grill in 1 month instead of 3. I was able to do a Weber 310 debt free scream because of that man, and for that....I'll always be grateful.
utseay I am a DR girl but I have a big respect on on Dustin as well. Dave is giving away advice for free on how to manage your money get out of debt and Dustin does manage investment so its ok to like both of them haha
When I used to work for UPS at first I tried just basic investment through 401K . A year later I decided to follow my husband's advice to listen to Dave Ramsey and took notes on how to invest, called the investment department and requested the change based on the notes I took after listening to Dave Ramsey's video... at the end of the year I was blown away with the huge positive difference in return. So based on my own personal experience, utilizing Dave Ramsey's suggestions put me in a much better financial situation.
Just came across this channel and look forward to get vital financial advise as well.
Very informative. Thanks for your time
This was a great video! The only other thing to mention would be adjustments for inflation which I don’t think you mentioned. We definitely don’t touch 12% when factoring for inflation. GREAT JOB! 👍🏻😎
Ariel Acosta you are right. I didn’t think I was indicating only mutual funds are prone to inflation since ALL are. Thanks for making the clarification known. Yes, sitting your cash in the bank is the WORST. Thanks for adding to the conversation. 👍🏻😎
everyone's an expert when the markets rises
Invest in a low cost S&P index fund and you will not lose over a 10-year period.
Right! I notice a lot of “new” finance channels popping out of no where this year.
@@Jesseg-rj6xf Doesn't make this advice any less valid. It is good, conservative, long-term investing advice.
Market is crashing lol
Awesome video! Thanks so much. This really makes it clear.
Good analysis by Jazz Wealth Managers, and Dave's advice still stands the test of time.
I was going to thumbs down this video and I watched him go through multiple examples. I give you a thumbs up.
I love Dave Ramsey. He provides a great public service. I don't judge him on the 12%, even though I think it is high. He is trying to get people excited about investing. However, I would never use a "Smart Investor Pro" to buy loaded mutual funds and additionally pay for financial planning. Dave most likely gets a commission cut on each of these funds sold as well as a 'finders fee' when people use these services. It would be interesting to know what standards he has for these Smart Investor Pros beyond making their payments to Papa Dave on time in cash!
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Dave helps you get out of debt so you can start making him some money. Money doesn’t make itself. How else is he going to pay for his nice toys without dipping into his investments. Assuming he buys all his toys in cash as well.
He is a 🤡🤡🤡
Thanks for breaking this down it was extremely helpful
Again, awesome work Dustin!
Great video, what is the tool you used?
I team Buffett/Munger, by the way. Listen to billionaires. They are smarter than millionaires. Index all day.
So the richer you are the smarter you are?
Awesome video bud ... we also have to do our own research you guys just point the way , if a person wishes to enter the stock etc market they must have some knowledge of it ... thank you
I enjoy watching his show. Lots of wisdom and life experience and very good advice regarding getting and staying out of debt but when it comes to investing... Just go low cost ETFs. that's it.
if "what-ifs" were easy and worth a damn, everyone would be rich.
Dave Ramsey always says to people if you save for from age 27 to 67, in a Roth IRA you'll end up with 5 to 6 million dollars and if I'm half wrong, 2 to 3 million. The stock market has returned around 7 percent since ww II. I think that's what he means. He's trying to get you excited about investing.
I agree totally. I have guys who I've worked with now for over 20 years, and they've not saved a penny towards retirement. If someone can excite you about looking forward to investing and putting back so you can have something for your future......how is that wrong.
kenpo1203 5 to 6 million? Did you forget there’s a cap to Roth contributions?
Even if you’re half wrong, you would still need a starting principal of $50k + maxing out the Roth every year for 40 years break 2 mil at age 67.
Idk any 27 year old with a spare $50k and an extra $500/month...
@@barefoothippielibtard9691 you should address Dave Ramsey because that is what he tells his audience.
Caleb Buchta young nurses have that kind of money. I work with a girl below 30 years old who put 30% down from her own savings on a 350K house and bought her 40K Lexus cash. She only spends 1 paycheck a month and saves the other. She has 6 digits in savings + puts 18%:month in 4O1K. Of course she has no kids. Anyway, my point is there are 24 year old savers out there.
@@JoyofRVing That Lexus purchase was stupid though and the house isn't much better.
I’m new to your channel. Thank you for this video.
I’m wanting to learn more about investing.
Another criteria D.R. says is important to consider is a Turnover Ratio of less than 10%.
Would be great to see another video from you like this one that includes this one extra criteria if possible and see what you get.
Just found your page. Thanks for explaining this. On bs4. Need to learn how to use fidelity.
It amazes me that Dave gets so many other things right and yet gets mutual funds so wrong.
Doesn't Dave Ramsey also suggest using an ELP? If so, then wouldn't it be prudent to include the ELPs fees on top of the portfolio returns? Wouldn't that show true returns after ALL fees vs market returns?
Bruce Williams!!! That's a blast from the past!
My opinion its all about attitude behavior.. i use a professional and check on it monthly and yearly... wish i found you sooner jazz wealth my favorite financial advisors always honest advice
Dave Ramsey was the first financial “guru” that I listened too and he really got me intrigued with personal finance in general! However now that I am learning more and more I realized his advice is mainly used as a wake up call to the people who never even bothered to worry about money management. Without him however I do not think I would be majoring in Finance!
He's said before that he invests in one that is over 80 years old, how many are that old? I invest in one that's 85+ so I kinda assumed it's the same one
VWELX 1929
Does the ranking of the funds' performance take annual management fees into account? Thanks, great vid!
That was awesome.....so I hit the subscribe button. Great job.
Good video. Dave has mentioned American funds several times that it's this one fund that's been returning 12% since the 1930s, most point to AIVSX as the fund he's referring too. I am curious with international funds being stagnant for the past 15yrs I wonder what would happen if you re-ran without international? Ramsey has lamented about possibly not recommending international funds but ultimately concluded to stay the course.
Also of interest, this is directly from his website "When Dave says you can expect to make a 12% return on your investments, he’s using a real number that’s based on the historical average annual return of the S&P 500." And I have to call BS on that...when Dave talks about 12% he always mentions picking funds with long track records that consistently beat the market aka not index funds.
I thought Dave stated 12% on average, meaning that sometimes it is higher and sometimes it is lower annually.
I'm going for 8% with a little less risk. But Dave does a good job of increasing awareness and financial education.
Excellent idea to do this. I followed how you essentially filtered for 'Dave Ramsey-like' mutual funds in each of the categories, but after that I thought your analysis was quite scatter-shot. I thought you should have addressed what tool you used (even if it was to say I'm not telling you). Laying out your parameters up front for the 'experiment' would have been helpful.
Still enjoyed the video. Thanks...subscribed.
Subscribed! Great analytics! What software do you use to do that? Super interesting. Thanks again
What if you broke up the percentages? Hypothetical: 35% growth 35% aggressive growth 20% growth and income and 10% international growth
You can do it like that if you want. It really is up to yourself what you do.
Dave recommends 25% in each of the areas. And international should be sub allocated among the three investment types he recommends in thirds (33% international growth, 33% int'l aggressive growth...)
1.) Are they guaranteed to continue to out perform? The managers have got to closing in on retirement.
2.) So how did the funds early adopters choose the funds at inception. You know, the ones who really got to experience the growth?
You cherry picked the best and got maybe 1-2% extra ... not 12%
If I have to choose between survivor's bias or an average return with lower risk . . . I'll choose the later.
no they're not guaranteed to outperform.
But neither are indexes guaranteed to represent market averages. None other than Jack Bogle predicted indexes could lose their advantage if they came to dominate the market. Michael Burry, Carl Icahn, Jeff Gunslach and Robert Shiller (among others) have raised possible red flags about passive indexing
@@harrisonwintergreen1147 not when the percent of trades from index funds is only 5% of market volume. Indexers don’t set prices yet, not even close, because 95% of prices are determined by active traders. I also believe humans are opportunistic in trying to find mispricings which will squash market inefficiencies.
Great video and thank you for sharing
Bruce Williams! Haven't heard that name in a while. Loved the man!
Well I invest through my job (which is a state job so I'm in my state's investment system) and have limited options in investing. But I do follow Dave's advice. 25% in low, mid and high cap, then 25% in international. Right now my rate of return is around 25%. Now that's just 2 years in but I'm happy with the results so far.
joeskis how is that fund now? I imagine down with market 20% or so?
Lol
How do i find the actual names of the funds & how do i go about investing in them ???
Morningstar research free at your public library.
Vanguard Total stock market index fund. All you need to start. However do a little research and find out what mutual funds are and what you can expect by investing in them.
Nice work young man. Thanks!
You have earned my subscription kind sir.