I used to listen to Dave every evening when I was working to get out of debt. It excited me to hear the “I’m debt free” screams. 😊 After getting out of debt, I really hope people take the next steps to becoming more self-sufficient and self-reliant. By learning to grow some of their own foods and becoming their own handymen. Working with people in your communities to build and protect, instead of solely depending on outside sources. Support your local farmers and mom and pop stores. A big thank you to Dave Ramsey and those of you who called in to give your “I’M DEBT FREE” screams. Blessing!
Problem is, I’m retired and using that money. There is no ten percent growth to take out and live on. And mine has gone down much more than 20 percent. Fortunately I have a cash cushion out of which taxes have to be paid on the withdrawal, but it has affected my spending
He didn’t cover this very well in this video but he has in others. Essentially it’s not super horrible considering you only sell off what you need to use RIGHT NOW. It’s not like you’re selling off your whole portfolio, it will recover.
@@thomasd5488 this is true. Their unrealized losses tend to be larger in times like these so on the whole they are more likely to panic than get excited.
@@JK-zt4ym What is true, is that people who have a short investing horizon, and need to withdraw cash every month, to pay bills, will more likely panic, and sell when they are down 20% to 30%. Especially if they mostly have growth stocks. They know they need the monthly cash to pay bills, and will be forced to sell MORE shares, at a loss, to cover their monthly expenses. If you don't need to draw money out of your investment/trading account, to pay monthly bills, then a person is more likely to see this as an opportunity to buy more shares at a discount.
The bottom line is that our investments have lost value, so now we have less spending power. That's really what matters to me. (Dave recommends growth funds, and most are down over 30%)
A lot of younger adults have never experienced this before. I know it's hard to stomach your accounts getting hammered day after day, but like Dave says, you aren't losing money, your investments are just worth less at the moment. You know how you guarantee losses? Start panicking and moving money around. If you're in solid index funds, you have nothing to be scared of. Just ride it out and try not to look at your accounts too often.
I'm retired debt free with fixed income of $90k/yr. and living easily on less than $30k with cash,savings,emergency fund,investments,Roth 401k,and Pretax/Roth 401k on standby.
It is now 2/23/24 and the market did come back to new highs. Please remember this bear market and recovery when the next bear market hits. In my case I have taken 3 years of withdrawals into my emergency fund, this way I can handle a 3 year bear market without selling stocks. But the biggest thing we did to protect us in retirement was to become debt free. Please become debt free like The Ramsey Organization is saying you will not believe how stress free you will feel.
@@jkell2888 Best thing you could do is talk to a finacial advisor. They are not all the same so if they dont take the time to tell you everything you want to know find someone else
I really appreciate your efforts! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Dave doesn’t have to worry about debt or losing his job or being able to afford a house. I don’t know what charts or data they’re looking at but it’s not the whole picture. He’s out of touch.
I agree with certain things. When you get to a certain point where you have millions of dollars you really don’t have to worry. And that’s where he’s at. He is certainly out of touch on certain things. He’s not living in 1985 anymore. Also he’s pretty smart when he mentioned facts about the roller coaster ride and averages he has pulled them up.
Thanks for the interesting content! 😍 I wanted to ask something unrelated: 🤔 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Weird how Dave says people who don’t recognize history are the ones that panic. Is he aware that every fiat currency since their inception has failed or does he just ignore that?
Once the printing presses get going again the problems can be kicked down the road again , the all American financial worlds famous saying ( let the next generation deal with it ).
The bit about "chances at 65 being down based on historical data" is false. If you bought the Dow 30 in September 1929 and had the stomach to ride out the depression, WW2, and the early Cold War, you would not get back to the pre-crash high until 1954 (excluding dividends). Now if you want a more recent example, if you bought Japanese stocks on the Nikkei 225 on December 1989, you would still be down (excluding dividends). That's 32 years. And those abysmal returns are despite enormous stimulation by the BOJ.
A lot of this is also now due to the baby busts that have happened around the world starting in the 1970s and other places in the 90s and even the US now aging. Dave’s generation on the way up and out, and the replacement, which of course is Z, is the smallest we’ve ever had.
The past is the past. Stocks are different today especially with tech. Companies are more established and tech exponentially grows. Also world wars are unlikely today.
Actually this is what cash,savings, and emergency funds are for during recessions and downturns at retirement. At least that is how I planned. I am retired have enough total cash currently to live on for over 30 years if needed.
@@michaelhunsinger8351 bonds will always pay what they promised when they were issued if you hold them to maturity. As rates go up new bonds pay more. The main risk with bonds is inflation.
I like when George is on without Dave, he’s much more himself when Dave isn’t there and shows much more of his personality, he acts more like a sidekick than a co-host when on with Dave
That's the job description, be a yes man for Dave! It is echoed across all the co-hosts... I get the feeling that a dissenting opinion on anything would be a career limiting move!
George, Rachel, and the other female hosts don't add anything to the show. They essentially just repeat what Dave has said for years. At least John is trained and brings perspective about relationships and Ken about careers, even though Ken is terrible.
Dave, your use of "recognized" vs "realized" is largely incorrect. In the scenario you described of not having realized losses (or gains) your losses are simply "unrealized". If you sell those positions and lock in the losses, you've "realized" those losses. You "recognize" them on your 1040 after having netted out your LTCG with your LTCL and STCG with your STCL and then taking the net of those two numbers.
Just like I did. So keep on investing on a continuous basis. Your index funds are still producing dividends and after 10 years the picture will be better. I am not worried at all. My MF's are down and so are most of my dividend stocks. I just keep buying to bring down average cost price and while I am doing that, dividend is going up. These are good times. I hope it stays low for a while
Right now, is it better to invest more up front or to invest more money monthly. For example $100 K initial and like $ 1k each month. Or $10 K initial and put like $5k monthly?
@@Take_America_Back I stand by what I said. Been doing this a long time. Even you say you need to own "enough"..... They pay fewer dividends as a whole and initially start at around $25 a share. Most of my dividend paying stocks were purchased between $1-$5 a share and no expense ratio.
Typical talking points for buy and hold types, timers go a different route, that is why we have buyers and sellers. We will not know until we know if it is a 1929 style decline that will go on for decades or a 1999 style decline that will recover and then reach new highs relatively quickly. Sorry, Dave on this one you are not giving us much to work with, this is not your strength I assume. It is Ok, good work on many other topics. Happy 4th!
we are about to see what 20 years of funny money printing does to a country. Being 30 trillion in debt and having multiple bubbles waiting to pop due to overspeculation will make this crash much different. Inflationary depression is more like it
I can give you an MF that does better than the index... fscsx... there are others. Not doing a modicum of research before casting stones I see... no wonder dave is a millionaire and you'r ejust a youtube commenter.
No- he was laughing from the perspective of age, where we did the same thing, then realized how foolish we were when we later saw the looser we were crying over, we started laughing.. More than likely anyone not raised children to adults wouldn't get it.
Imagine calling a person wanting to learn and willing to ask questions “unsophisticated”. A “sophisticated” person is willing to accept when they have a lack of knowledge and are will to accept that fact by asking a more knowledgeable person a question.
Given the present circumstances, is it better to invest into Real Estates or into Stocks? Which would yield better output. Considering a young mid income, short term person living in the US with less time on my hands?
You guys should be more mindful about the way you speak on people that believe in cryptography and blockchain technology. There are many hyper intelligent people that work in blockchain tech and believe that it is going to be a massive part of the 5th industrial revolution. It’s definitely not just a bunch of “bros” trying to get rich, as you attempt to portray it here. Do some research on what blockchain technology actually is. A person can believe in being debt free and also believe in the future of cryptography and how it is going to serve the world.
That really doesn't make me feel any better . The bottom line is that our investments have lost value, so now we have less spending power. That's really what matters to me.
Dave recommends investing in a "good mutual fund", but he doesn't post his own investments. I think we all need to know how Dave invests his own money at this point if he is going to dispense advice.
Hey no one forces you to listen to his advice. Dave always says it's his opinion based on these facts or how he feels. But as he always says "The advice is free, and some say it's worth what you pay for it". To paraphrase George Carlin "there are to buttons, delete or scroll down."
I used to listen to Dave every evening when I was working to get out of debt. It excited me to hear the “I’m debt free” screams. 😊
After getting out of debt, I really hope people take the next steps to becoming more self-sufficient and self-reliant. By learning to grow some of their own foods and becoming their own handymen. Working with people in your communities to build and protect, instead of solely depending on outside sources. Support your local farmers and mom and pop stores.
A big thank you to Dave Ramsey and those of you who called in to give your “I’M DEBT FREE” screams.
Blessing!
Fun fact: he still uses debt.
@@tracygaluszynski1868 Really? How do you know?
There's still hope??
Dude, hope is not a retirement plan.
Hi
@@FinancialGuyLou part of retirement plan
Since Dave made this video 20 months ago the market is up 38%. He's such a jolly good fellow.
Problem is, I’m retired and using that money. There is no ten percent growth to take out and live on. And mine has gone down much more than 20 percent. Fortunately I have a cash cushion out of which taxes have to be paid on the withdrawal, but it has affected my spending
Yup you are correct I'm down 25%
He didn’t cover this very well in this video but he has in others. Essentially it’s not super horrible considering you only sell off what you need to use RIGHT NOW. It’s not like you’re selling off your whole portfolio, it will recover.
This has me nervous.
Yes! I'm sorry to hear. For those who don't have the time to wait, it's painful
@Elon true. I sold in an upmarket so I’d have a cash cushion.
When everyone has fear it's time to be greedy
when everyone is greedy it's time to be fearful as well lol
George’s humor is underrated 😂
Excessively growth focused investors: "Omg, the sky is falling"
Dividend growth investors: "Ooh lookie, income is on sale"
Schd!
@@paulharsh78 giggity
@@JK-zt4ym To be fair, some excessively growth focused investors are also saying, "Ooh lookie, growth is on sale".
@@thomasd5488 this is true. Their unrealized losses tend to be larger in times like these so on the whole they are more likely to panic than get excited.
@@JK-zt4ym What is true, is that people who have a short investing horizon, and need to withdraw cash every month, to pay bills, will more likely panic, and sell when they are down 20% to 30%. Especially if they mostly have growth stocks. They know they need the monthly cash to pay bills, and will be forced to sell MORE shares, at a loss, to cover their monthly expenses.
If you don't need to draw money out of your investment/trading account, to pay monthly bills, then a person is more likely to see this as an opportunity to buy more shares at a discount.
The bottom line is that our investments have lost value, so now we have less spending power. That's really what matters to me. (Dave recommends growth funds, and most are down over 30%)
30% on sale now is the time to buy
@@ellie448 yes, I'm hoping!
That’s why you stop giving your money to wallstreet. Protect your assets instead
@@andyarteaga2649 I really don't know where to put it, so I think I'll just spend it, and enjoy it instead
@@Mike-pm2fc Seems like a short sighted attitude.
"You will own nothing, and you will like it," WEF.
A lot of younger adults have never experienced this before. I know it's hard to stomach your accounts getting hammered day after day, but like Dave says, you aren't losing money, your investments are just worth less at the moment. You know how you guarantee losses? Start panicking and moving money around. If you're in solid index funds, you have nothing to be scared of. Just ride it out and try not to look at your accounts too often.
Patience is a virtue! very old saying but continues to be true.
Bible always has the best qoutes
What about the folks who are already retired living on fixed income?
The fixed income is by definition saying that it’s a broken income.
Fixed income usually means people living off of social security not investments.
@@MrTmenzo or PERS or FERS or many others.
Same principle still applies, you aren't going to cash out your entire nest egg this year.
I'm retired debt free with fixed income of $90k/yr. and living easily on less than $30k with cash,savings,emergency fund,investments,Roth 401k,and Pretax/Roth 401k on standby.
If Dave got another 28 yrs. to “sit this out” then I got another 58 yrs then. lol
If you’re in good health and maintain it.
Ya but Dave has a net worth over $65million🤣🤣🤣
Love you Dave
PBD podcast invited you on to discuss your thoughts on housing.
LETS GO!!!
Dave would get pulverized.
Ya LFG
Brutal drop in stocks. Just keep adding and holding on !
DCA and relax
Exactly. I found this segment by Dave reassuring in that my strategy is reasonable and sensible from an historical perspective.
ditto but on index fund.
They're on sale!
Seem normal to me.
Only thing I see brutal is +100 degree weather outside.
Poor Rachel. Her father outing her like that. 🤣
I'm looking at this like a slingshot...I've been pulled back, and back, and back. But the release point is coming.
This is just start...it's got a ways to go down.
We all have the perspective of time, some just don’t have watches 😂
It is now 2/23/24 and the market did come back to new highs.
Please remember this bear market and recovery when the next bear market hits.
In my case I have taken 3 years of withdrawals into my emergency fund, this way I can handle a 3 year bear market without selling stocks.
But the biggest thing we did to protect us in retirement was to become debt free.
Please become debt free like The Ramsey Organization is saying you will not believe how stress free you will feel.
How long? Depends on how long the problem that caused it remains in office.
Meaning Putin
Yea, that's not really the problem but good try on partisan hackery
Dave is right. Quality stocks are on sale right now. BUY!!! BUY!!! BUY!!!
What stocks would you recommend? I don’t quite understand the concept of good stock & knowing what’s good
Wait for bottom.
@@jkell2888 Best thing you could do is talk to a finacial advisor. They are not all the same so if they dont take the time to tell you everything you want to know find someone else
Poor Rachel 😆
You are wonderful sir.....
I think in September, there will be a pause in the rate increases. Should move up from there.
I don't worry about it.
Just enjoying the ride.
I really appreciate your efforts! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Time to buy!
We aren’t at bottom.
We just getting started!!!
Jeezus Effin kryst Dave!! STOP comparing your personal finance situation to those who do NOT make a million a month…🤦🏻♂️
It’s a bad look.
Sorry Dave, the geology of the formation of commodities is very well understood. There is little left to find.
Dave doesn’t have to worry about debt or losing his job or being able to afford a house. I don’t know what charts or data they’re looking at but it’s not the whole picture. He’s out of touch.
I agree with certain things. When you get to a certain point where you have millions of dollars you really don’t have to worry. And that’s where he’s at. He is certainly out of touch on certain things. He’s not living in 1985 anymore. Also he’s pretty smart when he mentioned facts about the roller coaster ride and averages he has pulled them up.
Thanks for the interesting content! 😍 I wanted to ask something unrelated: 🤔 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Weird how Dave says people who don’t recognize history are the ones that panic. Is he aware that every fiat currency since their inception has failed or does he just ignore that?
He actually sounds as if he’s the one who’s panicking...almost hysterical. His gravy train may be loosing gravy.
I’ve started buying into the S&P 500 it’s on sale going to buy every month.
Once the printing presses get going again the problems can be kicked down the road again , the all American financial worlds famous saying ( let the next generation deal with it ).
The bit about "chances at 65 being down based on historical data" is false. If you bought the Dow 30 in September 1929 and had the stomach to ride out the depression, WW2, and the early Cold War, you would not get back to the pre-crash high until 1954 (excluding dividends).
Now if you want a more recent example, if you bought Japanese stocks on the Nikkei 225 on December 1989, you would still be down (excluding dividends). That's 32 years. And those abysmal returns are despite enormous stimulation by the BOJ.
A lot of this is also now due to the baby busts that have happened around the world starting in the 1970s and other places in the 90s and even the US now aging. Dave’s generation on the way up and out, and the replacement, which of course is Z, is the smallest we’ve ever had.
If we bought in 1929 we'd by dead by now.
The past is the past. Stocks are different today especially with tech. Companies are more established and tech exponentially grows. Also world wars are unlikely today.
Back to even at 1954. But is that inflation adjusted or nominal?
@@thesig301 haha ;D for a moment I thought you meant it
I’m buying the dip but not going 100% in because of emergency’s and am wanting to start a business soon so have to keep cash for it!!
We've had a bear problem😆
So you're telling me as someone who's 26 and has all his finances pretty much in check, I get to buy stocks on sale for a year and a half 🤑🤑🤑🤑🤑🤑🤑🤑🤑
Buy low sell high. I sold. Now buying soon. Bears are more fun times than Bulls. I like things that are on sale.
Those who are retired and need to withdrawal from savings to pay monthly bills will be the losers. This is frustrating.
Actually this is what cash,savings, and emergency funds are for during recessions and downturns at retirement.
At least that is how I planned.
I am retired have enough total cash currently to live on for over 30 years if needed.
If you are withdrawing you shouldn't be at 100% stocks. 60% max, the rest in bonds
@@thedopplereffect00 this is what I’m learning to do when I retire! I have a ways to go but this is a lesson for us young folks!
@@thedopplereffect00 Bonds go down as rates go up, the ole 60/40 isnt working to well these days.
@@michaelhunsinger8351 bonds will always pay what they promised when they were issued if you hold them to maturity. As rates go up new bonds pay more. The main risk with bonds is inflation.
I like when George is on without Dave, he’s much more himself when Dave isn’t there and shows much more of his personality, he acts more like a sidekick than a co-host when on with Dave
That's the job description, be a yes man for Dave! It is echoed across all the co-hosts... I get the feeling that a dissenting opinion on anything would be a career limiting move!
George, Rachel, and the other female hosts don't add anything to the show. They essentially just repeat what Dave has said for years. At least John is trained and brings perspective about relationships and Ken about careers, even though Ken is terrible.
@@joelleitner8921 Rachel I understand parroting whatever Daddy says but the others should be able to bring a different perspective.
@@Polostar79 I agree, but they really don't with the exception of John and Ken. I listen to hear Dave Ramsey's opinion on topics, not anyone else's.
It's cringy at times.
What ever you look for, you will find.
I don't like Bears 🐻... I want Beers 🍺 😆
Good attitude!
Well said, my friend. 👍
Historical outcomes do not guarantee future results
love me a good garage sale!
Thank you Dave!!!
Some us recently started the baby step and are not rich or afraid , but we would like to know how to be somehow prepared for it , anything we can do ?
Dave, your use of "recognized" vs "realized" is largely incorrect. In the scenario you described of not having realized losses (or gains) your losses are simply "unrealized". If you sell those positions and lock in the losses, you've "realized" those losses. You "recognize" them on your 1040 after having netted out your LTCG with your LTCL and STCG with your STCL and then taking the net of those two numbers.
Mathematics , economics and history are difficult for many people
*Dave, with a waist like that … you aren’t going to live to 90*
Don’t kid yourself about the penalty for carrying extra pounds.
Look at Buffet and Munger.
@@ProCoach2373 a fair point ! 😂✅👍
No one has a crystal ball, including Dave
Panic seller
In 14 years, the $200k will have less purchasing power due to inflation, sadly.
Not by much
but the $200k would be worth much more as well
George is having more fun poking Dave and get paid big bucks. Win win bro.
March 2020: a lot of people cried that they sold and cheered that they bought
I cried that I didn’t buy enough.
So I started putting into index funds about a year ago. In other words im wasting the next two years with no returns.
Just like I did. So keep on investing on a continuous basis. Your index funds are still producing dividends and after 10 years the picture will be better. I am not worried at all. My MF's are down and so are most of my dividend stocks. I just keep buying to bring down average cost price and while I am doing that, dividend is going up. These are good times. I hope it stays low for a while
Sounds like a good time to buy?
Prob should have finished video before commenting
Down 20%? You mean a 20% discount?
Right now, is it better to invest more up front or to invest more money monthly. For example $100 K initial and like $ 1k each month. Or $10 K initial and put like $5k monthly?
1-2 years on average
Come on buddy, everyone watching this video knows it was Rachel
What data should someone be focusing on when looking at charts and graphs for stock investments to tell if they're a good company to invest in?
You don't. You buy index funds instead
@@Ryan-gx4ce
Index fund don't pay over $8k a month dividends tax free.
You mean the data that tells you where the sock price will be in 12 months. Oh please tell me also.
@@Take_America_Back I am not sure what you mean?
@@Take_America_Back
I stand by what I said. Been doing this a long time.
Even you say you need to own "enough".....
They pay fewer dividends as a whole and initially start at around $25 a share.
Most of my dividend paying stocks were purchased between $1-$5 a share and no expense ratio.
How many homes does this predator own? How many apartment buildings ? Rich predators make me sick.
Lol good example Dave of your daughter 🤣
It’s unrealized gains or losses not recognized lol
not on sale yet.
Agree 💯
Some cryptos will create generational wealth and some cryptos will vanish away.
36,799.65 Highest recorded level of the DOW
Who else thinks it's Rachel?🙋♂️
Typical talking points for buy and hold types, timers go a different route, that is why we have buyers and sellers. We will not know until we know if it is a 1929 style decline that will go on for decades or a 1999 style decline that will recover and then reach new highs relatively quickly.
Sorry, Dave on this one you are not giving us much to work with, this is not your strength I assume. It is Ok, good work on many other topics. Happy 4th!
Exactly this👍
Best time to go all out since 2020 march / april woohooo
All due respect Dave, what do you need money for once you're 90 other than probably medical, if you don't have insurance?
Be nice
@@MrDonny27 I've being nice and realistic.
Run from this man
THE BIG BAD BEAR!!!🐻🐻❄😨😨😱😱😨😱
we are about to see what 20 years of funny money printing does to a country. Being 30 trillion in debt and having multiple bubbles waiting to pop due to overspeculation will make this crash much different. Inflationary depression is more like it
I'm retired debt free at 50 and not concerned about the drama.
How long do you think it will be before we recover ?
I'm sorry but the risk of *not* recovering after 10+ years is *not* zero.
A famous modern example would be Japan's decline around 1990.
My DCA is perfect
Buy the dip 🦍 🚀
@@nchinth LFG
dave is the greatest grifter since bernie madoff.
Not for Dave "I do better than index" funds. Probably lost 30%+ vs 20% S&P 500.
You do not have the financial advisors that Dave has.
@@alinatamashevich3354 Typical follower. Cannot stand when someone goes against Dave's opinion.
@@jimmymcgill6778 Typical troll, cannot stand when logic enters the discussion.
I can give you an MF that does better than the index... fscsx... there are others. Not doing a modicum of research before casting stones I see... no wonder dave is a millionaire and you'r ejust a youtube commenter.
@@alinatamashevich3354 Having a different opinion or asking questions is not a troll.
This guy has meme level understanding of anything.
When Dave makes a prediction it's best for you to do the opposite of what he says.
I like it... stocks are on sale!
Tell me more about this magical economic pill please
The economic pill is save,invest,live within means,and avoid debt.
Only magic to some because of ignorance and lack of common sense.
Until people all lost hope.
Pessimism of disbelief
As long as Federal Gas Tax isn't dropped.
Dave was laughing at his daughter not getting asked to prom? Cruel 😂
Sometimes he is just so rude.
@@jimmymcgill6778 boo hoo 🎻 who cares, his daughter probably laughs at that joke
She probably laughs too. She's married now, so she doesn't care.
He still comforted his daughter even though he knows that not getting asked to prom will be a minor event long-term.
No- he was laughing from the perspective of age, where we did the same thing, then realized how foolish we were when we later saw the looser we were crying over, we started laughing.. More than likely anyone not raised children to adults wouldn't get it.
The fact that someone asked Dave Ramsey this question, shows that most people who are invested would not be considered, “sophisticated”.
Imagine knocking someone who is asking a question because they want to learn. You are unsophisticated
How does one person asking this question equate to "most people"? Lol, the dumbest thing I've read today, but it's still early.
Or maybe this time is different to other times?
How long did it take for stocks to recover to their previous levels after the Great Depression?
Imagine calling a person wanting to learn and willing to ask questions “unsophisticated”. A “sophisticated” person is willing to accept when they have a lack of knowledge and are will to accept that fact by asking a more knowledgeable person a question.
I wouldn't give Dave a second of my time.
You’ve already given him more than that by commenting on his video.
Aww Tracy is one of the culprits of one of Dave’s rants on the air!!???? 🤣🤣🤣
And yet here you are
Bears are scary.
Given the present circumstances, is it better to invest into Real Estates or into Stocks? Which would yield better output. Considering a young mid income, short term person living in the US with less time on my hands?
If you dont poke the bear it want hurt you! I have been investing more sense its on sale.
You guys should be more mindful about the way you speak on people that believe in cryptography and blockchain technology. There are many hyper intelligent people that work in blockchain tech and believe that it is going to be a massive part of the 5th industrial revolution. It’s definitely not just a bunch of “bros” trying to get rich, as you attempt to portray it here. Do some research on what blockchain technology actually is. A person can believe in being debt free and also believe in the future of cryptography and how it is going to serve the world.
Are you sleeping soundly?
Blockchain has a useful future, but the cryptocurrencies built on blockchain will die out.
@@Jane5720 I sleep great. Thanks for asking
@@Jane5720 imagine being named “Jane”
F this I just sold all my stocks at least I have safe cash
lol
@@theamerican7131 lol
@@theamerican7131 you caught that
Better look at age demographics and millennials and GenZ earnings. Things aren’t lookin up in any significant way for quite a while at least.
Stocks are at a higher level than they ever were before Dec 31, 2020
My investments are paying higher dividends as well.
This is not really true. Some may be, but a lot are not including SPX, NDX, and Russell and Dow just about even.
Yes!
🥴
You said it all in the first minute………many people do not get that. You lose nothing unless you sell what’s on paper.
That really doesn't make me feel any better . The bottom line is that our investments have lost value, so now we have less spending power. That's really what matters to me.
Is it just me or is Dave getting meaner?
Dave recommends investing in a "good mutual fund", but he doesn't post his own investments. I think we all need to know how Dave invests his own money at this point if he is going to dispense advice.
Hey no one forces you to listen to his advice. Dave always says it's his opinion based on these facts or how he feels. But as he always says "The advice is free, and some say it's worth what you pay for it". To paraphrase George Carlin "there are to buttons, delete or scroll down."
You can easily find out by searching on TH-cam and just say Dave Ramsey mutual funds
American Growth Funds of America
@@cyrusperkins9252 sounds like “the American dodgeball association of America”
@@edwardrandolph9318 TWO