Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

Once upon a time, I was an eager investor. With high hopes and dreams, I diligently built my investment portfolio over the years. But as the tides of the market turned against me, my once-promising investments began to crumble. Stock prices plummeted, bonds defaulted, and my hopes faded away. With each passing day, my portfolio dwindled, mirroring the sinking feeling in my heart. I watched helplessly as my hard-earned savings vanished, leaving behind a lingering sadness and a stark reminder of the unpredictability of the financial world. I'm here again because I want to get back on track.I need ideas to get on on a recovery process.

My Investment and dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life

Let's talk about the risk involved with an 8% withdrawal rate

Actually..... There is a risk associated with "low risk" investments. It is called "opportunity risk". Also, let's factor in "inflation risk" for good measure. And don't forget Daves rant about retirement withdrawal rates, which entirely ignored "sequence of returns risk".

My thinking about money has drastically changed lately, especially since I understand how to make profits from the stock market. I just might be leaving my day job soon. It's not gambling when you master risk exposure.

Speculation is a great game when you win and a merciless one when you lose. I pallet flip, and it is a speculative game with a decent amount of known quantities.

Dave you hit everything right on the mark you're teaching me an accountant stuff that I never really thought of

We had HYSAs 10 years ago, Dave. They just were called "e-savings accounts." Or online savings account. I had several of them. ING Direct, HSBC Direct, FNBO Direct, etc. There were dozens of them and most were called "(bank name) Direct." It's how I saved my 34% downpayment on my house. At one point during 2006-2008 they were paying 6% gauranteed for 6 months. With 3-day liquidity. They are slightly quicker now. Now you get 1-2 day liquidity, but the concept is the exact same.

He says a risk pays more…. Well, more or nothing.

I really needed this!! Thanks 🙏🏾

Great advice from Dave!!

Hallelujah!! Thank you Ms. Chloe Linda Henderson!

Excellent Dave Rant segment 🎉

You know I'm born to lose And gambling's for fools But that's the way I like it, baby I don't want to live forever

He’s talking about The Investment Company of America from American Funds.

There are classes beyond 101. I have sold premium for years with high probability of success trades. Short options placed at about 45 DTE, managed at about 21 DTE. Very capital efficient.

Disses Bitcoin, BUT FIAT is what keeps people in chains. Few understand. Accumulate while you still have time...

Actually the first thing they teach you in finance 101 is the risk free rate = 3 month T bill rate. That said, The Risk Free Rate (rf) is the theoretical rate of return received on zero-risk assets, which serves as the minimum return required on riskier investments. The risk-free rate should reflect the yield to maturity (YTM) on default-free government bonds of equivalent maturity as the duration of the projected cash flows. Investment company of America mutual funds are not risk free.

I learned so much about dollar cost averaging. I got out of debt. I learned about compound interest. I learned all of this because of bitcoin and I stopped the cycle of debt and I stopped the cycle of shopping! You can say bitcoin is awful all you want, but it taught me everything I know about money and for the first time in my life, I feel like there’s a little hope! Bitcoin isn’t just the technology it’s a frame of mind. Is it high risk - yes - and I’m so grateful for finally know what wealthy people know.

I actually entered vegas with 5$ and left with 40$ and haven’t gambled since 😎

My boy Dave knows the difference between speculating and investing !

In 2022, the global net assets of US-based mutual funds were approximately $22.1 trillion. This is more than triple the $5.53 trillion in assets under management in 1998. It appears people are still putting money in Mutual Funds for those that say no one does

Good advice....

I make 5.2% and 5.3% on my money market. That is where itsat. Fully fdic insured

Mental calories! Never heard this, love it.

You cannot compare a mutual fund today from one that was created 85 years ago. In the last 10-20 years, it have not made that much. S&P beats mutual funds like 90% of the time.

A more accurate explanation could be that if you are investing, you are providing Capital to contribute to Goods and Services being produced and delivered in some way. In speculation, the production part is left out of the equation to some degree. For example if you speculate in Roulette and win, you have more money than before but there's no new production or product in existence at the end of the transaction.

Nah day trading and scalping is goldennnnnn when you learn how to read charts and have correct entries and exits

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

I rarely agree with Dave but here he is giving good info.

Something seems off about Jade. I hope she’s OK.

I honestly thought a spec house was made to "specifications". As in a non custom, plain jane home.

Nope. What is the mutual fund that earns average 12.2%? S&P 500 only got 10.80%. If *ONE* fund earned that, it was just luck. Look up survivorship bias. Some people think the fund he mentions is AIVSX. According to portfoliovisualizer, since Jan 1985, AIVSX and the S&P 500 have the exact same return. BUT, AIVSX has a 5.75% front end load. That means to invest $10,000 you have to give them $10,575. From 1985 to present, AIVSX grew to $713K whereas the S&P500 grew to $758K.

I love me some Dave Ramsey he literally saved my life and really changed my perspective on things ❤

I had a money market account with BA. They got rid of it several years ago.

So if you buy Bitcoin only cash you don’t need and hold it for a minimum of 10 years. That would be investing;) Not speculative. In 15 years Bitcoin has seen the greatest return, more than any other investment vehicle in the history of investing.

Good information

Does anybody know what is the name of this mutual fund Dave always talks about that gets him 12.2% average since 1934??

I love companies with a great yield in return. And also dividends stocks 😊

I want to go to the investing event but I don't want to pay for the same thing I can get free on KZfaq. I want to make sure I am getting some new information that is going to change my situation.

One of the very first things The Intelligent Investor by Benjamin Graham talks about is speculation vs investing. Very nice rant.

I invest in spec houses. I don’t consider it anything close to gambling. I still own a tangible asset if it doesn’t sell. You can’t say that with a stock.

Interesting. I made 112% in 4 years on bitcoin and other crypto. And I'm a boomer.

I could have bought bitcoin back in 2010 but im smart like based Dave and understand that it:s simply a foolish gamble and it could go from $70k down to $0 in a day which is why it's much smarter to put that money in 0.5% savings account

I wholesale properties as a side hustle work a full time job and opened 4 high interest savings. FDIC insured at 5.41%. Might open more in the future those will be my retirement accounts let’s gooo!!!

Dave what’s that ticker symbol

I feel like before I ever invested a dollar I understood this instinctively

Oh my god Dave! Are you saying that trading CFD's is not investing but gambling?? Oh my god I've been gambling since Covid hit in 2020!!

just some a harmless suggestion the laptop with all the decals doesnt look very proffessional.

First time I hear Dave say Bitcoin is less risk than anything. 🤣🤣 He's warming up to it, we'll get him there.

This is a very very superficial explanation of these issues. I used to think that Dave was just dumbing things down for the audience but I’m increasingly convinced that he doesn’t have a deep understanding of what he is talking about. That doesn’t mean his advice isn’t valid, it’s just not valid for the reason he says it is. Take for example his trope about how Vegas is paid for by losers. Well in some sense, everything is paid for with money that people lost. Your church is paid for with money that people brought there and now don’t have anymore. So is your local grocery. It’s pretty naïve to go to Las Vegas and expect to net a positive return off of gambling games. But contrary to what Dave says, that does happen for many people and it’s not even rare. It’s just that the overall mathematics make it a long-term, losing proposition. In other words, if you play an infinite number of roulette spins, you’ll always lose. But no one plays an infinite number of roulette spins. In fact, the vast majority of people who gamble in Vegas only play a few dozen, or most a few hundred spins. If you look at the mathematics of this, that’s not even remotely close to a random sample. You could very well win. You could also very well lose a lot more than the expected long-term loss of 6%. The exact same mathematics applies to mutual funds, except that the infinite time horizon gain is (probably) a positive number rather than a negative number. You are almost certainly not going to get the historic average of your mutual fund. You might actually get more. Or you might actually get less. This deviation could be substantial. That doesn’t mean that you shouldn’t invest in mutual funds. I do and you probably should too. But I think that even people who talk about finance all day tend to have a poor understanding of the variance mathematics involved in these investments. There is a lot of luck in mutual fund investing, just as there is in spinning a roulette wheel. The mathematical “long term” is much much longer than you think and quite likely much longer than your life. You will never reach the “long term”, you will get returns based on a much higher variance subset of that long term. It also doesn’t make any sense to say.” higher risk should equal higher return.” Risk specifically refers to the fact that your actual result may deviate from the expected result. The risk literally is the possibility that you will not get the higher return. If higher risk always equaled higher return, you should invest in the highest risk investment you could possibly find. Obviously you don’t do that.

Does anyone have the ticker for Dave's 12.2% fund?

4:35 Ramsay is spot on about crypto in that it is nothing BUT speculative but did he really just lump that in with gold? Gold will yield positive returns every single time because money will eventually be backed by it again...in a BIG way too. Gold is the only currency that is both universal AND regulated.

I lost 100k in crypto and boy it was brutal now 3 years later im starting from ground 0. Yea it hurts but thanks to Dave hes gave me some hope

For those wondering, Dave is referring to AIVSX.

The FDIC is just a few more bank failures away from insolvency. Meanwhile, inflation is outpacing your savings account. Gold is up 400% in 5 years.

So one is long term gambling and the other is short term?

Wall Street is just a giant casino.

Anyone have a guess as the fund Dave is talking about that's been around since 1934 with an average 12% return and 10 total down years? I wouldn't mind owning some of that.

Let’s talk about the risk involved putting your family in a $5000 car you buy off of FB marketplace

Fantastic guys! We made our wealth with the S&P 500 index fund. We understand it, we consistently put money in it, and that's how we've won. Not credit card points, not flipping house (we don't understand that business). Keep it simple, understandable, and virtually risk free. Boom wealth!

As someone who appreciates old school money, Dave is a dinosaur. They were smart. survived for a billions yrs and the died. I have tons on conservative investments as he suggests. Very safe and takes care of my financial needs. While "speculating" is higher risk, in the age of information you CAN in fact do very well in short term trading.

What is the mutual fund Dave mentioned that has an12.2% average returns since 1934?

As Dave talked, I thought of the political situation. We voters decided to take a chance, that is, to speculate, on the outsider businessman as president. We got Donald Trump. Sometimes you win, sometimes you lose--or as we said among Marines, "You pays your money and you takes your chances."

I know nothing about trading /investment and I'm keen on getting started. What are some strategies to get started with?

Gold is not a short term play. It’s actually the ultimate long term play……

99% of gamblers quit before they win lol

Dave will be proven WRONG once again about Bitcoin and cryptocurrencies 😂

Gold speculation is only speculating if you buy paper markets. Buying and taking physical ownership is called wealth generation.

I feel like Dave just bumped Bitcoin from gambling to speculating

Speculation is gambling? Tell that to Laszlo Hanyecz who bought two pizzas for 10,000 BTC back in 2010. If he would have maintained a long term perspective and held his Bitcoin, he would have today over $600 million. Bottom line, the higher the risk, the higher the reward, you just need to maintain a forward looking perspective.

Ramsey is the same man who says you should give away your wealth to charity, but the man won’t even bother to give his own employees a raise.

Is silver a good investment?

True

Mutual funds low gains medium risk. At least with an individual stock I can place a stop loss. Mutual funds only buy

Dave ,,, if you invested in a mutual fund or a stock fund you are speculating that the fund in your 401k will be a good investment in retirement,,, “ Not all funds “”” make money… example Cromwell fund , arkk fund,,, lost money,,, so you are gambling with your money,,,

Always lying about bitcoin! Dave hasn’t got a clue! Stick to your mutual funds ! Bitcoin has been around 15years and has outperformed every asset! We don’t jump in and out of bitcoin! It’s called HODLING !!

I'm guessing Dave is saying crypto currency has no track record because 99% of the customers didn't get into it until 2017 or later.

Bitcoin has no track record? how much was it 12 years ago dave?

So glad that the chick stayed quiet throughout Dave's talk.

Still waiting for Dave to explain why a 20 year old and a 70 year old should operate with the same risk tolerance. It’s been 30 years

Nothing wrong with cd’s or high yield..

I disagree with Gold. Gold prices have been rising since long time, infact Gold has given consistently positive returns those that beat the annual market return rate.

All investing is gambling and timing is important. Ask everyone around 2008 when they were retiring if they invested well with their 401k and IRAs when they were half of what they were compared to 1998

Single stocks are investing if you plan to hold for growth or dividend payouts. But diversification is the most important factor in investing

Where is Kristina??? Haven't seen her for a minute 🤔

Bitcoin is terrible when looking at the short term. It's way too volatile. On a 5+ year horizon however it's always looked pretty good but it does have a relatively short track record compared to something like the S&P 500 so nobody knows for sure where it will be 20 years from now.

Real estate isn’t the win you think it is either. I had 3 properties. A home shouldn’t be an investment, it’s a home. And also if you’re renting out a property, LOL that isn’t ever easy. Try having bad tenants who don’t pay on time. Or destroy your house. Or when property taxes and homeowners insurance suddenly raise. Dave pretends like real estate isn’t a gamble when it’s the biggest gamble of all.

What’s the name of the mutual fund

Any reason why Dave can’t or won’t disclose the name of this awesome growth stock mutual fund he’s always telling his listeners to go out and find to invest in themselves?

2:01 Cd's are over?

🤪🤪🤪 well that’s what happens when life deals you a bad hand. You’ve got to play it

I have Bitcoin for 5 years, not sure how is that a short term play. It's not day trade, I hold it forever. It's a Gamble, but not a short term play. Gold is pretty much safe play as well. Less gamble than buying any stock.

Index fund > mutual fund. Also why is Dave bringing up bitcoin? He has Bitcoin derangement syndrome.

I bought like 300 of bitcoin in mid 2016. At one point in like 2021 it got up to 40k. I withdrew half and left half in and now that 20k is like 27k. I dont know of any better investment.

Meanwhile my investment strategy is trying to win the lottery with a handful of pennies and wishful thinking. I mean.. who needs financial planning when you’ve got blind optimism?

Only disagreement is your take on day trading, day trading for many people is an employable profession that banks and financial institutions employee people to do. Yes some people have no clue what they are doing and it can be akin to gambling but that isn’t a blanket rule

There is no way that fund has averaged 12+% over 90 years. Stop the cap dave