Time to Give Dave Ramsey A Break
This month's money magazine is highlighting a twitter war that broke out between Dave Ramsey and some CFPs. It regarded is all equity approach to mutual fund investing. While FINRA suitability recommends that one include fixed income investing in relation to one's age and financial goals, there is room for Mr. Ramsey's allocation approach, as long as one understands the risks involved.
I say more about this topic here: http://tdpresearch.wordpress.com/2013/09/28/defending-dave-ramsey-mutual-fund-philosophy/
His approach will make money for one over time. Since 1997, I found an annual return of around 8%, BUT that includes a near 38% drop in 2008. One must clearly understand that, before initiating such an aggressive approach. Buyer beware and be aware.