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Time to Give Dave Ramsey A Break



September 28, 2013 – Comments (2) | RELATED TICKERS: AIVSX

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:

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.

2 Comments – Post Your Own

#1) On September 28, 2013 at 11:30 PM, ikkyu2 (98.17) wrote:

Fixed income is a pretty lame place to look for a return these days, especially given the real inflation rate - the one at the gas pump and the Wal-Mart aisles.  I can't say I fault Mr Ramsay for this.

Can't say I have any use for a CFP, either.  If you can't P your own F - well, there's an old saying, a F and his money are soon P.

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#2) On October 11, 2013 at 7:12 PM, ThomasPound (81.61) wrote:


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