“Your theory breaks down because you've got it invested poorly because you believed in this mythology called asset allocation. You move it all day into bonds when you turn 65, which is dumber than hell.”
Dave Ramsey · The Ramsey Show · Make Decisions Based on Facts, Not Fear
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What was described
state that moving heavily into bonds at age 65 is “dumber than hell” and will hurt returns
Said nearby on the same subject
“When 10 year notes were at 65 basis points, there was no value in owning bonds whatsoever. For one, they had a negative expected return. And two, they couldn't rally if the economy went in the trash. Now, they belong in the conversation.”
AC
Andy Constan
Monetary Matters with Jack Farley ·
How they work10-year yields were at 65 basis pointsShare this moment
“One of the things that teaches you something, you take, okay, our car payment is 500 bucks. Okay. Well, 500 bucks invested from age 25 to age 65 is $6 million.”
DR
Dave Ramsey
The Ramsey Show ·
Hard number$500 per month, $6 million total from age 25 to 65Share this moment
“Our portfolio is 80 equities, 20 debt. ... we will be compensated more and make more money effectively off equities than we will bonds.”