Dave Ramsey says most millionaires just copied the guy in the next cubicle — not debating the perfect portfolio
View original at finance.yahoo.comDave Ramsey says most millionaires just copied the guy in the next cubicle — not debating the perfect portfolio Jackson Laizure/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Investors can still find mutual funds that outperform the market; his preferred strategy is a mix of growth-oriented large-cap, mid-cap, small-cap, and international funds that have demonstrated long-term success relative to their benchmarks, which can generate slightly better returns than the S&P 500.
60% confidenceFewer than half of individual mutual funds in the growth mutual fund sector outperform the market.
60% confidenceNearly 50% of Americans are making one big Social Security mistake.
60% confidenceJP Morgan forecasts gold will reach $6,000 per ounce before 2027.
60% confidence100% of people who invest end up with more money than those who don't, every time.
60% confidencePeople should 'shut up and invest' because those who invest end up with more money than those who don't, regardless of the specific vehicle chosen.
60% confidenceLong-term market outperformance by active fund managers is the exception and not the rule.
60% confidenceMany people are stuck in analysis mode while their wealth-building years slip away; people with opinions about investing often have no money.
60% confidenceBased on the National Study of Millionaires, many millionaires are just regular people who picked their mutual fund based on what the person in the next cubicle was doing — the key was they were investing, not just talking about it.
60% confidence