Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up
Jun 1, 2016
7:17:46am
Acorn All-American
I actually think Ramsey does more good than harm
Edit - I just read that Ramsey directs his people to load funds (charges 5.75% commission) having assumed he directs them to vanilla, low cost index funds. If that is the case, shame on him...

I haven't listened to him much, but for some people it can be as simple as mutual funds. To suggest otherwise paralyzes people from doing anything. Think of his target audience. In reality, I think that advice, in terms of direction, is right on target.

Is he pimping funds or other investments that he gets paid for? (if so, all bets are off)

While suggesting a 12% annual return is a bit (OK, a lot) optimistic, if it gets people motivated to get started, is it really bad if they do something, but only end up with 6-8% over the long term? People's personalities and how it impacts their money management is about as varied as, well, personalities...While Ramsey's approach isn't for me, I think he does a lot of good.

Oh, but I admit, some of Ramsey's disciples around here make me a little crazy...I think that aggravation leads some of us to throw it all out with the bath water, but IMO, there is a lot of good there for certain personalities.
This message has been modified
Originally posted on Jun 1, 2016 at 7:17:46am
Message modified by Acorn on Jun 1, 2016 at 7:18:38am
Message modified by Acorn on Jun 1, 2016 at 7:19:02am
Message modified by Acorn on Jun 1, 2016 at 7:19:27am
Message modified by Acorn on Jun 1, 2016 at 7:20:21am
Message modified by Acorn on Jun 1, 2016 at 7:20:36am
Message modified by Acorn on Jun 1, 2016 at 7:21:00am
Message modified by Acorn on Jun 1, 2016 at 7:27:55am
Message modified by Acorn on May 28, 2018 at 7:07:08am
Acorn
Bio page
Acorn
Joined
Nov 25, 2004
Last login
Nov 21, 2024
Total posts
19,589 (2,435 FO)
Messages
Author
Time
6/1/16 7:35am
6/1/16 7:50am
6/1/16 8:01am
6/1/16 8:06am

Posting on CougarBoard

In order to post, you will need to either sign up or log in.