12% Myth (Answering Dave Ramsey)

The following presentation addresses an article on Dave Ramsey's web site titled "The 12% Reality—Can you really get a 12% return on your mutual fund investments?", located at http://www.daveramsey.com/article/the-12-reality/lifeandmoney_investing dated March 4, 2011.

Category:

Education

Tags:

• mutual funds
• dave ramsey
• average rate of return
• investments

[mountainfinancial]

@ccumminskc - your point here is a wee-bit flawed. You see, you'll allow Ramsey to use the numbers he uses as quoted and mentioned in this video yet when someone proves his math is disgustingly wrong you'll say we're not showing his advice. Sorry, we simply used the scenario he used. He helps a lot of people get out of debt but the moment he begins to advise on mortgages and investing he is horribly wrong and ultimately ends up costing people about 10 times as much as he helped them save.

[TheGjenvicks]

I would be interested in what the program was you used.

[mountainfinancial]

@TheGjenvicks That is the Spending Game application within the Circle of Wealth system by MoneyTrax.

[ccumminskc]

Dave helps an awful lot of people, but it is important to vary your information sources about such important things as your family's nest egg.

Unless someone is making fabulous income, they are probably investing retirement into tax deferred accounts correct? The matter of taxes only applies to general investing, which dave only recommends for those who have completed most of his baby steps, including a fully funded retirement and paid for house.

[ccumminskc]

Dave helps an awful lot of people, but it is important to vary your information sources about such important things as your family's nest egg.

Unless someone is making fabulous income, they are probably investing retirement into tax deferred accounts correct? The matter of taxes only applies to general investing, which dave only recommends for those who have completed most of his baby steps, including a fully funded retirement and paid for house.