I Have $2,000,000 In Cash and Afraid to Invest!

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[BeverleeR.Ziegler]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[LynetteHuson]

My aunt passed away, and I inherited part of her investment portfolio and cash savings. I'm 28 years old, and everyone always tells me to invest. So, what stocks are excellent long-term investments? My sole big plan is to use my gains to buy a house in five years.

[princeholgate]

One can invest in many types of endeavors such as using money to start a business or in assets such as real estate in hopes of generating rental income and reselling it later at a higher price.

[judynewsom]

I want to hold on to Cash for an entry point based on an indicator /RSI, But for a salaried person with savings of about 150k, I think an SIP may be more beneficial as holding cash for long period. But will parking cash like this provide stable returns?

[lorenzow]

I get why she says they missed the boat, because they literally missed out on MILLIONS of dollars.

[jphickory]

Ironic how many people in comments shaming these people for their financial yet they are in a better financial position than most people ever will be.

[chriswalter]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[CycleCruza]

People get too caught up with dollar figures, just live well below your means, get debt free and stay debt free and enjoy life. You will never have enough money no matter how much money you make if you chase dollars.

[lowmax]

Imagine having $2 million and being sad about it.

[Higuannn]

Sir this is an eye opener video and I would be retiring in 5 years and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90, 000 per annum but nothing to show for it yet

[gianfrancoilliano]

What this lady needs to understand is it’s better to have a $2M asset (I.E. rental properties) than $2M sitting in the bank where the value of it can only go down.

[Omikoshi]

If she invested in 2019, 2M would have been 4M if she kept it in a index fund!

What she needs to hear is “dollar cost average”. Read about it if you’re scared to invest.

[robbanks]

I have the same problem... everything seems completely over valued, from stocks to real estate. nothing seems like a safe bet.

[mattcrouch]

She missed out on a lot of money, but also missed out on a lot of stress and worry as people saw their net worth temporarily cut in half, etc.

[RicardoHernandez-zrpw]

She didn’t miss out on anything. In that case we all missed out by not investing earlier than we should have. I should have invested at 16!

[graywilliams_.]

investment is a game either you gain or you lost

[patrickbrussels]

Fascinating discussion. Is it still advisable to keep idle funds in a savings account with an average interest rate of 0.85%? I am seeking a more effective means of diversifying my portfolio, considering the prevailing inflation and the substantial tax implications associated with cryptocurrency gains. Additionally, given the recent decline in stock prices, housing, and the overall financial market, I am interested in learning the most efficient approach to make my money work for me while minimizing the impact of market fluctuations during this bear market. Do you have any recommendations or tips to share?

[waynemiller]

I like Dave's advice and analogies on this one. What can you learn from the past? And start where you are.

[jovenciosales]

That is what you call “humble bragging” Love it!

[c.t.u.o]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.