This Is EXACTLY Why We Tell People NOT To Buy Individual Stocks!

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[@HugoBergmann-lu4nd]

I stopped listening and taking stock recommendations from these KZbinrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, so you see I’m often in the red.

[@RafuqueAhmed117]

Yes, buying is one thing and knowing when to sell is another, that’s why I do my own stock valuation.

[@StacieBMui]

I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

[@StacieBMui]

The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name, She's established.

[@minekazik7997]

His fault wasn't him investing in individual stocks, but investing the money he needs in the near future.

[@yoddy0]

Yup this is the issue.

[@Markjacobs4477]

Dude had 35k cash in a savings account Ramsey is a jackass for this advice

[@andrestephenson3602]

Exactly

[@barconati]

100% Even a well diversified ETF or mutual fund can drawn down 10% or more in a given year. The car money should have stayed in cash or a money market.

[@mattcollins4550]

What happened to the advice "no one gets hurt on a roller coaster unless you get off in the middle of the ride?" The loss is only on paper. Wouldn't it be more prudent to wait for it to come back up before cashing out?

[@acruzro95]

Correct. The only way this should not be followed is if the investment is trash. Now it would be a good to switch and buy low something else

[@insideoutsideupsidedown2218]

because this isn't a roller coaster, it's a plane with both engines on fire. time to bail out.

[@MrMustangrick]

Yes, yes and yes.

[@High.Vibe.Living]

If he's OK waiting until 2030....

[@mchmer5349]

Yes

[@macromancer]

Sometimes I think DAVE wants his listeners to do something really stupid (like sell stocks right now) just to punish them for making a decision outside his program. That they deserve to loose money because they didn't follow his advice. There are a lot of times I think Dave is spot on, then there are times like this when I think he's an idiot. No matter who you follow for financial advice never never "drink all the Kool-Aid".

[@AdrianO.]

I don't necessarily agree. I think Dave knows there are plenty of other ways to make money (single stocks included), but he tried to teach the highest probability for the AVERAGE person to become wealthy. There are countless individuals who do not do Dave's exact plan and are still wealthy. Just keep in mind thay his advice is always for the average person who is typically not great with money.

[@roolyfe]

I have individual stocks in a Robinhood account

[@mchmer5349]

Thank you for articulating that, I agree with you 💯

[@200imawesome]

You a millionaire? Shut up you clearly don’t have the knowledge to be one so don’t give advice

[@michaelkalivas2204]

Dave is selling a program that he can not deviate from in anyway or else he invalidates it. That’s why he’s so ridged. In this case it’s very bad advice.

[@MiddleclassAmerican-7220]

I’m interested in investing in alternative assets but not sure how lucrative. I'd appreciate insights on their risks and potential rewards anyone.

[@PhilipMurray251]

I have a little bit of fear as markets are getting a bit too excited, you're better off seeking guidance from a license advisor

[@devereauxjnr]

Agreed, experts know when to be fearful when everyone else is greedy and vice versa. I used to handle investing myself but faced losses in 2020, thus consulted an advisor at once and as of today, I'm about 10% shy of a million dollar after subsequent investments.

[@Natalieneptune469]

that's impressive ! I could really use the expertise of your mentor . who is the person guiding you please?

[@devereauxjnr]

Personally, I get guidance from Nicole Desiree Simon, her qualifications speak for itself and most likely, the internet should have her basic info.

[@Natalieneptune469]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing.

[@rochester3]

buy high sell low dave Ramsey logic 🤣🤣😂😂🤣🤣

[@fee_ic4981]

Its Givin Crim Jamer Vibes 😄

[@monkeyman1327]

I Bonds aren’t a dumb investment. And selling stocks at a loss is pretty dumb too.

[@AthenaTheWolf]

I would only sell at a loss for tax harvesting but I agree with you

[@Chris-kq3ix]

If I maxed out the $10k in ibonds already this year, do I have to wait a full 365 days to purchase my next $10k, or can I do so on January 1st (the first day of the next calendar year)?

[@clintbarton]

@@Chris-kq3ix you can buy 10k in a year (more if you use your tax return money)

[@LAJZful]

Sell them? What on earth is Dave saying, unless he has a large amount with Peloton, he should hold. He said he invested in companies like Netflix, why not hold and potentially make his money back and then some.

[@nikhilsawant4116]

That may be because at 6:15 caller asked if he should use emergency fund or sell stocks for buying car

[@briankowald6465]

What happened to "The only one who gets hurt on a roller coaster is those who jump off in the middle of it". I would keep the stocks, hold on to the cars and start saving like crazy to replace one of them.

[@aleshahilburn9234]

My dad was convinced the Iraq money would be revalued as well. And all of what they bought is still in a safe somewhere waiting for that to happen. They even "invested" in some for all us kids and I had to talk to my husband before we got married. It went something like "if this ever happens we will come into some money (but I doubt it will)."

[@landondean4701]

Only buy individual stocks if you know what you're doing! The price you pay matters! It is not an index fund. You aee an owner of a business. Know what you are buying and for how much.

[@AJohnson0325]

There’s no need to do individual stocks or use margin. The goal is to not blow up your account long enough that compound interest starts having a significant effect. VOO and chill.

[@TheAwhi]

Truu

[@bobbobertson7568]

If you're under 40-45 definitely throw all your money in a fund a forget about it. If closer to retirement you might get more conservative, fixed income etc. You generally won't beat the market, and won't be able to time it. If you have a full time job and family you probably won't have the time to do the necessary research, and even then you'll still probably have bad returns. You'll just waste a'lot of time and have many sleepless nights. For this caller these stocks were sooo beaten up at the time, and the companies were pretty established one would've had odds in their favor in waiting for a rebound.

[@zachgreen759]

Alright, I bought the dinar thing. Sounded crazy at first but I did enough research to convince myself to put in $200. I'm so dumb I thought I was "diversifying" because my job offered a 401k.

[@kathiewest5842]

I’m trying to plan for my retirement(I have none) and I understand that a recession is where many people make money, Someone I listened to on a podcast made a profit of $150k in less than a month. I'd appreciate any tips.

[@hillaryflinch2334]

You may need to get some professional advice from an Investment planner if you need an aggressive return.

[@isaiahsaldivar2379]

@Hillary You really do sound as though it's that easy.

[@DannyGmusicc]

You guaranteed to lose if you sell at a loss

[@johncameron4194]

Love my Honda still have my 2000 one

[@benjaminpauldimedio1683]

well , i just bought a slew of dividend paying stocks on the cheap , ARR , CIM, TWO, NSL< RCS, HIX , LEO , NRO, CRF , and CLM , i just produced 10 sources of income ...

[@RJRussoVids]

Another, “Thank you for everything you’ve taught us, but now we’re doing our own plan,” call. Good luck bro! 🫣

[@athens31415]

How does the Kool Aid taste?

[@Ali-Muscle]

Lol Dave’s basically like ….. I’m not calling you Dumb, it’s more like all the decisions you’ve made were DUMB DECISIONS ! 😂.

[@darrendent8288]

Yet my oil stock I sold for 65% gain with dividends says different........

[@kennethb6211]

Dave's up there sweeting while papa Powell is going 1929. Lol

[@barbieblue3336]

Sweating?

[@EadsB7002]

I can't really complain...yes, a lot of them are down but many pay dividends..i''m not too concerned long term. I wouldn't sweat the vehicle thing...just continue to maintain a bit longer, especially if it's of the toyota or honda type. I would, however, rethink having that 3rd kid. .....My personal opinion! As i'm sure you know, kids are incredibly expensive. And nowdays.....whew! There's where a huge chunk of your money goes!

[@devindallan]

This is why you don't invest anywhere near a major part of your portfolio in high flying, 50, 100, even 200 PE multiple individual stocks or any investment that has no intrinsic value. Look for value stock with solid fundamentals, competitive advantages, sustainable business models, good cash flow and low valuations and you diversify across 30, 40, or 50+ stocks and you invest the vast majority of your portfolio in these types of stocks with very limited exposure to the high flying, high valuation speculation stocks.

[@appleforever6664]

He should have bought AAPL! Apple stock is extremely strong and can weather the recession! Buy the Hybrid Sienna! Honda is a gas hog!

[@jamescares9003]

2 years ago bitcoin was 19k, 61k today

[@MikeNapoli1989]

Preach!

[@blackspiderman1887]

Dave woke up on the wrong side of the bed that morning

[@Chris-kq3ix]

Selling the ibonds sounds like horrible advice. They are a 100% risk free investment, backed by the US Gov, and are paying a guaranteed 9.62% rate of return right now. Anyone else here think he should be holding the ibonds during this high inflationary time?

[@박철수-j7h]

They are the best thing to hold right now and few people know about them. Dave just dismisses it for no reason.

[@maorifishboy]

What mutual funds do y'all recommend? My mutual funds are all down.

[@brentbeatty4171]

Your opinion on Tim Sykes for penny stock investing?

[@PartyMan_1TF1]

Cut your losses on individual stocks and never do it again. You can't predict a major economic downturn and a bubble. The housing bubble was going to pop a second time in 2009 up until today.

[@kleetus88]

great idea, sell those stocks at the low point, makes sense.

[@FunandBudget]

Raising my hand as an Iraqi Dinar investor (because all of my "smart" friends were doing it) - uh...yeahhhh - that was a $1000 loss.

[@soapyshoe]

Selling the I-bonds during record inflation is terrible advice...

[@AFloridaMan]

Bro I remember this guy selling the dinar thing and I was like that is so stupid.

[@gregoryjones1814]

Listening to Dave cost you massive profits on FB (Meta) and Netflix…😅

[@ThatJaxsonGuy]

Absolutely dumb advice to sell out of anything at a loss. Start investing properly and wait for the individuals to get back to the break-even point, and then sell. Selling at a loss, unless the company is going into bankruptcy, is very ignorant financial advice. WTF.

[@johncameron4194]

Don’t put all your eggs in one basket

[@johnkwhite1984]

Mutual funds carry the same risk as individual stocks so dave ramsey is wrong

[@monkey39128]

You can tell that 5k loss still p*sses Dave off. 😂

[@AudraZapoticky55]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>

[@Annis-co7vu]

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,,.,.,.,.

[@Madlyn55]

how do I get in touch with this consultant that assist??>>>>

[@Annis-co7vu]

STEPHANIE KOPP MEEKS, that's whom i work with look her

[@Madlyn55]

Thanks for these recommendations.....,,,

[@ClaxtonBay123]

Selling well know stocks that WILL Rebound while they're down 50% is a horrible idea. Dave would NEVER say that about Mutual Funds. Just keep the money where it is and invest in Index funds going forward. Alibaba and Netflix WILL rebound over time.

[@MrMustangrick]

Agreed.

[@thedopplereffect00]

Not will, "probably". That's why index funds are better

[@MeetSuperDave]

Baba will Netflix is done.

[@famicomnintendo]

netflix is finished

[@thedopplereffect00]

@@famicomnintendoNetflix went woke trying to produce their original content. Basically they have to compete against everyone else now, but their new content is terrible. There is no growth there.

[@hoverboardfly1700]

The problem is not that the caller invested in individual stocks. The problem is that he invested in individual stocks with money that he should not have invested. The money he needed to buy the van should have never been put in stocks in the first place.

[@frankhernandez693]

I disagree with Dave on this one! Selling stocks right now at a guaranteed loss is an absolute no go!

[@Corn_Pops_Rusty_Razor]

Absolutely. Dave is talking out of both sides of his mouth. Mutual funds are down too, but he is telling people not to sell them bc you don't lose until you sell.

[@Jim_Curtis]

Warren Buffett also said you don't realize losses on stocks until you still them. So if they are ok companies, he should just wait and not pull the IRA funds out with a tax penalty. Just stop funding the IRA and save separately for the car.

[@bradleymaravalli2851]

It depends on what the new opportunity would be. Say, selling one stock for another stock - where the other stock has a better outlook than the other.

[@acruzro95]

@@bradleymaravalli2851 correct. But thats not what he's saying. Now is a great time to switch from a bad investment to a better one

[@annasimons389]

@@Corn_Pops_Rusty_Razor yeah I was going to say the same thing. he tells ppl not to sell the index funds but sell individual stocks at a loss? so stupid... losing respect for dave which sucks b/c he seems otherwise the voice of reason...

[@swanseawales1979]

Would love to see more information concerning Dave’s mutual funds that he keeps hyping up even in these dark days.

[@BlakeWheelersBurnerAccount]

The sun is shining again!

[@jsr1637]

Investing in individual stocks is totally fine if you are investing long term (5-10 years) in companies you believe and RESEARCH A LOT in

[@insideoutsideupsidedown2218]

you can do the same with mutual funds and they are less on the risk scale

[@mchmer5349]

@@insideoutsideupsidedown2218 mutual funds are very expensive in the long run but agreed. If you are saving to purchase something like a vehicle I would park it in an ETF for sure

[@daryltgeorge]

I agree absolutely. Nothing wrong with a balanced investment in single stocks. Just ensure you're diversified

[@toohda]

@@mchmer5349 expensive? They are so many that are free or have .001% fees, that’s not expensive

[@m_sedziwoj]

@@insideoutsideupsidedown2218 not exactly, we are talking about ~2x return in few years vs 20-100x return in few years. But buying grow stock, without looking at risk of competitors and how much TAM is left, is stupid. P/E is most important, but for grow stocks is future P/E you betting, so "oh I like them, and many investing in them" is not good investing strategy. And one more thing, never invest in individual stocks when you are planing to use this money in few years, this is not place for them.

[@MR3DDev]

I know he did wrong but telling him to sell right now is the worst advice ever. Dude needs to wait.

[@alrbredwall]

No, it's just him getting financially beaten up more. Cut the losses and do it over correctly.

[@MaNarchicDRAKE]

Great idea, hold onto an individual loser stock. Enjoy being poor

[@alinatamashevich3354]

When the boat is sinking, you get off, not ride it to the bottom.

[@IWantToMature85]

​@@alinatamashevich3354it likely will rise up

[@Markjacobs4477]

@@MaNarchicDRAKE those stocks actually quadrupled a year later

[@damarcusbeendidit]

A profound reason why you should NEVER listen to Dave when it comes to investing. He’s good at getting people out of debt but his investing advice is foolish to say the least.

[@TheAwhi]

What did he say wrong

[@bryantc1701]

@@TheAwhi to sell! Hold not sell!

[@TheAwhi]

@@bryantc1701 he’s telling you to sell so a potentially foolish investment doesn’t weigh in on your head

[@ctconstrictors5193]

The companies the caller listed will all recover. He didn't have bad investments and would be a fool to cash out at such a loss.

[@TheAwhi]

@@ctconstrictors5193 that’s subjective. That’s your guess, even if you may be right. In reality we don’t know. As a general principle, some bad investments are just better off sold just to keep your mind at peace

[@DEBattleMage]

If he was buying index funds around the top, he would still be down today

[@q.d.r.l.5480]

Precisely. Just not as much. Dave is kind of silly. But for the layman, maybe it’s healthier this way.

[@rogerwellington8829]

Not as much though

[@monkeyman1327]

He would be down significantly still. Would be getting his ask kicked like everyone else

[@acruzro95]

@@rogerwellington8829 didnt the guy says he is investing in retiremet and that the stocks are just extra money

[@acruzro95]

The mistake was not the stock. The mistake was riskimg dollars he needed for a car. This would have been a mistake had he bought real estate, 401ks or paid off his mortgage. You don't risk or sink dollars if you know that in the horizon a big expense is coming (replacing the roof, children, car replacements, etc)

[@nabeelykhan]

Why sell and not just hold on and build up more cash to replace vehicles and then invest in index funds? I can’t see why you would just willingly put the nail in the coffin on a portfolio by selling it when it’s down 50%

[@chickenrees]

nuts isnt it

[@jimroscovius]

His portfolio sucks!! It's time to invest in smart things, like mutual funds.

[@MakerBees333]

This is BY FAR some of the worst advice Dave has ever given! Until the investor sells he didn’t lose a dime. So not only will he realize the huge loss but double down and put it into ‘THE’ biggest loser of investment aka a vehicle. Maybe Dave hates this caller and personally has a vendetta against him… then again Dave tells God what he does and doesn’t deserve at the start of every call…🤦‍♂️

[@DJ_Patent]

@@MakerBees333 torn on this one. I do get what Dave is saying - if it was a bad decision then, it’s a bad decision now. Agree also that individual stocks are a loser’s game for most unless extremely disciplined, have a sizeable portfolio, and do not use margin at all. That said, man taking the loss fully seems extreme. You have to look at the stock. Is apple 🍏 never going higher than today’s close - doubtful. Funds too are getting torched - own plenty of voo, vym, schd, vti. Bad bad bad

[@mchmer5349]

Because he didn’t truly understand why he bought it.

[@JustAName-it5qp]

I buy single stocks that pays dividends. I'm at a passive 20 bucks monthly which is amazing but I'm slowly building more.

[@edd06001]

Exactly. This guy just didn't know what stocks to buy and when to buy them.

[@calvinblack9459]

Same. Dividend paying stocks with good balance sheets and long term growth or sustainability works totally fine. Buying this dip HEAVY!

[@philiptaele4894]

I'm at $15 a month with my dividend stocks. Working my way to $20 and beyond.

[@martinmi5]

WOW, $20 a month? You will be a millionaire...probably never lol.

[@philiptaele4894]

@@martinmi5 lol probably not, but who knows? I just started. My goal in time is to get to $100 a month passively and go from there.

[@jimmymcgill6778]

Nothing is wrong with signal stocks. Stock go up and down all thee time. He can just save up some money for a car. He doesn't need to sell anything.

[@THAOpeacockcichlids]

Agreed

[@MrMustangrick]

@@THAOpeacockcichlids Agreed as well.

[@barbieblue3336]

Single

[@DavidRamseyIII]

I invest in smoke signals

[@alinatamashevich3354]

@Natural Healing Methods Yes, they go green most of the time!

[@Lilbit2215]

Dave is sitting there acting like index funds haven't been down as well smh everything is down Dave nothing is exempt

[@otrebla8944]

Lol.

[@wkdravenna]

That's not true, gas is up.

[@Lilbit2215]

@@wkdravenna true lol

[@annasimons389]

yup. in fact only a handful of my individual stocks aren't down... novo nordisk, tesla, merck and pfizer. everything else is down. I am starting to really lose respect for Dave. telling someone to sell a stock when it's down is crazy. he would never say that about a mutual fund. ridiculous.

[@dialac1]

Facts

[@ColeBeasley]

Dude dave is acting like his miracle mutual funds aren't down right now. Gimme a break.

[@jamisojo]

Simple answer Cole. Which strategy makes sense in the long-term? Buying individual stocks is not a good long-term strategy.

[@blackworldtraveler3711]

Dave was into get rich quick activities . I invested in individual stocks years ago as low as $3 starting with companies like Exxon and Walmart in the 80s. Now I have over 30 stocks in my portfolios long term that are mostly oil/gas,REITs,tech,and Dividend Achievers. Prefer ETFS over mutual funds. Already have the cash for my next used car, home remodel,travel,etc. Cash for recessions and whatnot,large emergency fund,and zero debt.

[@weswest8666]

Oil and gas ftw

[@jimroscovius]

@@weswest8666 Most people don't get that lucky.

[@MrMustangrick]

BWT here here rock on.

[@brandondaniels9471]

For every story like this, there are prob 100s of ppl who lose money trying to do what you did.

[@mattthebulldog5839]

You made your own mutual fund. Haha

[@q.d.r.l.5480]

You just need more cash. Because now you could keep buying these dips of major companies that will be around when the dust clears. The only mistake he made was thinking he had enough dry powder to go individual stock fishing. But “sell it all at a low” is stupid advice.

[@Corn_Pops_Rusty_Razor]

He also made the mistake of investing money he was saving for a car

[@bartlemi5]

This all just shows you how easy it is to win when you have a lot of money at your disposal. Can just keep buying the dips without any need to worry about quick returns as you are rich enough to have the patience to wait. For everyone else.....it requires a more disciplined approach.

[@q.d.r.l.5480]

@@bartlemi5 agreed on that point

[@d_all_in]

@@bartlemi5 he has it in an IRA. You'd have to be patient anyways if it's supposed to be for retirement.

[@GunGlutton]

Is Dave okay? He’s been giving a lot of whack information lately.

[@sheilaboyer6351]

noticed that. He said now is the time to buy a home. If you have enough money to pay high - why would you buy now, when he is all about being debt free - I don't follow him just listen to some of the wacky advise of him. Maybe he wants the attention. Just don't understand why anyone would pay this man for advise. Be your own advisor. Do your own homework, it's your money.

[@vinnieboombotz2001]

Buy high, sell low. Not the brightest idea Dave. Hold future purchase on individual stock. Watch them carefully. Start investing in more diversified mutual funds or ETFs.

[@alinatamashevich3354]

His boat is sinking

[@keazy1983]

Do Dave know what I bonds are? Why would he tell the man to cash out I bonds or say it's a dumb investment when it's giving 9.62% guaranteed🤦🏾‍♂️

[@insideoutsideupsidedown2218]

no such thing as guaranteed.

[@RozeeBeez]

Yeah, I don't get that either.

[@AP-uk4di]

He doesn’t know lol. Also physically can’t cash them out for a year

[@Chris-kq3ix]

If I maxed out the $10k already this year, do I have to wait a full 365 days to purchase my next $10k in ibonds, or can I do so on January 1st (the first day of the next calendar year)?

[@mchmer5349]

Dave’s investment advice is unwise, that’s why

[@ClaxtonBay123]

Here comes this video as I watch Amazon waiting for it to crash more so I can buy 😂😂. I just need to stick to my SP500 index fund.

[@krobdawg]

Dave always says the only ones that get hurt during a rollercoaster ride are the ones that jump off yet he is telling this guy to jump off

[@lafrugalistefutee6221]

Crazy.

[@yayyareaa2997]

Or just buy more stock 😅

[@thegreatgatsby9583]

ETFs > Mutual funds.

[@davidgarza995]

@@thegreatgatsby9583 only in taxable account

[@glowiever]

@@thegreatgatsby9583 what about index fund?

[@chukuemekaoje1015]

Ideally, it's not a great idea to have a bulk of your funds in single stocks. Even if you buy different individual stocks, you aren't really diversified. Index funds would have been better (less risk, but less volatility), especially for the situation the caller is in. Single stocks, ideally, should be a small part of your investments. Why? Cause when they fall, they REALLY fall. Also, Series I bonds should NEVER be considered an investment vehicle, but rather a (slightly less liquid) savings vehicle that offers some protection from inflation.

[@thegreatgatsby9583]

@@glowiever ETFs >Index funds >Mutural funds imo

[@ellasoes8325]

I don't understand why you are telling him to cash out when the stocks are low🤔

[@harrykam28]

That’s the stupidest advice ever from Dave… you only lose when you sell. Right now is called a “dip” take advantage 😉

[@ellasoes8325]

@@harrykam28 I am surprised. Dave says many times to hold thru the lows and the loss only happens if you sell. So I don't know what happened here. I hope they explain why they gave this advice to sell and get out.

[@MrColonelbbc]

Well this video didn’t age well… hope he held on to that meta and Netflix stock…. Amazing what can happen in a year…. Diamond hands 😂

[@emayhand]

Horrible advise, Dave. His stocks will be fine. His mistake was using money he was not prepared to lose. Plain and simple.

[@morgannekenney517]

What is this advice 😂 sell at a low during a recession only because Dave doesn’t like single stocks

[@neomage2021]

Dave is good at getting people out of debt with basic advice, but his investing advice is absolutely terrible.

[@cineshop9613]

Suggesting him to sell his stock now is like telling him to jump off the rollercoaster which is terrible advice. The individual stocks he has are amazing companies that will regain value but it is impossible to know when they will regain their value.

[@insideoutsideupsidedown2218]

it's not a roller coaster he is on, it is a 2 prop plane with both engines on fire. Time to bail out.

[@monster-pq7ln]

The roller-coaster theory applies to a diversified portfolio that is more resistant to loss over the long term. He has his eggs all in one basket. He's better off moving that money into a better investment.

[@djpuplex]

Only Ramsey preaches his way. If this guy had mutual funds and they were down would he preach he sell.

[@alexandervelasquez1830]

Sunk cost fallacy

[@Lon1001]

The individual stocks he has are on fire and those companies are going to be forgotten in a few years. The tech sector as a whole will certainly recover, but if he was trying to pick the winners he accidentally picked the losers.

[@wickedbird1538]

Part of the problem was the caller invested in single stocks for a short term investment. Now he needs the money and the stock is in a low period.

[@Uchihawallstreet]

Dave couple of episodes before this one: “You don’t lose until you sell.” Also Dave: “sell them now” Make it make sense please because everything is down smh

[@Ronyron3053]

Everything isn’t down oil is up, gas is up, and etc. you have to do hard research

[@mchmer5349]

He’s def Pushing a narrative

[@michaelbhim7585]

Dave is old . The right move would be to buy dip and average down On your losing stocks.

[@Ronyron3053]

@@michaelbhim7585 agreed

[@mrihustle]

😂😂😂

[@mistiinseattle]

I can't believe he is telling this guy to sell stocks right now! Those of us with mutual funds handled through excellent advisors are also getting our butts kicked right now but holding out for a hopeful recovery!

[@IWantToMature85]

You're right, Misti! He probably wouldn't say this if it was mutual funds.

[@dannyo.7119]

I would diversify my stock even more lol

[@magnumend88]

One of the best things I did was try to buy and sell single stocks with $500 just to see how good I was at it. I acted like it was $50000. I now only invest in mutual funds.

[@allymacky4039]

Lol

[@MoneyTalkwithMP]

Warren Buffet said Buy when everybody is selling. That is the time we are in now. Selling now is a bad advice in my opinion and have to disagree with Mr.Ramsey on this!

[@calvinblack9459]

Facts! Buying heavy heavy right now for rest of the year!

[@MoneyTalkwithMP]

@@calvinblack9459 Yes Sir!

[@jamisojo]

He probably meant get out of those ridiculous individual stocks and buy mutual funds like an intelligent human being.

[@NicholasBall130]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@cowell621]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.

[@LiaStrings]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

[@FarrahBaker467]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@LiaStrings]

“Sharon Lee Peoples”’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@quairan2099]

Don't sell the stocks dude lol. You are going to regret it. Trust me. I know from experience.

[@johnpoulos9199]

He's always quoting Warren Buffet, but yet he doesn't believe in buying single stocks!?

[@barconati]

Dave advised the guy to sell at the absolute bottom for both Meta and Netflix. Two years later those stocks are up 190% and 260% respectively.

[@LuiggiChampan]

Yuppp but you can tell the caller doesn't know anything about value investing so he should stick with Dave's advice or cheap index funds (S&P). No long term view and probably doesn't know nor researched much of the companies.

[@barconati]

@@LuiggiChampan yeah. If you don’t know why you’re in the stock in the first place you’ll lack conviction and sell during the first correction.

[@dguz6739]

Well that Bitcoin take didn’t go over to well now 🤣

[@noblegirl1991]

In general Stocks go up in the long run. If you are a long term investor you will be fine.

[@brandondaniels9471]

Depends on the stock tho. This is why Dave and most investment experts emphasize diversification.

[@perspectiveflip]

Buy high sell low.... This advice is exactly why people lose money trading.... Do the opposite and single stocks are fine

[@Farewell_n_Adieu]

This is absolutely wrong. You don’t become diversified overnight, but that’s why you do your research. This is BUY AND HOLD, not day trading. The guy he mentioned, Buffett does this very thing.

[@klassic3143]

Horrible advice. META & Netflix are at ATH’s. Hopefully this guy had diamond hands. lol 🤲

[@OBI-KONOBI-ISRAEL]

Yeah please no body listen to this advice NEVER SELL when your stock is down def when its more of a inflation economical situation then a company situation. If you sell when your mutual stocks are down and single stocks as well then don't invest. Thats how he could have saved money just don't invest and put it in savings account lol. any investment boggles between highs and low's and if that's too much for you or anybody then DON'T INVEST.

[@karimelmoutawakil7295]

I respectively disagree Dave.He both high quality stock at a bad time and high valuation. His loss will be confirmed only if he sell. I recommend for him to actually be patient for a rebound before he sell, or buy even more to average down (Only because those are good companies and they have tremendous cash flow).

[@Ocphoneplug]

Why would he say sell tomorrow what a dum idea to sell near the bottom. This is horrible advice about to unsubscribe he thinks he know everything but is wrong 80% of the time lol

[@sbkpilot1]

Wait... why are ibonds dumb? They are yielding almost 10% risk free

[@SeanBaker]

I Bonds are definitely not a dumb investment.

[@jake-mv5oi]

Especially right now... making 7-9%...

[@MrMustangrick]

@@jake-mv5oi yes but limited to $10k per year per person.

[@Chris-kq3ix]

​@@MrMustangrick If I maxed out the $10k already this year, do I have to wait a full 365 days to purchase my next $10k in ibonds, or can I do so on January 1st (the first day of the next calendar year)?

[@JeanValjean875]

@@Chris-kq3ix Jan 1st. It's based on the calendar year. You may also be able to buy up to another $5K worth if you get a tax refund.

[@Chris-kq3ix]

@@JeanValjean875 Thank you!

[@slevinlucky3240]

On Bitcoin: it will recover like it did many times and this won’t age well. I’ll make sure to come back here once it does 😂

[@itchyisvegeta]

Selling to buy a van? Dumb. Selling to reallocate to better investments? Not so dumb.

[@justwait9822]

Bitcoin is up over 150% since this video...good call dave.

[@GreatJake802]

Think it’s bad advice not to pick individual stocks. It’s worst advice to sell when they are down. If your money is in solid companies with little fundamental issues and the over all market is down then you should be buying more and aggressively (if you can)! Knowing historically the market will probably recover and beat its highs then I would not sell and if you can buy more on the cheap. Now I’m not suggesting to buy individual shit companies but you can’t tell me if Apple or Microsoft or Facebook is down 30 to 40 percent down with no fundamental issues and the overall market is just down that you should sell them now. Terrible idea Dave!

[@damondiehl5637]

March/April 2020 was a huge opportunity, even for ETF stocks

[@zackarystewart9214]

If the company doesn’t have debt, has a 4-6% dividend and has an actual profit every year, then buy more.

[@Dividendsmattertoo]

Exactly this guy probably bought Netflix at the top

[@sblijheid]

@SavageInvestor I have the feeling he rid buy at the top, but how does this advice help him? I think he should sell them just because he doesn't understand business in general or the business of investing. He's about to lose his shirt for lack of understanding.

[@HoneyWindbutton]

Dave’s Bitcoin comments haven’t aged well 😂

[@jayman5692]

lol I hope he didn’t sell them stocks. Because the market is up right now.

[@FrankS111]

MANY growth funds are down 40% or more from highs. FJB

[@MattyVice]

My sisters boss’s BF (when she was in high school working at a daycare) tried to get all of them into the iraqi currency thing too. I thought stupid was concentrated in certain areas only

[@martinmi5]

I highly disagree with Dave, I became a Millionaire because of single stocks.

[@Chilakilos]

Yeah like it makes more sense to be to buy individual companies that you truly believe in and that make $

[@martinmi5]

@@Chilakilos I agree with you.

[@drn13355]

I love when they start out "I follow your plan totally and It worked great". Then they go right into how they didn't follow the plan.

[@Markjacobs4477]

The absolute worst advice Ramsey has ever given