Dave Says: Change Investing Strategy for Retirement?

Dave Ramsey

12-10-2022

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Dear Dave,

I’m 10 years away from retirement and just now starting to invest. I know you recommend mutual funds and spreading your money evenly across growth, growth and income, aggressive growth, and international. Considering what’s happened with the market recently, should I adopt a more conservative approach?

- N

Dear N,

I don’t think so. I think you just need to enjoy this ride the market’s on right now because it’s coming back up.

Now, I’m not saying that the market is going to rise dramatically every day. Things just don’t work that way. But overall, is the market coming back up? You bet it is! Don’t you wish you’d invested $1 million back on March 9? If you had, you’d be sitting on about $2 million right now!

The truth is, I don’t know where the bottom is, and neither does anyone else out there. That’s why I keep investing with a steady, long-term mindset, and it’s what I advise you to do, as well!

– Dave

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About The Author

Dave
Ramsey

Dave Ramsey is America's trusted voice on money and business. He has authored five New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, and EntreLeadership. His newest book, written with his daughter Rachel Cruze, is titled Smart Money, Smart Kids. The Dave Ramsey Show is heard by more than 8 million listeners each week on more than 500 radio stations.
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