Podcast Episode 1241 – Should You Listen To Financial Guru Dave Ramsey?
Early in the episode, the hosts discuss some financial headlines, to include recent activity of Bed, Bath, and Beyond stock.
Regarding speculation of individual stock investments, Joe says “one of the biggest rules in trading is you don’t know what’s going to happen tomorrow. …Even if Bed, Bath, and Beyond right now was the world’s best company, nobody had any idea that Cohen was going to decide to sell on Thursday of last week.”
The trade-off of buying an index fund versus individual stocks is “you give up the chance to ever make a killing in exchange for never getting killed”.
Later in the episode, Joe talks with Nicole Lapin of Money Rehab about personal finance entertainer Dave Ramsey and the quality of the advice he provides to those seeking guidance.