Listen: Dave Ramsey, Scott, SNL discussed on The Dave Ramsey Show
"Scott, welcome to the Dave Ramsey show. Yeah. Heyday, thank lift them, sixty one. We have Reggie book, my wife, and I both read it discussed it. We have no debt on anything credit card debt. We've live very simply we saved invested everything. We've got our our broker. Continually pushes us to move to really low return, low risk investments telling us that. Hey, you know, now that you're sixty or whatever I plan to work for a few more years, and I'm just not I just don't understand why I would want to shift the bond T-Bills and other things went actually if you know if I plan on living for a while, I just as soon with an aggressive investment strategy. So I just wanted to see what you thought we're on that. I agree with you the. Basically, the SNL occasion model is a model that when you're young you invest aggressively, and and progressively as you get older, you get more and more and more conservative to where by the time. You reach age sixty five you're pretty much in bonds money markets, and some maybe blue chip type stocks that kind of thing that's the standard model that most of the financial planning community buys into the problem, natural planning community is it's often a bunch of lemmings they follow each other. And sometimes right off the cliff. So I'm a contrarian question. Everything on the little boy says why and so my theory is simply this by the way, I'm fifty eight and I will be investing. What you call aggressively the rest of my life. It's not really aggressively by the way aggressively is the roulette wheel or the poker table in Vegas aggressively is playing single stocks. We're not doing anything with super high risk here. We're buying mutual funds. That are good growth stock mutual funds with long track wreck. Kurds and we're riding the market because and here's why I think the allocation model is who we like you said you're gonna keep working you're gonna be living awhile you've got enough room in your overall net worth to absorb some volatility up and down not bunches. We don't lose half of your net worth. But I mean, if you have a swing of ten percent or something in one year, which would be huge weird year in the stock market, but you could have that. But here's the problem. If you're sixty five statistically, the average death age of a male in the US is seventy six female seventy eight okay that includes infant mortality and teenage death by the time. You get the sixty five the actuarial table say you're."