Should My Investments Be More Conservative?
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Jack is in new york. Ka, jack, welcome to the ramsey show.

Thank you very much.

Better than I deserve. What's up?

Well, i'm i'm at the age now the mid cities to where you want to get to be conservatives with your investments. However, up for retirement, however, I don't have a retirement because of life choices that i've had to make throughout the years.

So now that i'm finally the potential position to where I can start making investments, i'm afraid to make liberal investments, to make money to actually have a retirement because on at that age to be conservative. So I really don't know what to do. And let me .

help you with this, you're not at the age to be conservative. I don't know who told you that, but they were wrong.

Well, I don't have that years you .

have planning. You're only fifty o i'm not conservatively investing and i'm sixty three, so i'm investing in good growth stock neutral funds that are growing like a weed and you need to be your broke well.

i'm not broke, but I had no return. And whatsoever .

mean what how much do you have? How much money .

you I got about twenty ten and okay.

your broke. I mean for for fifty years old going into retirement that was scaring crap out of me. You need like two hundred and fifty, right? Moving on and so i'm not trying to scare you.

I don't want you to panic, but you do need to get with IT um as you say IT and you recognize that that's why you call so um what I would do is, is I the thing I have figured out, this is two things that we are afraid of. And fear is a positive thing in the situations. Number one thing we're afraid of is something we don't understand.

So the first time you set behind the wheel of a car, I distinctly remember I was twelve and dad said, moved the car around back. I left no gravel in the driveway. No one told me you weren't supposed to press down on the accelerator all way to the floor.

And so I didn't because I didn't know what I was doing. So driving a car, I didn't know how to do IT, I was afraid and was really RAID after I screwed that up, right? But now we all have been driving cars for decades and we drive and don't think anything about it's like muscle memory.

So you will learn how to do the thing and you're no longer afraid of IT. The second thing you're afraid of is something that will legitimate vely hurt you standing in the world of the internet, you should be afraid. And eighteen, we let's can turn you into a bug, right? And so yeah, that's a you bear is standing in front of you.

You should be afraid that's a good thing. But the other is just you're afraid because you don't know how. And that's the investing thing.

That's wiley dom, but it's something that can be overcome. I don't want to overcome my fear of bears. They will eat you, but I do want to overcome my fear of things I don't understand that can help me.

And the fear goes away with knowledge. So sit down with a good smart vector pro. Click that at ramsey solutions and let let the guys that we recommend begin to teach you and gradually start to understand. And as your confidence bills than you increase, you'll easily increase the amount of money you start pouring into retirement type investments. And you want to have to worry about the whole idea of conservative versus whatever will crap something you read on the internet, right?

Stand that true?

Yeah, I was just going to echo that, that right now you have no idea what you don't know, and and that IT just paralyzes you. And so I think the cooker you can get a seated with smart western prose interview several, figure out the one that you've got the best chemistry with. There's that teacher relationship going on, and you could make up some ground pretty quick.

But you gotta be aggressive. And I would say theyve, beyond just the mindset of aggressive, i'd be doing some things if I were him, to make some extra money and try to catch up. Where can I make an additional ten grand, the fifteen and twenty five, so you can play catch up and start stack in some money when you be going to see the momentum, by the way, that that is really, really exciting and you start doing more of that. A lot of people think that they ve got to have a side hostel just to pay off debt or just pay the bills. In this case, when someone is that age, to the extent that you can do some extra work and leverage your skill and experience to pour more money on top of the little fire, the bigger that fire gets out, that would be a direct chAllenge .

in this situation. It's very good. And that reminds, you know, they're walking around out there in the world.

People say these saying that are just stupid. You know, here's one of them, what you don't know won't hurt you. What you don't know will kill you.

That's a dumb but saying, you know, a lack knowledge. Knock you out, man. I mean, that are did you know like you can just stick your head in the sand? And i'm not talking about jack. I am just saying in general. But yeah, it's a big deal to know new things all the time.

Thanks for tuning in to ramsey, everyday millionaire to learn more about how to plan for retirement is a ramsey solutions dot com flash retire or click the link in the show anzy solutions is a paid non client promoter participating pros learn more razi solutions, don't com slash smart vester.