About this Video

• Video Title: ‘Ride the coaster’: Dave Ramsey shares message of calm amid stock market storm
• Channel: Fox Business
• Speakers: Jackie, Dave Ramsey
• Duration: 00:05:24

Introduction

This Fox Business interview features Dave Ramsey offering advice on navigating stock market volatility. He emphasizes maintaining calm and avoiding panic selling, encouraging long-term investment strategies.

Key Takeaways

• Long-Term Perspective: Ramsey advocates for a long-term investment strategy, advising against impulsive reactions to market fluctuations. He points to historical data showing market recoveries from significant drops.
• Avoid Panic Selling: The core message is to avoid selling during market downturns. Ramsey states that losses are only realized upon selling.
• Historical Context: Ramsey uses examples like the 2020 pandemic market crash to illustrate that markets recover. He notes that even with the recent drop, long-term returns remain positive.
• Strategic Buying: While not recommending trying to time the market, Ramsey suggests that periods of high volatility (as indicated by the VIX index) historically present potential buying opportunities.
• Diversification (Near Retirement): While Ramsey himself maintains a long-term stock investment strategy, he acknowledges that those nearing retirement might consider diversifying their portfolios with less risky options like bonds.