{
  "id": 8903746,
  "title": "‘Bull crap’: Why Dave Ramsey says moving to conservative bond investments in old age is mathematically stupid",
  "url": "https://urgent.news/2026/09/21/bull-crap-why-dave-ramsey-says-moving-to-conservative-bond",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T10:35:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/bull-crap-why-dave-ramsey-103500321.html"
  },
  "original_language": "en",
  "account": "Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Dave Ramsey, a prominent money expert, recently expressed his disdain for the conventional wisdom regarding retirement investments. Following an exchange with a caller whose financial advisor suggested a blend of stocks and bonds as a prudent investment strategy, Ramsey took to the airwaves to challenge the notion. The caller, approaching the age of 61, had recently experienced a $8,000 loss after following the advisor's advice. Ramsey's criticism echoed throughout the financial community, sparking debate about the suitability of conservative bond investments for older individuals. Ramsey's primary concern was that the traditional asset allocation theory, which advises moving investments towards less risky assets like bonds and CDs as one ages, was misguided. He argued that these low-yielding investments fail to outpace inflation, ultimately eroding purchasing power. Furthermore, Ramsey contended that fixed-income options yield far less return than growth stock mutual funds, which historically have averaged 12.2% year-to-date against the bond market's measly 1% return. While he acknowledged the higher risk associated with growth stocks, Ramsey contended that the potential rewards far outweighed the risks, especially when compared to the \"absolute bull crap\" of simply locking oneself into a \"safe haven\" of bonds and cash. Ramsey's argument was rooted in the dual risks inherent in any investment: the potential loss of principal and the risk of failing to achieve inflation-beating returns. He maintained that if one's investments, after accounting for taxes, could produce returns slightly above 6%, they would break even with inflation. Therefore, he urged retirees not to adhere to the \"40% to 50% bonds and cash\" guideline blindly, but rather to maintain a substantial portion of their portfolios in growth-oriented mutual funds. Critics of Ramsey's stance pointed out the inherent risk in maintaining high exposure to equities, particularly in uncertain economic times. However, Ramsey's followers believed that the long-term benefits of preserving purchasing power and generating above-inflation returns would ultimately outweigh the short-term volatility. As the debate raged on, individuals found themselves weighing the merits of diversification versus concentrated growth, and considering alternative investment avenues such as gold, real estate, and private markets, all while seeking to maintain a balance between risk and reward.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Dave Ramsey has no credit score and says he couldn't rent an apartment if he tried. He doesn't care — but should you?",
        "url": "https://urgent.news/2026/09/21/dave-ramsey-has-no-credit-score-and-says-he-couldnt-rent-an-apartment",
        "published": "2026-09-21T12:15:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}