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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Dave Ramsey Tells US Retirees to Dump Bonds as Stocks Soar 12% and Bond Funds Lose Money This Year

Dave Ramsey Bonds United States Ramsey Solutions
Ramsey's latest views on bonds align with his longstanding investment philosophy. (Credit: YouTube)

Financial guru Dave Ramsey challenged one of the most popular trends in retirement investing: that Americans should move a large portion of their portfolios into bonds as they get older.

During Wednesday's episode of The Ramsey Show titled 'Short-Term Pain, Long-Term Peace,' Ramsey said that conventional wisdom isn't wise, specifically highlighting the standard rule of slowly weighing your investment portfolio towards bonds as you age.

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