1 00:00:32,530 --> 00:00:36,159 Suze: May 22, 2022. 2 00:00:37,440 --> 00:00:38,230 Suze: Oh hi 3 00:00:38,229 --> 00:00:41,160 Suze: everybody. This was a hard week I think. 4 00:00:41,740 --> 00:00:43,690 Suze: And the reason that I think it was hard is 5 00:00:43,690 --> 00:00:48,160 Suze: that more and more as you are turning on your news, 6 00:00:48,170 --> 00:00:50,420 Suze: you are seeing the markets are going 7 00:00:50,420 --> 00:00:55,470 Suze: down, we're down 1165 points. We're this we're that because 8 00:00:55,480 --> 00:00:57,040 Suze: everybody really, 9 00:00:57,050 --> 00:00:58,060 Suze: everybody 10 00:00:58,640 --> 00:00:59,959 Suze: is freaking out 11 00:01:00,540 --> 00:01:02,209 Suze: and on some level 12 00:01:02,220 --> 00:01:03,360 Suze: rightfully so 13 00:01:03,840 --> 00:01:04,340 Suze: because 14 00:01:04,340 --> 00:01:06,649 Suze: there really aren't any answers 15 00:01:06,750 --> 00:01:09,450 Suze: To solve the two problems. 16 00:01:09,940 --> 00:01:12,459 Suze: The big problems that we're in right now 17 00:01:12,940 --> 00:01:16,150 Suze: and those two big problems are inflation 18 00:01:16,740 --> 00:01:19,160 Suze: and a supply shortage. 19 00:01:19,940 --> 00:01:21,260 Suze: And I don't know, 20 00:01:21,640 --> 00:01:23,980 Suze: I don't know how they're going to get either of 21 00:01:23,980 --> 00:01:26,560 Suze: those problems to go away. Honestly, 22 00:01:27,240 --> 00:01:29,550 Suze: it's going to be far more difficult 23 00:01:30,240 --> 00:01:33,800 Suze: than any of us have any ideas And as long 24 00:01:33,800 --> 00:01:37,630 Suze: as there is a supply shortage meaning we can't get 25 00:01:37,640 --> 00:01:40,610 Suze: the food, we can't get the stuff that cars are 26 00:01:40,610 --> 00:01:42,450 Suze: made out of whatever it may be 27 00:01:43,040 --> 00:01:45,160 Suze: as long as we can't get it. 28 00:01:46,040 --> 00:01:48,810 Suze: The price of those things are going to go up 29 00:01:48,820 --> 00:01:50,260 Suze: and up and up 30 00:01:50,880 --> 00:01:54,190 Suze: as you know recently. And I will post pictures on this. 31 00:01:54,190 --> 00:01:56,060 Suze: I forgot to do it to tell you the truth 32 00:01:56,640 --> 00:01:57,750 Suze: that KT 33 00:01:58,340 --> 00:02:03,060 Suze: wanted to have a greenhouse built for her garden and 34 00:02:03,060 --> 00:02:05,980 Suze: not a greenhouse out of glass, but like one of 35 00:02:05,980 --> 00:02:10,340 Suze: those pool enclosures that have screens on them. She wanted 36 00:02:10,340 --> 00:02:13,989 Suze: that over her garden. So all the little wild animals 37 00:02:13,990 --> 00:02:17,600 Suze: that live on the island couldn't get to her plants 38 00:02:18,139 --> 00:02:21,970 Suze: and we did that and I was talking to Manuel 39 00:02:21,980 --> 00:02:27,190 Suze: who came over from Florida to build this for us. Fabulous, 40 00:02:27,360 --> 00:02:28,960 Suze: fabulous person. 41 00:02:29,540 --> 00:02:33,560 Suze: I said Manuel, if we had done this a year ago, 42 00:02:34,040 --> 00:02:37,060 Suze: how much would it have cost us compared to today? 43 00:02:37,740 --> 00:02:39,730 Suze: And he said, oh Suze, it would have been at 44 00:02:39,730 --> 00:02:43,760 Suze: least half of what you're paying right now. And I said, 45 00:02:43,760 --> 00:02:47,730 Suze: why is that? He said Suze, I can't get any 46 00:02:47,730 --> 00:02:51,950 Suze: supplies and the cost of my supplies to even do 47 00:02:51,950 --> 00:02:54,960 Suze: something like this is so much higher 48 00:02:55,040 --> 00:02:57,950 Suze: what they're charging me. So I have to charge you. 49 00:02:58,540 --> 00:03:02,859 Suze: So supply issue is a really big problem. 50 00:03:03,440 --> 00:03:05,840 Suze: And the reason that I'm saying that I don't think 51 00:03:05,840 --> 00:03:09,750 Suze: that problem is going to go away anytime soon is 52 00:03:09,750 --> 00:03:10,760 Suze: because 53 00:03:11,940 --> 00:03:16,940 Suze: over the years we became so dependent on making sure 54 00:03:16,940 --> 00:03:19,650 Suze: that we were able to get the goods at the 55 00:03:19,650 --> 00:03:22,540 Suze: cheapest cost so that more money could be made and 56 00:03:22,540 --> 00:03:26,060 Suze: blah blah blah blah. We became totally dependent 57 00:03:27,139 --> 00:03:31,960 Suze: on places like China to manufacture everything that we needed. 58 00:03:32,540 --> 00:03:36,760 Suze: And what's sad about that is that China 59 00:03:37,140 --> 00:03:39,450 Suze: has totally locked down 60 00:03:40,140 --> 00:03:42,430 Suze: so we can't get the supplies because most of them 61 00:03:42,430 --> 00:03:43,760 Suze: aren't working right now 62 00:03:44,540 --> 00:03:46,460 Suze: when they do open up 63 00:03:46,940 --> 00:03:50,960 Suze: and they start to do everything and manufacture everything again. 64 00:03:51,440 --> 00:03:55,110 Suze: Can you imagine the shipping problem now that we're going 65 00:03:55,110 --> 00:03:58,850 Suze: to recreate because everybody wants to order 66 00:03:59,240 --> 00:04:02,860 Suze: and we still haven't solved the shipping problem once the 67 00:04:02,860 --> 00:04:03,760 Suze: ships get 68 00:04:04,140 --> 00:04:06,840 Suze: to the United States, how to unload them. That still 69 00:04:06,840 --> 00:04:08,360 Suze: hasn't gotten that much better. 70 00:04:09,240 --> 00:04:09,750 Suze: So 71 00:04:10,140 --> 00:04:12,940 Suze: this isn't a problem that's going to go away for 72 00:04:12,940 --> 00:04:14,250 Suze: a long time. 73 00:04:15,340 --> 00:04:18,320 Suze: So I could sit here and I could tell you 74 00:04:18,320 --> 00:04:21,420 Suze: all the effects that this had on that and blah 75 00:04:21,420 --> 00:04:24,250 Suze: blah blah blah blah blah blah. But the real truth 76 00:04:24,260 --> 00:04:25,860 Suze: of the matter is 77 00:04:26,540 --> 00:04:31,260 Suze: we have to figure out what do you do during 78 00:04:31,260 --> 00:04:32,750 Suze: times like this? 79 00:04:33,640 --> 00:04:38,290 Suze: And I thought about my career and all the years 80 00:04:38,310 --> 00:04:42,930 Suze: that I've been either on the air or mainly when 81 00:04:42,930 --> 00:04:46,560 Suze: I was a financial advisor. Actually seeing clients, 82 00:04:47,440 --> 00:04:50,110 Suze: what did they do, what did we need them to 83 00:04:50,120 --> 00:04:53,760 Suze: do over all of these years? 84 00:04:54,339 --> 00:04:57,800 Suze: And one thing that I realized a long time ago 85 00:04:57,810 --> 00:04:59,950 Suze: and I'll tell you a story about it 86 00:05:00,339 --> 00:05:04,960 Suze: is that it's not exactly what the economy does, 87 00:05:05,640 --> 00:05:09,360 Suze: it's what we do with the money that we make 88 00:05:09,460 --> 00:05:10,950 Suze: was the key 89 00:05:11,390 --> 00:05:13,650 Suze: to whether a family could live 90 00:05:14,440 --> 00:05:17,660 Suze: in retirement easily or was it going to be a 91 00:05:17,660 --> 00:05:18,960 Suze: struggle for them. 92 00:05:19,540 --> 00:05:22,150 Suze: So it was years and years and years ago 93 00:05:22,540 --> 00:05:26,469 Suze: when I was doing the retirement planning for Pacific Gas 94 00:05:26,470 --> 00:05:29,870 Suze: and Electric. Now I know I've told this story before, 95 00:05:29,880 --> 00:05:32,280 Suze: but I really want to tell it again because it 96 00:05:32,290 --> 00:05:33,660 Suze: brings it home. 97 00:05:34,740 --> 00:05:38,960 Suze: Hundreds and hundreds of people came to me 98 00:05:39,339 --> 00:05:42,550 Suze: to do their retirement planning for them. 99 00:05:43,339 --> 00:05:45,760 Suze: But what really always fascinated me 100 00:05:46,540 --> 00:05:47,650 Suze: was this, 101 00:05:48,140 --> 00:05:50,659 Suze: there were employees 102 00:05:51,100 --> 00:05:52,589 Suze: that when they retired 103 00:05:53,339 --> 00:05:57,860 Suze: Had a few $100,000 at most in their 401K. 104 00:05:58,240 --> 00:06:01,960 Suze: And their pension would be about $2,000 a month. 105 00:06:02,540 --> 00:06:06,460 Suze: Besides that they didn't have a lot of money. 106 00:06:07,140 --> 00:06:11,159 Suze: And when we sat down to do their planning for them, 107 00:06:11,839 --> 00:06:15,360 Suze: they were easily able to retire and their money would 108 00:06:15,360 --> 00:06:19,589 Suze: last them given their lifestyle for the rest of their lives. 109 00:06:19,740 --> 00:06:22,560 Suze: And you know, I still hear from many of those 110 00:06:22,560 --> 00:06:25,910 Suze: people believe it or not. And they always write me 111 00:06:25,910 --> 00:06:29,270 Suze: and say thank you Suze, we're doing so great, I 112 00:06:29,270 --> 00:06:30,560 Suze: can't even tell you. 113 00:06:30,740 --> 00:06:32,860 Suze: And I always write them back and I say, 114 00:06:32,940 --> 00:06:34,160 Suze: don't thank me 115 00:06:34,839 --> 00:06:36,060 Suze: thank you 116 00:06:36,440 --> 00:06:39,070 Suze: for the way that you spend money, the way that 117 00:06:39,070 --> 00:06:42,460 Suze: you save money, the way that you live life. 118 00:06:43,640 --> 00:06:46,160 Suze: And I always compared those people 119 00:06:46,540 --> 00:06:50,280 Suze: with the really high paid executives that would come in 120 00:06:50,279 --> 00:06:51,060 Suze: to see me. 121 00:06:51,839 --> 00:06:53,460 Suze: And those people, 122 00:06:54,339 --> 00:06:57,760 Suze: They had millions of dollars in their 401 case 123 00:06:58,140 --> 00:07:02,850 Suze: They had pensions of $13 $14,000 a month. 124 00:07:03,339 --> 00:07:06,360 Suze: And because of their lifestyle 125 00:07:07,240 --> 00:07:10,150 Suze: they could not afford to retire. 126 00:07:10,640 --> 00:07:14,060 Suze: And if they continued to live that lifestyle 127 00:07:14,740 --> 00:07:17,830 Suze: given what was about to come in the future years 128 00:07:17,840 --> 00:07:20,460 Suze: and continue to do the things that they did, 129 00:07:20,840 --> 00:07:23,150 Suze: they would eventually go bankrupt. 130 00:07:23,540 --> 00:07:26,260 Suze: And I am sure that many of them did. 131 00:07:26,940 --> 00:07:29,760 Suze: And I feel like on some level 132 00:07:30,240 --> 00:07:32,250 Suze: we're kind of there again 133 00:07:33,340 --> 00:07:38,050 Suze: because what's key to your success here in my opinion 134 00:07:38,540 --> 00:07:42,420 Suze: isn't necessarily what you do with the money that you 135 00:07:42,420 --> 00:07:43,630 Suze: have invested. 136 00:07:44,240 --> 00:07:47,960 Suze: It's what you do with the money that you are making. 137 00:07:48,640 --> 00:07:51,960 Suze: And I really think at this point in time 138 00:07:52,540 --> 00:07:58,070 Suze: it's very important to conserve conserve conserve now. I know 139 00:07:58,180 --> 00:08:01,310 Suze: in a previous podcast I said the number one thing 140 00:08:01,310 --> 00:08:03,540 Suze: I wanted you all to do was cut back on 141 00:08:03,540 --> 00:08:07,190 Suze: your expenses and conserve and I'm sure that went in 142 00:08:07,190 --> 00:08:08,650 Suze: one ear and out the other 143 00:08:09,240 --> 00:08:11,660 Suze: and that is because most of us, 144 00:08:12,140 --> 00:08:15,780 Suze: I think things aren't gonna change, it's gonna be okay, 145 00:08:15,790 --> 00:08:18,300 Suze: we'll get out of this. I still have a paycheck 146 00:08:18,300 --> 00:08:20,660 Suze: coming in. What's the big deal? 147 00:08:21,340 --> 00:08:24,660 Suze: I'm sure that there are many people out there 148 00:08:25,040 --> 00:08:28,900 Suze: That retired earlier. They decided they had enough money in 149 00:08:28,900 --> 00:08:33,099 Suze: their 401Ks that it would be able to last them forever. 150 00:08:33,110 --> 00:08:35,380 Suze: That as long as they got a four or 5% 151 00:08:35,380 --> 00:08:38,260 Suze: growth rate on it or whatever they would be okay. 152 00:08:39,040 --> 00:08:43,770 Suze: But many of those people have never experienced what we 153 00:08:43,770 --> 00:08:45,959 Suze: are experiencing right now 154 00:08:46,440 --> 00:08:50,400 Suze: and what we're experiencing right now in a very certain 155 00:08:50,400 --> 00:08:50,959 Suze: way 156 00:08:51,540 --> 00:08:54,750 Suze: is worse than before. The pandemic 157 00:08:55,140 --> 00:08:59,250 Suze: is worse on certain levels than 2007 and 2008, 158 00:08:59,740 --> 00:09:04,610 Suze: Worse than many of the times that we went down significantly, 159 00:09:04,730 --> 00:09:08,420 Suze: we went down 84% at one time, we went down 54% 160 00:09:08,420 --> 00:09:11,079 Suze: at one time. So really what we have going on 161 00:09:11,080 --> 00:09:13,560 Suze: in the stock market right now doesn't look so bad. 162 00:09:13,940 --> 00:09:16,850 Suze: But that doesn't mean it won't continue down. 163 00:09:17,840 --> 00:09:21,350 Suze: My fear is I don't think it's going to come 164 00:09:21,350 --> 00:09:22,060 Suze: back 165 00:09:22,440 --> 00:09:26,460 Suze: When it comes back as quickly as it did in 166 00:09:26,460 --> 00:09:31,349 Suze: 2020 by any means because so much has changed. 167 00:09:31,840 --> 00:09:33,760 Suze: So I think it's really important 168 00:09:34,340 --> 00:09:36,880 Suze: that you want to make sure that you can serve 169 00:09:36,980 --> 00:09:40,850 Suze: you not only conserve the amount of money that you're spending, 170 00:09:40,870 --> 00:09:44,290 Suze: you try to conserve as most as you possibly can 171 00:09:44,290 --> 00:09:45,050 Suze: from what 172 00:09:45,440 --> 00:09:50,929 Suze: From having to take withdrawals from your 401K. IRAs or 173 00:09:50,940 --> 00:09:52,959 Suze: other retirement accounts 174 00:09:53,940 --> 00:09:55,949 Suze: because the more you can conserve 175 00:09:56,440 --> 00:09:59,410 Suze: when these markets do turn around and they do go 176 00:09:59,410 --> 00:10:04,260 Suze: back up and they will eventually it will be awhile yet. 177 00:10:05,840 --> 00:10:09,930 Suze: Then you have more money and then you can start 178 00:10:09,940 --> 00:10:11,960 Suze: living a little bit more freely. 179 00:10:12,340 --> 00:10:13,860 Suze: But right now 180 00:10:14,410 --> 00:10:17,449 Suze: if you can conserve, if you cut back 181 00:10:18,340 --> 00:10:21,480 Suze: you don't need to take as much money out of 182 00:10:21,480 --> 00:10:22,860 Suze: your retirement accounts, 183 00:10:23,240 --> 00:10:27,380 Suze: you're able to save more and more money in your 184 00:10:27,390 --> 00:10:29,150 Suze: emergency savings accounts. 185 00:10:29,840 --> 00:10:33,160 Suze: But here is the Suze School for today. 186 00:10:34,040 --> 00:10:37,110 Suze: Many of you have listened to me thankfully and you 187 00:10:37,110 --> 00:10:41,150 Suze: created in 8-12-month emergency savings plan. 188 00:10:41,740 --> 00:10:47,860 Suze: However, you created it based on expenses that I think 189 00:10:47,870 --> 00:10:50,160 Suze: are under what you're currently spending. 190 00:10:50,740 --> 00:10:56,209 Suze: You created it when gasoline was $2 a gallon versus 191 00:10:56,210 --> 00:11:00,540 Suze: almost four or $5 a gallon when food was 50% 192 00:11:00,540 --> 00:11:02,650 Suze: less than it is right now. 193 00:11:03,640 --> 00:11:07,380 Suze: You did it at a time when your expenses were 194 00:11:07,380 --> 00:11:08,949 Suze: so much less. 195 00:11:09,540 --> 00:11:12,979 Suze: So I need you to take the time and go 196 00:11:12,980 --> 00:11:16,780 Suze: back through your expenses as to what they are today. 197 00:11:16,790 --> 00:11:20,089 Suze: What does it cost you to drive your car? What 198 00:11:20,090 --> 00:11:22,590 Suze: is it costing you on your home equity line of 199 00:11:22,590 --> 00:11:23,550 Suze: credit now, 200 00:11:24,040 --> 00:11:27,610 Suze: what is it costing you on your credit cards? What 201 00:11:27,610 --> 00:11:31,700 Suze: is it costing you for food for going out to 202 00:11:31,710 --> 00:11:35,000 Suze: eat for all of those things? Because there is no 203 00:11:35,000 --> 00:11:38,970 Suze: way possible that it's costing you the same today as 204 00:11:38,970 --> 00:11:42,329 Suze: it was six or seven or eight months ago. What 205 00:11:42,330 --> 00:11:43,750 Suze: is it costing you for rent? 206 00:11:44,340 --> 00:11:46,559 Suze: Rent has gone up dramatically, 207 00:11:47,340 --> 00:11:52,760 Suze: which affects everything. So you need an even bigger pool 208 00:11:53,240 --> 00:11:56,059 Suze: Because your 12 months of expenses today 209 00:11:56,540 --> 00:11:58,060 Suze: is far greater 210 00:11:58,580 --> 00:12:01,560 Suze: than what it was a while ago. 211 00:12:01,940 --> 00:12:05,450 Suze: So you have to take that action 212 00:12:05,940 --> 00:12:09,530 Suze: because if you don't, the lesson of not taking that 213 00:12:09,530 --> 00:12:13,900 Suze: Suze School recommendation will be, you will find as things 214 00:12:13,900 --> 00:12:14,550 Suze: go on 215 00:12:14,940 --> 00:12:18,290 Suze: it is possible that you will eat through your emergency 216 00:12:18,290 --> 00:12:19,860 Suze: fund faster than you know. 217 00:12:20,440 --> 00:12:22,459 Suze: And then what you will, you do, you will go 218 00:12:22,460 --> 00:12:24,550 Suze: take a loan from your 401K. 219 00:12:24,940 --> 00:12:27,550 Suze: And the biggest mistake next Suze School 220 00:12:28,140 --> 00:12:31,640 Suze: That you can make right now is to take a 221 00:12:31,640 --> 00:12:33,750 Suze: loan from your 401K. 222 00:12:34,440 --> 00:12:36,060 Suze: And why is that? 223 00:12:36,940 --> 00:12:41,250 Suze: Because you're going to be taking a loan or selling 224 00:12:41,250 --> 00:12:44,560 Suze: stocks to be able to take that loan or mutual 225 00:12:44,559 --> 00:12:48,280 Suze: funds or exchange traded funds, whatever your money is invested 226 00:12:48,280 --> 00:12:52,260 Suze: in because you don't have cash sitting in a 401K. 227 00:12:52,940 --> 00:12:57,449 Suze: Usually you have it 100% invested. You're going to be 228 00:12:57,450 --> 00:13:03,459 Suze: selling at a time when the markets are already down considerably, 229 00:13:04,140 --> 00:13:08,530 Suze: They're down anywhere depending what you're invested in from 13 230 00:13:08,530 --> 00:13:11,060 Suze: to maybe 28 or 30%. 231 00:13:11,440 --> 00:13:14,170 Suze: This is not the time that you want to be 232 00:13:14,170 --> 00:13:16,059 Suze: selling anything 233 00:13:16,440 --> 00:13:20,510 Suze: that's good quality maybe pays you a dividend is making money, 234 00:13:20,510 --> 00:13:22,860 Suze: has cash and all of those things 235 00:13:23,640 --> 00:13:24,960 Suze: because if you do, 236 00:13:25,940 --> 00:13:27,160 Suze: you'll miss out, 237 00:13:27,740 --> 00:13:30,420 Suze: it's going to take you five years to pay back 238 00:13:30,420 --> 00:13:31,360 Suze: that loan. 239 00:13:31,740 --> 00:13:35,190 Suze: And during that time the market is absolutely going to 240 00:13:35,190 --> 00:13:38,580 Suze: start to turn around if it's like traditional markets and 241 00:13:38,580 --> 00:13:39,959 Suze: let's hope that it is 242 00:13:40,840 --> 00:13:44,460 Suze: and you will have lost out on the biggest gains 243 00:13:45,440 --> 00:13:48,460 Suze: and I don't want that to happen to you next. 244 00:13:48,840 --> 00:13:52,480 Suze: As you know, I'm of the belief that we will 245 00:13:52,480 --> 00:13:55,140 Suze: be going into recession and I so hope I'm wrong 246 00:13:55,170 --> 00:13:59,760 Suze: either at the end of this year or beginning of 2023. 247 00:14:00,640 --> 00:14:05,360 Suze: And as these corporations or places that you are working 248 00:14:05,360 --> 00:14:07,750 Suze: and I've said this before on previous podcasts 249 00:14:08,340 --> 00:14:12,730 Suze: start to have to really cut down there expenses and 250 00:14:12,740 --> 00:14:16,390 Suze: everything so that they're showing better earnings so that they 251 00:14:16,390 --> 00:14:19,000 Suze: call it "the street" Wall Street likes them. So their 252 00:14:19,000 --> 00:14:22,190 Suze: stocks can go back up again. They may have to 253 00:14:22,190 --> 00:14:24,260 Suze: do significant layoffs 254 00:14:24,840 --> 00:14:27,290 Suze: And what if you're working for one of those companies, 255 00:14:27,300 --> 00:14:29,760 Suze: you took a loan from your 401K. 256 00:14:30,340 --> 00:14:32,860 Suze: And now you're laid off. 257 00:14:33,440 --> 00:14:35,740 Suze: But what if you're not just laid off? What if 258 00:14:35,740 --> 00:14:37,800 Suze: you're in an accident or you get sick and you 259 00:14:37,800 --> 00:14:38,660 Suze: have to quit 260 00:14:39,040 --> 00:14:40,260 Suze: because you can't work 261 00:14:40,740 --> 00:14:43,370 Suze: Now. Any part of that loan that you haven't paid 262 00:14:43,370 --> 00:14:47,970 Suze: back could be taxable to you plus a 10% penalty 263 00:14:48,010 --> 00:14:51,590 Suze: depending on your age now. Why did I say could 264 00:14:51,590 --> 00:14:52,950 Suze: be taxable to you 265 00:14:53,440 --> 00:14:58,600 Suze: because many of you are still investing in traditional 401 266 00:14:58,600 --> 00:15:04,280 Suze: Ks or traditional IRAs, which means pretax you rather get 267 00:15:04,290 --> 00:15:05,460 Suze: the tax write off 268 00:15:05,940 --> 00:15:09,400 Suze: today and have to pay taxes on it later on 269 00:15:09,410 --> 00:15:12,470 Suze: for those of you who have listened to me and 270 00:15:12,470 --> 00:15:17,010 Suze: you're putting money into a Roth 401K . 403 B. T. S. P. 271 00:15:17,020 --> 00:15:18,750 Suze: Or a Roth IRA, 272 00:15:19,840 --> 00:15:23,050 Suze: You've got it made in the shade because even with 273 00:15:23,050 --> 00:15:27,160 Suze: the 401 Ks , you may have to pay a 10% penalty. 274 00:15:28,440 --> 00:15:30,870 Suze: You might not have to pay taxes on a lot 275 00:15:30,870 --> 00:15:32,360 Suze: of that money at all. 276 00:15:33,140 --> 00:15:36,860 Suze: So it's important for you to understand 277 00:15:37,740 --> 00:15:41,760 Suze: that you have to be invested in the right places 278 00:15:42,240 --> 00:15:47,340 Suze: Roth retirement accounts and you have to really conserve and 279 00:15:47,340 --> 00:15:50,820 Suze: know what your expenses happen to be. Those are two 280 00:15:50,820 --> 00:15:54,810 Suze: things that you need to do again, bolstering your emergency 281 00:15:54,810 --> 00:15:58,420 Suze: from and making sure your investments are going into a 282 00:15:58,430 --> 00:16:01,050 Suze: Roth account of some kind 283 00:16:02,240 --> 00:16:03,860 Suze: now in the past. 284 00:16:04,540 --> 00:16:08,570 Suze: I've obviously told you try investing in this, try investing 285 00:16:08,570 --> 00:16:11,160 Suze: in that, let's do this. It should hold up, 286 00:16:12,040 --> 00:16:14,560 Suze: nothing is holding here. 287 00:16:15,000 --> 00:16:20,160 Suze: The only thing that's kind of holding our energy stocks. 288 00:16:20,740 --> 00:16:27,330 Suze: Everything else including consumer staples, which everybody is just like 289 00:16:27,330 --> 00:16:29,460 Suze: what the heck just happened 290 00:16:30,440 --> 00:16:32,260 Suze: have gone down 291 00:16:33,040 --> 00:16:35,560 Suze: so people are starting to freak out 292 00:16:35,940 --> 00:16:39,500 Suze: and they are just selling anything and everything and they 293 00:16:39,500 --> 00:16:40,260 Suze: don't care. 294 00:16:41,040 --> 00:16:47,290 Suze: Now, thankfully consumer staples or the ETF XLP pays you 295 00:16:47,300 --> 00:16:48,470 Suze: a dividend. 296 00:16:49,440 --> 00:16:54,120 Suze: Hopefully you did a dollar cost averaging technique because remember 297 00:16:54,120 --> 00:16:57,120 Suze: I told all of you do not put lump sums 298 00:16:57,130 --> 00:17:00,270 Suze: into anything at this point in time 299 00:17:00,840 --> 00:17:02,860 Suze: and it will be a long time, I think before 300 00:17:02,860 --> 00:17:05,060 Suze: I tell you to do so, just so you know, 301 00:17:05,640 --> 00:17:06,060 Suze: but 302 00:17:06,540 --> 00:17:10,139 Suze: if you keep dollar cost averaging into certain things, 303 00:17:10,730 --> 00:17:12,260 Suze: they've got to turn around, 304 00:17:12,840 --> 00:17:14,960 Suze: but I don't know when that will be. 305 00:17:15,640 --> 00:17:18,320 Suze: And the way that you take the sting out of 306 00:17:18,320 --> 00:17:23,419 Suze: your losses is by dollar cost averaging, You keep buying 307 00:17:23,420 --> 00:17:26,250 Suze: things that you want to hold at the times when 308 00:17:26,250 --> 00:17:29,340 Suze: the markets go down particularly, but like once a month, 309 00:17:29,350 --> 00:17:31,770 Suze: once every three months, whatever it may be 310 00:17:32,930 --> 00:17:34,760 Suze: to lower your price 311 00:17:35,640 --> 00:17:38,850 Suze: and therefore when the markets do turn around 312 00:17:40,240 --> 00:17:43,920 Suze: eventually you'll make even more money, but it's very difficult 313 00:17:43,920 --> 00:17:44,670 Suze: to do that 314 00:17:45,440 --> 00:17:46,670 Suze: very difficult 315 00:17:47,340 --> 00:17:49,260 Suze: in terms of energy, 316 00:17:49,740 --> 00:17:54,270 Suze: A lot of you invested in Excel E in 2020 317 00:17:54,740 --> 00:17:56,770 Suze: and you've made a lot of money, 318 00:17:57,280 --> 00:17:59,240 Suze: you invested in Chevron, 319 00:17:59,640 --> 00:18:04,660 Suze: you invested in Devon you invested in other energy companies 320 00:18:04,660 --> 00:18:05,550 Suze: that I like, 321 00:18:06,140 --> 00:18:10,359 Suze: I still think energy is the place to be. 322 00:18:11,140 --> 00:18:14,280 Suze: And the reason that I think that because a lot 323 00:18:14,280 --> 00:18:17,760 Suze: of you are like Suze, what's wrong with you? Oil? 324 00:18:17,770 --> 00:18:20,070 Suze: We need to go green, we need to go green. 325 00:18:20,080 --> 00:18:20,860 Suze: I know, 326 00:18:21,340 --> 00:18:24,359 Suze: but I want people to make green as well, 327 00:18:24,740 --> 00:18:27,690 Suze: I want them to be able to have someplace that 328 00:18:27,690 --> 00:18:29,450 Suze: hopefully will work for them. 329 00:18:29,940 --> 00:18:32,670 Suze: And the reason that I like energy 330 00:18:33,140 --> 00:18:36,510 Suze: and the reason that energy still gets hit every once 331 00:18:36,510 --> 00:18:40,159 Suze: in a while is that china is shut down 332 00:18:40,940 --> 00:18:44,190 Suze: and when they do open up again, that will help 333 00:18:44,200 --> 00:18:48,080 Suze: the consumption of energy, meaning may make the prices go 334 00:18:48,080 --> 00:18:49,060 Suze: back up again. 335 00:18:49,440 --> 00:18:52,220 Suze: But one of the main reasons is this, 336 00:18:53,440 --> 00:18:54,670 Suze: you know, Europe 337 00:18:55,140 --> 00:18:58,240 Suze: has been really ahead of us in terms of climate 338 00:18:58,240 --> 00:18:58,859 Suze: change 339 00:18:59,440 --> 00:19:03,310 Suze: and they really wanted to invest heavily in solar and 340 00:19:03,310 --> 00:19:07,020 Suze: wind and nuclear, even though nuclear was like, I don't 341 00:19:07,020 --> 00:19:07,770 Suze: think so, 342 00:19:08,340 --> 00:19:11,270 Suze: and that was the direction they were going, 343 00:19:11,840 --> 00:19:15,750 Suze: but they found that they couldn't produce enough energy to 344 00:19:15,750 --> 00:19:19,879 Suze: meet the demand so that they had to become dependent 345 00:19:19,890 --> 00:19:21,260 Suze: again on Russia. 346 00:19:21,840 --> 00:19:25,240 Suze: And we all know the story about Russia, none of 347 00:19:25,240 --> 00:19:28,290 Suze: us want to buy anything from Russia because of what 348 00:19:28,290 --> 00:19:30,170 Suze: they're doing to Ukraine 349 00:19:30,840 --> 00:19:32,959 Suze: and who knows what's going to happen 350 00:19:33,340 --> 00:19:36,270 Suze: is Russia going to get into a war with NATO 351 00:19:36,640 --> 00:19:39,060 Suze: possibly, maybe even, probably 352 00:19:39,840 --> 00:19:42,420 Suze: you can just see the whole thing is like where 353 00:19:42,420 --> 00:19:45,010 Suze: is all of this going? And none of us have 354 00:19:45,010 --> 00:19:50,190 Suze: any answers. But because of that, you have places like 355 00:19:50,190 --> 00:19:51,450 Suze: Europe now saying, 356 00:19:51,940 --> 00:19:56,679 Suze: you know what, forget climate for right now, let's start 357 00:19:56,680 --> 00:19:59,730 Suze: investing more in oil and doing it ourselves or figuring 358 00:19:59,730 --> 00:20:02,630 Suze: it out ourselves so that we don't have to be 359 00:20:02,630 --> 00:20:07,170 Suze: dependent on Russia necessarily for oil. 360 00:20:07,640 --> 00:20:09,570 Suze: And is that going to happen here in the United 361 00:20:09,570 --> 00:20:13,580 Suze: States as well? Will you have companies like Schlumberger and 362 00:20:13,580 --> 00:20:16,600 Suze: Halliburton and all those starting to do what they need 363 00:20:16,600 --> 00:20:19,790 Suze: to do? So we're not as dependent on anybody for 364 00:20:19,800 --> 00:20:22,669 Suze: oil as well. At the same time that we are 365 00:20:22,670 --> 00:20:23,610 Suze: developing 366 00:20:24,040 --> 00:20:26,050 Suze: greener forms of energy, 367 00:20:26,630 --> 00:20:29,600 Suze: they have to do something about oil. 368 00:20:30,040 --> 00:20:30,550 Suze: Now. 369 00:20:31,140 --> 00:20:33,659 Suze: That is why I still like it. 370 00:20:34,140 --> 00:20:38,490 Suze: Oil can go down to almost $80 a barrel for 371 00:20:38,490 --> 00:20:41,670 Suze: these companies still to be profitable. 372 00:20:42,140 --> 00:20:45,419 Suze: We'll see what happens. But I think we equally have 373 00:20:45,430 --> 00:20:48,350 Suze: as good a chance for oil depending 374 00:20:48,840 --> 00:20:50,960 Suze: could go to 130 or 140 a barrel 375 00:20:51,540 --> 00:20:55,670 Suze: and therefore, you know, we're still right around 110 - 120 a barrel. 376 00:20:56,740 --> 00:21:00,930 Suze: We'll see what happens to the stocks. But the problem 377 00:21:00,940 --> 00:21:01,960 Suze: is this 378 00:21:02,340 --> 00:21:04,669 Suze: when I tell you to do something 379 00:21:05,540 --> 00:21:10,449 Suze: and something changes, Maybe you don't listen to the podcast 380 00:21:10,460 --> 00:21:13,689 Suze: or maybe I don't mention it for whatever reason 381 00:21:14,240 --> 00:21:17,170 Suze: things can turn around and go right back down. 382 00:21:17,740 --> 00:21:20,950 Suze: So you have to make a decision on your own 383 00:21:21,440 --> 00:21:24,710 Suze: as to are you comfortable in it, does it make 384 00:21:24,710 --> 00:21:27,730 Suze: you feel secure? How do you feel when it goes up? 385 00:21:27,730 --> 00:21:29,930 Suze: How do you feel when it goes down and all 386 00:21:29,930 --> 00:21:32,840 Suze: of that? You know, a woman sent an email in 387 00:21:32,850 --> 00:21:36,170 Suze: to the podcast and said Suze, I need your advice. 388 00:21:36,540 --> 00:21:39,360 Suze: My advisor says to sell Chevron, 389 00:21:39,840 --> 00:21:41,060 Suze: what do you think? 390 00:21:41,540 --> 00:21:44,550 Suze: And I kind of went off the charts at this person, 391 00:21:44,550 --> 00:21:47,609 Suze: the advisor. But anyway, right at the time I think 392 00:21:47,609 --> 00:21:50,450 Suze: Chevron was around $165 a share. 393 00:21:51,140 --> 00:21:55,310 Suze: Since then it's gone up to 170 something, it's gone 394 00:21:55,310 --> 00:22:00,169 Suze: down to 161 something, it's back at like 167 right now. 395 00:22:00,640 --> 00:22:04,660 Suze: But overall it's still paying a very very nice dividend. 396 00:22:05,440 --> 00:22:08,560 Suze: And again, she didn't say if this stock of hers 397 00:22:08,560 --> 00:22:11,169 Suze: was in a retirement account or not, 398 00:22:11,890 --> 00:22:14,520 Suze: but if you sell a stock that's outside of a 399 00:22:14,520 --> 00:22:15,770 Suze: retirement account, 400 00:22:16,440 --> 00:22:20,160 Suze: the problem with that is you owe taxes on it. 401 00:22:20,540 --> 00:22:23,270 Suze: So you have to take that into consideration. 402 00:22:24,140 --> 00:22:27,840 Suze: But these stocks are going to go way up way 403 00:22:27,840 --> 00:22:30,780 Suze: down the E T F S like XLE going to 404 00:22:30,780 --> 00:22:34,270 Suze: go way up way down, same thing with Devon, 405 00:22:35,500 --> 00:22:37,560 Suze: same thing with Pioneer, 406 00:22:37,940 --> 00:22:42,820 Suze: one of my favorite oil companies is Pioneer symbol P 407 00:22:42,820 --> 00:22:46,270 Suze: XD and I believe I told you this a while ago. Again, 408 00:22:46,740 --> 00:22:51,650 Suze: their goal P XD is to have the highest dividend 409 00:22:51,650 --> 00:22:53,060 Suze: on the stock market. 410 00:22:53,740 --> 00:22:58,180 Suze: So the regular dividends like 4.5% something like that. But 411 00:22:58,180 --> 00:23:00,850 Suze: because this company is so cash rich, 412 00:23:01,240 --> 00:23:04,740 Suze: They're giving you extra dividends and right now that dividend 413 00:23:04,740 --> 00:23:06,760 Suze: comes to almost 10 or 11%. 414 00:23:07,840 --> 00:23:12,659 Suze: So at least you're making something when these markets are 415 00:23:12,660 --> 00:23:14,050 Suze: going down 416 00:23:14,640 --> 00:23:19,330 Suze: And again, hopefully energy will stay where it is now. 417 00:23:19,410 --> 00:23:22,380 Suze: I thought staples were going to stay and I was wrong, 418 00:23:22,380 --> 00:23:23,960 Suze: they're down about 10%. 419 00:23:24,640 --> 00:23:26,609 Suze: You're going to have to decide do you want to 420 00:23:26,609 --> 00:23:28,419 Suze: stay in, do you want to get out, what do 421 00:23:28,420 --> 00:23:29,670 Suze: you want to do? 422 00:23:30,440 --> 00:23:34,760 Suze: And that brings us to the next lesson of Suze School, 423 00:23:35,140 --> 00:23:39,270 Suze: what is it that you want to do? 424 00:23:39,840 --> 00:23:43,260 Suze: Because you cannot at this point in time 425 00:23:44,040 --> 00:23:47,760 Suze: really just rely on all the advice that's out there 426 00:23:49,240 --> 00:23:52,660 Suze: because really nobody really knows what to do. 427 00:23:53,240 --> 00:23:56,600 Suze: I mean, the greatest advice that Warren Buffett is giving 428 00:23:56,600 --> 00:24:01,310 Suze: everybody right now is if you're invested properly, don't look 429 00:24:01,320 --> 00:24:03,770 Suze: at your portfolios any more, 430 00:24:04,240 --> 00:24:07,750 Suze: just put them away, dollar cost average into whatever you 431 00:24:07,750 --> 00:24:10,600 Suze: want to do once a month or every three months 432 00:24:10,609 --> 00:24:12,460 Suze: and just wait, 433 00:24:13,440 --> 00:24:16,909 Suze: by the way, one of Warren Buffett's top holdings happens 434 00:24:16,910 --> 00:24:20,520 Suze: to be Chevron that he just recently bought just so 435 00:24:20,520 --> 00:24:21,270 Suze: you know, 436 00:24:21,840 --> 00:24:25,670 Suze: however, that's not me touting Chevron 437 00:24:26,540 --> 00:24:27,050 Suze: because 438 00:24:27,440 --> 00:24:30,480 Suze: I don't really care. I actually like Devon and P 439 00:24:30,480 --> 00:24:33,109 Suze: XD almost even better than Chevron to tell you the 440 00:24:33,109 --> 00:24:33,459 Suze: truth 441 00:24:34,140 --> 00:24:34,560 Suze: but 442 00:24:35,140 --> 00:24:38,120 Suze: you're going to have to know what do you need 443 00:24:38,119 --> 00:24:41,560 Suze: to do to make yourself feel secure? 444 00:24:42,240 --> 00:24:46,470 Suze: I do not. As many people do have a problem 445 00:24:46,480 --> 00:24:50,450 Suze: with you having a lot of money in cash. 446 00:24:51,140 --> 00:24:54,170 Suze: Or U. S. Treasury bills or notes 447 00:24:54,540 --> 00:24:57,170 Suze: or even bonds at this point in time. 448 00:24:57,540 --> 00:24:59,360 Suze: Again, I want to reiterate. 449 00:24:59,740 --> 00:25:02,850 Suze: I know you know, I don't like any type of 450 00:25:02,850 --> 00:25:05,770 Suze: bond fund. I don't care that I don't like it. 451 00:25:06,440 --> 00:25:11,590 Suze: If you are already still in a bond fund just 452 00:25:11,590 --> 00:25:12,460 Suze: stay there 453 00:25:12,940 --> 00:25:16,430 Suze: because bonds are starting to exhibit a lot of sideways 454 00:25:16,430 --> 00:25:17,350 Suze: activities 455 00:25:17,740 --> 00:25:21,359 Suze: which means that they may just stay here for a while. 456 00:25:21,740 --> 00:25:23,770 Suze: So just stay in 457 00:25:24,240 --> 00:25:27,060 Suze: and I think you will be just fine. 458 00:25:28,040 --> 00:25:29,350 Suze: But cash 459 00:25:29,840 --> 00:25:32,860 Suze: is what you really want to pile up. 460 00:25:33,240 --> 00:25:36,840 Suze: And again a great way to put cash in your 461 00:25:36,840 --> 00:25:40,859 Suze: Alliant Credit Union. Now, it will not surprise me 462 00:25:41,240 --> 00:25:44,850 Suze: within the next week or two and I have no 463 00:25:44,850 --> 00:25:47,950 Suze: idea if this is true or not. Everybody, if you 464 00:25:47,950 --> 00:25:51,770 Suze: don't see credit unions across the board 465 00:25:52,310 --> 00:25:54,669 Suze: start to raise interest rates, 466 00:25:55,140 --> 00:26:00,060 Suze: They very well could go 2.75%, maybe 1%. We'll see. 467 00:26:00,440 --> 00:26:04,530 Suze: But if Alliant happens for instance to raise their interest 468 00:26:04,530 --> 00:26:08,140 Suze: rates to 1% and again please I don't have any 469 00:26:08,150 --> 00:26:10,590 Suze: insight on this at all. I don't have a clue. 470 00:26:10,730 --> 00:26:15,290 Suze: But let's just say they did, what a fabulous place 471 00:26:15,300 --> 00:26:19,510 Suze: for you to put money that you could access any 472 00:26:19,520 --> 00:26:20,560 Suze: single time 473 00:26:20,640 --> 00:26:24,440 Suze: that you wanted without penalty and if you are out 474 00:26:24,440 --> 00:26:26,460 Suze: there and you have not opened up 475 00:26:26,930 --> 00:26:31,360 Suze: the ultimate opportunity savings account yet. What are you waiting for? 476 00:26:31,800 --> 00:26:35,400 Suze: If you just put in $100 a month, you open 477 00:26:35,400 --> 00:26:39,560 Suze: up the account that month, you put in $100 478 00:26:39,940 --> 00:26:43,570 Suze: And then you put in $100 every single month thereafter 479 00:26:43,580 --> 00:26:47,350 Suze: and you have $1,200 at least in that account. 480 00:26:48,040 --> 00:26:52,360 Suze: 12 months later you're going to get $100 bonus. 481 00:26:52,940 --> 00:26:55,760 Suze: So you really need to think about that. 482 00:26:56,240 --> 00:26:59,350 Suze: So if you haven't done it yet, you really should 483 00:26:59,350 --> 00:27:04,270 Suze: go to my alliant dot com. M Y A L 484 00:27:04,280 --> 00:27:08,200 Suze: L I A N T dot com again please. know, 485 00:27:08,210 --> 00:27:10,990 Suze: I do not make a penny. If you open up 486 00:27:11,000 --> 00:27:12,949 Suze: an Alliant account or not 487 00:27:13,840 --> 00:27:16,330 Suze: that has nothing to do with why I am telling 488 00:27:16,330 --> 00:27:19,790 Suze: you to do this. But this is the time that 489 00:27:19,800 --> 00:27:22,359 Suze: I want you to build up money 490 00:27:22,940 --> 00:27:25,330 Suze: and I want you to build up cash in a 491 00:27:25,330 --> 00:27:29,560 Suze: place that I know has the integrity that when interest 492 00:27:29,560 --> 00:27:32,060 Suze: rates are going up like they're going up now they're 493 00:27:32,060 --> 00:27:34,520 Suze: going to make sure that you get a higher interest 494 00:27:34,520 --> 00:27:37,460 Suze: rate as soon as they can as well. 495 00:27:38,640 --> 00:27:40,350 Suze: So can you just do that 496 00:27:41,040 --> 00:27:44,180 Suze: and I have no doubt by the way, everybody that 497 00:27:44,180 --> 00:27:45,770 Suze: sometime this year 498 00:27:46,140 --> 00:27:49,949 Suze: we will be offering a sweepstakes 499 00:27:50,440 --> 00:27:54,980 Suze: and you don't want to miss out on That. Anyway. Just 500 00:27:54,990 --> 00:27:56,770 Suze: say now where was I 501 00:27:57,240 --> 00:28:00,030 Suze: it doesn't matter where I was, here's where I want 502 00:28:00,030 --> 00:28:00,660 Suze: to be. 503 00:28:01,140 --> 00:28:05,360 Suze: I want to be the Professor of Safety right now. 504 00:28:05,940 --> 00:28:09,200 Suze: I think it's important that all of us stay safe 505 00:28:09,210 --> 00:28:10,050 Suze: and secure 506 00:28:10,640 --> 00:28:13,550 Suze: and I think the best way to do that 507 00:28:14,520 --> 00:28:19,270 Suze: is you just leave your stock portfolios alone again assuming 508 00:28:19,740 --> 00:28:25,480 Suze: that you are invested in good quality stocks. You have diversification. 509 00:28:25,540 --> 00:28:28,090 Suze: Most of them are paying you a dividend E. T. F. 510 00:28:28,090 --> 00:28:29,359 Suze: S whatever it may be 511 00:28:30,340 --> 00:28:32,560 Suze: and you just keep doing it 512 00:28:32,940 --> 00:28:36,450 Suze: as long as you have time on your side 513 00:28:37,140 --> 00:28:40,080 Suze: again I have to reiterate for those of you who 514 00:28:40,080 --> 00:28:42,960 Suze: are in retirement and you need the money. 515 00:28:44,040 --> 00:28:47,240 Suze: I really hope that you have that cash cushion like 516 00:28:47,240 --> 00:28:50,200 Suze: the Ultimate Retirement Guide for 50 Plus told you that 517 00:28:50,200 --> 00:28:52,280 Suze: you all needed. Did you read the book, did you 518 00:28:52,290 --> 00:28:55,520 Suze: hear my PBS special? I've said it for so long 519 00:28:55,520 --> 00:28:55,950 Suze: now 520 00:28:56,440 --> 00:29:00,480 Suze: so that you don't have to touch your stocks. One 521 00:29:00,480 --> 00:29:02,560 Suze: thing I just want you to know 522 00:29:02,940 --> 00:29:09,930 Suze: recently I looked over all the returns of all the 523 00:29:09,930 --> 00:29:16,270 Suze: major financial advisors out there that have target funds that 524 00:29:16,270 --> 00:29:18,060 Suze: they offered to all of you. 525 00:29:18,740 --> 00:29:20,860 Suze: There is not one target fund 526 00:29:21,440 --> 00:29:25,550 Suze: That isn't down at least 18% to like 13%. 527 00:29:26,240 --> 00:29:30,450 Suze: There was nowhere to run. There is nowhere to hide 528 00:29:30,600 --> 00:29:32,860 Suze: in this kind of a market. 529 00:29:33,440 --> 00:29:34,850 Suze: I'm just telling you that 530 00:29:36,040 --> 00:29:37,060 Suze: maybe gold. 531 00:29:37,540 --> 00:29:39,940 Suze: I don't have a problem if you start investing little 532 00:29:39,940 --> 00:29:41,460 Suze: by little in G. L. D. 533 00:29:42,050 --> 00:29:44,700 Suze: The gold E. T. F. Something that you might just 534 00:29:44,700 --> 00:29:47,960 Suze: want to think about. It has held up more 535 00:29:48,440 --> 00:29:49,670 Suze: than Bitcoin. 536 00:29:50,140 --> 00:29:52,860 Suze: Bitcoin. I told you concerns me 537 00:29:53,480 --> 00:29:57,360 Suze: That if it breaks 27,200 which it could 538 00:29:57,940 --> 00:30:01,400 Suze: The next stop is 20,000, the next stop after that 539 00:30:01,410 --> 00:30:02,770 Suze: is 14,000. 540 00:30:03,740 --> 00:30:07,060 Suze: So it's not impossible that you might see it go down. 541 00:30:07,740 --> 00:30:11,800 Suze: It's also not impossible that if for whatever reason technology 542 00:30:11,800 --> 00:30:14,360 Suze: stocks and things like that start to go up you 543 00:30:14,360 --> 00:30:17,460 Suze: might see Bitcoin at 42,000 before you know it 544 00:30:18,340 --> 00:30:22,280 Suze: but only invest in Bitcoin with money that you do 545 00:30:22,280 --> 00:30:24,810 Suze: not need for a long period of time money you 546 00:30:24,810 --> 00:30:26,170 Suze: can afford to lose 547 00:30:26,740 --> 00:30:30,850 Suze: and money that you know is very very speculative. 548 00:30:31,340 --> 00:30:33,860 Suze: You have to be careful there. 549 00:30:34,640 --> 00:30:38,320 Suze: So that's the Suze School for today. I will be 550 00:30:38,320 --> 00:30:43,090 Suze: giving a webinar on May 24th. You would go to 551 00:30:43,090 --> 00:30:47,840 Suze: Suze Orman dot com slash webinar and you could register 552 00:30:47,840 --> 00:30:51,770 Suze: there for free and who knows what I'll say. 553 00:30:52,140 --> 00:30:54,350 Suze: You know I have to follow Reed Tracy who's the 554 00:30:54,350 --> 00:30:57,260 Suze: CEO of Hay House he asked me questions so I 555 00:30:57,260 --> 00:30:58,260 Suze: have to answer 556 00:30:58,640 --> 00:31:02,020 Suze: but you really have the scoop here as to what 557 00:31:02,030 --> 00:31:02,860 Suze: I think. 558 00:31:03,740 --> 00:31:07,220 Suze: So I do think just so you know that it 559 00:31:07,230 --> 00:31:10,870 Suze: is possible we might have little ups in the market 560 00:31:10,870 --> 00:31:11,960 Suze: for a week or two 561 00:31:12,340 --> 00:31:14,300 Suze: and then they're going to turn around and go right 562 00:31:14,310 --> 00:31:16,450 Suze: back down until inflation is solved. 563 00:31:16,940 --> 00:31:20,950 Suze: It is very possible you could see the NASDAQ which 564 00:31:20,950 --> 00:31:25,670 Suze: is all tech stocks go down easily another 14% 565 00:31:26,260 --> 00:31:29,200 Suze: You could see the Standard and Poor's easily go down 566 00:31:29,210 --> 00:31:30,850 Suze: another 10%. 567 00:31:31,340 --> 00:31:33,460 Suze: But anyway you look at it, 568 00:31:34,240 --> 00:31:36,550 Suze: this is not a market that's going to start to 569 00:31:36,550 --> 00:31:39,270 Suze: turn around here and go up, 570 00:31:40,140 --> 00:31:41,459 Suze: just know that 571 00:31:42,140 --> 00:31:44,830 Suze: it can go up for short periods of time but 572 00:31:44,830 --> 00:31:48,560 Suze: not for the long run again, you know how I 573 00:31:48,560 --> 00:31:52,750 Suze: feel about I bonds, I bonds, I bonds, I bonds 574 00:31:52,750 --> 00:31:54,770 Suze: till they are coming out of your ears 575 00:31:55,240 --> 00:31:57,820 Suze: because I think inflation is here to stay and I 576 00:31:57,820 --> 00:31:59,910 Suze: think the interest rates that you're going to get on 577 00:31:59,920 --> 00:32:03,040 Suze: I bonds over this next year or two, you are 578 00:32:03,040 --> 00:32:05,860 Suze: going to thank me for it big time 579 00:32:07,040 --> 00:32:11,300 Suze: again I still like us t bills us notes and bonds. 580 00:32:11,300 --> 00:32:14,110 Suze: I know I'm repeating myself but sometimes I need to 581 00:32:14,110 --> 00:32:16,270 Suze: say it twice for you to really get it. 582 00:32:16,940 --> 00:32:17,450 Suze: So 583 00:32:18,040 --> 00:32:19,930 Suze: the main thing is this 584 00:32:20,560 --> 00:32:23,020 Suze: you have to know what it is that you need 585 00:32:23,020 --> 00:32:26,050 Suze: to do, what is the goal of your money, 586 00:32:26,640 --> 00:32:30,410 Suze: what you needed to do for you and then you 587 00:32:30,410 --> 00:32:34,650 Suze: need to take the actions to make sure that happens. 588 00:32:34,890 --> 00:32:37,050 Suze: The best action you can take once again 589 00:32:37,640 --> 00:32:40,670 Suze: is spend less and save more. 590 00:32:41,040 --> 00:32:41,670 Suze: Got that 591 00:32:42,140 --> 00:32:45,930 Suze: alright until Thursday there's really only one thing that I 592 00:32:45,930 --> 00:32:48,100 Suze: want you to do, and that is for you to 593 00:32:48,100 --> 00:32:49,060 Suze: say safe, 594 00:32:49,440 --> 00:32:53,110 Suze: strong and most of all secure. See you then.