1 00:00:07,860 --> 00:00:12,479 Suze: November 23, 2025. Welcome everybody to the Women and Money 2 00:00:12,478 --> 00:00:16,620 Suze: podcast as well as everybody smart enough to listen. Today 3 00:00:16,620 --> 00:00:20,040 Suze: is Suze School, so get out your Suz e notebooks. 4 00:00:21,750 --> 00:00:25,689 Suze: You know, I've been doing this now for 40 years. 5 00:00:26,379 --> 00:00:31,129 Suze: And over those 40 years I have watched these markets 6 00:00:31,430 --> 00:00:36,220 Suze: go way up and I have watched them go way down. 7 00:00:37,139 --> 00:00:40,459 Suze: But I've always known one thing. 8 00:00:41,250 --> 00:00:46,689 Suze: That if you are invested in good quality stocks, if 9 00:00:46,689 --> 00:00:49,490 Suze: you are invested and you have a plan in the 10 00:00:49,490 --> 00:00:53,080 Suze: areas and you are diversified enough that you're not just 11 00:00:53,080 --> 00:00:55,150 Suze: all in one sector. 12 00:00:56,189 --> 00:01:02,509 Suze: That over time, you will make a significant amount of money. 13 00:01:03,279 --> 00:01:07,229 Suze: I've always said to you, you are only to invest 14 00:01:07,230 --> 00:01:12,275 Suze: in the stock market if you have at least five, 10, 15 00:01:12,275 --> 00:01:15,018 Suze: 15 years or longer, truthfully. 16 00:01:15,849 --> 00:01:19,250 Suze: Where you don't need the money and the minimum there 17 00:01:19,250 --> 00:01:24,690 Suze: was five years. And why five years because normally it 18 00:01:24,690 --> 00:01:28,809 Suze: will take five years from the top of something like 19 00:01:28,809 --> 00:01:31,769 Suze: the market to go all the way down to the 20 00:01:31,769 --> 00:01:35,569 Suze: bottom and then all the way back up again. 21 00:01:36,569 --> 00:01:39,720 Suze: So I could quote you numbers, I could give you examples, 22 00:01:39,769 --> 00:01:41,389 Suze: I can give you all of that. 23 00:01:42,290 --> 00:01:45,819 Suze: But we could also talk about where many of you 24 00:01:45,819 --> 00:01:51,180 Suze: probably are, emotionally and financially speaking at this moment in time. 25 00:01:52,389 --> 00:02:01,680 Suze: We have had an extraordinary run, extraordinary with stocks like Palantir, IONQ, 26 00:02:01,830 --> 00:02:06,510 Suze: and others with the Mag 7. Extraordinary run. 27 00:02:07,690 --> 00:02:12,740 Suze: And in the last week especially, we've watched a stock 28 00:02:12,740 --> 00:02:13,699 Suze: like Palantir. 29 00:02:15,038 --> 00:02:20,940 Suze: Go from, actually last two weeks, from 207 down to 170, 30 00:02:20,949 --> 00:02:24,679 Suze: back up again a little, and then last week down 31 00:02:24,679 --> 00:02:29,100 Suze: to as low as 147 and end at about 150 32 00:02:29,100 --> 00:02:33,949 Suze: something and who knows how low it can go. 33 00:02:35,000 --> 00:02:39,149 Suze: You've watched IONQ do the exact same thing, go from 34 00:02:39,149 --> 00:02:43,839 Suze: the high of approximately $85 a share all the way 35 00:02:43,839 --> 00:02:49,220 Suze: down to $41 where it is right now. Of course, 36 00:02:49,639 --> 00:02:53,210 Suze: when you look at both those stocks within this 52 37 00:02:53,210 --> 00:02:58,638 Suze: week period, they started IONQ at about 17.88. 38 00:02:59,380 --> 00:03:05,039 Suze: You saw Palantir this year, in just this year, everybody, 39 00:03:05,300 --> 00:03:07,100 Suze: you saw it as low. 40 00:03:08,190 --> 00:03:12,309 Suze: At $63 a share when we really started talking about it, 41 00:03:12,389 --> 00:03:13,669 Suze: it was at $7. 42 00:03:14,399 --> 00:03:18,279 Suze: So there is a law of money which is look 43 00:03:18,279 --> 00:03:21,919 Suze: at what you have, not at what you had. The 44 00:03:21,919 --> 00:03:25,240 Suze: biggest mistake you will ever make in life when it 45 00:03:25,240 --> 00:03:29,000 Suze: comes to investing is when you say to yourself, if 46 00:03:29,000 --> 00:03:30,679 Suze: only I had. 47 00:03:31,419 --> 00:03:35,990 Suze: If only I had sold Palantir at 207. If only I 48 00:03:35,990 --> 00:03:39,690 Suze: had sold IONQ in the 80s, look at the money 49 00:03:39,690 --> 00:03:41,070 Suze: I would have made. 50 00:03:42,360 --> 00:03:45,940 Suze: I have said over and over again on this podcast 51 00:03:46,559 --> 00:03:51,059 Suze: that it's not until you sell, that you have made 52 00:03:51,250 --> 00:03:56,039 Suze: that money, and what's most important for you to do 53 00:03:56,039 --> 00:04:00,119 Suze: when you are investing is not really what you could 54 00:04:00,119 --> 00:04:03,639 Suze: have made, but take an honest look at what you 55 00:04:03,639 --> 00:04:08,929 Suze: actually have made. What did you buy those stocks at? 56 00:04:09,369 --> 00:04:13,720 Suze: Are you still up considerably, like over 100% or whatever? 57 00:04:14,500 --> 00:04:18,269 Suze: But you're upset because you're no longer up maybe 200% 58 00:04:18,269 --> 00:04:19,790 Suze: or whatever it may be. 59 00:04:21,130 --> 00:04:26,779 Suze: That will be your downfall if you spend time going, 60 00:04:27,170 --> 00:04:29,089 Suze: I wish it would go up. I want it to 61 00:04:29,089 --> 00:04:33,010 Suze: go back up. I liked knowing how much money I had. 62 00:04:33,329 --> 00:04:36,010 Suze: You have to look at what you have and for 63 00:04:36,010 --> 00:04:39,970 Suze: those of you who bought IONQ or Palantir or the 64 00:04:39,970 --> 00:04:42,609 Suze: other Mag 7 or whatever it is that you bought 65 00:04:42,820 --> 00:04:43,859 Suze: at the top. 66 00:04:44,760 --> 00:04:48,140 Suze: And now you're down. Here's what I can tell you. 67 00:04:48,529 --> 00:04:52,469 Suze: A good quality stock, and those are great quality stocks, 68 00:04:52,609 --> 00:04:55,410 Suze: your NVIDIAs are great. They are great. 69 00:04:56,769 --> 00:05:03,010 Suze: Will always come back over time, which is why dollar 70 00:05:03,010 --> 00:05:08,849 Suze: cost averaging is so very important. And have we not 71 00:05:08,850 --> 00:05:09,369 Suze: said 72 00:05:09,619 --> 00:05:13,260 Suze: that the way you want to invest is through dollar 73 00:05:13,260 --> 00:05:17,700 Suze: cost averaging, and you always want to leave enough money 74 00:05:17,700 --> 00:05:21,660 Suze: there so that when something does go down like they 75 00:05:21,660 --> 00:05:25,140 Suze: are going down now, you're able to take advantage of 76 00:05:25,140 --> 00:05:27,899 Suze: it and if it goes down further, you're able to 77 00:05:27,899 --> 00:05:31,619 Suze: take advantage of it and you just stick with it. 78 00:05:31,690 --> 00:05:36,059 Suze: But let's just say you're in a situation where. 79 00:05:36,790 --> 00:05:39,390 Suze: You don't have any more money to invest. You have 80 00:05:39,390 --> 00:05:43,769 Suze: put it all in there, and now what do you do? 81 00:05:44,670 --> 00:05:48,709 Suze: Now you just stick it out, believe it or not. 82 00:05:49,519 --> 00:05:55,049 Suze: Unless the stock itself has changed, unless what they're doing 83 00:05:55,119 --> 00:06:00,679 Suze: has changed, you just stick with it, and it will 84 00:06:00,678 --> 00:06:04,678 Suze: eventually go way back up and above where you are 85 00:06:04,678 --> 00:06:08,760 Suze: right now. Now we could go into recession. We could 86 00:06:08,760 --> 00:06:11,118 Suze: have a lot of those stocks go way back down 87 00:06:11,119 --> 00:06:11,940 Suze: even more. 88 00:06:12,609 --> 00:06:13,450 Suze: But overall, 89 00:06:15,238 --> 00:06:19,820 Suze: as long as you are totally in other areas as well, 90 00:06:20,029 --> 00:06:23,109 Suze: which is why I always said for those of you 91 00:06:23,109 --> 00:06:26,230 Suze: who don't own a whole lot of stocks, you don't 92 00:06:26,230 --> 00:06:31,130 Suze: have that type of diversification. There's nothing wrong with owning 93 00:06:31,309 --> 00:06:34,659 Suze: a Standard and Poor's 500 index for the majority of 94 00:06:34,660 --> 00:06:37,790 Suze: your money or 50% of your money, and then put 95 00:06:37,790 --> 00:06:41,029 Suze: a little more money in those four or five other stocks. 96 00:06:41,440 --> 00:06:44,799 Suze: That we were thinking were really going to continue up 97 00:06:44,799 --> 00:06:47,079 Suze: and wanted to and probably will. 98 00:06:48,589 --> 00:06:50,790 Suze: So with that in mind, 99 00:06:51,579 --> 00:06:54,459 Suze: we were also talking last week on the Women and 100 00:06:54,459 --> 00:06:59,519 Suze: Money podcast, and we had Fritzy, Fitzy with us, Keith Fitz-Gerald, 101 00:07:00,140 --> 00:07:05,019 Suze: and we introduced one of Keith's absolutely favorite things to 102 00:07:05,019 --> 00:07:06,329 Suze: do called a free trade. 103 00:07:08,049 --> 00:07:13,130 Suze: And in introducing that concept, a lot of you got very, 104 00:07:13,260 --> 00:07:14,570 Suze: very confused. 105 00:07:15,459 --> 00:07:18,510 Suze: And one of you wrote me and you said, do 106 00:07:18,510 --> 00:07:22,950 Suze: you do a free trade, Suze? Is that what you do? 107 00:07:24,260 --> 00:07:27,929 Suze: And I want to set the record straight on who 108 00:07:27,929 --> 00:07:31,230 Suze: does this free trade and who does not, because a 109 00:07:31,230 --> 00:07:35,290 Suze: free trade, and a free trade by the way, everybody is, 110 00:07:35,670 --> 00:07:41,049 Suze: you invest money, you've now made 100% on your money. 111 00:07:42,019 --> 00:07:46,500 Suze: You need to sell half of your position, and take 112 00:07:46,500 --> 00:07:49,779 Suze: your money off the table that you invested, and then 113 00:07:49,779 --> 00:07:51,299 Suze: just see what happens. 114 00:07:52,390 --> 00:07:56,660 Suze: Now, I don't think that's a bad idea on any level, 115 00:07:56,869 --> 00:07:59,329 Suze: if and only if, 116 00:08:00,390 --> 00:08:04,640 Suze: this is money that you may need. This is really 117 00:08:04,640 --> 00:08:08,480 Suze: important money for you to maybe have to access within 118 00:08:08,480 --> 00:08:11,519 Suze: five years or whatever it may be, or if you 119 00:08:11,519 --> 00:08:13,399 Suze: are a nervous investor. 120 00:08:14,529 --> 00:08:17,500 Suze: And you are an investor that doesn't know quite what 121 00:08:17,500 --> 00:08:21,799 Suze: to do and just gets afraid. If that is who 122 00:08:21,799 --> 00:08:22,739 Suze: you are, 123 00:08:23,559 --> 00:08:28,429 Suze: then you should absolutely do a free trade at least once. 124 00:08:29,130 --> 00:08:33,250 Suze: Should you, in my opinion, continue to do a free 125 00:08:33,250 --> 00:08:36,869 Suze: trade every time it doubles? 126 00:08:37,749 --> 00:08:41,429 Suze: Actually, if you are an investor that has time on 127 00:08:41,429 --> 00:08:44,828 Suze: their side, I don't believe that. 128 00:08:45,640 --> 00:08:48,000 Suze: I think if you have taken your money off at 129 00:08:48,000 --> 00:08:48,979 Suze: least once. 130 00:08:50,119 --> 00:08:53,229 Suze: OK, from that point on, maybe you want to let it 131 00:08:53,229 --> 00:08:58,489 Suze: ride forever. If you're an investor who isn't nervous, who 132 00:08:58,489 --> 00:09:02,989 Suze: isn't afraid, you never have to do a free trade. 133 00:09:03,690 --> 00:09:07,450 Suze: Have I ever done a free trade? And the answer 134 00:09:07,450 --> 00:09:08,890 Suze: to that is no. 135 00:09:09,650 --> 00:09:14,650 Suze: Did I take 10% off the table of Palantir when 136 00:09:14,650 --> 00:09:19,049 Suze: Keith said to do so? I absolutely did. Did I 137 00:09:19,049 --> 00:09:22,530 Suze: do it the first time that he said to take 138 00:09:22,530 --> 00:09:27,570 Suze: it off the table? I absolutely did. And then I 139 00:09:27,570 --> 00:09:32,329 Suze: saved that money. And then when Palantir did happen to 140 00:09:32,330 --> 00:09:36,630 Suze: go down from the points that I took that 10% off, 141 00:09:36,849 --> 00:09:38,809 Suze: I bought back in. 142 00:09:39,849 --> 00:09:44,289 Suze: Because I want to own that stock. I want to 143 00:09:44,289 --> 00:09:49,809 Suze: own IONQ. I don't want to limit my position, so... 144 00:09:50,630 --> 00:09:55,959 Suze: Another thing you have to take into consideration, it is very, 145 00:09:56,080 --> 00:09:59,979 Suze: very different if you have money in a Roth retirement account. 146 00:10:01,320 --> 00:10:04,849 Suze: Even a traditional retirement account, an IRA. 147 00:10:05,739 --> 00:10:10,478 Suze: And if you own these stocks in an investment account 148 00:10:10,619 --> 00:10:13,459 Suze: that is subject to taxes. 149 00:10:14,349 --> 00:10:17,450 Suze: Because you have to make a decision. Oh my God, 150 00:10:18,030 --> 00:10:21,829 Suze: if I take money off the table, what does that 151 00:10:21,830 --> 00:10:26,750 Suze: do to my income tax bracket overall? Are you already 152 00:10:26,750 --> 00:10:29,710 Suze: in a higher income tax bracket if you bought a 153 00:10:29,710 --> 00:10:33,150 Suze: lot of shares of stock outside of a retirement account 154 00:10:33,330 --> 00:10:35,010 Suze: and now it has doubled. 155 00:10:36,119 --> 00:10:39,280 Suze: And you take 50% off, and you haven't even owned 156 00:10:39,280 --> 00:10:40,460 Suze: it in a year. 157 00:10:41,640 --> 00:10:44,669 Suze: A year that would qualify you for long term capital 158 00:10:44,669 --> 00:10:47,729 Suze: gains and it's going to be taxed to you as 159 00:10:47,729 --> 00:10:52,589 Suze: ordinary income simply by taking the money off the table. 160 00:10:53,130 --> 00:10:56,530 Suze: Have you lost it anyway because you gave half of 161 00:10:56,530 --> 00:11:01,010 Suze: that to the government and then gave yourself a higher 162 00:11:01,010 --> 00:11:02,968 Suze: income tax bracket overall? 163 00:11:03,390 --> 00:11:07,369 Suze: So it's never just so simple. There is no rule 164 00:11:07,469 --> 00:11:13,250 Suze: that is hard and fast. All of you have individual personalities, 165 00:11:14,229 --> 00:11:21,459 Suze: individual comfort levels, individual tax brackets, individual situations as to 166 00:11:21,460 --> 00:11:26,729 Suze: where you bought this stock to begin with, individual goals, 167 00:11:26,950 --> 00:11:30,909 Suze: and all of that has to be taken into consideration. 168 00:11:31,820 --> 00:11:34,659 Suze: So, a lot of times when you do a podcast 169 00:11:34,659 --> 00:11:37,780 Suze: or whatever it may be, you're on TV, you talk 170 00:11:37,780 --> 00:11:40,299 Suze: to the majority of people that are out there. 171 00:11:41,140 --> 00:11:43,919 Suze: And you introduce an idea to everybody. 172 00:11:45,010 --> 00:11:48,809 Suze: So, investing is a very individual thing. 173 00:11:49,669 --> 00:11:52,039 Suze: And I have tried to teach you. 174 00:11:52,900 --> 00:11:56,140 Suze: That you have to do what's right for you. You 175 00:11:56,140 --> 00:11:59,280 Suze: have to have enough knowledge in what you are doing 176 00:11:59,280 --> 00:12:01,059 Suze: and what you want to do. 177 00:12:02,010 --> 00:12:06,409 Suze: So that when somebody introduces an idea or whatever you go, oh, 178 00:12:06,450 --> 00:12:08,809 Suze: I like that. I should do that. 179 00:12:09,669 --> 00:12:12,809 Suze: Now somebody, by the way, was listening. One of my 180 00:12:13,030 --> 00:12:17,228 Suze: neighbors here on the island that we live, and she 181 00:12:17,229 --> 00:12:19,348 Suze: listened to it, and she wrote me, I really needed 182 00:12:19,349 --> 00:12:24,309 Suze: to hear that because I have a 1,000% gain in NVIDIA, 183 00:12:24,469 --> 00:12:27,289 Suze: and I really should take some of that off. 184 00:12:27,789 --> 00:12:31,390 Suze: And the reason probably is, is that now makes up 185 00:12:31,390 --> 00:12:36,270 Suze: too big of a position in her entire portfolio, so 186 00:12:36,270 --> 00:12:40,090 Suze: you are not to look at your portfolio as one 187 00:12:40,090 --> 00:12:44,429 Suze: or two stocks. You are to look at your portfolio 188 00:12:44,429 --> 00:12:48,589 Suze: as to all the money that you have invested, and 189 00:12:48,590 --> 00:12:51,429 Suze: do you have it invested in such a way that 190 00:12:51,429 --> 00:12:54,080 Suze: you have cushions for yourself. 191 00:12:54,890 --> 00:12:58,250 Suze: Cushion that if one area really goes down, maybe the 192 00:12:58,250 --> 00:13:01,809 Suze: other stays stable or whatever. Now there will be times 193 00:13:01,809 --> 00:13:06,169 Suze: when the entire market goes down, like in 2008, and 194 00:13:06,169 --> 00:13:09,130 Suze: there is nothing you can do about it except dollar 195 00:13:09,130 --> 00:13:13,369 Suze: cost average back into it and wait for time to 196 00:13:13,369 --> 00:13:14,210 Suze: correct it. 197 00:13:15,989 --> 00:13:19,030 Suze: So, these are very important things that I'm telling you, 198 00:13:19,070 --> 00:13:25,510 Suze: and it's not just the stock market. Bitcoin has absolutely 199 00:13:25,510 --> 00:13:30,750 Suze: been obliterated. It broke its support levels, it's absolutely down 200 00:13:30,750 --> 00:13:35,909 Suze: in the 80,000s, down from like 134. It is down significantly. 201 00:13:36,809 --> 00:13:40,369 Suze: Does that bother me? No. Do I look at that 202 00:13:40,369 --> 00:13:45,488 Suze: as an opportunity to invest and buy more? I do. 203 00:13:46,510 --> 00:13:51,130 Suze: However, I don't plan to touch that money for years. 204 00:13:51,309 --> 00:13:55,468 Suze: I don't plan to touch Palantir for years. I don't 205 00:13:55,469 --> 00:14:00,809 Suze: plan to touch my portfolio for years. Now, for those 206 00:14:00,809 --> 00:14:05,950 Suze: of you who need your money to generate income for you. 207 00:14:07,119 --> 00:14:10,919 Suze: Then have I not always said to you dividend paying 208 00:14:10,919 --> 00:14:14,440 Suze: stocks are the way to go because you will get 209 00:14:14,440 --> 00:14:19,179 Suze: growth and you will get possibly a higher interest rate 210 00:14:19,789 --> 00:14:23,719 Suze: than what bonds and CDs and other things are going 211 00:14:23,719 --> 00:14:24,739 Suze: to give you. 212 00:14:26,159 --> 00:14:30,210 Suze: And that is the way that you should go, and 213 00:14:30,210 --> 00:14:34,679 Suze: you should still go that way, but if you're just 214 00:14:34,679 --> 00:14:35,809 Suze: simply investing. 215 00:14:36,700 --> 00:14:39,780 Suze: And you're nervous about it, and you bought a dividend 216 00:14:39,780 --> 00:14:43,320 Suze: paying stock, but the dividend paying stock now is going down. 217 00:14:44,179 --> 00:14:46,590 Suze: Then you have to really look at yourself in the 218 00:14:46,590 --> 00:14:51,789 Suze: mirror and just maybe you are somebody who only belongs 219 00:14:51,789 --> 00:14:57,909 Suze: in treasuries, in certificates of deposits, in individual bonds, in 220 00:14:57,909 --> 00:15:01,229 Suze: things that make you feel secure, since the goal of 221 00:15:01,229 --> 00:15:03,590 Suze: money is for you to be secure. 222 00:15:04,450 --> 00:15:08,260 Suze: And the biggest mistakes are made when you are not secure, 223 00:15:08,299 --> 00:15:11,640 Suze: when you are afraid, like if you have been selling 224 00:15:11,979 --> 00:15:15,739 Suze: and you're selling now, you're making, in my opinion, if 225 00:15:15,739 --> 00:15:18,380 Suze: you have years till you need this money, you are 226 00:15:18,380 --> 00:15:21,340 Suze: and will be making one of the biggest mistakes ever. 227 00:15:22,210 --> 00:15:25,450 Suze: And it's because they want you to sell. 228 00:15:26,440 --> 00:15:30,020 Suze: I still think, and I don't care what anybody tells me, 229 00:15:30,640 --> 00:15:35,320 Suze: that this market is still on some level being pushed down. 230 00:15:36,210 --> 00:15:38,969 Suze: And it's being pushed down and it will be continued 231 00:15:38,969 --> 00:15:42,049 Suze: to be pushed down until all the people who are 232 00:15:42,049 --> 00:15:46,450 Suze: so afraid they actually got out, when that happens, that's 233 00:15:46,450 --> 00:15:50,609 Suze: when this market will go back up. Will it go 234 00:15:50,609 --> 00:15:53,809 Suze: back up with the velocity that it went up before 235 00:15:53,809 --> 00:15:57,330 Suze: some of these AI stocks? Maybe yes, maybe no. 236 00:15:58,260 --> 00:16:00,349 Suze: But that's not the point. 237 00:16:01,419 --> 00:16:04,150 Suze: The point isn't about how fast is your money going 238 00:16:04,150 --> 00:16:06,789 Suze: to return. How long are you going to have to 239 00:16:06,789 --> 00:16:10,299 Suze: wait until it's back up there again? And then chances 240 00:16:10,299 --> 00:16:12,989 Suze: are when it's back up there again, you may absolutely 241 00:16:12,989 --> 00:16:15,710 Suze: probably just go, I'm selling it here. I should have 242 00:16:15,710 --> 00:16:18,429 Suze: sold before. I'm selling it here, and then all of 243 00:16:18,429 --> 00:16:20,989 Suze: a sudden it's at 400 two years from now, and 244 00:16:20,989 --> 00:16:22,369 Suze: you're going, Why did I sell? 245 00:16:23,309 --> 00:16:27,669 Suze: This is not a financial roller coaster for you to 246 00:16:27,669 --> 00:16:28,909 Suze: want to ride on. 247 00:16:29,840 --> 00:16:33,280 Suze: This is where you stand on the sidelines and you 248 00:16:33,280 --> 00:16:36,000 Suze: look at the roller coaster and you watch it go 249 00:16:36,000 --> 00:16:39,000 Suze: up and you watch it go down, and you take 250 00:16:39,000 --> 00:16:43,700 Suze: joy in knowing that you are invested properly. 251 00:16:44,580 --> 00:16:47,469 Suze: And that maybe you do have some more money that 252 00:16:47,469 --> 00:16:50,770 Suze: you could dollar cost average into and take advantage of it, 253 00:16:51,309 --> 00:16:56,669 Suze: or you know you're invested properly and you just stay there. However, 254 00:16:56,789 --> 00:17:01,070 Suze: with that said, we are also entering the very end 255 00:17:01,070 --> 00:17:02,270 Suze: of this year. 256 00:17:03,270 --> 00:17:05,030 Suze: So what am I doing? 257 00:17:05,949 --> 00:17:09,989 Suze: I'm actually, ready for this? I am looking at all 258 00:17:09,989 --> 00:17:14,349 Suze: the stocks or any position that I do have that 259 00:17:14,349 --> 00:17:16,229 Suze: I have a loss in. 260 00:17:17,609 --> 00:17:21,469 Suze: And I am going to take that loss this year, 261 00:17:22,020 --> 00:17:23,938 Suze: then I'm going to offset it. 262 00:17:24,910 --> 00:17:29,770 Suze: With stocks that I have maybe a tremendous gain in, 263 00:17:30,109 --> 00:17:32,250 Suze: let me just give you Palantir as an example. 264 00:17:33,239 --> 00:17:37,698 Suze: I have an extraordinary gain in Palantir. Because my cost 265 00:17:37,699 --> 00:17:40,800 Suze: base is really, when it's all said and done, is 266 00:17:40,800 --> 00:17:42,399 Suze: like in the 40s. 267 00:17:43,420 --> 00:17:47,260 Suze: So I'm still up considerably on Palantir. 268 00:17:49,020 --> 00:17:53,140 Suze: I have stocks that I have a loss in, certain 269 00:17:53,140 --> 00:17:55,379 Suze: things that just didn't work out. 270 00:17:56,420 --> 00:18:00,260 Suze: I will sell 100% of those shares I have a 271 00:18:00,260 --> 00:18:01,060 Suze: loss in. 272 00:18:02,329 --> 00:18:07,050 Suze: Then whatever that amount of money is, I will sell 273 00:18:07,050 --> 00:18:10,790 Suze: those shares of Palantir right now when I do this 274 00:18:11,170 --> 00:18:14,670 Suze: to 100% offset that loss. 275 00:18:15,420 --> 00:18:19,069 Suze: So, if I have a $10,000 loss, I will sell 276 00:18:19,069 --> 00:18:23,469 Suze: enough shares of Palantir, where I have a $10,000 gain. 277 00:18:24,619 --> 00:18:29,218 Suze: Did that make sense? And then I will immediately turn 278 00:18:29,219 --> 00:18:34,180 Suze: around and buy those shares of Palantir back. Now what 279 00:18:34,180 --> 00:18:39,660 Suze: I have done is on those particular shares I have 280 00:18:39,660 --> 00:18:45,500 Suze: increased my cost basis from possibly $40 a share to 281 00:18:45,500 --> 00:18:51,199 Suze: $150 a share so that as Palantir continues to go up. 282 00:18:51,699 --> 00:18:56,938 Suze: My cost basis on those shares will be 150, so 283 00:18:56,939 --> 00:18:59,159 Suze: when I do sell in the future, 284 00:19:00,050 --> 00:19:03,489 Suze: my gain won't be as big and therefore I won't 285 00:19:03,489 --> 00:19:08,329 Suze: owe as much in taxes. Did that make sense? The 286 00:19:08,329 --> 00:19:12,010 Suze: stocks that I have a loss in, I cannot buy 287 00:19:12,010 --> 00:19:15,209 Suze: them back for at least 30 days because there is 288 00:19:15,209 --> 00:19:18,329 Suze: a 30 day wash rule. You cannot sell a stock 289 00:19:18,329 --> 00:19:20,650 Suze: at a loss, take it off your taxes, but buy 290 00:19:20,650 --> 00:19:24,050 Suze: it back right away. You have to wait 30 days. Now. 291 00:19:24,130 --> 00:19:27,310 Suze: Will I buy those stocks back or not? I may not. 292 00:19:27,689 --> 00:19:29,140 Suze: I very well may not. 293 00:19:29,900 --> 00:19:33,339 Suze: And I may take that money and put it in 294 00:19:33,339 --> 00:19:37,180 Suze: something that is making more sense for me at this 295 00:19:37,180 --> 00:19:40,719 Suze: particular situation. Now I hope I just didn't make your 296 00:19:40,719 --> 00:19:45,660 Suze: head spin, but there's always something that you can do 297 00:19:45,939 --> 00:19:49,099 Suze: to help with what's just happened, to look at that 298 00:19:49,099 --> 00:19:51,619 Suze: given that we are coming up at the end of 299 00:19:51,619 --> 00:19:56,020 Suze: the tax year for those of you who own stocks 300 00:19:56,020 --> 00:19:58,359 Suze: outside of a retirement account. 301 00:19:58,790 --> 00:20:04,839 Suze: Inside of a retirement account, you're lucky, because normally you 302 00:20:04,839 --> 00:20:08,139 Suze: don't pay taxes on the gains or whatever, especially if 303 00:20:08,140 --> 00:20:11,130 Suze: it's a Roth, you don't get to take the losses off, 304 00:20:11,359 --> 00:20:15,739 Suze: but in a retirement account, every year you usually have 305 00:20:15,959 --> 00:20:19,639 Suze: money going into it if it's an IRA you usually 306 00:20:19,640 --> 00:20:23,000 Suze: fund it to the max, and then you can dollar 307 00:20:23,000 --> 00:20:26,958 Suze: cost average into these stocks in a 401k. 308 00:20:28,010 --> 00:20:32,189 Suze: You have more money coming in every single month, and 309 00:20:32,189 --> 00:20:38,530 Suze: therefore you're automatically dollar cost averaging, so that's a good thing. 310 00:20:39,510 --> 00:20:42,438 Suze: It is very important that every single one of you 311 00:20:42,439 --> 00:20:46,879 Suze: knows your cost basis in your stocks. 312 00:20:47,869 --> 00:20:54,420 Suze: In your ETFs you have to know your cost basis. Otherwise, 313 00:20:54,800 --> 00:20:57,800 Suze: how do you know how much you're up? How do 314 00:20:57,800 --> 00:20:59,859 Suze: you know how much you're down? 315 00:21:01,020 --> 00:21:05,339 Suze: So, you need to get yourself a program that every 316 00:21:05,339 --> 00:21:08,920 Suze: time you buy something, you enter it into this program, 317 00:21:09,140 --> 00:21:12,939 Suze: it averages it for you, and all the time, you 318 00:21:12,939 --> 00:21:17,170 Suze: know what your cost basis happens to be. 319 00:21:18,459 --> 00:21:20,839 Suze: However, this podcast really 320 00:21:21,599 --> 00:21:23,420 Suze: is all about, 321 00:21:24,339 --> 00:21:27,699 Suze: you knowing what you have, not looking at what you 322 00:21:27,699 --> 00:21:29,339 Suze: could have had or had. 323 00:21:30,119 --> 00:21:36,239 Suze: Deciding what you should do year-end tax strategies, understanding the 324 00:21:36,239 --> 00:21:38,650 Suze: free trade and when does it work for you and 325 00:21:38,650 --> 00:21:42,930 Suze: when does it not, understanding that you can take advantage 326 00:21:42,930 --> 00:21:46,560 Suze: of things when they go down, just never put everything 327 00:21:46,560 --> 00:21:48,639 Suze: you have into it because it goes down because it 328 00:21:48,640 --> 00:21:52,060 Suze: could go down further, so always leave some money there. 329 00:21:52,599 --> 00:21:56,000 Suze: To know your timelines, to know what type of investor 330 00:21:56,000 --> 00:21:56,810 Suze: you are. 331 00:21:57,560 --> 00:22:01,000 Suze: To really be in touch with yourself and your money, 332 00:22:01,359 --> 00:22:04,640 Suze: to know your cost bases, to make a plan, and 333 00:22:04,640 --> 00:22:06,040 Suze: to stick with it. 334 00:22:07,050 --> 00:22:12,300 Suze: That's what this podcast was all about. Now I know 335 00:22:12,300 --> 00:22:15,119 Suze: that I also said on Thursday that I would be 336 00:22:15,119 --> 00:22:20,859 Suze: going over all the new limits for retirement accounts, Social Security, 337 00:22:20,979 --> 00:22:23,930 Suze: all of that. I think I've given you enough right 338 00:22:23,930 --> 00:22:27,089 Suze: now that you don't need more numbers, so I will 339 00:22:27,089 --> 00:22:29,129 Suze: do that next time. 340 00:22:29,890 --> 00:22:35,579 Suze: I want you to go to youtube.com/ Suze Orman and 341 00:22:35,579 --> 00:22:38,469 Suze: I want you to subscribe. Can you do that for me? 342 00:22:39,010 --> 00:22:43,149 Suze: And last but not least, I wanna say one more thing. 343 00:22:43,410 --> 00:22:46,849 Suze: I have a feeling that interest rates on the one 344 00:22:46,849 --> 00:22:51,569 Suze: year certificate at Alliant Credit Union is going to change 345 00:22:51,569 --> 00:22:54,290 Suze: shortly and go down. I don't know what it's gonna 346 00:22:54,290 --> 00:22:56,689 Suze: go down to, but it's gonna go down. 347 00:22:57,359 --> 00:23:05,199 Suze: Therefore, if you're interested in a 4.10% APR or 4.15% 348 00:23:05,199 --> 00:23:12,589 Suze: APR for amounts of $75,000 or above, go to myalliant.com now, 349 00:23:12,800 --> 00:23:16,119 Suze: cause I'm telling you, things are gonna change, and by 350 00:23:16,119 --> 00:23:20,660 Suze: the way, you can do a minimum investment of $1,000 351 00:23:20,839 --> 00:23:25,709 Suze: to get that certificate. All right, until Thursday, 352 00:23:26,260 --> 00:23:28,619 Suze: when Miss Travis will be joining us again, and who 353 00:23:28,619 --> 00:23:31,170 Suze: knows what we're going to be doing on a Thanksgiving Day, 354 00:23:31,500 --> 00:23:33,719 Suze: there's only one thing that I want you to remember 355 00:23:33,910 --> 00:23:36,319 Suze: when it comes to your money, and it is this 356 00:23:36,739 --> 00:23:41,760 Suze: people first, then money, then things. Now you stay safe. 357 00:23:42,099 --> 00:23:42,699 Suze: Bye bye.