1 00:00:23,140 --> 00:00:29,020 Suze: February 5th, 2023 Suze here and welcome everybody to the 2 00:00:29,020 --> 00:00:34,729 Suze: Women and Money podcast and everybody smart enough to listen. 3 00:00:34,870 --> 00:00:39,559 Suze: So today is Suze School, but before we get into 4 00:00:39,560 --> 00:00:42,150 Suze: Suze School, I just wanna tell you, I'm so excited 5 00:00:42,510 --> 00:00:46,670 Suze: and I'm so excited because tonight is the Grammys, the 6 00:00:46,670 --> 00:00:49,090 Suze: Awards for music 7 00:00:49,250 --> 00:00:53,970 Suze: And Brandi Carlile, who I love more than life itself, 8 00:00:53,980 --> 00:00:58,010 Suze: well, not more than KT though. Right? I love her. She's up 9 00:00:58,010 --> 00:01:02,850 Suze: for eight awards and I just am so rooting for her. 10 00:01:02,850 --> 00:01:07,080 Suze: I can't even tell you. I love her song "You and Me on 11 00:01:07,080 --> 00:01:11,400 Suze: The Rock." It reminds me so much of me and KT. 12 00:01:11,410 --> 00:01:14,050 Suze: I can't even tell you. 13 00:01:14,430 --> 00:01:17,560 Suze: Alright. A few things that I want you to know 14 00:01:17,569 --> 00:01:21,679 Suze: before I really, really get in to Suze School and 15 00:01:21,680 --> 00:01:26,539 Suze: it's about student loans and that's because for three years now, 16 00:01:26,540 --> 00:01:29,140 Suze: as many of you probably know you haven't had to 17 00:01:29,140 --> 00:01:33,040 Suze: pay your student loan payments. Hopefully you were saving the 18 00:01:33,040 --> 00:01:35,700 Suze: money you should have been paying towards student loans and 19 00:01:35,700 --> 00:01:38,960 Suze: you haven't been paying towards student loans. But chances are 20 00:01:38,959 --> 00:01:42,369 Suze: you probably didn't. But here's what you need to know. 21 00:01:42,870 --> 00:01:47,660 Suze: Obviously this August we're still a long ways away from that. 22 00:01:47,730 --> 00:01:51,690 Suze: That is when it is scheduled for student loan repayments 23 00:01:51,690 --> 00:01:55,470 Suze: to start being made again. However, 24 00:01:56,150 --> 00:01:58,760 Suze: at the end of this month, 25 00:02:00,250 --> 00:02:04,020 Suze: we have the Supreme Court taking up 26 00:02:04,660 --> 00:02:11,680 Suze: Biden's loan forgiveness program and they will rule on it. 27 00:02:11,690 --> 00:02:16,450 Suze: Here's what you have to know, that 60 days after 28 00:02:16,450 --> 00:02:19,989 Suze: they have ruled on it, the litigation is over. 29 00:02:20,780 --> 00:02:25,650 Suze: You will have to start making student loan repayments again. 30 00:02:25,660 --> 00:02:29,350 Suze: So it's not gonna be till August, it's gonna be 31 00:02:29,350 --> 00:02:35,370 Suze: 60 days after the litigation is over. So the litigation 32 00:02:35,370 --> 00:02:40,370 Suze: starts right now around the end of February. So March, 33 00:02:40,380 --> 00:02:43,930 Suze: April maybe it'll take them three months. May and then 34 00:02:43,930 --> 00:02:46,510 Suze: you have 60 days, June, July 35 00:02:46,669 --> 00:02:51,560 Suze: to start payments again. Alright, that's only one month before August. 36 00:02:51,570 --> 00:02:54,490 Suze: But what if it only takes them a month or 37 00:02:54,490 --> 00:02:59,230 Suze: three weeks or a week to decide that means 60 38 00:02:59,230 --> 00:03:03,639 Suze: days from possibly the end of March? 39 00:03:04,260 --> 00:03:07,880 Suze: So April and May you will have to start making 40 00:03:07,880 --> 00:03:10,260 Suze: student loan repayments again. 41 00:03:10,790 --> 00:03:15,250 Suze: So therefore if you haven't been saving that money up, 42 00:03:15,260 --> 00:03:19,329 Suze: you might want to start saving it up now. So 43 00:03:19,330 --> 00:03:23,330 Suze: you have something to pay when that time comes. 44 00:03:23,970 --> 00:03:28,910 Suze: Alright, what Suze School is about today 45 00:03:29,630 --> 00:03:32,260 Suze: is about, are you getting 46 00:03:32,950 --> 00:03:38,710 Suze: the absolute most for your money? Especially if you have 47 00:03:38,710 --> 00:03:45,470 Suze: invested in dividend paying stocks. So I just want you 48 00:03:45,470 --> 00:03:48,930 Suze: to imagine that you are in retirement and by the way, 49 00:03:48,940 --> 00:03:52,950 Suze: whether you're in retirement or not. If you are invested 50 00:03:52,950 --> 00:03:56,930 Suze: in dividend paying stocks, you need to be listening to 51 00:03:56,930 --> 00:04:00,550 Suze: me now. So let's just say you are in retirement 52 00:04:00,890 --> 00:04:06,330 Suze: and you were in retirement in 2020 and interest rates 53 00:04:06,330 --> 00:04:09,800 Suze: were still really, really low. You couldn't get a good 54 00:04:09,810 --> 00:04:15,010 Suze: interest rate really anywhere and you needed the income from 55 00:04:15,010 --> 00:04:19,180 Suze: the money that was in your retirement account, the interest 56 00:04:19,180 --> 00:04:22,210 Suze: on it or the dividends on it for you to 57 00:04:22,210 --> 00:04:25,370 Suze: live on. That's what you had planned on doing. 58 00:04:25,610 --> 00:04:28,789 Suze: You didn't want to have to take money from your principal. 59 00:04:28,800 --> 00:04:32,320 Suze: You wanted to live off of the interest it could 60 00:04:32,330 --> 00:04:35,240 Suze: earn or the dividends that it could earn. 61 00:04:35,830 --> 00:04:40,750 Suze: So around 2020, maybe you were listening to the women 62 00:04:40,750 --> 00:04:44,580 Suze: and money podcast and you heard me talk about energy 63 00:04:44,580 --> 00:04:48,469 Suze: and energy stocks and ETFs and how I really wanted 64 00:04:48,470 --> 00:04:51,750 Suze: you to invest in it. And many of you chose 65 00:04:51,760 --> 00:04:55,870 Suze: at that time to buy Chevron. 66 00:04:56,610 --> 00:05:01,980 Suze: So you bought Chevron and Chevron at that time was 67 00:05:01,990 --> 00:05:05,520 Suze: $69.50 right around there. 68 00:05:06,440 --> 00:05:14,060 Suze: And Chevron, you chose because it was paying a 7.5% dividend. 69 00:05:14,710 --> 00:05:18,440 Suze: So you thought, oh, I can invest my money in 70 00:05:18,440 --> 00:05:23,339 Suze: this stock. I can get 7.5% in dividends. 71 00:05:23,920 --> 00:05:27,589 Suze: And therefore, oh my God, I can start to live 72 00:05:27,589 --> 00:05:31,210 Suze: on that money versus a quarter of a percent or 73 00:05:31,210 --> 00:05:34,359 Suze: whatever it was in a savings account. 74 00:05:35,230 --> 00:05:38,409 Suze: And the same was true, really, with Treasuries and everything 75 00:05:38,410 --> 00:05:43,010 Suze: back then you couldn't invest your money really anywhere and 76 00:05:43,010 --> 00:05:44,979 Suze: get even close to 1%. 77 00:05:45,760 --> 00:05:47,250 Suze: So you decided 78 00:05:47,880 --> 00:05:53,700 Suze: You were going to buy 1000 shares of Chevron. You 79 00:05:53,700 --> 00:05:57,690 Suze: had a few $100,000 in your retirement account. You thought 80 00:05:57,700 --> 00:06:01,510 Suze: you could put almost $70,000 towards that because you're going 81 00:06:01,510 --> 00:06:05,340 Suze: to earn 7.4, on that money. 82 00:06:06,390 --> 00:06:09,659 Suze: So, here's what you need to understand. So this is 83 00:06:09,660 --> 00:06:12,980 Suze: where I want you to start taking out your Suze 84 00:06:12,980 --> 00:06:16,979 Suze: notebooks because I want to break this down for you. 85 00:06:19,010 --> 00:06:24,410 Suze: This person bought Chevron simply for the dividend. They did 86 00:06:24,410 --> 00:06:27,760 Suze: not necessarily buy it for it to go up in value. 87 00:06:27,820 --> 00:06:33,960 Suze: They bought it for the dividend. At the time, Chevron 88 00:06:33,960 --> 00:06:37,510 Suze: was $69.50 a share 89 00:06:38,050 --> 00:06:47,620 Suze: and it paid then $1.29 a quarter or $5.16 a 90 00:06:47,620 --> 00:06:53,339 Suze: year in dividends. So, what that meant to this person 91 00:06:53,850 --> 00:06:59,940 Suze: is that they were going to be getting $5,160 a 92 00:06:59,940 --> 00:07:00,670 Suze: year 93 00:07:01,500 --> 00:07:06,330 Suze: in dividends for that year. Because Chevron also had a 94 00:07:06,330 --> 00:07:11,710 Suze: reputation of raising their dividends every year, which they have, 95 00:07:12,080 --> 00:07:14,590 Suze: not by a lot, but by enough. 96 00:07:15,360 --> 00:07:18,550 Suze: Now, for those of you who want to figure out 97 00:07:18,560 --> 00:07:21,150 Suze: what is the yield 98 00:07:21,970 --> 00:07:26,940 Suze: on that? Like, how do you figure out, Suze, what that 99 00:07:26,940 --> 00:07:31,270 Suze: dividend percentage really is? One way that you can do 100 00:07:31,270 --> 00:07:35,050 Suze: it on your own is that you take the amount 101 00:07:35,060 --> 00:07:38,230 Suze: of money that they pay out per share, 102 00:07:39,120 --> 00:07:44,860 Suze: That would be $5.16 a year. And you divide that 103 00:07:44,870 --> 00:07:47,980 Suze: by $69.50 104 00:07:48,830 --> 00:07:53,360 Suze: The amount of money that you paid for Chevron and 105 00:07:53,360 --> 00:07:58,980 Suze: you would come up with 7.42% interest, which is what 106 00:07:58,990 --> 00:08:01,220 Suze: you would be making. 107 00:08:02,140 --> 00:08:05,190 Suze: So people are really, really happy 108 00:08:05,840 --> 00:08:10,260 Suze: and they just kept this going and going and going 109 00:08:10,420 --> 00:08:12,530 Suze: for about three years. 110 00:08:13,410 --> 00:08:15,660 Suze: But they never stopped to think, 111 00:08:16,640 --> 00:08:24,530 Suze: are they still getting 7.42% on their money? 112 00:08:25,910 --> 00:08:29,130 Suze: This is where I want you to listen to me closely. 113 00:08:29,840 --> 00:08:38,059 Suze: As of Friday, Chevron was at $169.50. 114 00:08:38,890 --> 00:08:43,650 Suze: So whoa, they made $100 a share. 115 00:08:44,410 --> 00:08:51,630 Suze: They owned 1000 shares. So they are up $100,000 on 116 00:08:51,630 --> 00:08:59,099 Suze: their investment. So they have now approximately $170,000 invested in 117 00:08:59,110 --> 00:09:00,190 Suze: this stock 118 00:09:01,280 --> 00:09:06,030 Suze: and Chevron is still paying a really nice dividend. They 119 00:09:06,040 --> 00:09:14,209 Suze: raised that dividend to $1.51 a quarter, which is $6.04 120 00:09:14,790 --> 00:09:15,610 Suze: a year. 121 00:09:16,220 --> 00:09:22,319 Suze: So now they still own 1000 shares. So now their 122 00:09:22,330 --> 00:09:27,760 Suze: income is $6,040 a year. 123 00:09:28,490 --> 00:09:33,220 Suze: However, if you were to look at the yield of 124 00:09:33,220 --> 00:09:35,390 Suze: what they're really, really getting. 125 00:09:36,740 --> 00:09:41,010 Suze: Rather than getting the 7.42% a year, 126 00:09:42,520 --> 00:09:51,740 Suze: Now, they really are only getting 3.56% a year in yield. 127 00:09:51,750 --> 00:09:53,440 Suze: How did I get there? 128 00:09:54,000 --> 00:09:57,250 Suze: You would take $1.51 a quarter. So you, at times 129 00:09:57,250 --> 00:10:02,530 Suze: that by four, you get $6.04 a year in dividends, 130 00:10:02,540 --> 00:10:09,780 Suze: you would divide it by $169.50 and you would come 131 00:10:09,780 --> 00:10:13,679 Suze: up with 3.56% yield. 132 00:10:14,530 --> 00:10:20,740 Suze: So even though their income has gone up, you have 133 00:10:20,740 --> 00:10:27,959 Suze: to look at the money as to what is $169,000 134 00:10:27,970 --> 00:10:32,760 Suze: really yielding them at this point in time. And it's 135 00:10:32,760 --> 00:10:35,910 Suze: really like I just said, only yielding them 136 00:10:36,440 --> 00:10:44,069 Suze: 3.56%. Now, these people needed money to live on. 137 00:10:44,660 --> 00:10:49,730 Suze: That's what they needed. So, is it smart that they 138 00:10:49,730 --> 00:10:53,080 Suze: just leave their money right where it is and only 139 00:10:53,080 --> 00:11:00,610 Suze: get 3.56% a year or approximately $6000 a year in 140 00:11:00,610 --> 00:11:05,810 Suze: dividends or would they be better off? It's in a 141 00:11:05,809 --> 00:11:08,240 Suze: retirement account, now listen to me... 142 00:11:08,760 --> 00:11:10,860 Suze: Would they be better off 143 00:11:11,510 --> 00:11:13,339 Suze: selling it here 144 00:11:14,380 --> 00:11:22,960 Suze: and taking that $169,500 and either buying a Treasury note 145 00:11:22,970 --> 00:11:31,030 Suze: or possibly another stock in energy that pays a higher dividend. 146 00:11:31,050 --> 00:11:34,210 Suze: Stick with me here for one second. 147 00:11:34,740 --> 00:11:42,250 Suze: Let's just say they took that $169,500 and they invested 148 00:11:42,250 --> 00:11:46,170 Suze: it all in a one year Treasury bill or whatever 149 00:11:46,170 --> 00:11:51,219 Suze: it is a certificate of deposit and they were getting 4.7% 150 00:11:51,220 --> 00:11:51,750 Suze: on it. 151 00:11:52,470 --> 00:12:01,400 Suze: That would give them $7,966.50 a year in interest. 152 00:12:02,120 --> 00:12:05,690 Suze: Now, you may not think that's a big deal, but 153 00:12:05,690 --> 00:12:12,939 Suze: that's $1,926 more per year in income than what they 154 00:12:12,940 --> 00:12:20,830 Suze: were getting just leaving it where? In Chevron stock, that's 31% more. 155 00:12:21,590 --> 00:12:24,839 Suze: Are you all following me on this now? It's not 156 00:12:24,840 --> 00:12:27,730 Suze: enough for you to just invest your money and get 157 00:12:27,730 --> 00:12:30,359 Suze: your dividends and the stock that you happen to buy 158 00:12:30,360 --> 00:12:32,600 Suze: goes up and up and up and you think you're 159 00:12:32,600 --> 00:12:36,950 Suze: doing fabulous when the truth is you're not getting as 160 00:12:36,950 --> 00:12:40,450 Suze: much from your money as you could be if you 161 00:12:40,450 --> 00:12:43,630 Suze: then were able to take that money, especially if it 162 00:12:43,630 --> 00:12:47,650 Suze: was in a retirement account and invested in something that 163 00:12:47,650 --> 00:12:51,380 Suze: actually was giving you a higher yield. 164 00:12:51,860 --> 00:12:54,360 Suze: Because here we are, look at reality. 165 00:12:55,390 --> 00:13:00,189 Suze: Inflation went up, their costs went up for everything. They're 166 00:13:00,200 --> 00:13:03,360 Suze: in retirement. This is all the money they have to 167 00:13:03,360 --> 00:13:10,500 Suze: live on another $150 a month is possibly enough to 168 00:13:10,500 --> 00:13:12,650 Suze: combat inflation for food. 169 00:13:13,610 --> 00:13:16,620 Suze: Do you see what I'm saying? So you have to 170 00:13:16,620 --> 00:13:20,160 Suze: get involved with your money and get the most out 171 00:13:20,160 --> 00:13:23,660 Suze: of it. Let me just give you another example. 172 00:13:24,200 --> 00:13:28,300 Suze: I don't care that energy is down, as I'm doing 173 00:13:28,300 --> 00:13:31,510 Suze: this podcast right now, I still don't have a problem 174 00:13:31,510 --> 00:13:33,110 Suze: with energy at all. 175 00:13:33,700 --> 00:13:37,660 Suze: Now, remember, did I not tell all of you if 176 00:13:37,660 --> 00:13:41,640 Suze: you're going to invest in Devon or XLE or Pioneer 177 00:13:41,650 --> 00:13:44,900 Suze: or whatever the stock was that I was talking about? 178 00:13:44,910 --> 00:13:47,449 Suze: I wanted you to do it for the dividend and 179 00:13:47,450 --> 00:13:51,020 Suze: the dividend alone. I did not want you to buy 180 00:13:51,020 --> 00:13:54,240 Suze: it so that it would go up in value. I 181 00:13:54,240 --> 00:13:56,820 Suze: wanted you to buy it for the dividend if it 182 00:13:56,820 --> 00:14:00,190 Suze: happened to go up in its price great. 183 00:14:00,740 --> 00:14:04,030 Suze: But if it didn't, you were still getting the income 184 00:14:04,030 --> 00:14:07,700 Suze: that you needed. So let's just take these people again, 185 00:14:07,700 --> 00:14:11,939 Suze: for example, they like energy. That's why they were keeping 186 00:14:11,940 --> 00:14:16,450 Suze: their Chevron stock. They have other money in here. They're diversified. 187 00:14:16,450 --> 00:14:19,960 Suze: So this isn't all of their money. So they decide 188 00:14:20,110 --> 00:14:27,380 Suze: they're going to take all $169,500 and they buy Pioneer 189 00:14:28,210 --> 00:14:31,980 Suze: Now, just because I'm giving you this example does not 190 00:14:31,980 --> 00:14:35,020 Suze: mean that I want you to buy Pioneer. I just 191 00:14:35,020 --> 00:14:38,250 Suze: want you to hear this example. Okay. 192 00:14:38,780 --> 00:14:43,020 Suze: Although, Pioneer has been a great stock and what can 193 00:14:43,020 --> 00:14:45,230 Suze: I tell you? But anyway, that's not the point of 194 00:14:45,230 --> 00:14:46,820 Suze: what I'm talking about right now. 195 00:14:47,390 --> 00:14:52,120 Suze: Again, they take all of their money and they buy 196 00:14:52,120 --> 00:14:59,270 Suze: pioneer and currently pioneer is at $220 a share. 197 00:14:59,830 --> 00:15:07,180 Suze: So they have enough money now to buy 768 shares. 198 00:15:07,830 --> 00:15:16,729 Suze: So now they own 768 shares of Pioneer worth $169,500 199 00:15:16,730 --> 00:15:21,530 Suze: when they buy it. Pioneer has been known for paying 200 00:15:21,540 --> 00:15:25,810 Suze: out the highest dividend yield of all stocks on the 201 00:15:25,810 --> 00:15:30,250 Suze: stock exchange. Now, I'm just going to even ratchet it 202 00:15:30,250 --> 00:15:33,390 Suze: down from what they're projecting, it's really going to pay. 203 00:15:33,780 --> 00:15:38,920 Suze: But let's just say they pay between their base dividend, 204 00:15:38,930 --> 00:15:43,080 Suze: meaning what they normally declare and what's called a variable 205 00:15:43,080 --> 00:15:46,680 Suze: dividend because they are making so much money, they are 206 00:15:46,690 --> 00:15:50,970 Suze: actually giving money back to their shareholders in terms of 207 00:15:50,970 --> 00:15:55,950 Suze: a dividend. And let's just say that they're paying out 208 00:15:55,960 --> 00:15:59,310 Suze: right now, $5 a quarter 209 00:15:59,600 --> 00:16:03,790 Suze: or $20 a year 210 00:16:04,920 --> 00:16:12,260 Suze: On 768 shares, if they were to get $20 a 211 00:16:12,260 --> 00:16:14,880 Suze: year in dividends, 212 00:16:15,480 --> 00:16:24,400 Suze: that's $15,360 a year in dividends, 213 00:16:25,220 --> 00:16:33,580 Suze: That's a yield to them of 9% - big difference between 3.52% 214 00:16:33,580 --> 00:16:38,600 Suze: that they were getting and 9% now. If they get 215 00:16:38,610 --> 00:16:43,950 Suze: $15,360 let's say they did this and P X D, 216 00:16:43,950 --> 00:16:47,180 Suze: Pioneer paid $5 every quarter, 217 00:16:48,050 --> 00:16:55,050 Suze: they would be getting $9,320 more a year. What they 218 00:16:55,050 --> 00:16:58,080 Suze: would have been getting if they stayed in Chevron, which 219 00:16:58,080 --> 00:17:00,880 Suze: was $6,040 a year. 220 00:17:01,710 --> 00:17:09,080 Suze: Again, that 65% more or $776 a month. All right, 221 00:17:09,220 --> 00:17:11,190 Suze: I just want us to get realistic here. 222 00:17:12,000 --> 00:17:19,040 Suze: What would $776 in this particular case? What would that mean? 223 00:17:19,040 --> 00:17:22,710 Suze: Do you think to these people that are totally reliant 224 00:17:22,720 --> 00:17:26,220 Suze: on the income from their retirement accounts? 225 00:17:26,850 --> 00:17:32,080 Suze: It would really make a world of difference. So, what 226 00:17:32,090 --> 00:17:35,670 Suze: I want all of you to do is I want 227 00:17:35,670 --> 00:17:38,360 Suze: you to look at your money, whether it's in retirement accounts, 228 00:17:38,359 --> 00:17:42,680 Suze: not in retirement accounts. And did you purchase a dividend paying 229 00:17:43,090 --> 00:17:46,170 Suze: stock a long time ago? 230 00:17:46,820 --> 00:17:49,280 Suze: And it was paying you a nice yield when you 231 00:17:49,280 --> 00:17:55,400 Suze: originally purchased it? But has it gone up considerably since them? 232 00:17:56,020 --> 00:18:00,460 Suze: And you've just been holding onto it? I want you 233 00:18:00,460 --> 00:18:06,560 Suze: to figure out what your actual yield is right now. 234 00:18:06,580 --> 00:18:11,320 Suze: What are they paying you in dividends? Divide that by 235 00:18:11,320 --> 00:18:15,690 Suze: the price of the stock right now. And you'll get 236 00:18:15,700 --> 00:18:20,010 Suze: your dividend yield. And you will see, especially if it's 237 00:18:20,010 --> 00:18:21,510 Suze: an energy stock. 238 00:18:22,310 --> 00:18:28,050 Suze: The dividend yields have really gone down considerably since we 239 00:18:28,050 --> 00:18:33,649 Suze: did this back in March of 2020 when energy stocks 240 00:18:33,660 --> 00:18:39,810 Suze: had totally plummeted. So the question is, are you getting 241 00:18:39,850 --> 00:18:45,290 Suze: the most out of your money? It's really important for 242 00:18:45,290 --> 00:18:47,090 Suze: you to think about that. 243 00:18:47,920 --> 00:18:50,100 Suze: Now, you might not want to risk it. Maybe these 244 00:18:50,100 --> 00:18:53,520 Suze: people don't want to risk it in an energy stock, fine. 245 00:18:53,670 --> 00:18:57,510 Suze: So buy a certificate of deposit by a treasury note. 246 00:18:57,520 --> 00:19:00,580 Suze: You can do those things within your retirement accounts. 247 00:19:01,210 --> 00:19:04,189 Suze: Lock in all of that money. You didn't have to 248 00:19:04,190 --> 00:19:06,360 Suze: pay any taxes on it because it was in a 249 00:19:06,359 --> 00:19:07,540 Suze: retirement account. 250 00:19:08,060 --> 00:19:15,030 Suze: But look at how your income could absolutely increase simply 251 00:19:15,030 --> 00:19:20,689 Suze: by you paying attention to: has your money grown. Is 252 00:19:20,690 --> 00:19:24,609 Suze: it in dividend? Paying stocks? What is the current yield 253 00:19:24,609 --> 00:19:29,030 Suze: on that money? And are you better off selling something now, 254 00:19:29,030 --> 00:19:31,379 Suze: since you bought it for the dividend, you bought it 255 00:19:31,380 --> 00:19:35,159 Suze: for the income. Are you better off selling it right 256 00:19:35,160 --> 00:19:37,930 Suze: now and investing it 257 00:19:38,160 --> 00:19:44,540 Suze: in something that pays a nice dividend yield now. 5%, 6%, 7% 258 00:19:44,550 --> 00:19:46,100 Suze: or even more. 259 00:19:46,760 --> 00:19:51,780 Suze: Now, obviously, this strategy works best for those of you 260 00:19:51,780 --> 00:19:55,040 Suze: who have money in dividend paying stocks or E T F 261 00:19:55,040 --> 00:19:58,899 Suze: s or whatever it is within a retirement account 262 00:19:59,090 --> 00:20:02,800 Suze: Outside of a retirement account, you have to really take 263 00:20:02,800 --> 00:20:08,620 Suze: into consideration the tax ramifications before you do something like 264 00:20:08,630 --> 00:20:13,960 Suze: this strategy. So just don't go doing it without consulting 265 00:20:13,960 --> 00:20:15,840 Suze: your C P A and what it would mean to 266 00:20:15,840 --> 00:20:19,680 Suze: you tax wise if you did it. This strategy is 267 00:20:19,680 --> 00:20:25,600 Suze: mainly to be used really in retirement accounts. 268 00:20:26,060 --> 00:20:31,190 Suze: That was your Suze School. So before I bring this 269 00:20:31,190 --> 00:20:33,910 Suze: to an end, I just want to say a few 270 00:20:33,910 --> 00:20:39,660 Suze: things which are as follows. Obviously, last week, this was 271 00:20:39,660 --> 00:20:42,850 Suze: quite the week of the stock market and it went up, 272 00:20:42,850 --> 00:20:45,550 Suze: it went down, it went all over the place and 273 00:20:45,550 --> 00:20:48,070 Suze: I'm sure many of you are worried. Oh, is it 274 00:20:48,070 --> 00:20:50,310 Suze: going to go straight up from here is it, should 275 00:20:50,310 --> 00:20:52,480 Suze: I have bought, should I be putting my money into 276 00:20:52,480 --> 00:20:54,440 Suze: VT I, what should I be doing? 277 00:20:54,780 --> 00:20:59,149 Suze: I'm just going to reiterate. It's always wise if you 278 00:20:59,150 --> 00:21:02,580 Suze: have at least five years or longer until you need money, 279 00:21:02,920 --> 00:21:05,570 Suze: that if you want to be involved in the stock market, 280 00:21:05,600 --> 00:21:09,600 Suze: dollar cost average and you can dollar cost average every 281 00:21:09,600 --> 00:21:13,080 Suze: month or every three months up to you, however you 282 00:21:13,080 --> 00:21:15,780 Suze: can do it. But that way when the markets go 283 00:21:15,780 --> 00:21:19,290 Suze: up and the markets go down, you're participating one way 284 00:21:19,290 --> 00:21:23,310 Suze: or the other, there is absolutely no way that I 285 00:21:23,310 --> 00:21:25,800 Suze: can know for sure. Are these markets going to go 286 00:21:25,800 --> 00:21:28,600 Suze: up from here now? What are they gonna do? 287 00:21:28,920 --> 00:21:32,230 Suze: I personally believe and this doesn't mean that it's going 288 00:21:32,230 --> 00:21:36,709 Suze: to happen. I personally believe that the Standard and Poor's 289 00:21:36,710 --> 00:21:43,540 Suze: 500 index that closed at 4,136 on Friday, was a 290 00:21:43,540 --> 00:21:48,230 Suze: good closing for it. I think we absolutely possibly... don't you 291 00:21:48,230 --> 00:21:50,340 Suze: love all the words I'm using a hedge what I'm 292 00:21:50,340 --> 00:21:52,950 Suze: saying here... we could see it go up to its 293 00:21:52,950 --> 00:21:57,840 Suze: new resistance level, which is 4,225. 294 00:21:58,330 --> 00:22:01,209 Suze: And that's where I think we could once again see 295 00:22:01,220 --> 00:22:04,210 Suze: a turnaround and it's very possible that it could go 296 00:22:04,210 --> 00:22:10,000 Suze: back down to about 3,888, which is its support level. 297 00:22:10,590 --> 00:22:12,700 Suze: Now, a lot of you don't know what I'm talking 298 00:22:12,700 --> 00:22:16,030 Suze: about when I say resistance and when I say support, 299 00:22:16,040 --> 00:22:19,430 Suze: go on to the community app, the Women and Money 300 00:22:19,430 --> 00:22:22,690 Suze: community app. If you don't have it, you can download 301 00:22:22,690 --> 00:22:27,180 Suze: it at Apple Apps or Google Play and search there 302 00:22:27,190 --> 00:22:32,500 Suze: for support, resistance. I did a whole podcast on it. 303 00:22:32,510 --> 00:22:38,879 Suze: So that's how you would start to learn about things. Okay. 304 00:22:39,369 --> 00:22:42,320 Suze: That was the lesson, And I have to tell you 305 00:22:42,450 --> 00:22:46,120 Suze: for those of you who are retired and you're really 306 00:22:46,119 --> 00:22:52,300 Suze: looking for income, especially if your money is in retirement accounts. 307 00:22:52,980 --> 00:22:55,570 Suze: The lesson that I just gave you today 308 00:22:56,140 --> 00:23:00,080 Suze: was one of the more important lessons I've ever given 309 00:23:00,090 --> 00:23:03,850 Suze: on a Suze School on the Women and Money podcast. 310 00:23:03,930 --> 00:23:08,530 Suze: Play it over and over again till you understand exactly 311 00:23:08,540 --> 00:23:14,660 Suze: what I was trying to teach you today. So until Thursday, 312 00:23:14,670 --> 00:23:21,090 Suze: when Miss Travis joins us again for Ask KT and Suze Anything, 313 00:23:21,480 --> 00:23:24,400 Suze: there's only one thing that I want you to do 314 00:23:24,540 --> 00:23:29,270 Suze: every single day as soon as you wake up, I 315 00:23:29,270 --> 00:23:35,290 Suze: want you to repeat the following: Today, wherever I go, 316 00:23:35,300 --> 00:23:39,389 Suze: I will create a more peaceful, 317 00:23:39,540 --> 00:23:45,359 Suze: joyful and loving world. That is the goal. Everybody, if 318 00:23:45,359 --> 00:23:48,129 Suze: you can do that and you have joy and you 319 00:23:48,130 --> 00:23:51,270 Suze: have peace and love in your life, you will make 320 00:23:51,280 --> 00:23:56,169 Suze: far more intelligent decisions with your money. I promise you that, 321 00:23:56,180 --> 00:24:00,870 Suze: I promise you that. I promise you that. So until Thursday, 322 00:24:00,880 --> 00:24:03,810 Suze: I want all of you to stay safe and don't 323 00:24:03,820 --> 00:24:06,969 Suze: you ever stop yourself from being 324 00:24:07,400 --> 00:24:10,850 Suze: who you are meant to be and what you want 325 00:24:10,859 --> 00:24:15,479 Suze: to do? Remember everybody. We are unstoppable.