1
00:00:08,409 --> 00:00:13,060
Suze: August 17, 2025. Welcome everybody to the Women and Money podcast,

2
00:00:13,329 --> 00:00:17,840
Suze: as well as everybody smart enough to listen. Before we begin,

3
00:00:18,530 --> 00:00:21,170
Suze: we have to talk about this day because today is

4
00:00:21,170 --> 00:00:26,450
Suze: a really, really important day. It happens to be Colo's

5
00:00:26,489 --> 00:00:28,729
Suze: 46th birthday.

6
00:00:29,010 --> 00:00:33,360
Suze: And he is in Columbia celebrating with his family, his

7
00:00:33,360 --> 00:00:39,009
Suze: spouse Annie, his two dogs, Toby and Mia, and thank

8
00:00:39,009 --> 00:00:42,080
Suze: God he didn't have to return to close up this

9
00:00:42,080 --> 00:00:44,770
Suze: house cause the hurricane was coming this way cause it's

10
00:00:44,770 --> 00:00:49,189
Suze: decided to go north and hopefully not hit anybody, but

11
00:00:49,439 --> 00:00:53,319
Suze: it is his birthday, so Colo, honest to God, you

12
00:00:53,319 --> 00:00:56,279
Suze: know how much we love you, but you always know

13
00:00:56,279 --> 00:00:57,750
Suze: how much KT loves you.

14
00:00:58,520 --> 00:01:00,939
Suze: But I really want you to know how much I

15
00:01:00,939 --> 00:01:05,139
Suze: love you and I appreciate you. I know I'm not

16
00:01:05,139 --> 00:01:08,139
Suze: as loving and cuddly as KT is. I'm a little

17
00:01:08,139 --> 00:01:14,529
Suze: bit more formal, but deep down inside, I love you tons.

18
00:01:14,580 --> 00:01:17,899
Suze: All right, so happy, happy birthday to you, and we'll

19
00:01:17,900 --> 00:01:21,099
Suze: see you one week from today. All right.

20
00:01:22,120 --> 00:01:25,190
Suze: Next, I want to talk about scammers.

21
00:01:25,910 --> 00:01:29,660
Suze: There has been a scammer on the Women and Money

22
00:01:29,660 --> 00:01:34,250
Suze: community app under the name of "Suzë" with my picture,

23
00:01:34,419 --> 00:01:37,459
Suze: but two little dots above the "e." First of all,

24
00:01:37,779 --> 00:01:41,000
Suze: everybody he has or she has been blocked. They have

25
00:01:41,000 --> 00:01:44,419
Suze: gotten rid of. We have the authorities hopefully going after

26
00:01:44,419 --> 00:01:45,660
Suze: them to find them.

27
00:01:46,650 --> 00:01:51,760
Suze: However, I just want to say once again you have

28
00:01:51,760 --> 00:01:55,849
Suze: to be smarter than that. You have to know that

29
00:01:55,849 --> 00:01:58,050
Suze: I'm not going to say, hey, let's talk about it

30
00:01:58,050 --> 00:02:01,199
Suze: on Signal or whatever the scammer was asking you all

31
00:02:01,199 --> 00:02:05,809
Suze: to do. If I'm going to contact you, I'm gonna

32
00:02:05,809 --> 00:02:10,089
Suze: contact you personally in response to an email that you

33
00:02:10,089 --> 00:02:14,769
Suze: sent into ask Suze podcast @ gmail.com.

34
00:02:15,089 --> 00:02:18,330
Suze: And I will answer you there if I'm going to

35
00:02:18,330 --> 00:02:22,419
Suze: answer you. If I really want to speak to you.

36
00:02:22,690 --> 00:02:27,089
Suze: Chances are I'm going to ask you somehow to give

37
00:02:27,089 --> 00:02:29,809
Suze: me your phone number or here's my phone number. Let's

38
00:02:29,809 --> 00:02:31,089
Suze: talk on the phone.

39
00:02:31,410 --> 00:02:35,320
Suze: And sometimes when you don't really believe it's me, but

40
00:02:35,320 --> 00:02:38,609
Suze: I really need to talk to you, I will say

41
00:02:38,610 --> 00:02:42,638
Suze: on this podcast, Listen, Peggy, that was me who wrote

42
00:02:42,639 --> 00:02:46,330
Suze: you last week, so please feel free to answer me.

43
00:02:46,399 --> 00:02:49,949
Suze: You're not being scammed. However, I do want to make

44
00:02:49,949 --> 00:02:55,600
Suze: another announcement to that. This is rampant right now. If

45
00:02:55,600 --> 00:02:58,679
Suze: you're somebody like me or Keith Fitz-Gerald or anybody that

46
00:02:58,679 --> 00:03:00,389
Suze: gives out financial advice.

47
00:03:00,839 --> 00:03:04,419
Suze: It's very easy to be able to say, come on,

48
00:03:04,830 --> 00:03:09,529
Suze: invest with us to scam you by pretending that they're us.

49
00:03:10,070 --> 00:03:12,910
Suze: People write these articles and it looks like I was

50
00:03:12,910 --> 00:03:17,539
Suze: interviewed on CNN. Seems like a totally legit article to me,

51
00:03:17,949 --> 00:03:21,580
Suze: yet I never gave it, and it's a total scam.

52
00:03:22,029 --> 00:03:25,579
Suze: That's number two. Number three.

53
00:03:26,538 --> 00:03:29,728
Suze: And I think this is an important thing, and it

54
00:03:29,729 --> 00:03:33,809
Suze: has to do with the Trump account. Now last week

55
00:03:33,809 --> 00:03:38,369
Suze: I gave a total breakdown of the Trump account, and

56
00:03:38,369 --> 00:03:42,729
Suze: that was in the third edition of the tax changes

57
00:03:42,729 --> 00:03:47,449
Suze: in the bill that was passed in July. OK, and

58
00:03:47,729 --> 00:03:50,410
Suze: the more research I do on it, I have to

59
00:03:50,410 --> 00:03:53,410
Suze: tell you I actually don't think.

60
00:03:54,059 --> 00:03:57,220
Suze: Then it's as good of a deal as maybe I

61
00:03:57,220 --> 00:04:00,550
Suze: once thought, and one of the reasons I think that.

62
00:04:01,110 --> 00:04:06,419
Suze: It is because I can't get agreement as to how

63
00:04:06,419 --> 00:04:10,419
Suze: that money will be taxed when it's withdrawn. Now I

64
00:04:10,419 --> 00:04:13,779
Suze: gave you last week my version and how I really

65
00:04:13,779 --> 00:04:17,179
Suze: believed it was to be taxed. All these other people

66
00:04:17,178 --> 00:04:20,659
Suze: are starting to say, oh no, no, at 18 it

67
00:04:20,660 --> 00:04:24,339
Suze: turns into like an IRA, and any money that you

68
00:04:24,339 --> 00:04:28,850
Suze: pull out is going to be taxed as ordinary income, including.

69
00:04:29,200 --> 00:04:33,299
Suze: The money that you put in every single year and

70
00:04:33,299 --> 00:04:37,670
Suze: because I can't get clarification on that from anywhere.

71
00:04:38,730 --> 00:04:41,799
Suze: I have to tell you I'd probably like let's put

72
00:04:41,799 --> 00:04:45,079
Suze: a hold on it for right now, cause in the

73
00:04:45,079 --> 00:04:49,279
Suze: long run, really I'd rather see you do a Roth

74
00:04:49,279 --> 00:04:52,750
Suze: IRA for your child and where you could fund it,

75
00:04:52,959 --> 00:04:56,149
Suze: but to do that, obviously your child has to be working,

76
00:04:56,359 --> 00:04:59,600
Suze: so you have to get around that or to just

77
00:04:59,600 --> 00:05:04,000
Suze: open a regular investment account for the child or put

78
00:05:04,000 --> 00:05:07,678
Suze: it all in your name knowing it's for the child.

79
00:05:08,279 --> 00:05:10,659
Suze: And that at a certain age you can give it

80
00:05:10,660 --> 00:05:14,149
Suze: to them. So right now I have to tell you

81
00:05:14,149 --> 00:05:17,589
Suze: I've changed my mind on that. There just seems like

82
00:05:17,589 --> 00:05:21,869
Suze: there's just too many things that aren't making sense and

83
00:05:21,869 --> 00:05:25,229
Suze: in disagreement how it really works and when I can't

84
00:05:25,230 --> 00:05:28,909
Suze: get a specific answer and one professional tells me one

85
00:05:28,910 --> 00:05:32,429
Suze: thing and another tells me another, I just don't do

86
00:05:32,428 --> 00:05:33,709
Suze: it now with that said.

87
00:05:34,279 --> 00:05:36,040
Suze: If you're going to have a kid that's going to

88
00:05:36,040 --> 00:05:39,238
Suze: be born and automatically get that $1,000 OK.

89
00:05:40,100 --> 00:05:43,100
Suze: There you go, but that doesn't mean you have to

90
00:05:43,100 --> 00:05:45,649
Suze: put any more money into it.

91
00:05:46,399 --> 00:05:50,100
Suze: Now that all of that is out, let's go to

92
00:05:50,100 --> 00:05:54,260
Suze: Suze School. All right, something has been upsetting me, so

93
00:05:54,260 --> 00:05:57,859
Suze: can we just talk? Can we just talk? And this

94
00:05:57,859 --> 00:06:00,219
Suze: all started because I was looking at some of the

95
00:06:00,220 --> 00:06:03,859
Suze: posts on the Women and Money community app, and there

96
00:06:03,859 --> 00:06:07,630
Suze: was one person in particular that was so proud

97
00:06:08,140 --> 00:06:12,579
Suze: of the fact that she or he sold stocks like

98
00:06:12,579 --> 00:06:17,339
Suze: Walmart and Costco and decided to put that money into

99
00:06:17,339 --> 00:06:20,299
Suze: the stocks like Pallantir and whatever else it was, I

100
00:06:20,299 --> 00:06:23,260
Suze: don't remember what they put it into, but stocks that

101
00:06:23,260 --> 00:06:26,820
Suze: had been going up and up and up. The other

102
00:06:26,820 --> 00:06:30,820
Suze: day I was telling Keith Fitz-Gerald about this, and here's

103
00:06:30,820 --> 00:06:34,820
Suze: what he said. No, they can't do that!

104
00:06:35,549 --> 00:06:37,750
Suze: Those are great stocks. Why would they get out of

105
00:06:37,750 --> 00:06:38,789
Suze: those stocks?

106
00:06:39,549 --> 00:06:42,700
Suze: I don't want you feeling like, oh, you have to

107
00:06:42,700 --> 00:06:45,700
Suze: put all of your money only in the stocks that

108
00:06:45,700 --> 00:06:49,219
Suze: are AI oriented or that are chip companies or whatever

109
00:06:49,220 --> 00:06:56,178
Suze: they may be. No, you cannot have a portfolio of 100%

110
00:06:56,178 --> 00:07:00,609
Suze: movers and shakers like that. You need a portfolio,

111
00:07:01,010 --> 00:07:06,299
Suze: that also has really great quality stocks like a Costco,

112
00:07:06,549 --> 00:07:10,269
Suze: like a Walmart, and you would never sell those stocks

113
00:07:10,269 --> 00:07:13,059
Suze: to put them more into stocks that have been making

114
00:07:13,059 --> 00:07:14,589
Suze: you more money.

115
00:07:15,540 --> 00:07:17,899
Suze: Now I get very well a lot of you have

116
00:07:17,899 --> 00:07:19,619
Suze: made a whole lot of money

117
00:07:20,339 --> 00:07:23,290
Suze: in certain stocks that we've been talking about for a

118
00:07:23,290 --> 00:07:26,329
Suze: long time, and the truth of the matter is I

119
00:07:26,329 --> 00:07:30,089
Suze: think you're going to make a whole lot more money,

120
00:07:30,209 --> 00:07:33,609
Suze: honest to God in those stocks, and there are certain

121
00:07:33,609 --> 00:07:36,000
Suze: stocks that I don't know if you do own or not,

122
00:07:36,209 --> 00:07:38,929
Suze: but the stock like Apple that I've been telling you forever,

123
00:07:39,010 --> 00:07:42,959
Suze: I do think you should own that stock. Absolutely. Meta

124
00:07:43,329 --> 00:07:45,559
Suze: may be one of the best stocks that you should

125
00:07:45,559 --> 00:07:47,649
Suze: be owning, but again,

126
00:07:48,049 --> 00:07:52,450
Suze: under a dollar cost averaging technique, OK, but those are

127
00:07:52,450 --> 00:07:55,239
Suze: stocks that I hope you're in or that at least

128
00:07:55,239 --> 00:07:58,010
Suze: you could add to the list of all the stocks

129
00:07:58,010 --> 00:08:01,369
Suze: that we have given you. But I just want to

130
00:08:01,369 --> 00:08:05,809
Suze: tell you a story, all right, and the story goes

131
00:08:05,809 --> 00:08:12,890
Suze: back to 1999 and in 1999 we were really in

132
00:08:12,890 --> 00:08:17,679
Suze: the middle, so to speak, of the dot-com bubble.

133
00:08:18,160 --> 00:08:22,859
Suze: The dot-com bubble started in 1995, everybody.

134
00:08:23,679 --> 00:08:27,239
Suze: A lot of the internet stocks, the dot-com stocks were

135
00:08:27,239 --> 00:08:30,040
Suze: listed on the NASDAQ, OK?

136
00:08:30,670 --> 00:08:35,239
Suze: And the NASDAQ at that time in 1995 was at

137
00:08:35,239 --> 00:08:40,570
Suze: 1,000 and it was in April I believe in 1999

138
00:08:40,570 --> 00:08:44,209
Suze: somewhere in there when I was, I believe it was

139
00:08:44,210 --> 00:08:47,169
Suze: the Larry King Show or one of the shows and

140
00:08:47,169 --> 00:08:51,450
Suze: I was on and now here we are still pretty

141
00:08:51,450 --> 00:08:56,650
Suze: deep four years into the dot-com bubble and

142
00:08:57,539 --> 00:09:00,020
Suze: Larry, or I think it was Larry, but whoever it was,

143
00:09:00,090 --> 00:09:02,630
Suze: asked me and said, What would you buy right now,

144
00:09:02,820 --> 00:09:06,489
Suze: Suze Orman? Name it one thing that you would buy.

145
00:09:07,340 --> 00:09:12,640
Suze: And back then, ETFs were still relatively new. Not many

146
00:09:12,640 --> 00:09:17,080
Suze: people knew about ETFs exchange traded funds, and in fact

147
00:09:17,080 --> 00:09:20,869
Suze: there were only a few of them. But the one

148
00:09:20,869 --> 00:09:25,619
Suze: ETF that I did like back then was the QQQs,

149
00:09:25,700 --> 00:09:29,190
Suze: and those are still available today, and they're all about

150
00:09:29,390 --> 00:09:32,469
Suze: the IT stocks and things like that. And I said

151
00:09:32,469 --> 00:09:35,159
Suze: if I were going to buy one thing today.

152
00:09:35,929 --> 00:09:39,520
Suze: I would buy the QQQs, and they were right around

153
00:09:39,890 --> 00:09:43,559
Suze: $52 a share, I believe, right in there.

154
00:09:44,590 --> 00:09:49,150
Suze: About a year later, March of 2000, they were all

155
00:09:49,150 --> 00:09:52,099
Suze: the way up to I think $100 a share.

156
00:09:53,380 --> 00:09:56,369
Suze: But come 2001.

157
00:09:57,919 --> 00:10:02,250
Suze: All of a sudden they were down at $30 a share.

158
00:10:02,359 --> 00:10:05,190
Suze: All right, just put a pin in that for a second,

159
00:10:05,330 --> 00:10:05,909
Suze: all right.

160
00:10:06,539 --> 00:10:09,189
Suze: And I remember going back on and again, I think

161
00:10:09,190 --> 00:10:12,190
Suze: it was Larry King, and he said, you know, Suze,

162
00:10:12,309 --> 00:10:15,289
Suze: people are mad at you. You told them to buy

163
00:10:15,289 --> 00:10:19,140
Suze: the QQQs at 52, and now they're down at 30.

164
00:10:19,169 --> 00:10:21,309
Suze: What's up? I said, Larry...

165
00:10:22,039 --> 00:10:24,869
Suze: They were all the way up to 100. They they

166
00:10:24,869 --> 00:10:28,340
Suze: doubled their money. You never asked me should they sell

167
00:10:28,340 --> 00:10:31,500
Suze: or anything, so that's when I learned about being very

168
00:10:31,500 --> 00:10:36,549
Suze: careful when you tell people to buy something and also

169
00:10:36,549 --> 00:10:39,869
Suze: if you can't tell them maybe when to sell or

170
00:10:39,869 --> 00:10:41,510
Suze: when to be careful about it.

171
00:10:42,210 --> 00:10:45,049
Suze: So, all right, I learned that lesson back then. TV

172
00:10:45,049 --> 00:10:49,159
Suze: was very different than it is now. Podcasts weren't around then,

173
00:10:49,400 --> 00:10:51,409
Suze: so it was more difficult because you never knew where

174
00:10:51,409 --> 00:10:53,409
Suze: you're going to be on a show again, were you not not, whatever.

175
00:10:54,840 --> 00:10:58,979
Suze: So the nine years from March 2000 when they were

176
00:10:58,979 --> 00:11:04,659
Suze: at 100 all the way to January 2009 where they

177
00:11:04,659 --> 00:11:06,369
Suze: were at 29.

178
00:11:07,469 --> 00:11:11,270
Suze: It's nine years. That's a long time for something to

179
00:11:11,270 --> 00:11:16,549
Suze: go down and down and down. OK, just again, think

180
00:11:16,549 --> 00:11:17,950
Suze: about that for a second.

181
00:11:18,780 --> 00:11:21,329
Suze: All right, and in case you're curious right now, the

182
00:11:21,330 --> 00:11:25,409
Suze: QQQs are at 577, but that is besides the point.

183
00:11:26,520 --> 00:11:28,080
Suze: So the NASDAQ.

184
00:11:28,809 --> 00:11:34,599
Suze: From 1995 to about March of 2,000.

185
00:11:35,469 --> 00:11:37,150
Suze: Went from 1,000.

186
00:11:37,960 --> 00:11:43,890
Suze: To 5,000 that was five times in just five years.

187
00:11:45,049 --> 00:11:47,390
Suze: But in 2002

188
00:11:48,150 --> 00:11:52,289
Suze: The NASDAQ had lost 80%, OK.

189
00:11:53,109 --> 00:11:56,260
Suze: And the reason that I tell you this story is

190
00:11:56,260 --> 00:11:59,059
Suze: that I will never ever forget this woman.

191
00:12:00,059 --> 00:12:04,260
Suze: Who somehow I connected with and she was at some

192
00:12:04,260 --> 00:12:07,030
Suze: talk or something I was giving and I may have

193
00:12:07,030 --> 00:12:09,659
Suze: told you this already, and she came up to me

194
00:12:09,659 --> 00:12:12,580
Suze: and she said she was older, she was like in

195
00:12:12,580 --> 00:12:17,340
Suze: her 80s I think and she said, Suze, you'd be

196
00:12:17,340 --> 00:12:24,299
Suze: so proud. I have 90% of my portfolio invested in

197
00:12:24,299 --> 00:12:26,059
Suze: dotcom stocks.

198
00:12:26,799 --> 00:12:31,950
Suze: And I went, No, you can't do that. She said Suze. I'm

199
00:12:31,950 --> 00:12:35,619
Suze: making a fortune. I'm making an absolute fortune. I said,

200
00:12:35,789 --> 00:12:38,229
Suze: All right, now that you're making a fortune, can you

201
00:12:38,229 --> 00:12:43,280
Suze: just sell and take those profits and think about diversifying

202
00:12:43,280 --> 00:12:46,039
Suze: into XYZ or just keeping it in a, you know,

203
00:12:46,109 --> 00:12:49,030
Suze: cash account or whatever? And she said, no, I'm going

204
00:12:49,030 --> 00:12:52,309
Suze: to even put more money in it. I remember wanting

205
00:12:52,309 --> 00:12:55,108
Suze: to throw up seriously.

206
00:12:56,250 --> 00:12:59,010
Suze: Because I like, oh no, oh no, you could see

207
00:12:59,010 --> 00:13:02,729
Suze: it coming. Now why could I see it coming?

208
00:13:03,820 --> 00:13:08,329
Suze: Another story that I've never told you is it was

209
00:13:08,330 --> 00:13:09,809
Suze: during that time.

210
00:13:10,869 --> 00:13:14,140
Suze: That a venture capital company approached me.

211
00:13:14,799 --> 00:13:18,510
Suze: And they wanted me to be Suzeorman.com.

212
00:13:19,440 --> 00:13:23,439
Suze: They had laid out all of this money and how

213
00:13:23,440 --> 00:13:27,839
Suze: I could be the next internet sensation and I could

214
00:13:27,840 --> 00:13:30,030
Suze: be Suzeorman.com.

215
00:13:31,150 --> 00:13:33,848
Suze: And I could be the CEO and I would have

216
00:13:33,849 --> 00:13:36,809
Suze: this CFO and they had picked out all these people

217
00:13:36,809 --> 00:13:39,329
Suze: that would work with me and they were ready to go.

218
00:13:39,489 --> 00:13:42,479
Suze: They had the money to bring it out.

219
00:13:43,599 --> 00:13:46,929
Suze: And I'll never forget, I said, I just, I, I

220
00:13:46,929 --> 00:13:49,359
Suze: just have to think about this, OK, everybody.

221
00:13:50,400 --> 00:13:54,380
Suze: And I remember walking. I was on 40th Street somewhere

222
00:13:54,380 --> 00:13:58,820
Suze: in there in Manhattan, and at the time I was

223
00:13:58,820 --> 00:14:02,140
Suze: living on 57th Street, so I had to walk up

224
00:14:02,140 --> 00:14:06,179
Suze: 17 blocks and then another, you know, 6 or 7

225
00:14:06,179 --> 00:14:09,939
Suze: blocks to where I was on between 1st and 2nd

226
00:14:10,169 --> 00:14:13,339
Suze: and rather than getting in a taxi or whatever, I

227
00:14:13,340 --> 00:14:17,739
Suze: decided to just walk and I walked and I walked.

228
00:14:18,619 --> 00:14:19,789
Suze: And I was like,

229
00:14:20,630 --> 00:14:24,039
Suze: I don't want to be a CEO. I don't want

230
00:14:24,039 --> 00:14:27,450
Suze: to have all these people and all these things going on,

231
00:14:27,659 --> 00:14:30,940
Suze: and I just want to be Suze Orman, and they

232
00:14:30,940 --> 00:14:35,909
Suze: want to bring me and be a SuzeOrman.com on what?

233
00:14:36,260 --> 00:14:38,840
Suze: What backing it? How are we going to do that?

234
00:14:38,979 --> 00:14:42,179
Suze: That's just, I don't want to do that. I don't

235
00:14:42,179 --> 00:14:45,299
Suze: want people to lose money on me. My job is

236
00:14:45,299 --> 00:14:48,659
Suze: to make them money, and then I realized, oh my God.

237
00:14:49,400 --> 00:14:53,830
Suze: If I'm being offered something like this, this is the

238
00:14:53,830 --> 00:14:59,760
Suze: end of the dot-com bubble. Seriously, that's when I knew

239
00:15:00,049 --> 00:15:01,760
Suze: we were in trouble.

240
00:15:02,679 --> 00:15:03,760
Suze: That was that.

241
00:15:04,770 --> 00:15:05,359
Suze: Now...

242
00:15:06,200 --> 00:15:10,919
Suze: Obviously I'm not comparing what's going on right now in

243
00:15:10,919 --> 00:15:14,239
Suze: AI and the chip stocks and all of that to

244
00:15:14,239 --> 00:15:18,599
Suze: back then because back then most of those companies, they

245
00:15:18,599 --> 00:15:21,599
Suze: didn't have earnings. It was just this thing that was

246
00:15:21,599 --> 00:15:24,750
Suze: going on and you know, interest rates started to go

247
00:15:24,750 --> 00:15:29,400
Suze: up and there was nothing behind these companies really.

248
00:15:30,580 --> 00:15:35,330
Suze: However, a few of them remain, such as Amazon and eBay,

249
00:15:35,739 --> 00:15:41,200
Suze: but most of them honest to God, just disappeared, gone

250
00:15:41,200 --> 00:15:42,590
Suze: off the charts.

251
00:15:43,359 --> 00:15:46,809
Suze: So here we are today and the NASDAQ.

252
00:15:47,799 --> 00:15:55,000
Suze: Today, by the way, is 21,622. It's almost near its

253
00:15:55,000 --> 00:15:56,390
Suze: all-time high.

254
00:15:57,229 --> 00:16:02,440
Suze: However, the stocks of the QQQ or the stocks of

255
00:16:02,440 --> 00:16:06,309
Suze: the SMH or the stocks that we have been talking

256
00:16:06,309 --> 00:16:10,590
Suze: about on this podcast now for this year and some

257
00:16:10,590 --> 00:16:15,440
Suze: of last year are stocks that have earnings potential, and

258
00:16:15,440 --> 00:16:19,070
Suze: they are the stocks of the future. This is not

259
00:16:19,070 --> 00:16:21,909
Suze: the dot-com bubble, everybody.

260
00:16:22,729 --> 00:16:28,289
Suze: However, when you start treating it like that, where you

261
00:16:28,289 --> 00:16:32,929
Suze: are coming out of good quality stocks to go 100%

262
00:16:32,929 --> 00:16:36,530
Suze: or even into the AI stocks.

263
00:16:37,630 --> 00:16:42,890
Suze: That starts to scare me. That is not being smart

264
00:16:42,890 --> 00:16:48,080
Suze: on any level whatsoever. So it's not about putting all

265
00:16:48,080 --> 00:16:53,450
Suze: of your money in stocks that are absolutely skyrocketing. And

266
00:16:53,450 --> 00:16:56,690
Suze: what I've said to you before, listen, if you really

267
00:16:56,690 --> 00:17:00,809
Suze: want to be involved in those futuristic stocks that are

268
00:17:00,809 --> 00:17:02,679
Suze: actually the present right now.

269
00:17:03,349 --> 00:17:04,859
Suze: That we have talked about.

270
00:17:05,619 --> 00:17:12,560
Suze: AMD AVCO, Apple, Meta stocks like that that we have

271
00:17:12,560 --> 00:17:17,909
Suze: talked about Palantir, and I know all of you are like, no, Suze,

272
00:17:17,949 --> 00:17:21,270
Suze: don't talk about Palantir because of what they're doing, but

273
00:17:21,270 --> 00:17:23,630
Suze: I still have to talk about it for those of

274
00:17:23,630 --> 00:17:28,239
Suze: you who have been invested in it because this isn't

275
00:17:28,239 --> 00:17:29,430
Suze: the end of Palantir.

276
00:17:30,329 --> 00:17:35,659
Suze: Palantir is still on its rise up, or IONQ all

277
00:17:35,660 --> 00:17:38,689
Suze: those stocks, OK, I don't have a problem with you

278
00:17:38,689 --> 00:17:43,130
Suze: doing that on any level. NVIDIA, you know, somebody wrote

279
00:17:43,130 --> 00:17:47,630
Suze: and said, Well, what about this NVIDIA is still going

280
00:17:47,630 --> 00:17:53,810
Suze: to go up. These are fabulous must own stocks. They

281
00:17:53,810 --> 00:17:55,489
Suze: really are everybody.

282
00:17:55,869 --> 00:17:58,889
Suze: But you always have to remember, even though I do

283
00:17:58,890 --> 00:18:02,640
Suze: think that they're going to go up, they absolutely could

284
00:18:02,640 --> 00:18:05,430
Suze: also go down, so they're going to go up, they're

285
00:18:05,430 --> 00:18:08,170
Suze: going to go down. That is why you want a

286
00:18:08,170 --> 00:18:12,569
Suze: dollar cost average into them, however,

287
00:18:13,099 --> 00:18:16,630
Suze: You have to have other things. So if you want

288
00:18:16,630 --> 00:18:20,000
Suze: and you just want those individual stocks or you don't

289
00:18:20,000 --> 00:18:22,839
Suze: want to own them individually and you want to do

290
00:18:22,839 --> 00:18:26,000
Suze: it through the SMH, although you'll make more money, I

291
00:18:26,000 --> 00:18:28,760
Suze: think if you own them individually, because the truth of

292
00:18:28,760 --> 00:18:33,300
Suze: the matter is 50% of the ETF, the SMH, is

293
00:18:33,300 --> 00:18:40,560
Suze: made up of NVIDIA, AVCO, TSM, Taiwan Semiconductors, AMD, it's

294
00:18:40,560 --> 00:18:41,469
Suze: made up of that.

295
00:18:42,170 --> 00:18:44,040
Suze: I remember just a little bit ago I did a

296
00:18:44,040 --> 00:18:48,560
Suze: podcast on you make more money in individual stocks and ETFs,

297
00:18:48,699 --> 00:18:51,219
Suze: which is why I was wanting you kind of to

298
00:18:51,219 --> 00:18:55,909
Suze: switch from SMH to that, but SMH is still fabulous,

299
00:18:56,160 --> 00:19:00,489
Suze: really it is. And so what you could do.

300
00:19:01,010 --> 00:19:04,689
Suze: Right, is that again you can own those individual stocks

301
00:19:04,689 --> 00:19:09,609
Suze: or SMH maybe put 30% or 40% of your portfolio

302
00:19:09,609 --> 00:19:14,810
Suze: in that, but the rest in the VOO the Vanguard

303
00:19:14,810 --> 00:19:17,969
Suze: S&P 500 index, or the Spiders or whatever it is

304
00:19:17,969 --> 00:19:22,810
Suze: that you have, but you have to have diversification like that.

305
00:19:23,449 --> 00:19:26,479
Suze: You just have to be smart, and if you're lucky

306
00:19:26,479 --> 00:19:31,380
Suze: enough to own Walmart or Costco or any of those

307
00:19:31,380 --> 00:19:37,250
Suze: like that, great, great. One other thing which is I've

308
00:19:37,250 --> 00:19:43,589
Suze: given you many, many names, many ETFs, many individual stocks.

309
00:19:43,729 --> 00:19:46,250
Suze: I can't remember if I gave you one ETF by

310
00:19:46,250 --> 00:19:50,369
Suze: the symbol XBI. It's a Standard and Poor's 500 biotech

311
00:19:50,369 --> 00:19:53,040
Suze: ETF really liking that one, by the way.

312
00:19:53,630 --> 00:19:58,420
Suze: Wouldn't hurt to dollar cost average into that, but just know

313
00:19:58,880 --> 00:20:03,150
Suze: that you need other things besides just those stocks that

314
00:20:03,150 --> 00:20:08,109
Suze: are really, really great, those mega caps, great. What can

315
00:20:08,109 --> 00:20:12,260
Suze: I tell you? They've just been great. Few other things

316
00:20:12,260 --> 00:20:13,780
Suze: that I just want to say.

317
00:20:14,709 --> 00:20:19,140
Suze: I gave a podcast on stablecoins. Did you not hear

318
00:20:19,140 --> 00:20:26,699
Suze: me say in that podcast that stablecoins are not investments? Bitcoin, ether,

319
00:20:26,910 --> 00:20:31,609
Suze: those are investments, and I still love Bitcoin. Ether's going

320
00:20:31,609 --> 00:20:34,310
Suze: now as well, but I love Bitcoin. You know I

321
00:20:34,310 --> 00:20:37,879
Suze: love Bitcoin. You know that I love it as an ETF,

322
00:20:38,020 --> 00:20:39,739
Suze: I bit I B I T.

323
00:20:40,390 --> 00:20:44,669
Suze: Or through possibly a stock by the name of strategies

324
00:20:44,670 --> 00:20:51,030
Suze: MSTR you could do that. Also Coinbase simple COIN interesting

325
00:20:51,030 --> 00:20:54,229
Suze: way to play it for a very small part of

326
00:20:54,229 --> 00:20:55,660
Suze: your portfolio.

327
00:20:56,069 --> 00:21:01,739
Suze: But don't go getting confused between a bitcoin and a stablecoin.

328
00:21:01,989 --> 00:21:05,989
Suze: A stablecoin is like cash. I would not be buying

329
00:21:05,989 --> 00:21:08,188
Suze: it right now. You don't need to put money in

330
00:21:08,189 --> 00:21:11,189
Suze: it right now. But if the day comes that all

331
00:21:11,189 --> 00:21:12,030
Suze: of a sudden.

332
00:21:12,640 --> 00:21:16,099
Suze: You never know when the dollars could be replaced by that.

333
00:21:16,180 --> 00:21:19,339
Suze: You never know what can happen in the future. I

334
00:21:19,339 --> 00:21:23,449
Suze: was just giving you an education as to how stablecoins work.

335
00:21:23,900 --> 00:21:26,290
Suze: Many of you took it as if I was saying

336
00:21:26,290 --> 00:21:31,380
Suze: stablecoin is an investment. It is not an investment. A

337
00:21:31,380 --> 00:21:34,219
Suze: money market fund is not an investment.

338
00:21:34,670 --> 00:21:37,829
Suze: A cash account is not an investment. It's where you

339
00:21:37,829 --> 00:21:43,949
Suze: keep money that you just want safe and sound. Got that, everybody.

340
00:21:45,050 --> 00:21:50,229
Suze: Bitcoin or ether, those are investments, and I still think

341
00:21:50,229 --> 00:21:55,149
Suze: Bitcoin is going to go up to approximately 170. I

342
00:21:55,150 --> 00:21:57,938
Suze: don't know when, but I do think that it will

343
00:21:57,939 --> 00:21:58,688
Suze: go there.

344
00:21:59,339 --> 00:22:01,859
Suze: All right, so I think that's everything that I wanted

345
00:22:01,859 --> 00:22:05,619
Suze: to talk to you about today. Few more things, which

346
00:22:05,619 --> 00:22:11,010
Suze: is don't forget to subscribe to my official YouTube channel.

347
00:22:11,260 --> 00:22:16,659
Suze: That's youtube.com/ Suzeorman. Go there because there's lots of things

348
00:22:16,660 --> 00:22:23,209
Suze: there and subscribe also on the 19th on Tuesday after

349
00:22:23,310 --> 00:22:26,139
Suze: 10:30 a.m. East Coast time.

350
00:22:27,020 --> 00:22:32,180
Suze: There is an article coming out in Kiplinger.com about mistakes

351
00:22:32,180 --> 00:22:35,139
Suze: I don't want you to make during retirement. You might

352
00:22:35,140 --> 00:22:37,609
Suze: want to take a read of that. You would go

353
00:22:37,609 --> 00:22:44,619
Suze: to Kiplinger.com/retirement. Kiplinger is K I P L I N

354
00:22:44,619 --> 00:22:51,300
Suze: G E R. So Kiplinger.com/retirement. The other reason I'm telling

355
00:22:51,300 --> 00:22:53,609
Suze: you that you should want to go there.

356
00:22:54,290 --> 00:22:58,160
Suze: Is that they will be offering the new edition of

357
00:22:58,160 --> 00:23:05,959
Suze: the "Ultimate Retirement Guide for 50 Plus" for $10 including shipping.

358
00:23:06,250 --> 00:23:09,050
Suze: So if you go there you'll be able to click

359
00:23:09,050 --> 00:23:15,000
Suze: on it and order the book there $10 including shipping.

360
00:23:15,290 --> 00:23:17,250
Suze: You know, the other day I was looking through that

361
00:23:17,250 --> 00:23:18,640
Suze: book and I have to tell you.

362
00:23:18,979 --> 00:23:23,250
Suze: It's a really, really fabulous book, if I must say

363
00:23:23,250 --> 00:23:26,890
Suze: so myself. So if you haven't bought it yet, New

364
00:23:26,890 --> 00:23:30,930
Suze: York Times bestseller, if it's there for you, you might

365
00:23:30,930 --> 00:23:35,619
Suze: want to take advantage of it. All right, so until Thursday,

366
00:23:35,770 --> 00:23:37,689
Suze: there's only one thing that I really want you to

367
00:23:37,689 --> 00:23:39,849
Suze: remember when it comes to your money, and it is

368
00:23:39,849 --> 00:23:43,839
Suze: this the goal of the Women and Money podcast, and

369
00:23:43,839 --> 00:23:45,290
Suze: everybody smart enough to listen.

370
00:23:45,599 --> 00:23:49,489
Suze: It is to help you make your money, make more money.

371
00:23:49,670 --> 00:23:53,739
Suze: It is just that simple, but you have to listen closely.

372
00:23:53,869 --> 00:23:55,439
Suze: You have to do the things that I tell you

373
00:23:55,439 --> 00:23:57,869
Suze: to do. You have to not do the things that

374
00:23:57,869 --> 00:24:00,739
Suze: I tell you not to do, and you have to

375
00:24:00,739 --> 00:24:06,140
Suze: just stay safe, secure, and healthy. Got it? Just that simple.

376
00:24:06,510 --> 00:24:08,579
Suze: Love you and see you soon. Bye bye.