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Speaker 1: February 7, 2021. Today is a seriously super day. Don't

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Speaker 1: you think?

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Speaker 1: I love football? I love football. I love football. What

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Speaker 1: I love most is that Katie always sits next to

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Speaker 1: me as we watch football and she gets so into

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Speaker 1: it without even having a clue why she's into it.

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Speaker 1: I just got such a kick out of that. So,

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Speaker 1: who are you rooting for today?

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Speaker 1: I'm personally rooting for

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Speaker 1: the Tampa Bay buccaneers. Even though I love Holmes, who's

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Speaker 1: the quarterback for the Kansas City Chiefs. Um, because I

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Speaker 1: just want brady to go out on top. What can

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Speaker 1: I say?

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Speaker 1: I just want that Anyway. Today, we are going back

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Speaker 1: to Suzy school because I think what's happening out there,

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Speaker 1: there are so many great lessons for us to learn

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Speaker 1: how to be really good investors, how to make money

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Speaker 1: in a way that makes sense. And not just flashes,

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Speaker 1: just not make a lot of money once and that's

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Speaker 1: it or whatever it may be, but slow and steady

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Speaker 1: always wins the race. I don't care what anybody says.

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Speaker 1: So

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Speaker 1: I just briefly want to reiterate a few of my

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Speaker 1: opinions on Gamestop just so we can see where are

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Speaker 1: we right now.

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Speaker 1: Almost two weeks after this whole thing happened, where do

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Speaker 1: we sit right now?

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Speaker 1: You know,

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Speaker 1: Gamestop

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Speaker 1: As of Friday was at $63.77 a share.

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Speaker 1: That

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Speaker 1: Is a tremendous loss from where it had gone up to.

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Speaker 1: And especially given that the average price that everybody bought

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Speaker 1: into was about $320 a share. That's a big loss.

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Speaker 1: It's about an 80% loss.

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Speaker 1: And while I know that there are people out there

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Speaker 1: saying don't sell, don't sell, don't sell. It's very hard

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Speaker 1: When they're just an everyday person and maybe you invested

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Speaker 1: your student loan money or your stimulus check or something

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Speaker 1: and you see it go all the way down by

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Speaker 1: almost 80%

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Speaker 1: And then you hear me say well for you to

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Speaker 1: just break even, it has to go up 400%.

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Speaker 1: It's hard not to sell.

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Speaker 1: It really is. It's a big lesson to learn

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Speaker 1: when you do not have money to lose. And I know,

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Speaker 1: I know everybody's out there saying, but susie, this is

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Speaker 1: how we're gonna make money. This is how we can

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Speaker 1: be for the little guys. Yeah, that's true possibly.

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Speaker 1: But the way I personally look at it is this

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Speaker 1: is how you can make a lot of money or

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Speaker 1: the little amount of money that you may have a

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Speaker 1: lot littler in most of the cases. So I ask

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Speaker 1: all of you to just watch what happened

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Speaker 1: and are you happy you bought? Are you happy that

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Speaker 1: you decided not to buy? Do you really think that

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Speaker 1: this can be done again?

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Speaker 1: Really? Maybe. Yes, maybe. No. It's probably changed the way

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Speaker 1: of investing forever in many ways, but it's something that

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Speaker 1: I hope most of you

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Speaker 1: if you participated in it, I hope you took your

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Speaker 1: profits when they were there.

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Speaker 1: You know it's a crazy thing. I read that one

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Speaker 1: of the people that originated this has lost $30 million

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Speaker 1: dollars and he's still holding on.

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Speaker 1: Really? You didn't want to sell when it was up?

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Speaker 1: By $30 million?

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Speaker 1: Are you kidding me? Okay. I just wanted to go

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Speaker 1: there for a second but where I really want to

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Speaker 1: go

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Speaker 1: right now in Susie school is to Bitcoin

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Speaker 1: because it's just so confusing as to why I'm talking

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Speaker 1: about it and why I'm wanting to educate you on

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Speaker 1: it a little bit and why I'm encouraging you to

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Speaker 1: just experience it in a very small amount of money

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Speaker 1: or an amount of money that really doesn't matter to you.

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Speaker 1: And so to do that,

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Speaker 1: I kind of want to start with a story

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Speaker 1: and what I learned over all the years that I've

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Speaker 1: been doing this.

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Speaker 1: It was in 1980 when I first became a stockbroker

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Speaker 1: and back then

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Speaker 1: when you worked for a brokerage firm and you were

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Speaker 1: there for a long, long time,

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Speaker 1: you were known as a dinosaur,

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Speaker 1: you had been through it all and you were really

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Speaker 1: stayed in your ways

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Speaker 1: and back then

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Speaker 1: a new type of trading was starting. It had been

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Speaker 1: started for a while, but it was hadn't gained the

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Speaker 1: popularity that it has today and that was known as

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Speaker 1: options training

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Speaker 1: And I really took an interest in options and I

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Speaker 1: figured out a way to make a lot of money

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Speaker 1: for my clients by selling covered calls. We don't need

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Speaker 1: to go into what that is. But that's what I

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Speaker 1: started to specialise him

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Speaker 1: And I was very easily making 20-25% for my clients

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Speaker 1: on their money. And I wanted to learn from the

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Speaker 1: dinosaurs because obviously if this was something that I was

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Speaker 1: interested in,

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Speaker 1: then they could possibly teach me and I'll never forget

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Speaker 1: going to them. And ST Susie,

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Speaker 1: that's not how you make money for people. This is

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Speaker 1: how you do it. We're not interested in options. It's

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Speaker 1: not something that we really know much about because this

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Speaker 1: is how we invest.

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Speaker 1: And I remember thinking to myself at that time,

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Speaker 1: man, we should always be open to new things. Things

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Speaker 1: are going to change as times go on, things are

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Speaker 1: going to change, and we need to know how to

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Speaker 1: take advantage of the change.

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Speaker 1: And it's even true to this day,

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Speaker 1: you know that a company really needs to know how

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Speaker 1: to change itself

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Speaker 1: and if there are companies out there

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Speaker 1: and they're not on like the right side of change

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Speaker 1: and what's happening out there with technology and everything, these

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Speaker 1: are companies that probably won't be around, like they used

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Speaker 1: to be.

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Speaker 1: So you always have to be on the right side

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Speaker 1: of change.

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Speaker 1: The other change

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Speaker 1: That has happened since I started was that in 1980,

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Speaker 1: the baby boomers. Now baby boomers, if you remember, I

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Speaker 1: happen to be a baby boomer

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Speaker 1: Were those that were born from 1946 to 1964, and

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Speaker 1: in 1980 that made most baby boomers between the ages

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Speaker 1: of 16 and 34.

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Speaker 1: And the reason that that mattered

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Speaker 1: is because I remember having a sales meeting every single

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Speaker 1: Tuesday

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Speaker 1: and people would keep saying that people that would be

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Speaker 1: giving these talks to teach us how to invest

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Speaker 1: is invest with what baby boomers would want to buy

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Speaker 1: Stocks that would interest them because it's these baby boomers

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Speaker 1: that as they get older will inherit money there, 76

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Speaker 1: million of them and Blah Blah Blah Blah, let's gear

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Speaker 1: everything towards them.

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Speaker 1: All right. And that's kind of what we did.

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Speaker 1: But that was 1980.

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Speaker 1: We are now in 2021

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Speaker 1: and now we need to look at the millennials

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Speaker 1: Because the millennials currently make up about 1/3 of the

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Speaker 1: workforce in the United States of America. And very shortly

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Speaker 1: before you know it, they're going to be making up 75%

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Speaker 1: of the work force. And a millennial is somebody that

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Speaker 1: was born between 1981 and 1996.

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Speaker 1: So that makes them between 25 and 40. Not a

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Speaker 1: whole lot different than the baby boomers back in 1980

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Speaker 1: when I first started.

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Speaker 1: And it's these millennials,

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Speaker 1: these millennials are about to inherit one of the greatest

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Speaker 1: transfers of wealth out there. If you think about it

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Speaker 1: then I'm getting older

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Speaker 1: A lot of the baby boomers are getting really older

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Speaker 1: and we will transfer our wealth down to who the millennials.

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Speaker 1: And so the millennials not only are they making up

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Speaker 1: a big part of the workforce and more and more

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Speaker 1: every year that passes but they're also going to be

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Speaker 1: incredibly wealthy, inheriting money from the baby boomers.

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Speaker 1: What are the millennials interested in today?

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Speaker 1: They are interested in technology, they are interested in innovation

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Speaker 1: and they are also interested in Bitcoins,

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Speaker 1: they're interested in crypto currency

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Speaker 1: and therefore we have to understand their buying power and

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Speaker 1: where they could take investments. You just have to understand that.

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Speaker 1: But it's not just the millennials that we have to

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Speaker 1: look at. We also have to look at what our

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Speaker 1: institutions doing today with their money because you know the

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Speaker 1: other thing that I learned back in 1980 when I

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Speaker 1: first started and I knew absolutely nothing

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Speaker 1: about money, nothing

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Speaker 1: and people would come and they would become my clients

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Speaker 1: because I was the broker of the day and what

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Speaker 1: that meant was that everybody that came into Merrill lynch

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Speaker 1: that day that did not have a stockbroker, they came

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Speaker 1: to see you

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Speaker 1: And it was back in 1980 really the discount brokers

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Speaker 1: and 0% commissions and no load mutual funds, they really

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Speaker 1: weren't as popular obviously as they are today.

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Speaker 1: So most people still did business through full service brokerage firms.

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Speaker 1: It was the only way to buy and sell Charles

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Speaker 1: Schwab was there. But really the majority of people were

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Speaker 1: still doing it through the Merrill Lynch's and the Dean

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Speaker 1: Witter's and all those people.

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Speaker 1: Okay,

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Speaker 1: okay.

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Speaker 1: I realized back then

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Speaker 1: that I didn't know anything. And what's great about life

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Speaker 1: is when you know something

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Speaker 1: and what's greater about life is when, you know, you

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Speaker 1: don't know something

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Speaker 1: and when a client would sit down with me,

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Speaker 1: I would be honest with them. I would say, you

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Speaker 1: know what, I don't know about any of this? I'm learning,

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Speaker 1: I don't have any money.

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Speaker 1: And I remember them saying to me, don't worry, susie,

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Speaker 1: we have money. That's why we're here. But we also

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Speaker 1: know what we want to invest in.

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Speaker 1: So just do what I tell you and we'll be fine.

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Speaker 1: And that's how I started. And I then started to

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Speaker 1: realize that there were certain people with large sums of

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Speaker 1: money that when they did something I would call up

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Speaker 1: my other clients and tell them to do the same thing.

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Speaker 1: So I was going where the big money was going

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Speaker 1: and that made me money

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Speaker 1: not all the time, sometimes we lost but the majority

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Speaker 1: of the times we did not.

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Speaker 1: And so now we have to look at where is

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Speaker 1: the big money starting to go? What is starting to

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Speaker 1: change for the first time

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Speaker 1: since crypto currency has come out.

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Speaker 1: I'm one of the things that is starting to change

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Speaker 1: is that major corporations

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Speaker 1: are putting their cash into Bitcoins.

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Speaker 1: That is starting to be a big deal.

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Speaker 1: It was around August 17 of last year

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Speaker 1: when I was just looking at you know certain corporations

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Speaker 1: and certain companies and how much cash do they have

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Speaker 1: on hand and blah blah blah blah.

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Speaker 1: And then I came across this company that had been

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Speaker 1: brought to my attention actually and I started to look

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Speaker 1: at it and the ceo, he decided that he was

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Speaker 1: going to put

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Speaker 1: all of the cache of this company, a technology company

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Speaker 1: into Bitcoin versus letting it just sit there

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Speaker 1: In cash reserves, making like 0.5

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Speaker 1: 1% whatever it may have been.

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Speaker 1: But I'm thinking to myself that he may just be

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Speaker 1: on to something here.

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Speaker 1: So I thought why not give it a try and

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Speaker 1: I bought it and paid $145 a share.

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Speaker 1: Bitcoin started to go up and up and up and

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Speaker 1: I started to notice that as Bitcoin went up the

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Speaker 1: price of this stock started to go up and up.

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Speaker 1: In fact on Friday, it closed at $806 a share.

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Speaker 1: This corporation is playing Bitcoin with its reserves and because

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Speaker 1: Bitcoin is going up

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Speaker 1: and as Bitcoin going up because corporations are starting to

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Speaker 1: put their money into Bitcoin, is this a very interesting

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Speaker 1: thing that's happening to Bitcoin

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Speaker 1: And then I started to look at other companies such

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Speaker 1: as Square,

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Speaker 1: Which put one

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Speaker 1: of its assets into Bitcoin. And if you don't know

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Speaker 1: what square is a square? Is this company that was

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Speaker 1: created by Jack Dorsey who created twitter where you know

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Speaker 1: you can swipe your little cards and everything, fabulous little

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Speaker 1: company that's made a lot of money

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Speaker 1: but what really

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Speaker 1: is crazy is that seriously conservative institutions

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Speaker 1: are starting to put their cash reserves into Bitcoin.

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Speaker 1: Another one that was called to my attention

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Speaker 1: was that mass mutual

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Speaker 1: Put some of its money about $100 million dollars which

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Speaker 1: is nothing to them by the way just so you

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Speaker 1: know nothing, it's like pennies to them in two bit coin.

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Speaker 1: Now the reason that I'm telling you this

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Speaker 1: is that Bitcoin now

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Speaker 1: is starting in many ways to become very legitimate when

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Speaker 1: you see corporations starting to do this and I understand

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Speaker 1: that there are many cryptocurrencies out there, but currently as

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Speaker 1: we speak,

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Speaker 1: Bitcoin really is one of the most secure.

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Speaker 1: So not only that

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Speaker 1: but now you have all these other places because remember

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Speaker 1: for all these years I remember sitting down with somebody

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Speaker 1: so many years ago who had hundreds of thousands of

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Speaker 1: dollars in Bitcoin in this wallet

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Speaker 1: and I couldn't understand the concept of this wallet and

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Speaker 1: she kept the wallet in India with her father so

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Speaker 1: nobody could steal it. And I'm like and Bitcoin was

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Speaker 1: so cheap back then and I'm like I don't think so.

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Speaker 1: Where do you get a wallet? I don't understand passcodes.

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Speaker 1: What if you forget your passcode? And I wasn't interested

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Speaker 1: until

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Speaker 1: seriously I started to see this one stock and what

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Speaker 1: they were doing.

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Speaker 1: And then I had noticed that Paypal you could actually

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Speaker 1: buy Bitcoin on Paypal.

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Speaker 1: And then I'm thinking oh my God

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Speaker 1: they're now making it so everybody everybody could invest in Bitcoin.

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Speaker 1: And then you see fidelity wanting to get in to

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Speaker 1: being into Bitcoin. Being able to hold the Bitcoin assets

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Speaker 1: and you have all these other exchanges now and everything

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Speaker 1: that are making Bitcoins seriously legitimate.

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Speaker 1: So for those reasons,

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Speaker 1: Those reasons from the millennials to the corporations and to

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Speaker 1: the future of the $600 billion dollar market

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Speaker 1: now this is not a game stop play.

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Speaker 1: But those are the reasons

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Speaker 1: that I am starting to get really, really interested in

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Speaker 1: Bitcoin now. I haven't checked Bitcoin today because I'm so

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Speaker 1: busy getting ready for the Super Bowl. But

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Speaker 1: Yesterday last time I looked it was backed up at

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Speaker 1: almost $41,000 a Bitcoin.

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Speaker 1: Now, so many of you got mad at me because

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Speaker 1: I first started talking about this to all of you

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Speaker 1: when it was around $42,000 a Bitcoin. Then it went

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Speaker 1: down to $29,000 a Bitcoin. Then you're like

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Speaker 1: remember this isn't where you go in and you buy

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Speaker 1: a big summer Bitcoin right now and that's that little

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Speaker 1: by little didn't I say to you if it was

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Speaker 1: $50 a month or $100 a month. But the main

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Speaker 1: thing that you need to understand is that I really

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Speaker 1: do think that there's something here that we need to

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Speaker 1: examine

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Speaker 1: and I do think on some level it is the future.

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Speaker 1: I don't know where the future is going to go,

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Speaker 1: I don't know where the millennials are going to take

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Speaker 1: the future,

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Speaker 1: but I do think it's something that we should be

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Speaker 1: involved in. Now, Katie says to me the other day, Susie,

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Speaker 1: you have to explain to everybody who owns Bitcoin who

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Speaker 1: owns them

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Speaker 1: because you know Susie you talk about a stock and

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Speaker 1: we know individuals own stock but they're buying stock of

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Speaker 1: a company, they know the company, they know the ceo

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Speaker 1: what do they know about Bitcoin? And I said Katie

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Speaker 1: that is the point.

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Speaker 1: No buddy owns Bitcoin and because nobody owns Bitcoin, that's

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Speaker 1: why it can be democratized,

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Speaker 1: that's why nobody can really stop this. It's not like liberal.

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Speaker 1: Now libra was the name of a crypto currency and

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Speaker 1: is the name of a Cryptocurrency for facebook

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Speaker 1: and because facebook an essence created and owned in its

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Speaker 1: own way libra,

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Speaker 1: the United States and china was able to come and

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Speaker 1: say we do not want Libya to trade and kind

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Speaker 1: of came in and cab bashed liberal because they had

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Speaker 1: a place to go because somebody kind of owned it

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Speaker 1: with Bitcoin. They can't do that. Even when china shut

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Speaker 1: down Bitcoin saying you cannot trade Bitcoin here. It didn't matter,

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Speaker 1: it didn't matter because people just did it in Japan

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Speaker 1: and all these other places and so they weren't able

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Speaker 1: to shut it down really.

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Speaker 1: And so Bitcoin is a whole different entity because

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Speaker 1: nobody

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Speaker 1: is in charge of it which believe it or not

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Speaker 1: makes it great. Now, I don't know if this was

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Speaker 1: all too much for all of you, but I don't

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Speaker 1: think it is.

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Speaker 1: But what's important about today's podcast

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Speaker 1: is I want all of you to start to put

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Speaker 1: on a whole new type of investing hat,

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Speaker 1: which allows you to bring in different alternatives, different ways

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Speaker 1: to think and what the future may bring.

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Speaker 1: You know, and I've told you this before and I'm

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Speaker 1: going to tell you this again. One of my favorite

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Speaker 1: favorite investors is a woman by the name of Cathy

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Speaker 1: Wood

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Speaker 1: and I really think that a lot of you should

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Speaker 1: look into her arc innovations funds because I think as

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Speaker 1: time goes on, it's going to become more and more

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Speaker 1: difficult in terms of what stuck, What should I do?

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Speaker 1: How do I do it unless you really get involved

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Speaker 1: with it?

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Speaker 1: And at least in Kathy's exchange traded funds. And I

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Speaker 1: think there's three or four or five of them now,

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Speaker 1: she knows when to sell, she knows when to buy

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Speaker 1: and I think you would be in really good hands,

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Speaker 1: you might even be in better hands

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Speaker 1: now. You're all just going to think I've lost my

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00:21:58,810 --> 00:22:02,960
Speaker 1: mind here then even the vanguard total stock market index

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Speaker 1: funds or they're standing and pours index funds because I

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00:22:06,220 --> 00:22:10,500
Speaker 1: think things are going to start to change now. The

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Speaker 1: great thing about Kathy

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Speaker 1: is that she does all of her research and everything

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Speaker 1: and puts it online for all of you to read.

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Speaker 1: So if really you're interested on any level to continue

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Speaker 1: to learn about these things, then

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Speaker 1: you would go to Arc A RK dash invest dot

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Speaker 1: com

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00:22:32,840 --> 00:22:36,169
Speaker 1: and just start to get to know this.

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Speaker 1: So this is a little bit more of a heavy

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Speaker 1: Suzie school today, but one that I think we need

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Speaker 1: to go to

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Speaker 1: one thing more before I end here, which is I

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Speaker 1: was being interviewed. Um I don't know why did so

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Speaker 1: many interviews last week by somebody

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Speaker 1: and they said to me Susie

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Speaker 1: when women want to learn how to invest, where do

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00:23:00,580 --> 00:23:02,890
Speaker 1: they go, where do they want? You know what should

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00:23:02,890 --> 00:23:06,669
Speaker 1: they do they need to learn, How do they do that?

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Speaker 1: And my response to them was very simple.

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Speaker 1: There are so many places out there that you can

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Speaker 1: learn what you need to learn.

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Speaker 1: But the problem is do you want to learn because

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Speaker 1: if you don't want to learn you're not going to learn.

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00:23:25,140 --> 00:23:28,909
Speaker 1: But there are thousands of places, whether it's watching CNBC

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Speaker 1: or again listening to this podcast or reading one of

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00:23:31,260 --> 00:23:34,889
Speaker 1: my books or going to Arc dash invest dot com

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Speaker 1: or whatever it may be. There's so many places and

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Speaker 1: I think it's so important that you really do get

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Speaker 1: involved with your money and you start

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00:23:44,340 --> 00:23:48,800
Speaker 1: to learn about it in even more detail. Obviously we

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00:23:48,800 --> 00:23:51,810
Speaker 1: have to do personal finance. You have to know do

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00:23:51,810 --> 00:23:55,590
Speaker 1: you do a broth or a traditional student loans, mortgages

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00:23:55,600 --> 00:23:57,060
Speaker 1: will always do that,

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Speaker 1: but I also want you to learn how to become

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00:24:00,020 --> 00:24:04,690
Speaker 1: really a little bit more independent with the investment decisions

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00:24:04,690 --> 00:24:05,860
Speaker 1: that you make

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00:24:06,640 --> 00:24:09,460
Speaker 1: because when you are powerful over your money

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00:24:09,940 --> 00:24:13,370
Speaker 1: then you are powerful over your life and that is

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Speaker 1: the goal of the women and money podcast. So this

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00:24:17,820 --> 00:24:20,430
Speaker 1: is another podcast that you might just want to play

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00:24:20,440 --> 00:24:24,640
Speaker 1: over and over again. So you can understand what I'm

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00:24:24,640 --> 00:24:26,460
Speaker 1: trying to teach you here

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00:24:27,240 --> 00:24:28,949
Speaker 1: and I'm trying to teach you

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Speaker 1: because I want you all

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Speaker 1: to be strong,

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00:24:34,040 --> 00:24:36,260
Speaker 1: smart and secure,

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00:24:36,740 --> 00:24:40,790
Speaker 1: enjoy Super Bowl today May the team you're rooting for?

415
00:24:40,800 --> 00:24:45,449
Speaker 1: Absolutely win. Emma, you always remember that when it comes

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Speaker 1: to money, there is only one thing that matters. And

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Speaker 1: it is this people first, then money, then things now

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Speaker 1: you stay

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Speaker 1: safe. We can't get

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Speaker 1: with those ass.

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Speaker 1: Yeah.

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Speaker 1: Yeah.

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Speaker 1: We just

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Speaker 1: Mhm.

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Speaker 1: Another street.

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Speaker 1: All right.