1 00:00:00,009 --> 00:00:02,960 Intro: OK, Suze, are you ready for today's podcast? Oh, 2 00:00:02,970 --> 00:00:06,218 Intro: you bet I am cause I'm unstoppable. (Music) 3 00:00:28,629 --> 00:00:33,240 Robert: September 17th, 2023. Hi, everybody. This is Suze's producer, Robert 4 00:00:33,250 --> 00:00:36,470 Robert: here and welcome to the Women and Money podcast and 5 00:00:36,479 --> 00:00:41,529 Robert: everyone smart enough to listen. So Suze and KT are back. 6 00:00:41,540 --> 00:00:44,450 Robert: They're safe here in the United States after their adventures 7 00:00:44,459 --> 00:00:48,568 Robert: in Italy and Spain. But today I'm going to invoke 8 00:00:48,580 --> 00:00:51,610 Robert: one of my responsibilities as producer 9 00:00:52,450 --> 00:00:55,560 Robert: and that's giving Suze a few extra days off before 10 00:00:55,569 --> 00:00:58,580 Robert: we produce a new episode. I can tell you that 11 00:00:58,590 --> 00:01:01,259 Robert: Susie and KT will be back this Thursday for an 12 00:01:01,270 --> 00:01:05,419 Robert: Ask KT and Suze Anything podcast and I'm sure they 13 00:01:05,430 --> 00:01:10,348 Robert: will have wonderful highlights from their journey. Now, speaking of 14 00:01:10,360 --> 00:01:11,139 Robert: highlights 15 00:01:12,099 --> 00:01:14,220 Robert: today, we're gonna hear part of an episode that we 16 00:01:14,230 --> 00:01:18,830 Robert: published in June called Look For Change. We hope you enjoy. 17 00:01:19,860 --> 00:01:24,800 Suze: All right, it is Suze School today and the topic 18 00:01:24,809 --> 00:01:28,010 Suze: of Susie's school today is change. 19 00:01:28,779 --> 00:01:34,230 Suze: How does change and what happens in the world affect 20 00:01:34,239 --> 00:01:40,279 Suze: how you invest and what you invest in. It was 21 00:01:40,290 --> 00:01:45,069 Suze: 1980 I first became a stockbroker at Merrill Lynch and 22 00:01:45,080 --> 00:01:47,269 Suze: I was so proud to be a stockbroker 23 00:01:48,110 --> 00:01:51,720 Suze: and to be a stockbroker, you have to study and 24 00:01:51,730 --> 00:01:54,750 Suze: get your series seven exam and know everything about the 25 00:01:54,760 --> 00:01:58,709 Suze: economy and all of these things so that you really 26 00:01:58,720 --> 00:02:06,019 Suze: know how to invest people's money. Theoretically speaking, because learning 27 00:02:06,029 --> 00:02:11,160 Suze: about it and doing it is a whole another thing. However, 28 00:02:11,869 --> 00:02:16,990 Suze: during that time, I was the only woman stockbroker, most 29 00:02:17,000 --> 00:02:20,960 Suze: of the other 105 stockbrokers, all male 30 00:02:21,669 --> 00:02:26,360 Suze: we're so much older than me. It's not even funny. 31 00:02:27,500 --> 00:02:28,190 Suze: And 32 00:02:28,919 --> 00:02:31,709 Suze: I wanted to learn, I would always go to them 33 00:02:31,720 --> 00:02:34,970 Suze: and say, can you teach me this? What about this? 34 00:02:34,979 --> 00:02:39,019 Suze: What does this mean? And they would answer? And we 35 00:02:39,029 --> 00:02:40,448 Suze: had a great relationship. 36 00:02:41,320 --> 00:02:47,500 Suze: But I also had an older brother who was brilliant 37 00:02:47,520 --> 00:02:52,410 Suze: and he still is. And he would say to me, Susie, 38 00:02:52,919 --> 00:02:57,008 Suze: you need to learn how to do a technique called 39 00:02:57,020 --> 00:02:59,329 Suze: covered call writing. 40 00:03:27,619 --> 00:03:28,229 Suze: And if you could do that, you can make yourself and your clients a lot of money. And I said, well, Bobby, what's that about? And he said, Suze, it's about options. Options can be speculative, Suze. But they can also be used to be very conservative and I'm doing it, Suze, and I'm making a good 20% every few months on my money. 41 00:03:28,690 --> 00:03:32,339 Suze: But you should go to the brokers and learn about 42 00:03:32,350 --> 00:03:33,418 Suze: it from them 43 00:03:34,610 --> 00:03:38,250 Suze: And I'll never forget being so excited to go in 44 00:03:38,259 --> 00:03:40,139 Suze: the next day. And I went up to what I 45 00:03:40,149 --> 00:03:44,300 Suze: thought was the top broker at the time. And 46 00:03:44,889 --> 00:03:47,899 Suze: I said to him, can you teach me about covered 47 00:03:47,910 --> 00:03:51,339 Suze: call writing? And he said to me, oh, please, Suze, 48 00:03:51,429 --> 00:03:53,020 Suze: you don't want to learn about that. 49 00:03:53,710 --> 00:03:55,720 Suze: Options will never catch on. 50 00:03:56,419 --> 00:03:59,320 Suze: They're just something they will come and they will go. 51 00:03:59,330 --> 00:04:01,949 Suze: So don't waste your time learning about them. 52 00:04:02,589 --> 00:04:04,919 Suze: So I went to another broker thinking all right, he 53 00:04:04,929 --> 00:04:11,419 Suze: just doesn't like them one after another refused to acknowledge 54 00:04:11,429 --> 00:04:15,770 Suze: that this possibly could be an investment strategy that really 55 00:04:15,779 --> 00:04:19,820 Suze: would take hold and is something that they should learn about. 56 00:04:21,070 --> 00:04:26,000 Suze: And to this day, it's still around, options are still around. 57 00:04:26,079 --> 00:04:29,229 Suze: You can use them in many different ways to make 58 00:04:29,238 --> 00:04:33,230 Suze: serious sums of money and possibly lose serious sums if 59 00:04:33,238 --> 00:04:35,670 Suze: you also don't know what you're doing with them 60 00:04:36,299 --> 00:04:39,640 Suze: Maybe one day, I'll give a master class on covered 61 00:04:39,649 --> 00:04:44,669 Suze: call writing because it's a fabulous thing to do in 62 00:04:44,678 --> 00:04:50,988 Suze: markets that are steady or that are going down. But anyway, 63 00:04:51,559 --> 00:04:52,929 Suze: back to the point. 64 00:04:53,609 --> 00:04:57,899 Suze: So there were a group of financial advisers that just 65 00:04:57,910 --> 00:05:01,859 Suze: never kept up with things as things were changing. 66 00:05:03,000 --> 00:05:06,619 Suze: And then the younger ones came in and they kept 67 00:05:06,630 --> 00:05:10,308 Suze: up with everything and they were able to use everything 68 00:05:10,320 --> 00:05:11,559 Suze: that was new. 69 00:05:12,200 --> 00:05:16,969 Suze: And I think about this because I think about today 70 00:05:17,649 --> 00:05:25,899 Suze: how fast everything is still changing when it comes to investing. 71 00:05:26,880 --> 00:05:32,359 Suze: I mean, with the aid of technology and robotic investing 72 00:05:32,380 --> 00:05:36,730 Suze: and all these things and being able to buy and 73 00:05:36,738 --> 00:05:39,589 Suze: sell with the push of a button and on and 74 00:05:39,600 --> 00:05:46,890 Suze: on investing has taken on a very, very different type 75 00:05:46,899 --> 00:05:52,089 Suze: of understanding as to how it really works. Now, obviously 76 00:05:52,100 --> 00:05:56,549 Suze: it still works with stocks going up, stocks going down. 77 00:05:56,785 --> 00:06:02,325 Suze: But the velocity and certain other things have absolutely changed. 78 00:06:02,334 --> 00:06:05,954 Suze: A lot of the indicators that we used to use 79 00:06:05,964 --> 00:06:09,575 Suze: years ago to indicate are the markets going up? Are 80 00:06:09,584 --> 00:06:12,475 Suze: the markets going down, what's going to happen? 81 00:06:13,149 --> 00:06:17,619 Suze: So even I need to start thinking maybe the vics 82 00:06:17,630 --> 00:06:20,678 Suze: that I've talked to all of you about maybe it's 83 00:06:20,690 --> 00:06:26,209 Suze: not accurate anymore because of how it works now. So 84 00:06:26,220 --> 00:06:29,709 Suze: there are other things we need to look at when 85 00:06:29,720 --> 00:06:34,239 Suze: making decisions as to where should we be investing, how 86 00:06:34,250 --> 00:06:37,980 Suze: should we be investing, what should we be doing? 87 00:06:39,119 --> 00:06:39,630 Suze: But 88 00:06:40,290 --> 00:06:44,738 Suze: we have to pay attention to change. 89 00:06:45,410 --> 00:06:50,159 Suze: What's interesting is that many of you are paying attention 90 00:06:50,170 --> 00:06:51,178 Suze: to change. 91 00:06:51,820 --> 00:06:58,220 Suze: You're thinking for instance, that everything's going to become electrified, 92 00:06:58,559 --> 00:07:01,869 Suze: we're gonna have electric cars, we're not gonna need gasoline 93 00:07:01,880 --> 00:07:05,190 Suze: anymore and on and on and on. 94 00:07:06,220 --> 00:07:11,010 Suze: However, sometimes change happens very, very fast 95 00:07:11,760 --> 00:07:16,890 Suze: and sometimes change happens very, very slowly. 96 00:07:17,510 --> 00:07:21,880 Suze: And when it comes to the United States of America 97 00:07:21,890 --> 00:07:26,799 Suze: and or for instance, the global economy, 98 00:07:28,230 --> 00:07:33,480 Suze: it's very, very slow, when it comes to energy. 99 00:07:34,410 --> 00:07:37,690 Suze: It has now been stated by many that it will 100 00:07:37,700 --> 00:07:44,179 Suze: be the year 2050 by then only 50% 101 00:07:45,040 --> 00:07:49,970 Suze: of the global markets will be electrified. So what that 102 00:07:49,980 --> 00:07:56,209 Suze: means to you is don't think that energy oil, that 103 00:07:56,220 --> 00:08:01,630 Suze: those things are going away. Don't think it because it's 104 00:08:01,640 --> 00:08:05,290 Suze: not true. At least not yet. 105 00:08:06,200 --> 00:08:10,250 Suze: So when I talk to you about energy and stocks 106 00:08:10,260 --> 00:08:14,869 Suze: such as PXD and Devon and everything and the dividends 107 00:08:14,880 --> 00:08:17,640 Suze: that they pay. And a lot of you think, oh, 108 00:08:17,649 --> 00:08:20,529 Suze: why would we be investing in that? 109 00:08:21,429 --> 00:08:25,239 Suze: It's not going away. Now, with that said, I will 110 00:08:25,250 --> 00:08:28,649 Suze: be the first one to tell you that I understand 111 00:08:28,989 --> 00:08:34,280 Suze: the ramifications that it has on the world and the climate. 112 00:08:34,289 --> 00:08:39,080 Suze: I get that everybody, but I also get that 113 00:08:39,770 --> 00:08:43,880 Suze: it also can be a very wise investment and then 114 00:08:43,890 --> 00:08:46,239 Suze: you can take the money and do whatever you want 115 00:08:46,250 --> 00:08:49,289 Suze: with it to possibly help the world. But whether you 116 00:08:49,299 --> 00:08:52,960 Suze: invest in it or not, it's not going to be 117 00:08:52,969 --> 00:08:55,380 Suze: going away that soon. 118 00:08:56,419 --> 00:09:01,630 Suze: Change can also happen when it comes to real estate 119 00:09:01,640 --> 00:09:06,099 Suze: based on its location. Now, I know a lot of 120 00:09:06,109 --> 00:09:09,250 Suze: you love to invest in real estate. 121 00:09:09,849 --> 00:09:12,349 Suze: You're gonna buy this home and a second home and 122 00:09:12,359 --> 00:09:15,579 Suze: you're going to buy real estate because you know, real 123 00:09:15,590 --> 00:09:19,419 Suze: estate always goes up or so you think, 124 00:09:20,270 --> 00:09:24,260 Suze: and I just want to tell you again another little 125 00:09:24,270 --> 00:09:29,699 Suze: story here, which is I lived in the Bay Area 126 00:09:29,710 --> 00:09:36,599 Suze: around San Francisco starting in 1973. And I lived there 127 00:09:36,609 --> 00:09:40,799 Suze: for over 20 some odd years. I lived there into 128 00:09:40,809 --> 00:09:44,640 Suze: the mid two thousands. Ok. And 129 00:09:44,909 --> 00:09:48,929 Suze: I loved it. KT and I had this fabulous house. 130 00:09:48,940 --> 00:09:52,030 Suze: It was on Broderick. We loved it. We would walk 131 00:09:52,039 --> 00:09:54,280 Suze: out the door and in a few blocks we'd be 132 00:09:54,289 --> 00:09:57,218 Suze: walking on Chrissy Fields and we could go out to 133 00:09:57,229 --> 00:10:00,218 Suze: eat with just walking. We loved it. 134 00:10:00,890 --> 00:10:07,089 Suze: And then I started to notice things started to change. 135 00:10:07,159 --> 00:10:10,820 Suze: And I said to KT - KT, I really want to sell 136 00:10:10,830 --> 00:10:15,109 Suze: this house. It's time for us to make a change 137 00:10:15,119 --> 00:10:17,659 Suze: and for us to leave. 138 00:10:18,309 --> 00:10:21,189 Suze: And so we sold it right away, sold in about 139 00:10:21,200 --> 00:10:22,960 Suze: a week and we left. 140 00:10:23,630 --> 00:10:25,710 Suze: Now, this was a number of years ago. 141 00:10:26,359 --> 00:10:28,369 Suze: And since that time 142 00:10:28,960 --> 00:10:33,940 Suze: I have watched now San Francisco, one of the more 143 00:10:33,950 --> 00:10:37,969 Suze: beautiful cities in the world change 144 00:10:39,190 --> 00:10:44,000 Suze: change, not geographically, the hills and the o it's all 145 00:10:44,010 --> 00:10:45,280 Suze: beautiful still, 146 00:10:46,450 --> 00:10:52,500 Suze: but crime has taken over parts of San Francisco. 147 00:10:53,400 --> 00:10:57,929 Suze: You have the main whole foods that was located there left, 148 00:10:58,369 --> 00:11:04,020 Suze: you have Nordstrom's left. These were stores that KT and 149 00:11:04,030 --> 00:11:05,659 Suze: I would shop at. 150 00:11:06,789 --> 00:11:13,369 Suze: And just recently, one of the country's largest publicly traded 151 00:11:13,380 --> 00:11:20,780 Suze: REITs and REIT is a real estate investment trust. And 152 00:11:20,789 --> 00:11:25,229 Suze: that is how many people invest in real estate when 153 00:11:25,239 --> 00:11:30,020 Suze: they themselves don't want to own their own individual property. 154 00:11:30,549 --> 00:11:36,840 Suze: So they invest in an REIT that REIT buys certain 155 00:11:36,849 --> 00:11:40,979 Suze: types of real estate, they make money, they get dividends 156 00:11:40,989 --> 00:11:44,750 Suze: and that's how they do it. But Park hotels and 157 00:11:44,760 --> 00:11:51,829 Suze: Resorts Inc., one of the country's largest publicly traded REITs 158 00:11:52,419 --> 00:12:00,109 Suze: recently just stopped making payments on both of its 1921 room, 159 00:12:00,119 --> 00:12:05,590 Suze: Hilton Hotel in San Francisco in Union Square, everybody. 160 00:12:06,340 --> 00:12:13,409 Suze: And it's 1000 room Park, 55 San Francisco properties, that's 161 00:12:13,419 --> 00:12:17,250 Suze: almost 3000 rooms 162 00:12:18,349 --> 00:12:22,729 Suze: that they were making money on. They stopped making payments 163 00:12:22,739 --> 00:12:27,130 Suze: on both of those properties and they expect to remove 164 00:12:27,140 --> 00:12:30,650 Suze: them from their portfolio. 165 00:12:31,500 --> 00:12:34,630 Suze: So many changes can happen, 166 00:12:36,000 --> 00:12:39,330 Suze: which is why it's important for you to also watch 167 00:12:39,340 --> 00:12:43,209 Suze: the investments that you are making and where are they 168 00:12:43,219 --> 00:12:48,200 Suze: invested and what is going on? One change that is 169 00:12:48,210 --> 00:12:53,770 Suze: absolutely going to be happening here. Instead you have China 170 00:12:54,250 --> 00:13:00,030 Suze: that is continuing to develop their digital WAN their currency. 171 00:13:00,469 --> 00:13:03,130 Suze: Now everybody else in the United States and everybody has 172 00:13:03,140 --> 00:13:07,599 Suze: seemed to back off on that, but China has not 173 00:13:07,609 --> 00:13:08,500 Suze: backed off. 174 00:13:09,479 --> 00:13:14,510 Suze: And what that could mean in the future is tremendous 175 00:13:14,520 --> 00:13:17,809 Suze: differences for global trade. 176 00:13:18,770 --> 00:13:22,760 Suze: So I know that this isn't saying do this and 177 00:13:22,770 --> 00:13:27,750 Suze: do that. What this podcast is all about is that 178 00:13:27,760 --> 00:13:32,179 Suze: the change that has come over the years, the change 179 00:13:32,190 --> 00:13:35,500 Suze: that will continue to come and the change that might 180 00:13:35,510 --> 00:13:39,320 Suze: be right before your very eyes that you need to 181 00:13:39,330 --> 00:13:44,659 Suze: pay attention to when it comes to investing. 182 00:13:45,859 --> 00:13:49,390 Suze: Now, one thing that you have to know, 183 00:13:50,369 --> 00:13:55,969 Suze: people tend to be more pessimistic than optimistic. 184 00:13:56,799 --> 00:13:59,849 Suze: They feel like, oh, yes, yes, everything's gonna come to 185 00:13:59,859 --> 00:14:04,369 Suze: an end. Nothing's gonna be ok. Therefore I shouldn't participate 186 00:14:04,380 --> 00:14:08,390 Suze: in it and they get totally negative and they don't 187 00:14:08,400 --> 00:14:10,770 Suze: get out of that stance. 188 00:14:11,440 --> 00:14:15,510 Suze: What I've realized over all the years that I've been doing, 189 00:14:15,520 --> 00:14:22,320 Suze: this is your true nature is to be positive. Your 190 00:14:22,330 --> 00:14:26,229 Suze: true nature is to want things to go up more 191 00:14:26,239 --> 00:14:28,130 Suze: than you want them to go down. 192 00:14:29,049 --> 00:14:33,099 Suze: And there are trillions of dollars right now on the 193 00:14:33,109 --> 00:14:37,539 Suze: sidelines waiting for something to do with it. 194 00:14:38,919 --> 00:14:42,190 Suze: So my advice to all of you would be, it's 195 00:14:42,200 --> 00:14:48,369 Suze: important to continue to dollar cost average every single month, 196 00:14:48,380 --> 00:14:49,530 Suze: whether it's in 197 00:14:50,010 --> 00:14:54,140 Suze: the Vanguard Total Stock Market index ETF or the Standard 198 00:14:54,150 --> 00:15:01,469 Suze: and Poors ETF or individual stocks, it's really, really important 199 00:15:01,479 --> 00:15:05,580 Suze: to be involved now and get your money to work 200 00:15:05,590 --> 00:15:10,719 Suze: that way for you as well. Obviously, when you have 201 00:15:10,729 --> 00:15:14,559 Suze: money that you want safe and sound 202 00:15:15,340 --> 00:15:18,179 Suze: that you don't want anything to happen to, 203 00:15:18,820 --> 00:15:21,700 Suze: then that's when you look at things like the Alliant 204 00:15:21,710 --> 00:15:27,590 Suze: Credit Union, 18 month certificate of deposit or treasury bills, 205 00:15:27,599 --> 00:15:30,229 Suze: bonds or notes, whatever it may be, 206 00:15:30,890 --> 00:15:35,320 Suze: but you can't keep all of your money safe and sound. 207 00:15:35,489 --> 00:15:39,400 Suze: Some of your money has to go for dividends for 208 00:15:39,409 --> 00:15:44,429 Suze: growth and to absolutely give you better returns over the 209 00:15:44,440 --> 00:15:45,380 Suze: long run. 210 00:15:46,299 --> 00:15:49,260 Suze: You know, recently I was looking on the wall and 211 00:15:49,270 --> 00:15:53,989 Suze: somebody said that I confuse them because they thought that 212 00:15:54,000 --> 00:15:57,030 Suze: I said, invest in dividends and take your dividends and 213 00:15:57,039 --> 00:16:01,520 Suze: don't reinvest them. You know, if you need income dividend, 214 00:16:01,530 --> 00:16:06,260 Suze: paying stocks are a fabulous way for you to get income. 215 00:16:06,270 --> 00:16:09,929 Suze: So you take your income there and let the stocks 216 00:16:09,940 --> 00:16:12,510 Suze: do what they're going to do. But if you don't 217 00:16:12,520 --> 00:16:14,690 Suze: need the income, 218 00:16:14,989 --> 00:16:19,559 Suze: then you would reinvest those dividends in the stock. 219 00:16:20,239 --> 00:16:25,530 Suze: So you can do both of the things that I've said, 220 00:16:25,539 --> 00:16:28,510 Suze: you can invest just for the dividend, or you could 221 00:16:28,520 --> 00:16:32,409 Suze: also invest for the dividend and put it back in 222 00:16:32,419 --> 00:16:35,130 Suze: the stock for compounding. 223 00:16:35,989 --> 00:16:39,200 Suze: So let's just be clear on that. 224 00:16:40,109 --> 00:16:45,000 Suze: So many of you are writing me and you want ideas, 225 00:16:45,010 --> 00:16:49,260 Suze: you want to know exactly what stock should you invest in, 226 00:16:49,270 --> 00:16:52,640 Suze: what should you do? You want to get more involved 227 00:16:52,650 --> 00:16:56,039 Suze: with your money? And I have a problem 228 00:16:56,690 --> 00:16:59,260 Suze: and my problem is this, 229 00:17:00,859 --> 00:17:04,349 Suze: I invest in the stock market and I don't think 230 00:17:04,359 --> 00:17:10,859 Suze: it's ethical if I invest and I own specific stocks 231 00:17:10,869 --> 00:17:15,209 Suze: and then I tell you to buy those stocks and 232 00:17:15,219 --> 00:17:19,040 Suze: that causes possibly the stocks to go up. There's kind 233 00:17:19,050 --> 00:17:23,169 Suze: of like a conflict there, you understand. 234 00:17:23,630 --> 00:17:26,439 Suze: And so as much as I would love to tell 235 00:17:26,449 --> 00:17:30,589 Suze: you buy this stock, that stock, that stock, this stock 236 00:17:30,599 --> 00:17:32,979 Suze: and when I do tell you to buy something, it's 237 00:17:32,989 --> 00:17:35,560 Suze: because I usually would like to own it, but I 238 00:17:35,569 --> 00:17:40,109 Suze: don't own it simply So there's no conflict or if 239 00:17:40,119 --> 00:17:42,760 Suze: I did own it, then I sell it so that 240 00:17:42,770 --> 00:17:46,069 Suze: you can do whatever you want with it. Um, the 241 00:17:46,079 --> 00:17:48,569 Suze: one exception to that happens to be, by the way, 242 00:17:48,579 --> 00:17:52,459 Suze: Devon Energy and that's fine. I don't have a problem 243 00:17:52,469 --> 00:17:53,339 Suze: with that one 244 00:17:53,650 --> 00:17:56,978 Suze: but to tell you about the other little stocks and 245 00:17:56,989 --> 00:17:59,380 Suze: the other little things that I like doing, 246 00:18:00,239 --> 00:18:02,729 Suze: I can't legally do it. 247 00:18:03,489 --> 00:18:04,099 Suze: So 248 00:18:05,290 --> 00:18:05,688 Suze: there are people that I read all the time and that I really like and that I follow and have incredible ideas and there is a man by the name of Keith Fitz-Gerald. Right. So it's F I T Z hyphen Gerald G E R A L D 249 00:18:29,910 --> 00:18:34,359 Suze: and he was one of the speakers again at the 250 00:18:34,369 --> 00:18:39,649 Suze: John Malden conference. That was just a little bit ago. However, 251 00:18:39,660 --> 00:18:45,479 Suze: I've been following Keith Fitzgerald for a long time and 252 00:18:45,489 --> 00:18:49,140 Suze: he does have a newsletter that he puts out, that's 253 00:18:49,150 --> 00:18:51,619 Suze: about $1500 a year. 254 00:18:52,150 --> 00:18:55,500 Suze: So that's a little bit expensive. I think it's worth it. 255 00:18:55,510 --> 00:18:57,939 Suze: He doesn't even know by the way I'm talking about 256 00:18:57,949 --> 00:19:01,159 Suze: him right now. He has no idea. He doesn't even, 257 00:19:01,170 --> 00:19:03,920 Suze: probably even know I get his newsletter. Ok. 258 00:19:04,530 --> 00:19:10,579 Suze: But he's good and he's been accurate and I like him. However, 259 00:19:10,589 --> 00:19:15,050 Suze: that's not why I'm telling you about him. He has 260 00:19:15,060 --> 00:19:27,260 Suze: something called Five (F-I-V-E) with Fitz F-I-T-Z and every morning he 261 00:19:27,270 --> 00:19:31,099 Suze: gives you about five ideas 262 00:19:31,520 --> 00:19:34,948 Suze: that are relevant and it takes only about five minutes 263 00:19:34,959 --> 00:19:36,680 Suze: to read them all, 264 00:19:37,650 --> 00:19:44,430 Suze: but it's absolutely free. Now, obviously he does this so 265 00:19:44,439 --> 00:19:47,780 Suze: that you get interested and then you decide to buy 266 00:19:47,790 --> 00:19:51,448 Suze: his newsletter, which some of you may decide to do 267 00:19:51,729 --> 00:19:55,780 Suze: in the future. But even if you never do it, 268 00:19:56,459 --> 00:20:00,180 Suze: the ideas that you will get in, some of his 269 00:20:00,189 --> 00:20:04,040 Suze: five ideas are well worth it. 270 00:20:04,839 --> 00:20:08,209 Suze: They start to educate you and start you to think 271 00:20:08,219 --> 00:20:12,550 Suze: about things. So I just wanted to share that with 272 00:20:12,560 --> 00:20:18,810 Suze: all of you because I think his ideas are spot on. 273 00:20:19,609 --> 00:20:23,260 Suze: And so that's part of my job here. 274 00:20:23,900 --> 00:20:27,550 Suze: It's what can I bring to you that maybe will 275 00:20:27,560 --> 00:20:31,389 Suze: help those of you who want to be more adventurous 276 00:20:31,400 --> 00:20:36,369 Suze: than just exchange traded funds or whatever else we may 277 00:20:36,380 --> 00:20:37,430 Suze: talk about. 278 00:20:38,520 --> 00:20:41,810 Suze: Now, there's nothing wrong with exchange traded funds. I'll tell 279 00:20:41,819 --> 00:20:44,790 Suze: you that much. You can make an absolute fortune over 280 00:20:44,800 --> 00:20:48,579 Suze: a long period of time. If you just keep dollar cost, 281 00:20:48,589 --> 00:20:51,478 Suze: averaging every single month and you do it month in 282 00:20:51,489 --> 00:20:56,390 Suze: and month out forever, you will be great. But a 283 00:20:56,400 --> 00:20:57,410 Suze: lot of you 284 00:20:57,839 --> 00:21:02,958 Suze: wanna be a little bit more diversified in your own 285 00:21:02,969 --> 00:21:08,250 Suze: way and buy individual stocks and really go for things. 286 00:21:08,420 --> 00:21:15,280 Suze: So you might find that Keith Fitz hyphen Gerald may 287 00:21:15,290 --> 00:21:19,660 Suze: be able to help you do that just a little bit. 288 00:21:19,959 --> 00:21:25,959 Suze: All right, that's the end of this podcast. So 289 00:21:26,439 --> 00:21:29,829 Suze: there's only one thing that I want you to say 290 00:21:29,839 --> 00:21:31,250 Suze: every single day 291 00:21:32,199 --> 00:21:33,879 Suze: and you know, part of me wants to be cute 292 00:21:33,890 --> 00:21:37,430 Suze: here because you know me, I want to say change, 293 00:21:37,439 --> 00:21:38,650 Suze: look for change, 294 00:21:39,290 --> 00:21:41,300 Suze: look for ways that you don't want to change. But 295 00:21:41,310 --> 00:21:45,359 Suze: understand that change is a part of all of our 296 00:21:45,369 --> 00:21:49,219 Suze: lives and it will help you be a better investor. 297 00:21:49,229 --> 00:21:52,419 Suze: But what I'm supposed to be saying here is today, 298 00:21:52,430 --> 00:21:57,319 Suze: wherever I go, I will create a more joyful, peaceful 299 00:21:57,329 --> 00:22:01,479 Suze: and loving world. And if you repeat that every single day, 300 00:22:01,489 --> 00:22:06,619 Suze: I promise you you will be unstoppable. 301 00:22:11,069 --> 00:22:12,379 Outro: Music.