1 00:00:28,809 --> 00:00:33,569 Suze: June 1st, 2025. Welcome everybody to the Women and Money podcast, 2 00:00:33,610 --> 00:00:38,720 Suze: as well as everybody smart enough to listen. Of course, 3 00:00:39,029 --> 00:00:44,130 Suze: another birthday, a special birthday, and today is Savannah Buffett, 4 00:00:44,168 --> 00:00:47,970 Suze: Jimmy's daughter's birthday, and we're so excited cause we're going 5 00:00:47,970 --> 00:00:51,848 Suze: to be celebrating with her and her husband Josh and 6 00:00:51,848 --> 00:00:54,639 Suze: their extraordinary dog Kingston. 7 00:00:54,979 --> 00:00:58,819 Suze: So Savannah, lots of love to you, can't wait to 8 00:00:58,819 --> 00:01:02,529 Suze: see you in just a few hours. All right, everybody, 9 00:01:02,939 --> 00:01:05,769 Suze: are you ready for this Suze School today? 10 00:01:06,580 --> 00:01:07,220 Suze: Now listen, 11 00:01:08,059 --> 00:01:12,129 Suze: over the past few weeks all over the United States, 12 00:01:12,779 --> 00:01:17,569 Suze: students are graduating and they're listening to all these esteemed 13 00:01:17,569 --> 00:01:23,569 Suze: speakers give the commencement address that hopefully will inspire them 14 00:01:23,569 --> 00:01:25,139 Suze: to make the most of their lives. 15 00:01:25,599 --> 00:01:28,839 Suze: Now what's so wonderful in my own life is I've 16 00:01:28,839 --> 00:01:33,899 Suze: had the incredible pleasure and honor of doing that 3 times, 17 00:01:34,160 --> 00:01:37,419 Suze: and it's really something to stand up there and look 18 00:01:37,419 --> 00:01:41,399 Suze: out at the future of America. But then I was 19 00:01:41,400 --> 00:01:45,949 Suze: thinking if I was to give a commencement speech 20 00:01:46,959 --> 00:01:51,239 Suze: honoring my Suze students, those of you who have been 21 00:01:51,239 --> 00:01:56,129 Suze: with me for all these years, what would I say? 22 00:01:56,559 --> 00:02:00,480 Suze: What would the message be? What would I want you 23 00:02:00,480 --> 00:02:01,790 Suze: to take away from it? 24 00:02:02,830 --> 00:02:08,149 Suze: So therefore please take your seat because today's Suze School 25 00:02:08,149 --> 00:02:14,919 Suze: is about celebrating the milestones you've already achieved and charting 26 00:02:14,919 --> 00:02:18,750 Suze: the next exciting chapter of your financial life. 27 00:02:26,479 --> 00:02:30,919 Suze: You know, so many of you have navigated careers. You've 28 00:02:30,919 --> 00:02:35,669 Suze: raised families, weathered a real estate and stock market crash, 29 00:02:36,320 --> 00:02:41,960 Suze: and you've made it through a pandemic, illness, deaths, layoffs, 30 00:02:41,970 --> 00:02:43,190 Suze: and divorce. 31 00:02:44,419 --> 00:02:48,380 Suze: No matter what you have encountered, it is these real 32 00:02:48,380 --> 00:02:53,160 Suze: life experiences that have made up your life's story of 33 00:02:53,160 --> 00:02:57,570 Suze: who you are. Now this is important because your story 34 00:02:57,570 --> 00:03:02,299 Suze: is powerful because it's lived, it's not imagined. 35 00:03:02,990 --> 00:03:07,130 Suze: No matter what situation you are dealing with, your path 36 00:03:07,130 --> 00:03:12,490 Suze: has to be one where you respect yourself, like yourself, 37 00:03:12,660 --> 00:03:17,179 Suze: and honor yourself, and it is from that inner platform 38 00:03:17,179 --> 00:03:22,978 Suze: of honor and respect that integrity and self-worth emerges and 39 00:03:22,979 --> 00:03:26,690 Suze: the ability for you to be able to accomplish anything 40 00:03:26,690 --> 00:03:29,250 Suze: and everything your heart desires. 41 00:03:29,910 --> 00:03:33,850 Suze: You must never forget what you have learned and what 42 00:03:33,850 --> 00:03:38,000 Suze: you have already been through in your life, your future, 43 00:03:38,289 --> 00:03:41,929 Suze: regardless of your age, doesn't slow down. 44 00:03:42,770 --> 00:03:49,119 Suze: Listen, you may face job shifts, health issues, or caregiving responsibilities, 45 00:03:49,690 --> 00:03:52,279 Suze: and you are going to have to adapt and conquer 46 00:03:52,610 --> 00:03:54,639 Suze: each and every challenge. 47 00:03:55,320 --> 00:04:00,789 Suze: The most important thing is that you must never forget 48 00:04:01,050 --> 00:04:04,779 Suze: that no matter what situation you are in, no matter 49 00:04:04,779 --> 00:04:10,779 Suze: how painful, how seemingly hopeless, I want you to always remember. 50 00:04:11,699 --> 00:04:15,619 Suze: God does not know how to take. He only knows 51 00:04:15,619 --> 00:04:16,890 Suze: how to give. 52 00:04:19,450 --> 00:04:22,170 Suze: For those of you who have been with me over 53 00:04:22,170 --> 00:04:25,959 Suze: all these years, I want you to know that when 54 00:04:25,959 --> 00:04:30,570 Suze: I read your emails, my heart and eyes fill with 55 00:04:30,570 --> 00:04:36,329 Suze: tears of joy and pride. One story after another, and 56 00:04:36,329 --> 00:04:39,170 Suze: I just want you all to know that I'm in 57 00:04:39,170 --> 00:04:45,380 Suze: total awe of your journeys and determination from overcoming living 58 00:04:45,380 --> 00:04:47,640 Suze: in a car with your family for years. 59 00:04:48,230 --> 00:04:55,250 Suze: Surviving seriously abusive relationships where you endured physical, sexual, mental, 60 00:04:55,459 --> 00:05:01,178 Suze: and most of all financial abuse, surviving life threatening accidents 61 00:05:01,459 --> 00:05:06,779 Suze: and illnesses, and on and on. And today you are 62 00:05:06,779 --> 00:05:13,500 Suze: all thriving emotionally and financially. It's a true miracle if 63 00:05:13,500 --> 00:05:14,459 Suze: you think about it. 64 00:05:15,480 --> 00:05:19,779 Suze: And what were those key lessons that helped carry you 65 00:05:20,070 --> 00:05:24,869 Suze: during your hard times? Well, you believed that you are 66 00:05:24,869 --> 00:05:28,709 Suze: a warrior and you will not turn your back on 67 00:05:28,709 --> 00:05:35,029 Suze: the battlefield. You understood that when you undervalue what you do, 68 00:05:36,299 --> 00:05:39,549 Suze: the world undervalues who you are. 69 00:05:40,750 --> 00:05:45,250 Suze: And even more importantly when you undervalue who you are, 70 00:05:45,890 --> 00:05:48,779 Suze: the world undervalues what you do. 71 00:05:49,738 --> 00:05:54,100 Suze: So you took your power and you now trust yourself 72 00:05:54,670 --> 00:05:58,779 Suze: more than you trust others, and you embrace the fact 73 00:05:59,190 --> 00:06:03,109 Suze: that what happens to your money directly affects the quality 74 00:06:03,109 --> 00:06:05,510 Suze: of your life, no one else's. 75 00:06:06,279 --> 00:06:09,589 Suze: And really when I think about it, the most important 76 00:06:09,589 --> 00:06:14,350 Suze: one of all is you stood in your truth and 77 00:06:14,350 --> 00:06:18,739 Suze: took all the actions necessary so that you now own 78 00:06:18,738 --> 00:06:23,190 Suze: the power to control your destiny. So, in closing, 79 00:06:24,040 --> 00:06:28,649 Suze: as you all know, we live in very disturbing times, 80 00:06:29,040 --> 00:06:32,868 Suze: times that many of us have a hard time understanding, 81 00:06:33,109 --> 00:06:34,829 Suze: and you are not alone. 82 00:06:35,690 --> 00:06:38,450 Suze: But I want all of you to know you are 83 00:06:38,450 --> 00:06:40,809 Suze: far stronger than you have any idea. 84 00:06:41,549 --> 00:06:44,540 Suze: No matter what happens, you must always come from a 85 00:06:44,540 --> 00:06:52,419 Suze: place of integrity, love, honesty, and strength, and through your 86 00:06:52,420 --> 00:06:58,820 Suze: actions and intentions you will make this world a better place. 87 00:06:58,820 --> 00:06:59,929 Suze: Do you hear me? 88 00:07:00,899 --> 00:07:06,409 Suze: This is your moment. Step into it with confidence, intention, 89 00:07:06,529 --> 00:07:11,579 Suze: and heart. Build a life and a financial foundation that 90 00:07:11,579 --> 00:07:17,250 Suze: reflects your highest values. Remember that success is not a destination, 91 00:07:17,579 --> 00:07:22,100 Suze: but a journey defined by purpose, balance, and generosity. 92 00:07:22,839 --> 00:07:26,540 Suze: I believe in you. I know you have what it 93 00:07:26,540 --> 00:07:31,820 Suze: takes to create a future that's not just successful but 94 00:07:31,820 --> 00:07:33,609 Suze: deeply meaningful. 95 00:07:34,739 --> 00:07:38,299 Suze: Thank you for letting me be part of your journey 96 00:07:38,779 --> 00:07:42,820 Suze: and to the millions of you who have and are 97 00:07:42,820 --> 00:07:44,170 Suze: a part of mine. 98 00:07:48,010 --> 00:07:52,589 Suze: So before you march into your future, can we just 99 00:07:52,589 --> 00:07:55,899 Suze: take a brief look back at the month of May 100 00:07:56,230 --> 00:07:59,709 Suze: and what we should have learned from it? Do you 101 00:07:59,709 --> 00:08:02,709 Suze: remember this a month ago? Do you all remember how 102 00:08:02,709 --> 00:08:03,540 Suze: you were feeling? 103 00:08:04,440 --> 00:08:09,200 Suze: You thought the sky was falling. You thought everything was 104 00:08:09,200 --> 00:08:13,000 Suze: going to come down. You wanted to take all your 105 00:08:13,000 --> 00:08:14,510 Suze: money out of the stock market. 106 00:08:15,369 --> 00:08:19,459 Suze: You wanted to get out of treasuries. You didn't trust treasuries. 107 00:08:19,630 --> 00:08:22,070 Suze: You didn't know what to do with your money. You 108 00:08:22,070 --> 00:08:26,140 Suze: were so paralyzed it wasn't even funny. You only felt 109 00:08:26,140 --> 00:08:29,230 Suze: safe with the cash you had if it was under 110 00:08:29,230 --> 00:08:30,350 Suze: your mattress. 111 00:08:31,299 --> 00:08:36,650 Suze: Many of you absolutely chastised me for talking about bitcoin. 112 00:08:37,299 --> 00:08:41,830 Suze: And you just were totally, totally upset. 113 00:08:42,590 --> 00:08:46,780 Suze: All right, if we take a look at the stock market, 114 00:08:46,989 --> 00:08:49,969 Suze: I just want you to think about what I'm about 115 00:08:49,969 --> 00:08:50,619 Suze: to say. 116 00:08:51,489 --> 00:08:56,010 Suze: Do you know that the stock market just wrapped up 117 00:08:56,679 --> 00:09:01,150 Suze: a really strong month of May. Now, despite a few 118 00:09:01,150 --> 00:09:05,978 Suze: obviously ups and downs, the S&P 500 and the NASDAQ 119 00:09:06,750 --> 00:09:08,789 Suze: ended the month in the green. 120 00:09:10,119 --> 00:09:14,500 Suze: In fact, May, listen to me closely now, delivered the 121 00:09:14,500 --> 00:09:19,979 Suze: best returns that we've seen since 2023. 122 00:09:20,590 --> 00:09:25,140 Suze: So can you imagine that if one month ago you 123 00:09:25,140 --> 00:09:28,098 Suze: took all your money out you felt good for those 124 00:09:28,099 --> 00:09:32,059 Suze: few days as the market went down further after you 125 00:09:32,059 --> 00:09:35,140 Suze: sold and then all of a sudden it started to 126 00:09:35,140 --> 00:09:37,460 Suze: go up and started to go up. 127 00:09:38,369 --> 00:09:42,150 Suze: And you were like, why did I sell? What did 128 00:09:42,150 --> 00:09:48,020 Suze: I do? The lesson here is if you are invested 129 00:09:48,020 --> 00:09:52,229 Suze: in the stock market, stay invested in the stock market 130 00:09:52,229 --> 00:09:55,780 Suze: as long as you know what you are invested in 131 00:09:56,030 --> 00:09:59,869 Suze: is good quality. It makes sense, and you have at 132 00:09:59,869 --> 00:10:02,270 Suze: least 5 years or longer till you need the money 133 00:10:02,270 --> 00:10:07,590 Suze: that is in that investment. So your instructions really are, 134 00:10:08,190 --> 00:10:13,919 Suze: just continue to dollar cost average into whatever you have, 135 00:10:13,950 --> 00:10:18,429 Suze: or if you're done dollar cost averaging into it, just 136 00:10:18,429 --> 00:10:19,070 Suze: hold it. 137 00:10:19,909 --> 00:10:23,669 Suze: Cause if you had sold it, most likely you would 138 00:10:23,669 --> 00:10:29,229 Suze: have made a serious mistake. Take Palantair, for example, went 139 00:10:29,229 --> 00:10:33,830 Suze: from 125 all the way down to the 70s and 140 00:10:33,830 --> 00:10:37,500 Suze: now as of Friday it closed at 1:31. I know 141 00:10:37,500 --> 00:10:41,429 Suze: I keep talking about Palantair, but that really is one 142 00:10:41,429 --> 00:10:45,549 Suze: of the favorite stocks that we all own hopefully. 143 00:10:46,390 --> 00:10:50,250 Suze: But if you had freaked out, look at what you 144 00:10:50,250 --> 00:10:53,049 Suze: would have missed, you know, the other day I was 145 00:10:53,049 --> 00:10:56,210 Suze: talking to a friend, and she was in a car 146 00:10:56,210 --> 00:10:57,689 Suze: and her husband was driving. 147 00:10:58,479 --> 00:11:02,030 Suze: And I had told the husband I thought that he 148 00:11:02,030 --> 00:11:06,169 Suze: should buy IONQ, which is a stock that I've been 149 00:11:06,169 --> 00:11:09,209 Suze: telling all of you along with Keith, but I've been 150 00:11:09,210 --> 00:11:11,530 Suze: telling all of you a long time ago you should 151 00:11:11,530 --> 00:11:14,689 Suze: buy it and you should just keep it. Never told 152 00:11:14,690 --> 00:11:19,319 Suze: you that you should sell it. All right. And IONQ 153 00:11:19,969 --> 00:11:24,010 Suze: had a dramatic leap last week. One day it was 154 00:11:24,010 --> 00:11:25,890 Suze: up like 30% or 40%. 155 00:11:26,400 --> 00:11:29,968 Suze: And so, as I'm talking to my friend, her husband 156 00:11:29,969 --> 00:11:33,849 Suze: is listening, and he says, by the way, Suze, I'm 157 00:11:33,849 --> 00:11:36,219 Suze: thinking about selling IONQ. 158 00:11:36,929 --> 00:11:39,409 Suze: And I said, and why would you do that? And 159 00:11:39,409 --> 00:11:41,700 Suze: he said, Because it's up so much and it's starting 160 00:11:41,700 --> 00:11:47,228 Suze: to go down, and that is the typical mistake that 161 00:11:47,229 --> 00:11:52,359 Suze: everybody makes. Yeah, hopefully it will go down. And why 162 00:11:52,359 --> 00:11:56,689 Suze: do I say hopefully? Because it's a great stock. It's 163 00:11:56,690 --> 00:11:59,959 Suze: an area quantum computing that many of you may want 164 00:11:59,960 --> 00:12:00,679 Suze: to be in. 165 00:12:01,270 --> 00:12:04,650 Suze: And if it goes down that simply gives you a 166 00:12:04,650 --> 00:12:09,570 Suze: chance to dollar cost average and get more shares just 167 00:12:09,570 --> 00:12:14,280 Suze: that simple. So you need to look at your investments, 168 00:12:14,619 --> 00:12:18,289 Suze: not as if your strategy should be take your profits 169 00:12:18,289 --> 00:12:22,330 Suze: now in case they go down. Your strategy should be 170 00:12:22,570 --> 00:12:26,080 Suze: hopefully they'll go down so you can buy more. 171 00:12:26,869 --> 00:12:32,228 Suze: Just that simple, everybody. So again, your goal is to 172 00:12:32,229 --> 00:12:36,098 Suze: be an investor and to take a line from Keith Fitzgerald. 173 00:12:36,340 --> 00:12:39,989 Suze: You have to be in it to win it. Let's 174 00:12:39,989 --> 00:12:44,900 Suze: talk about real estate for a second here. Real estate now, 175 00:12:45,109 --> 00:12:48,669 Suze: it's a very interesting thing what's happening in real estate 176 00:12:49,229 --> 00:12:53,270 Suze: because the inventory, the houses that are for sale. 177 00:12:53,719 --> 00:12:57,169 Suze: Are up dramatically seriously. 178 00:12:57,820 --> 00:13:02,210 Suze: So when there is a lot of inventory, what that 179 00:13:02,210 --> 00:13:05,569 Suze: means is that all of a sudden we're kind of 180 00:13:05,570 --> 00:13:10,369 Suze: turning from a seller's market to a buyer's market. So 181 00:13:10,369 --> 00:13:15,280 Suze: what's important about that is if you are a seller, 182 00:13:15,840 --> 00:13:19,840 Suze: don't overprice, don't do it, don't do it, don't do it, 183 00:13:20,369 --> 00:13:23,169 Suze: because chances are you will not sell it. 184 00:13:23,770 --> 00:13:27,728 Suze: If you're a buyer, however, do not stretch your budget 185 00:13:27,729 --> 00:13:31,409 Suze: just to get a home. You don't have to. Mortgage 186 00:13:31,409 --> 00:13:35,450 Suze: rates now are at about 7%, and they may very 187 00:13:35,450 --> 00:13:39,369 Suze: well stay there. And if they do come down, I 188 00:13:39,369 --> 00:13:42,770 Suze: would not expect them to go any lower than 6 189 00:13:42,770 --> 00:13:46,650 Suze: or 5.5%. And if they got to 5.5%, that would 190 00:13:46,650 --> 00:13:51,049 Suze: be very lucky. So this is the area that you're in. 191 00:13:51,760 --> 00:13:56,330 Suze: Don't overstretch your budget. You can demand what you want. 192 00:13:56,559 --> 00:14:00,320 Suze: You can negotiate your price. You can't walk into a 193 00:14:00,320 --> 00:14:03,839 Suze: situation with the mindset of what was going on many, 194 00:14:03,880 --> 00:14:06,830 Suze: many months ago and really for the past few years 195 00:14:06,830 --> 00:14:09,400 Suze: that you have to overbid it. You have to do 196 00:14:09,400 --> 00:14:12,030 Suze: a cash offer. You have to do all these things. No, 197 00:14:12,239 --> 00:14:13,320 Suze: you don't. 198 00:14:13,909 --> 00:14:18,460 Suze: The tide has turned there, so take your power if 199 00:14:18,460 --> 00:14:22,390 Suze: you are a buyer. And again, if you are a seller, 200 00:14:22,619 --> 00:14:27,140 Suze: don't feel that you're the almighty right now, cause really 201 00:14:27,619 --> 00:14:32,250 Suze: don't overprice or you are not going to sell your house. 202 00:14:32,539 --> 00:14:35,099 Suze: I want to talk about treasuries just for a few 203 00:14:35,099 --> 00:14:38,619 Suze: seconds here. Treasuries are not going to go under. They're 204 00:14:38,619 --> 00:14:42,140 Suze: just not. They can't and they won't. 205 00:14:42,630 --> 00:14:46,429 Suze: So don't feel like everything is going down the drain. 206 00:14:46,760 --> 00:14:52,320 Suze: Interest rates are up on treasuries. Why? Because of what's 207 00:14:52,320 --> 00:14:57,640 Suze: happening with the tariffs. It's just that simple. And once 208 00:14:57,640 --> 00:15:03,140 Suze: again we saw a flip flop from we're lowering tariffs 209 00:15:03,140 --> 00:15:05,390 Suze: to now we're raising them even more. 210 00:15:05,989 --> 00:15:09,659 Suze: And you have to understand that as long as there 211 00:15:09,659 --> 00:15:16,179 Suze: are chaotic, in my opinion, nonsensible moves with tariffs, the 212 00:15:16,179 --> 00:15:18,770 Suze: markets are going to respond accordingly. 213 00:15:19,520 --> 00:15:23,369 Suze: They're gonna go down when in fact tariffs are raised 214 00:15:23,369 --> 00:15:26,299 Suze: when tariffs then are supposedly going to come down, the 215 00:15:26,299 --> 00:15:27,869 Suze: markets will go up, but 216 00:15:28,469 --> 00:15:31,419 Suze: there could come a time where all of you just 217 00:15:31,419 --> 00:15:34,650 Suze: stop listening to what tariffs are doing and you just 218 00:15:34,650 --> 00:15:38,299 Suze: go ahead and keep buying the stocks that you want 219 00:15:38,500 --> 00:15:42,619 Suze: and the markets just get used to the chaotic moves 220 00:15:42,619 --> 00:15:43,969 Suze: that are being made. 221 00:15:45,130 --> 00:15:50,349 Suze: So therefore just tune everybody out at this moment in time. 222 00:15:51,039 --> 00:15:53,770 Suze: Know that the market, as I told you a few 223 00:15:53,770 --> 00:15:57,130 Suze: weeks ago, might go down a week or two, and 224 00:15:57,130 --> 00:15:59,690 Suze: it did, and then I thought it would go up 225 00:15:59,690 --> 00:16:02,849 Suze: and up, and I still do. That doesn't mean that 226 00:16:02,849 --> 00:16:06,210 Suze: it's not going to be a roller coaster. But just 227 00:16:06,210 --> 00:16:08,809 Suze: like you were when you were a kid, you enjoyed 228 00:16:08,809 --> 00:16:12,450 Suze: the ups and downs of the roller coaster. Start to 229 00:16:12,450 --> 00:16:14,809 Suze: enjoy the ups and downs of the stock market. 230 00:16:15,210 --> 00:16:20,099 Suze: So that you can take advantage of stocks that you want, 231 00:16:20,229 --> 00:16:23,919 Suze: ETFs that you want, investments that you want. 232 00:16:24,549 --> 00:16:27,469 Suze: I just want to talk briefly about Bitcoin. 233 00:16:28,260 --> 00:16:36,419 Suze: So Bitcoin passed $111,000 of Bitcoin. That is a big deal. 234 00:16:36,669 --> 00:16:41,299 Suze: Bitcoin right now is at about $104,000 so who knows 235 00:16:41,299 --> 00:16:44,030 Suze: where it will be when this podcast actually drops or 236 00:16:44,030 --> 00:16:45,270 Suze: you're listening to it. 237 00:16:46,059 --> 00:16:51,349 Suze: I still like if you're going to buy into the 238 00:16:51,349 --> 00:16:54,090 Suze: Bitcoin investment arena. 239 00:16:55,030 --> 00:17:00,299 Suze: That you do it through either IBIT, an ETF or 240 00:17:00,299 --> 00:17:05,929 Suze: possibly a surrogate of Bitcoin, the stock MSTR - Strategies. 241 00:17:07,020 --> 00:17:08,978 Suze: Either way, why is that? 242 00:17:09,760 --> 00:17:14,839 Suze: Let's just look at Coinbase for a second because many 243 00:17:14,839 --> 00:17:19,750 Suze: of you own your Bitcoin at Coinbase, and what was 244 00:17:19,750 --> 00:17:24,160 Suze: interesting is that this last month Coinbase told all of 245 00:17:24,160 --> 00:17:27,280 Suze: us that they had been the target of a cyber 246 00:17:27,280 --> 00:17:32,479 Suze: attack in which rogue overseas support agents were bribed to 247 00:17:32,479 --> 00:17:35,319 Suze: steal sensitive customer data. 248 00:17:35,969 --> 00:17:40,688 Suze: So what does that mean? That means through insiders at Coinbase. 249 00:17:41,540 --> 00:17:46,180 Suze: They were able to steal customer names, Social Security numbers, 250 00:17:46,420 --> 00:17:52,260 Suze: bank account details, and transaction histories, but no passwords or 251 00:17:52,260 --> 00:17:56,930 Suze: private keys or custodial funds were compromised. Now they wanted 252 00:17:56,930 --> 00:18:01,659 Suze: a $20 million ransom. Coinbase still has not settled for that. 253 00:18:01,900 --> 00:18:03,339 Suze: They're holding strong. 254 00:18:03,689 --> 00:18:07,619 Suze: But there's just something. Even though only 1% of the 255 00:18:07,619 --> 00:18:12,430 Suze: customers were affected, there's just something that I don't like 256 00:18:12,430 --> 00:18:13,010 Suze: about it. 257 00:18:13,770 --> 00:18:18,900 Suze: So therefore I feel safer in IBIT. I feel safer 258 00:18:18,900 --> 00:18:23,149 Suze: with Strategies. I just feel safer where these crazy people 259 00:18:23,150 --> 00:18:26,989 Suze: aren't going to attack something where they know Bitcoin happens 260 00:18:26,989 --> 00:18:27,469 Suze: to be. 261 00:18:28,250 --> 00:18:30,550 Suze: I mean, you got to think it's a little bit 262 00:18:30,550 --> 00:18:34,910 Suze: crazy that this guy in New York City who owns 263 00:18:34,910 --> 00:18:38,310 Suze: all this bitcoin or crypto all of a sudden is 264 00:18:38,310 --> 00:18:42,949 Suze: hold hostage for 17 days in order to get his 265 00:18:42,949 --> 00:18:46,829 Suze: password so that his Bitcoin can be stolen. Thank God 266 00:18:46,829 --> 00:18:50,750 Suze: he escaped and hopefully they have that under consideration. 267 00:18:51,020 --> 00:18:55,050 Suze: But I just want you to think about that where 268 00:18:55,050 --> 00:18:58,560 Suze: you hold your bitcoin and how you invest in it 269 00:18:58,770 --> 00:19:03,889 Suze: and still know only invest in Bitcoin with money that 270 00:19:03,890 --> 00:19:07,280 Suze: you can afford to lose or be very volatile with 271 00:19:07,400 --> 00:19:12,280 Suze: or that you can stomach 20 or 30% drops overnight 272 00:19:12,689 --> 00:19:13,910 Suze: just same. 273 00:19:14,729 --> 00:19:20,290 Suze: But overall, the main message here as you walk forward 274 00:19:20,660 --> 00:19:25,369 Suze: is to be an investor, not a trader, to know 275 00:19:25,369 --> 00:19:28,500 Suze: what in fact you are investing in and to be 276 00:19:28,500 --> 00:19:33,260 Suze: consistent with it if you have money to dollar cost 277 00:19:33,260 --> 00:19:34,530 Suze: average into it. 278 00:19:35,069 --> 00:19:37,589 Suze: At these levels, this is not a market in my 279 00:19:37,589 --> 00:19:42,599 Suze: opinion that if you had, you know, $24,000 to invest 280 00:19:42,869 --> 00:19:46,750 Suze: you would invest it all at once. No, you would 281 00:19:46,750 --> 00:19:50,750 Suze: dollar cost average or value cost average into it at 282 00:19:50,750 --> 00:19:56,069 Suze: maybe $2000 a month or even $1000 a month and 283 00:19:56,069 --> 00:20:00,660 Suze: just go with the market as the markets go themselves. 284 00:20:01,229 --> 00:20:04,589 Suze: So overall stop panicking. 285 00:20:05,329 --> 00:20:10,040 Suze: Learn from what happened last month when you all wanted out, 286 00:20:10,209 --> 00:20:12,609 Suze: and now many of you who got out are all 287 00:20:12,609 --> 00:20:15,879 Suze: wishing you could get back in. And now you're getting 288 00:20:15,880 --> 00:20:19,770 Suze: in if you do at a lot higher price. So 289 00:20:19,770 --> 00:20:25,530 Suze: that is your update. That was your Suze School and 290 00:20:25,530 --> 00:20:29,569 Suze: until Thursday when Miss Travis joins us again, there's really 291 00:20:29,569 --> 00:20:33,169 Suze: only one thing that I want you to remember when 292 00:20:33,170 --> 00:20:34,569 Suze: it comes to money. 293 00:20:35,160 --> 00:20:40,669 Suze: People first, then money, then things. Now you stay safe 294 00:20:40,839 --> 00:20:46,829 Suze: and for the graduates of 2025, congratulations.