1 00:00:00,479 --> 00:00:00,939 Music: Music (in). 2 00:00:28,649 --> 00:00:34,159 Suze: June 11th, 2023. Welcome everybody to the Women and Money 3 00:00:34,168 --> 00:00:38,599 Suze: podcast as well as everybody smart enough to listen. 4 00:00:39,290 --> 00:00:44,200 Suze: All right, it is Suze School today and the topic 5 00:00:44,209 --> 00:00:47,409 Suze: of Suze School today is change. 6 00:00:48,159 --> 00:00:53,610 Suze: How does change and what happens in the world affect 7 00:00:53,619 --> 00:00:59,659 Suze: how you invest and what you invest in. It was 8 00:00:59,669 --> 00:01:04,449 Suze: 1980 I first became a stockbroker at Merrill Lynch and 9 00:01:04,459 --> 00:01:06,649 Suze: I was so proud to be a stockbroker 10 00:01:07,489 --> 00:01:11,099 Suze: And to be a stockbroker, you have to study and 11 00:01:11,110 --> 00:01:14,128 Suze: get your series seven exam and know everything about the 12 00:01:14,139 --> 00:01:18,089 Suze: economy and all of these things so that you really 13 00:01:18,099 --> 00:01:25,400 Suze: know how to invest people's money. Theoretically speaking because learning 14 00:01:25,410 --> 00:01:30,539 Suze: about it and doing it is a whole another thing. However, 15 00:01:31,250 --> 00:01:36,370 Suze: during that time, I was the only woman stockbroker, most 16 00:01:36,379 --> 00:01:40,339 Suze: of the other 105 stockbrokers, all male 17 00:01:41,059 --> 00:01:45,750 Suze: we're so much older than me. It's not even funny. 18 00:01:46,870 --> 00:01:47,559 Suze: And 19 00:01:48,300 --> 00:01:51,089 Suze: I wanted to learn, I would always go to them 20 00:01:51,099 --> 00:01:54,349 Suze: and say, can you teach me this? What about this? 21 00:01:54,360 --> 00:01:58,400 Suze: What does this mean? And they would answer. And we 22 00:01:58,410 --> 00:01:59,870 Suze: had a great relationship. 23 00:02:00,690 --> 00:02:06,870 Suze: But I also had an older brother who was brilliant 24 00:02:06,900 --> 00:02:11,788 Suze: and he still is. And he would say to me, Suze, 25 00:02:12,300 --> 00:02:16,380 Suze: you need to learn how to do a technique called 26 00:02:16,389 --> 00:02:18,698 Suze: covered call writing. 27 00:02:19,860 --> 00:02:23,490 Suze: And if you could do that, you can make yourself 28 00:02:23,500 --> 00:02:27,130 Suze: and your clients a lot of money. And I said, well, Bobby, 29 00:02:27,139 --> 00:02:32,190 Suze: what's that about? And he said, Suze, it's about options. 30 00:02:32,490 --> 00:02:36,309 Suze: Options can be speculative, Suze. But they can also be 31 00:02:36,320 --> 00:02:41,339 Suze: used to be very conservative and I'm doing it, Suze, 32 00:02:41,350 --> 00:02:46,389 Suze: and I'm making a good 20% every few months on 33 00:02:46,399 --> 00:02:47,610 Suze: my money. 34 00:02:48,070 --> 00:02:51,720 Suze: But you should go to the brokers and learn about 35 00:02:51,729 --> 00:02:52,800 Suze: it from them. 36 00:02:53,990 --> 00:02:57,630 Suze: And I'll never forget being so excited to go in 37 00:02:57,639 --> 00:02:59,519 Suze: the next day. And I went up to what I 38 00:02:59,529 --> 00:03:03,679 Suze: thought was the top broker at the time. And 39 00:03:04,270 --> 00:03:07,279 Suze: I said to him, can you teach me about covered 40 00:03:07,288 --> 00:03:10,720 Suze: call writing? And he said to me, oh, please, Suze, 41 00:03:10,809 --> 00:03:12,399 Suze: you don't want to learn about that. 42 00:03:13,139 --> 00:03:15,119 Suze: Options will never catch on. 43 00:03:15,800 --> 00:03:18,690 Suze: They're just something they will come and they will go. 44 00:03:18,699 --> 00:03:21,330 Suze: So don't waste your time learning about them. 45 00:03:21,979 --> 00:03:24,300 Suze: So I went to another broker thinking, all right, he 46 00:03:24,309 --> 00:03:30,809 Suze: just doesn't like them one after another, refused to acknowledge 47 00:03:30,820 --> 00:03:35,160 Suze: that this possibly could be an investment strategy that really 48 00:03:35,169 --> 00:03:39,190 Suze: would take hold. And is something that they should learn about. 49 00:03:40,470 --> 00:03:45,380 Suze: And to this day it's still around, options are still around. 50 00:03:45,460 --> 00:03:48,600 Suze: You can use them in many different ways to make 51 00:03:48,610 --> 00:03:52,610 Suze: serious sums of money and possibly lose serious sums if 52 00:03:52,619 --> 00:03:55,039 Suze: you also don't know what you're doing with them. 53 00:03:55,669 --> 00:03:59,039 Suze: Maybe one day I'll give a master class on covered 54 00:03:59,050 --> 00:04:04,039 Suze: call writing because it's a fabulous thing to do in 55 00:04:04,050 --> 00:04:10,360 Suze: markets that are steady or that are going down. But anyway, 56 00:04:10,929 --> 00:04:12,300 Suze: back to the point. 57 00:04:12,990 --> 00:04:17,279 Suze: So there were a group of financial advisers that just 58 00:04:17,290 --> 00:04:21,238 Suze: never kept up with things as things were changing. 59 00:04:22,380 --> 00:04:26,000 Suze: And then the younger ones came in and they kept 60 00:04:26,010 --> 00:04:29,690 Suze: up with everything and they were able to use everything 61 00:04:29,700 --> 00:04:30,940 Suze: that was new. 62 00:04:31,579 --> 00:04:36,350 Suze: And I think about this because I think about today 63 00:04:37,029 --> 00:04:45,279 Suze: how fast everything is still changing when it comes to investing. 64 00:04:46,230 --> 00:04:51,709 Suze: I mean, with the aid of technology and robotic investing 65 00:04:51,738 --> 00:04:56,099 Suze: and all these things and being able to buy and 66 00:04:56,109 --> 00:04:58,980 Suze: sell with the push of a button and on and 67 00:04:58,988 --> 00:05:06,269 Suze: on investing has taken on a very, very different type 68 00:05:06,279 --> 00:05:11,470 Suze: of understanding as to how it really works. Now, obviously, 69 00:05:11,480 --> 00:05:15,899 Suze: it still works with stocks going up, stocks going down. 70 00:05:16,149 --> 00:05:21,720 Suze: But the velocity and certain other things have absolutely changed. 71 00:05:21,730 --> 00:05:25,350 Suze: A lot of the indicators that we used to use 72 00:05:25,359 --> 00:05:28,969 Suze: years ago to indicate are the markets going up or 73 00:05:28,980 --> 00:05:31,829 Suze: the markets going down, what's going to happen? 74 00:05:32,540 --> 00:05:36,980 Suze: So even I need to start thinking maybe the vics 75 00:05:36,988 --> 00:05:40,059 Suze: that I've talked to all of you about, maybe it's 76 00:05:40,070 --> 00:05:45,589 Suze: not accurate anymore because of how it works now. So 77 00:05:45,600 --> 00:05:49,089 Suze: there are other things we need to look at when 78 00:05:49,100 --> 00:05:53,618 Suze: making decisions as to where should we be investing, how 79 00:05:53,630 --> 00:05:57,368 Suze: should we be investing, what should we be doing? 80 00:05:58,488 --> 00:05:58,988 Suze: But 81 00:05:59,660 --> 00:06:04,109 Suze: we have to pay attention to change. 82 00:06:04,779 --> 00:06:09,549 Suze: What's interesting is that many of you are paying attention 83 00:06:09,559 --> 00:06:10,549 Suze: to change. 84 00:06:11,200 --> 00:06:17,589 Suze: You're thinking for instance, that everything's going to become electrified, 85 00:06:17,940 --> 00:06:21,250 Suze: we're gonna have electric cars, we're not gonna need gasoline 86 00:06:21,260 --> 00:06:24,570 Suze: anymore and on and on and on. 87 00:06:25,600 --> 00:06:30,390 Suze: However, sometimes change happens very, very fast 88 00:06:31,140 --> 00:06:36,269 Suze: and sometimes change happens very, very slowly. 89 00:06:36,890 --> 00:06:41,260 Suze: And when it comes to the United States of America 90 00:06:41,269 --> 00:06:46,179 Suze: and or for instance, the global economy, 91 00:06:47,609 --> 00:06:52,829 Suze: it's very, very slow when it comes to energy. 92 00:06:53,790 --> 00:06:57,059 Suze: It has now been stated by many that it will 93 00:06:57,070 --> 00:07:03,559 Suze: be the year 2050 and by then only 50% 94 00:07:04,399 --> 00:07:09,349 Suze: of the global markets will be electrified. So what that 95 00:07:09,359 --> 00:07:15,589 Suze: means to you is don't think that energy oil, that 96 00:07:15,600 --> 00:07:21,019 Suze: those things are going away. Don't think it because it's 97 00:07:21,029 --> 00:07:24,649 Suze: not true. At least not yet. 98 00:07:25,579 --> 00:07:29,630 Suze: So when I talk to you about energy and stocks 99 00:07:29,640 --> 00:07:33,230 Suze: such as P X D and Devin and everything and 100 00:07:33,239 --> 00:07:37,000 Suze: the dividends that they pay. And a lot of you think, 101 00:07:37,010 --> 00:07:39,890 Suze: oh why would we be investing in that? 102 00:07:40,809 --> 00:07:44,619 Suze: It's not going away? Now with that said, I will 103 00:07:44,630 --> 00:07:48,019 Suze: be the first one to tell you that I understand 104 00:07:48,369 --> 00:07:53,660 Suze: the ramifications that it has on the world and the climate. 105 00:07:53,670 --> 00:07:58,459 Suze: I get that everybody. But I also get that 106 00:07:59,149 --> 00:08:03,260 Suze: it also can be a very wise investment and then 107 00:08:03,269 --> 00:08:05,619 Suze: you can take the money and do whatever you want 108 00:08:05,630 --> 00:08:08,670 Suze: with it to possibly help the world. But whether you 109 00:08:08,679 --> 00:08:12,339 Suze: invest in it or not, it's not going to be 110 00:08:12,350 --> 00:08:14,760 Suze: going away that soon. 111 00:08:15,299 --> 00:08:19,369 Suze: So while I'm on the topic of energy, I just 112 00:08:19,380 --> 00:08:23,980 Suze: want to say for those of you who are in Devon, 113 00:08:24,149 --> 00:08:29,269 Suze: they've just declared their dividend of 72 cents a share, 114 00:08:29,279 --> 00:08:31,769 Suze: which is an approximate 9.3% 115 00:08:31,834 --> 00:08:35,784 Suze: percent yield just so, you know, and the payment date 116 00:08:35,794 --> 00:08:41,445 Suze: will be June 30th of this year for those people 117 00:08:41,455 --> 00:08:44,635 Suze: who want to buy Devin, just know you have to 118 00:08:44,645 --> 00:08:49,405 Suze: have bought the stock before June 14th. So that's like 119 00:08:49,414 --> 00:08:53,304 Suze: just in a few days for you to qualify for 120 00:08:53,315 --> 00:08:56,093 Suze: this 72 cents a share dividend. 121 00:08:56,979 --> 00:09:00,070 Suze: Also, I just want to tell you that the payout 122 00:09:00,080 --> 00:09:04,929 Suze: ratio of Devin is a very comfortable 55%. 123 00:09:05,719 --> 00:09:11,479 Suze: And so this dividend is well supported by its cash flows. 124 00:09:11,489 --> 00:09:15,109 Suze: So that's just something that you should know 125 00:09:16,250 --> 00:09:21,460 Suze: Change can also happen when it comes to real estate 126 00:09:21,469 --> 00:09:25,929 Suze: based on its location. Now, I know a lot of 127 00:09:25,940 --> 00:09:30,479 Suze: you love to invest in real estate. You're gonna buy 128 00:09:30,489 --> 00:09:32,940 Suze: this home and a second home and you're going to 129 00:09:32,950 --> 00:09:37,059 Suze: buy real estate because, you know, real estate always goes 130 00:09:37,070 --> 00:09:39,260 Suze: up or so you think. 131 00:09:40,080 --> 00:09:44,089 Suze: And I just want to tell you again another little 132 00:09:44,099 --> 00:09:49,510 Suze: story here, which is, I lived in the Bay area 133 00:09:49,520 --> 00:09:56,409 Suze: around San Francisco, starting in 1973. And I lived there 134 00:09:56,419 --> 00:10:00,630 Suze: for over 20 some odd years. I lived there into 135 00:10:00,640 --> 00:10:04,469 Suze: the mid two thousands. Ok. And 136 00:10:04,729 --> 00:10:08,750 Suze: I loved it. KT and I had this fabulous house. 137 00:10:08,760 --> 00:10:11,858 Suze: It was on Broderick. We loved it. We would walk 138 00:10:11,869 --> 00:10:14,098 Suze: out the door and in a few blocks we'd be 139 00:10:14,109 --> 00:10:17,358 Suze: walking on Chrissy fields and we could go out to eat. 140 00:10:17,369 --> 00:10:20,039 Suze: We were just walking, we loved it. 141 00:10:20,719 --> 00:10:23,030 Suze: And then I started to notice, 142 00:10:36,969 --> 00:10:42,520 Suze: things started to change. And I said to KT, KT 143 00:10:42,869 --> 00:10:46,840 Suze: I really want to sell this house. It's time for 144 00:10:46,849 --> 00:10:50,909 Suze: us to make a change and for us to leave. 145 00:10:51,549 --> 00:10:54,459 Suze: And so we sold it right away, sold in about 146 00:10:54,469 --> 00:10:56,159 Suze: a week and we left. 147 00:10:56,880 --> 00:10:58,960 Suze: Now, this was a number of years ago. 148 00:10:59,619 --> 00:11:01,609 Suze: And since that time, 149 00:11:02,219 --> 00:11:07,190 Suze: I have watched now San Francisco, one of the more 150 00:11:07,200 --> 00:11:11,229 Suze: beautiful cities in the world change. 151 00:11:12,440 --> 00:11:17,270 Suze: Change, not geographically, the hills and the... oh it's all 152 00:11:17,280 --> 00:11:18,530 Suze: beautiful still, 153 00:11:19,700 --> 00:11:25,750 Suze: but crime has taken over parts of San Francisco. 154 00:11:26,650 --> 00:11:31,320 Suze: You have the main Whole Foods that was located there left, 155 00:11:31,619 --> 00:11:37,289 Suze: you have Nordstrom's left. These were stores that KT and 156 00:11:37,299 --> 00:11:38,909 Suze: I would shop at 157 00:11:40,039 --> 00:11:46,619 Suze: And just recently, one of the country's largest publicly traded 158 00:11:46,630 --> 00:11:50,130 Suze: R E I T s and R E I T 159 00:11:50,140 --> 00:11:54,750 Suze: is a real estate investment trust and that is how 160 00:11:54,760 --> 00:11:59,659 Suze: many people invest in real estate when they themselves don't 161 00:11:59,669 --> 00:12:03,229 Suze: want to own their own individual property. 162 00:12:03,809 --> 00:12:07,909 Suze: So they invest in an R E I T that 163 00:12:07,919 --> 00:12:11,859 Suze: R E I T buys certain types of real estate. 164 00:12:12,150 --> 00:12:15,059 Suze: They make money, they get dividends and that's how they 165 00:12:15,070 --> 00:12:19,859 Suze: do it. But Park Hotels and Resorts Inc. one of 166 00:12:19,869 --> 00:12:25,090 Suze: the country's largest publicly traded R E I T s 167 00:12:25,679 --> 00:12:33,369 Suze: recently just stopped making payments on both of its 1921 room, 168 00:12:33,380 --> 00:12:38,849 Suze: Hilton Hotel in San Francisco in Union Square, everybody 169 00:12:39,590 --> 00:12:46,659 Suze: And it's 1000 room Park 55 San Francisco properties. That's 170 00:12:46,669 --> 00:12:50,468 Suze: almost 3000 rooms 171 00:12:51,599 --> 00:12:55,989 Suze: that they were making money on. They stopped making payments 172 00:12:56,000 --> 00:13:00,390 Suze: on both of those properties and they expect to remove 173 00:13:00,400 --> 00:13:03,869 Suze: them from their portfolio. 174 00:13:04,750 --> 00:13:07,880 Suze: So many changes can happen, 175 00:13:09,239 --> 00:13:12,580 Suze: which is why it's important for you to also watch 176 00:13:12,590 --> 00:13:16,459 Suze: the investments that you are making and where are they 177 00:13:16,469 --> 00:13:21,460 Suze: invested and what is going on? One change that is 178 00:13:21,469 --> 00:13:27,030 Suze: absolutely going to be happening here. Is that you have China 179 00:13:27,489 --> 00:13:33,289 Suze: that is continuing to develop their digital Wan, their currency. 180 00:13:33,729 --> 00:13:36,390 Suze: Now everybody else in the United States and everybody has 181 00:13:36,400 --> 00:13:40,859 Suze: seemed to back off on that, but China has not 182 00:13:40,869 --> 00:13:41,760 Suze: backed off 183 00:13:42,739 --> 00:13:47,750 Suze: and what that could mean in the future is tremendous 184 00:13:47,760 --> 00:13:51,069 Suze: differences for global trade. 185 00:13:52,030 --> 00:13:55,978 Suze: So I know that this isn't saying do this and 186 00:13:55,989 --> 00:14:01,010 Suze: do that. What this podcast is all about is that 187 00:14:01,020 --> 00:14:05,439 Suze: the change that has come over the years, the change 188 00:14:05,450 --> 00:14:08,750 Suze: that will continue to come and the change that might 189 00:14:08,760 --> 00:14:12,580 Suze: be right before your very eyes that you need to 190 00:14:12,590 --> 00:14:17,880 Suze: pay attention to when it comes to investing. 191 00:14:19,119 --> 00:14:22,650 Suze: Now, one thing that you have to know 192 00:14:23,609 --> 00:14:29,229 Suze: people tend to be more pessimistic than optimistic. 193 00:14:30,049 --> 00:14:33,099 Suze: They feel like, oh yes, yes, everything's gonna come to 194 00:14:33,109 --> 00:14:37,619 Suze: an end. Nothing's gonna be ok. Therefore, I shouldn't participate 195 00:14:37,630 --> 00:14:41,640 Suze: in it and they get totally negative and they don't 196 00:14:41,650 --> 00:14:44,020 Suze: get out of that stance. 197 00:14:44,690 --> 00:14:48,390 Suze: What I've realized over all the years that I've been 198 00:14:48,400 --> 00:14:55,229 Suze: doing this is your true nature is to be positive. 199 00:14:55,239 --> 00:14:58,880 Suze: Your true nature is to want things to go up 200 00:14:58,890 --> 00:15:01,380 Suze: more than you want them to go down. 201 00:15:02,299 --> 00:15:06,349 Suze: And there are trillions of dollars right now on the 202 00:15:06,359 --> 00:15:10,809 Suze: sidelines waiting for something to do with it. 203 00:15:11,640 --> 00:15:15,070 Suze: And now that the debt ceiling thing is over and 204 00:15:15,080 --> 00:15:18,150 Suze: everything seems to have calmed down. We'll see what the 205 00:15:18,159 --> 00:15:20,809 Suze: feds are gonna do this week when it comes to 206 00:15:20,820 --> 00:15:24,309 Suze: raising interest rates or not. But inflation seems to be 207 00:15:24,320 --> 00:15:28,409 Suze: under control. So what's important though to understand 208 00:15:28,830 --> 00:15:32,840 Suze: is that it may be because of all these things 209 00:15:32,849 --> 00:15:35,700 Suze: because of your nature, because of the money on the 210 00:15:35,710 --> 00:15:40,849 Suze: sideline because inflation is pretty much under control because the 211 00:15:40,859 --> 00:15:42,479 Suze: debt ceiling is ok 212 00:15:43,330 --> 00:15:47,900 Suze: that you might want to start feeling more comfortable now 213 00:15:47,960 --> 00:15:49,859 Suze: in investing. 214 00:15:50,739 --> 00:15:54,020 Suze: So my advice to all of you would be, it's 215 00:15:54,030 --> 00:16:00,210 Suze: important to continue to dollar cost average every single month, 216 00:16:00,219 --> 00:16:01,349 Suze: whether it's in 217 00:16:01,830 --> 00:16:05,960 Suze: the Vanguard total stock market index, ETF or the Standard 218 00:16:05,969 --> 00:16:13,289 Suze: and Poors ETF or individual stocks. It's really, really important 219 00:16:13,299 --> 00:16:17,400 Suze: to be involved now and get your money to work 220 00:16:17,409 --> 00:16:22,539 Suze: that way for you as well. Obviously, when you have 221 00:16:22,549 --> 00:16:26,380 Suze: money that you want safe and sound 222 00:16:27,159 --> 00:16:29,969 Suze: that you don't want anything to happen to, 223 00:16:30,640 --> 00:16:33,520 Suze: then that's when you look at things like the Alliant 224 00:16:33,530 --> 00:16:39,409 Suze: Credit Union, 18 month certificate of deposit or treasury bills, 225 00:16:39,419 --> 00:16:42,049 Suze: bonds or notes, whatever it may be, 226 00:16:42,710 --> 00:16:47,140 Suze: but you can't keep all of your money safe and sound. 227 00:16:47,309 --> 00:16:51,219 Suze: Some of your money has to go for dividends for 228 00:16:51,229 --> 00:16:56,250 Suze: growth and to absolutely give you better returns over the 229 00:16:56,260 --> 00:16:57,200 Suze: long run. 230 00:16:58,130 --> 00:17:01,059 Suze: You know, recently I was looking on the wall and 231 00:17:01,070 --> 00:17:05,780 Suze: somebody said that I confuse them because they thought that 232 00:17:05,790 --> 00:17:08,839 Suze: I said invest in dividends and take your dividends and 233 00:17:08,849 --> 00:17:13,329 Suze: don't reinvest them. You know, if you need income dividend 234 00:17:13,339 --> 00:17:18,089 Suze: paying stocks are a fabulous way for you to get income. 235 00:17:18,099 --> 00:17:21,750 Suze: So you take your income there and let the stocks 236 00:17:21,760 --> 00:17:24,300 Suze: do what they're going to do. But if you don't 237 00:17:24,310 --> 00:17:26,479 Suze: need the income, 238 00:17:26,810 --> 00:17:31,380 Suze: then you would reinvest those dividends in the stock. 239 00:17:32,069 --> 00:17:36,889 Suze: So you can do both of the things that. I've 240 00:17:36,900 --> 00:17:40,159 Suze: said you can invest just for the dividend or you 241 00:17:40,170 --> 00:17:43,619 Suze: could also invest for the dividend and put it back 242 00:17:43,819 --> 00:17:46,959 Suze: in the stock for compounding. 243 00:17:47,819 --> 00:17:50,989 Suze: So let's just be clear on that. 244 00:17:51,750 --> 00:17:56,800 Suze: But I want you to start feeling more positive about 245 00:17:56,810 --> 00:18:01,300 Suze: what's happening out there, which brings me to what I 246 00:18:01,310 --> 00:18:04,109 Suze: wanted to talk to you about or I hinted about 247 00:18:04,119 --> 00:18:09,719 Suze: on Thursday's podcast. So many of you are writing me 248 00:18:09,739 --> 00:18:14,619 Suze: and you want ideas, you want to know exactly what 249 00:18:14,630 --> 00:18:17,899 Suze: stock should you invest in? What should you do? You 250 00:18:17,910 --> 00:18:20,459 Suze: want to get more involved with your money? 251 00:18:21,020 --> 00:18:22,989 Suze: And I have a problem 252 00:18:23,630 --> 00:18:26,198 Suze: and my problem is this, 253 00:18:27,819 --> 00:18:31,290 Suze: I invest in the stock market and I don't think 254 00:18:31,300 --> 00:18:37,819 Suze: it's ethical if I invest and I own specific stocks 255 00:18:37,829 --> 00:18:42,160 Suze: and then I tell you to buy those stocks and 256 00:18:42,170 --> 00:18:46,000 Suze: that causes possibly the stocks to go up. There's kind 257 00:18:46,010 --> 00:18:51,649 Suze: of like a conflict there, you understand. And so as 258 00:18:51,660 --> 00:18:53,910 Suze: much as I would love to tell you, 259 00:18:54,170 --> 00:18:57,750 Suze: buy this stock, that stock, that stock, this stock. And 260 00:18:57,760 --> 00:19:00,150 Suze: when I do tell you to buy something, it's because 261 00:19:00,160 --> 00:19:03,109 Suze: I usually would like to own it, but I don't 262 00:19:03,119 --> 00:19:07,079 Suze: own it simply. So there's no conflict. Or if I 263 00:19:07,089 --> 00:19:10,000 Suze: did own it, then I sell it so that you 264 00:19:10,010 --> 00:19:13,239 Suze: can do whatever you want with it. Um, the one 265 00:19:13,250 --> 00:19:15,979 Suze: exception to that happens to be, by the way, Devon 266 00:19:15,989 --> 00:19:19,540 Suze: Energy and that's fine. I don't have a problem with 267 00:19:19,550 --> 00:19:20,270 Suze: that one. 268 00:19:20,599 --> 00:19:23,929 Suze: But to tell you about the other little stocks and 269 00:19:23,939 --> 00:19:26,329 Suze: the other little things that I like doing, 270 00:19:27,180 --> 00:19:29,669 Suze: I can't legally do it. 271 00:19:30,449 --> 00:19:31,060 Suze: So 272 00:19:31,989 --> 00:19:36,130 Suze: there are people that I read all the time and 273 00:19:36,140 --> 00:19:39,880 Suze: that I really like and that I follow and have 274 00:19:39,890 --> 00:19:45,439 Suze: incredible ideas and there is a man by the name 275 00:19:45,469 --> 00:19:51,719 Suze: of Keith Fitz-Gerald. Right. So it's F I T Z 276 00:19:51,739 --> 00:19:59,680 Suze: hyphen Gerald G E R A L D and he was one of the speakers 277 00:19:59,689 --> 00:20:00,619 Suze: again 278 00:20:01,050 --> 00:20:04,829 Suze: at the John Malden conference. That was just a little 279 00:20:04,839 --> 00:20:10,099 Suze: bit ago. However, I've been following Keith Fitz-Gerald for a 280 00:20:10,109 --> 00:20:15,239 Suze: long time and he does have a newsletter that he 281 00:20:15,250 --> 00:20:18,569 Suze: puts out, that's about $1500 a year. 282 00:20:19,109 --> 00:20:22,449 Suze: So that's a little bit expensive. I think it's worth it. 283 00:20:22,459 --> 00:20:24,899 Suze: He doesn't even know, by the way, I'm talking about 284 00:20:24,910 --> 00:20:28,109 Suze: him right now. He has no idea. He doesn't even, 285 00:20:28,119 --> 00:20:30,839 Suze: probably even know I get his newsletter. Ok. 286 00:20:31,489 --> 00:20:37,540 Suze: But he's good and he's been accurate and I like him. However, 287 00:20:37,550 --> 00:20:42,000 Suze: that's not why I'm telling you about him. He has 288 00:20:42,010 --> 00:20:48,280 Suze: something called Five F I V E with Fitz F 289 00:20:48,290 --> 00:20:55,938 Suze: I T Z and every morning he gives you about 290 00:20:55,949 --> 00:20:58,020 Suze: five ideas 291 00:20:58,469 --> 00:21:01,900 Suze: that are relevant and it takes only about five minutes 292 00:21:01,910 --> 00:21:03,619 Suze: to read them all, 293 00:21:04,609 --> 00:21:11,390 Suze: but it's absolutely free. Now, obviously he does this so 294 00:21:11,400 --> 00:21:14,698 Suze: that you get interested and then you decide to buy 295 00:21:14,709 --> 00:21:18,389 Suze: his newsletter, which some of you may decide to do 296 00:21:18,670 --> 00:21:22,729 Suze: in the future. But even if you never do it, 297 00:21:23,420 --> 00:21:27,139 Suze: the ideas that you will get in some of his 298 00:21:27,150 --> 00:21:31,000 Suze: five ideas are well worth it. 299 00:21:31,790 --> 00:21:35,160 Suze: They start to educate you and start you to think 300 00:21:35,170 --> 00:21:39,500 Suze: about things. So I just wanted to share that with 301 00:21:39,510 --> 00:21:45,760 Suze: all of you because I think his ideas are spot on. 302 00:21:46,560 --> 00:21:50,209 Suze: And so that's part of my job here. 303 00:21:50,849 --> 00:21:54,510 Suze: It's what can I bring to you that maybe will 304 00:21:54,520 --> 00:21:58,339 Suze: help those of you who want to be more adventurous 305 00:21:58,349 --> 00:22:03,329 Suze: than just exchange traded funds or whatever else we may 306 00:22:03,339 --> 00:22:04,400 Suze: talk about. 307 00:22:05,469 --> 00:22:08,760 Suze: Now, there's nothing wrong with exchange traded funds. I'll tell 308 00:22:08,770 --> 00:22:11,739 Suze: you that much. You can make an absolute fortune over 309 00:22:11,750 --> 00:22:15,188 Suze: a long period of time. If you just keep dollar 310 00:22:15,199 --> 00:22:18,310 Suze: cost averaging every single month and you do it month 311 00:22:18,319 --> 00:22:23,319 Suze: in and month out forever, you will be great. But 312 00:22:23,329 --> 00:22:24,359 Suze: a lot of you 313 00:22:24,790 --> 00:22:29,910 Suze: wanna be a little bit more diversified in your own 314 00:22:29,920 --> 00:22:35,199 Suze: way and buy individual stocks and really go for things. 315 00:22:35,390 --> 00:22:42,229 Suze: So you might find that Keith Fitz hyphen Gerald may 316 00:22:42,239 --> 00:22:46,619 Suze: be able to help you do that just a little bit. 317 00:22:46,900 --> 00:22:52,910 Suze: All right. That's the end of this podcast. So 318 00:22:53,380 --> 00:22:56,760 Suze: there's only one thing that I want you to say 319 00:22:56,770 --> 00:22:58,219 Suze: every single day. 320 00:22:59,150 --> 00:23:00,829 Suze: And you know, part of me wants to be cute 321 00:23:00,839 --> 00:23:04,380 Suze: here because you know me, I want to say change, 322 00:23:04,390 --> 00:23:05,599 Suze: look for change, 323 00:23:06,250 --> 00:23:08,250 Suze: look for ways that you don't want to change. But 324 00:23:08,260 --> 00:23:12,319 Suze: understand that change is a part of all of our 325 00:23:12,329 --> 00:23:16,180 Suze: lives and it will help you be a better investor. 326 00:23:16,209 --> 00:23:19,379 Suze: But what I'm supposed to be saying here is today, 327 00:23:19,390 --> 00:23:24,239 Suze: wherever I go, I will create a more joyful, peaceful 328 00:23:24,250 --> 00:23:28,439 Suze: and loving world. And if you repeat that every single day, 329 00:23:28,449 --> 00:23:33,619 Suze: I promise you you will be unstoppable. 330 00:23:38,000 --> 00:23:39,339 Music: Music (out).