1 00:00:01,769 --> 00:00:02,279 Suze: We 2 00:00:28,290 --> 00:00:32,569 Suze: March 2nd, 2025. Welcome everybody to the Women and Money 3 00:00:32,569 --> 00:00:37,209 Suze: podcast as well as everybody smart enough to listen. Suze 4 00:00:37,369 --> 00:00:42,770 Suze: O here, and today is Suze School, and here's what 5 00:00:42,770 --> 00:00:47,549 Suze: I want you to know. First of all, take out 6 00:00:47,549 --> 00:00:50,799 Suze: your notebooks because I think you're gonna want to write 7 00:00:50,799 --> 00:00:51,650 Suze: things down. 8 00:00:52,250 --> 00:00:56,549 Suze: Second, I'm going to touch on interest rates. Then the 9 00:00:56,549 --> 00:00:59,439 Suze: stock market, and I'm sure many of you are just 10 00:00:59,439 --> 00:01:01,950 Suze: freaked when it comes to Palantir. 11 00:01:02,819 --> 00:01:05,289 Suze: Even though I told you, don't be surprised. 12 00:01:06,069 --> 00:01:08,830 Suze: To see it down at 75 or 85, but that's 13 00:01:08,830 --> 00:01:12,180 Suze: another story. And if we have time, I will touch 14 00:01:12,180 --> 00:01:13,870 Suze: on real estate. 15 00:01:14,589 --> 00:01:18,559 Suze: So let's begin. Have you been watching interest rates? 16 00:01:19,290 --> 00:01:23,039 Suze: Oh, you haven't, have you, because interest rates don't concern 17 00:01:23,040 --> 00:01:26,000 Suze: you unless of course you have a CD or a 18 00:01:26,000 --> 00:01:28,988 Suze: Treasury maturing, which I'm going to also talk to you 19 00:01:28,989 --> 00:01:35,569 Suze: about in a second, but currently interest rates are coming down. 20 00:01:36,040 --> 00:01:39,360 Suze: For instance, the one year treasury is all the way 21 00:01:39,360 --> 00:01:42,080 Suze: down at about 4.09%. 22 00:01:42,790 --> 00:01:49,000 Suze: The two-year treasury is at about 3.9%, and the 10-year 23 00:01:49,000 --> 00:01:52,400 Suze: treasury is 4.2%. OK. 24 00:01:53,699 --> 00:01:56,959 Suze: It would not shock me on any level if the 25 00:01:56,959 --> 00:02:01,309 Suze: 10 year treasury goes down to 4%, which would be really, 26 00:02:01,370 --> 00:02:06,040 Suze: really great because then mortgage rates would start to trend down. 27 00:02:06,290 --> 00:02:10,199 Suze: Will they trend down enough for many of you who 28 00:02:10,199 --> 00:02:13,169 Suze: are willing to sell the house that you currently have 29 00:02:13,169 --> 00:02:17,809 Suze: at a 2.5 or 2 3/4% mortgage to possibly buy 30 00:02:17,809 --> 00:02:20,679 Suze: a new one at 5.5%? 31 00:02:21,380 --> 00:02:27,418 Suze: 6%, not exactly sure, but we will see. Let's get 32 00:02:27,419 --> 00:02:30,579 Suze: back to interest rates and why I want to talk 33 00:02:30,580 --> 00:02:31,889 Suze: to you about this. 34 00:02:32,699 --> 00:02:38,449 Suze: As you know, many of you one year ago purchased 35 00:02:38,699 --> 00:02:45,360 Suze: one year certificates of deposits. In fact, many of you 36 00:02:45,800 --> 00:02:51,940 Suze: purchased those one year certificates of deposits at Alliant Credit Union, 37 00:02:52,020 --> 00:02:55,869 Suze: who sponsors this podcast. Now, 38 00:02:56,860 --> 00:03:03,258 Suze: what's interesting is that in this month those CDs are 39 00:03:03,258 --> 00:03:06,580 Suze: going to mature and you are going to have a 40 00:03:06,580 --> 00:03:08,850 Suze: choice of what should you do with it. 41 00:03:09,508 --> 00:03:12,139 Suze: Should you roll it over? Should you look somewhere else? 42 00:03:12,179 --> 00:03:17,779 Suze: What are you going to do? Currently, the one year 43 00:03:17,779 --> 00:03:21,209 Suze: rate for new customers, for people just doing it. 44 00:03:21,910 --> 00:03:27,779 Suze: The one year rate is at 4.25%, not bad on 45 00:03:27,779 --> 00:03:32,250 Suze: any level, however, and listen to me closely. I had 46 00:03:32,250 --> 00:03:35,820 Suze: a long talk the other day with the powers that 47 00:03:35,820 --> 00:03:40,000 Suze: be at Alliant Credit Union, and they are making a 48 00:03:40,000 --> 00:03:45,660 Suze: special offer as they normally do do for the Women 49 00:03:45,660 --> 00:03:51,220 Suze: and Money podcast listeners, and here is how it works. 50 00:03:52,279 --> 00:03:57,600 Suze: If you decide to roll over into another one year. 51 00:03:58,880 --> 00:04:06,320 Suze: Certificate of deposit with Alliant Credit Union. You will get 4.35% 52 00:04:06,320 --> 00:04:12,350 Suze: for amounts under $75,000 or 4.4%. 53 00:04:13,270 --> 00:04:18,709 Suze: For amounts of $75,000 or over, however, here is the 54 00:04:18,709 --> 00:04:23,070 Suze: real kicker if you decide to put in new money. 55 00:04:23,970 --> 00:04:28,579 Suze: Not money that you're rolling over but actually add to it, 56 00:04:29,130 --> 00:04:33,769 Suze: you will get those interest rates as well. I personally 57 00:04:33,769 --> 00:04:37,880 Suze: think those are great rates for a one year certificate 58 00:04:37,880 --> 00:04:42,409 Suze: of deposit, bar none, however, I want you to listen 59 00:04:42,410 --> 00:04:43,440 Suze: to me now. 60 00:04:44,269 --> 00:04:49,109 Suze: As you know, with Alliant Credit Union, unlike any other 61 00:04:49,109 --> 00:04:53,510 Suze: credit union out there, does this crazy thing when it 62 00:04:53,510 --> 00:05:00,920 Suze: comes to their maturities with CDs. When you get a CD, 63 00:05:01,029 --> 00:05:06,950 Suze: they have a 12 month currently at 4.25%, a 2 64 00:05:06,950 --> 00:05:10,709 Suze: year for 3.80%. OK. 65 00:05:11,700 --> 00:05:13,649 Suze: Listen to me closely now. 66 00:05:14,529 --> 00:05:17,890 Suze: They do this crazy thing where if you decide to 67 00:05:17,890 --> 00:05:23,130 Suze: get a 12 month CD you can stagger the maturities 68 00:05:23,130 --> 00:05:27,440 Suze: of that from 12 months to 13 months. You could 69 00:05:27,440 --> 00:05:34,250 Suze: choose 1415, 16, or 17 months if you were to 70 00:05:34,250 --> 00:05:36,928 Suze: then choose, you have to talk to them when you're 71 00:05:36,928 --> 00:05:40,540 Suze: doing this, a 17 month maturity. 72 00:05:40,920 --> 00:05:46,299 Suze: It matures in 17 months and 30 days, and you 73 00:05:46,709 --> 00:05:53,630 Suze: would be locking in either 4.35% or 4.40% for that 74 00:05:53,630 --> 00:06:02,700 Suze: entire amount of time versus 3.8% for a two year. 75 00:06:03,549 --> 00:06:06,899 Suze: So you're almost going to be able to get a 76 00:06:06,899 --> 00:06:11,149 Suze: 2 year certificate of deposit at Alliant Credit Union. 77 00:06:11,839 --> 00:06:14,678 Suze: It's only 17 months and 30 days. 78 00:06:15,428 --> 00:06:22,170 Suze: But get a significantly higher interest rate. If I were you, 79 00:06:22,260 --> 00:06:28,320 Suze: I would seriously consider doing that. So again, for those 80 00:06:28,320 --> 00:06:33,899 Suze: of you who do have certificates of deposits with Alliant 81 00:06:33,899 --> 00:06:38,089 Suze: Credit Union that are maturing the month of March. 82 00:06:38,920 --> 00:06:42,589 Suze: So I'm addressing just you now, just those of you 83 00:06:42,589 --> 00:06:43,489 Suze: who have that. 84 00:06:44,399 --> 00:06:50,959 Suze: You can if you roll it over, you will get 4.35% 85 00:06:50,959 --> 00:06:59,600 Suze: for under $75,000 4.4 for amounts $75,000 and over, and 86 00:06:59,600 --> 00:07:03,839 Suze: that will include if you want to add any additional 87 00:07:03,839 --> 00:07:07,679 Suze: money to those CDs just. 88 00:07:07,809 --> 00:07:12,040 Suze: That simple and you again can change your maturity if 89 00:07:12,040 --> 00:07:18,329 Suze: you want from 12 months anywhere up to 17 months. 90 00:07:18,559 --> 00:07:22,079 Suze: So I just wanted to tell you that you would 91 00:07:22,079 --> 00:07:26,820 Suze: go to myalliant.com to check it out, or better yet, 92 00:07:26,959 --> 00:07:31,450 Suze: call them and talk to them directly about this. 93 00:07:32,940 --> 00:07:35,299 Suze: Next topic, the stock market. 94 00:07:36,320 --> 00:07:38,880 Suze: Now, I'm sure all of you, like I said in 95 00:07:38,880 --> 00:07:41,920 Suze: the introduction to this podcast, you want me to talk 96 00:07:41,920 --> 00:07:45,160 Suze: about talent here, but the truth of the matter, it's 97 00:07:45,160 --> 00:07:47,510 Suze: far more than just one stock. 98 00:07:48,799 --> 00:07:52,000 Suze: What have I always told you is the main internal 99 00:07:52,000 --> 00:07:53,320 Suze: obstacle to wealth. 100 00:07:54,079 --> 00:07:58,399 Suze: The main internal obstacle to wealth is fear. 101 00:07:59,589 --> 00:08:02,739 Suze: Fear everybody just that simple. 102 00:08:03,519 --> 00:08:08,299 Suze: And what are people afraid of right now? I want 103 00:08:08,299 --> 00:08:11,500 Suze: you to think about it. Half this world seems to 104 00:08:11,500 --> 00:08:15,420 Suze: be afraid that they're absolutely going to lose their job 105 00:08:15,420 --> 00:08:17,929 Suze: if they work for the federal government. 106 00:08:18,899 --> 00:08:22,279 Suze: Even if you don't work for the federal government, you're 107 00:08:22,279 --> 00:08:26,380 Suze: afraid if you work for a retailer, retailers everywhere are 108 00:08:26,380 --> 00:08:31,380 Suze: starting to shutter their businesses and or lay off thousands 109 00:08:31,380 --> 00:08:32,500 Suze: of people. 110 00:08:33,278 --> 00:08:37,098 Suze: So this universal fear that you hear on the news 111 00:08:37,098 --> 00:08:40,739 Suze: all the time or your friends are telling you permeates 112 00:08:40,739 --> 00:08:41,948 Suze: the atmosphere. 113 00:08:42,590 --> 00:08:47,098 Suze: And what we see happening because of that, the economy 114 00:08:47,099 --> 00:08:51,770 Suze: now is starting to go down, go down in what way? 115 00:08:52,380 --> 00:08:57,979 Suze: People are stopping to shop. Retail sales are down. Real 116 00:08:57,979 --> 00:09:02,900 Suze: estate is down. Things are starting to happen where we're 117 00:09:02,900 --> 00:09:08,929 Suze: going down rather than going up, just that simple. Then 118 00:09:08,929 --> 00:09:12,250 Suze: we have things where the cost of meat is going up. 119 00:09:12,489 --> 00:09:17,090 Suze: The cost of eggs still going up. Everybody is afraid 120 00:09:17,090 --> 00:09:21,130 Suze: that measles is going to spread throughout the entire United States. 121 00:09:22,020 --> 00:09:26,690 Suze: That another possible pandemic may happen with Ebola from across 122 00:09:26,690 --> 00:09:27,250 Suze: the sea. 123 00:09:28,039 --> 00:09:33,429 Suze: And that we don't have the infrastructure to handle any 124 00:09:33,429 --> 00:09:38,450 Suze: of it and inwardly we are all afraid. We have 125 00:09:38,450 --> 00:09:43,260 Suze: heard that they're going to absolutely cut the defense budget 126 00:09:43,739 --> 00:09:47,750 Suze: and so in our heads and everybody else start to say, well, 127 00:09:47,789 --> 00:09:51,710 Suze: that means they are going to cut stocks like Palantir 128 00:09:51,710 --> 00:09:57,750 Suze: and things like that. So rumors are abound everywhere. 129 00:09:58,119 --> 00:10:02,950 Suze: Everybody is afraid we see on TV what recently just 130 00:10:02,950 --> 00:10:07,429 Suze: happened between the United States and Ukraine, and what does 131 00:10:07,429 --> 00:10:10,909 Suze: that mean for all of us. So this is not 132 00:10:10,909 --> 00:10:15,189 Suze: exactly the most peaceful, wonderful time. 133 00:10:16,950 --> 00:10:23,520 Suze: Energy goes everywhere. You cannot stop it and when energy 134 00:10:23,520 --> 00:10:30,238 Suze: is frenetic, when energy is afraid, when energy is just going, oh, 135 00:10:30,250 --> 00:10:32,890 Suze: what am I gonna do if something happens? 136 00:10:34,669 --> 00:10:39,210 Suze: That affects everything, and what it affects is the stock 137 00:10:39,210 --> 00:10:42,669 Suze: market because a lot of people are afraid, oh my God, 138 00:10:42,979 --> 00:10:44,940 Suze: everything's going to go to hell. Where should I take 139 00:10:44,940 --> 00:10:46,750 Suze: my money? Do I need to take it to a 140 00:10:46,750 --> 00:10:49,699 Suze: Swiss bank account? Do you know that's my number one 141 00:10:49,700 --> 00:10:52,069 Suze: email right now that I'm getting, Suze. 142 00:10:52,719 --> 00:10:56,380 Suze: How do I open up a Swiss bank account? OK, now, 143 00:10:56,590 --> 00:10:59,559 Suze: what does that tell you? In the entire time that 144 00:10:59,559 --> 00:11:03,640 Suze: I've done this podcast, the Suze Orman show, nobody has 145 00:11:03,640 --> 00:11:07,080 Suze: ever asked me that question before, and now people are 146 00:11:07,080 --> 00:11:08,710 Suze: asking that question. 147 00:11:09,679 --> 00:11:14,750 Suze: Why would they ask that question? It's because they are afraid. 148 00:11:14,960 --> 00:11:18,400 Suze: So when you are afraid and you have stocks that 149 00:11:18,400 --> 00:11:22,669 Suze: have incredible gains in them, you start to take them. 150 00:11:23,159 --> 00:11:25,640 Suze: And then when you start to take them and you 151 00:11:25,640 --> 00:11:29,190 Suze: see the stocks start to go down, then you go, Oh, 152 00:11:29,359 --> 00:11:33,989 Suze: I better take them, and everybody jumps on the bandwagon. 153 00:11:34,280 --> 00:11:35,679 Suze: Prices go down. 154 00:11:36,289 --> 00:11:39,330 Suze: You feel good for a while, cause maybe you sold 155 00:11:39,330 --> 00:11:43,650 Suze: Palantir at 95, and now here it's at 85 and 156 00:11:43,650 --> 00:11:48,690 Suze: you feel like such a winner. Are you kidding me? 157 00:11:49,669 --> 00:11:54,380 Suze: Again, remember you are not investing with money that you 158 00:11:54,380 --> 00:11:58,619 Suze: hopefully need right away. You are investing with money that 159 00:11:58,619 --> 00:12:02,619 Suze: you don't need for the long run. And while it's true, 160 00:12:02,700 --> 00:12:06,739 Suze: maybe you made good money in Palantir or whatever stocks 161 00:12:06,739 --> 00:12:10,219 Suze: you may happen to have sold outside of a retirement account. 162 00:12:11,119 --> 00:12:15,479 Suze: Did you take into consideration whether you're gonna be paying 163 00:12:15,479 --> 00:12:20,000 Suze: ordinary income tax on that gain or capital gains tax, 164 00:12:20,320 --> 00:12:23,799 Suze: cause if you're going to pay ordinary income tax, which 165 00:12:23,799 --> 00:12:25,239 Suze: simply means 166 00:12:25,750 --> 00:12:29,340 Suze: That you didn't hold it for at least one year 167 00:12:29,340 --> 00:12:33,739 Suze: or longer, you might be losing 30 or 40% of 168 00:12:33,739 --> 00:12:38,489 Suze: that gain to taxes. Let's say you bought it at 169 00:12:38,489 --> 00:12:42,780 Suze: $50 a share. It's now at $100 a share when 170 00:12:42,780 --> 00:12:46,090 Suze: you sold it. You haven't held it for at least 171 00:12:46,090 --> 00:12:50,510 Suze: a year or longer. Let's just say you're in the 30% 172 00:12:50,900 --> 00:12:54,789 Suze: combined federal and state income tax bracket. 173 00:12:55,289 --> 00:13:02,349 Suze: So that means $15 of that $50 gain is gonna 174 00:13:02,349 --> 00:13:07,030 Suze: go to taxes, so to speak, and that means rather 175 00:13:07,030 --> 00:13:12,590 Suze: than selling at $100 after taxes you have $85 which 176 00:13:12,590 --> 00:13:15,059 Suze: is where it is right now. 177 00:13:16,200 --> 00:13:21,390 Suze: Am I making sense to you for a second? I 178 00:13:21,390 --> 00:13:27,598 Suze: would like you to think back to 2022. Do you 179 00:13:27,599 --> 00:13:31,380 Suze: remember what happened in 2022? Do you? 180 00:13:32,210 --> 00:13:35,059 Suze: Well, if you don't, let me just remind you, the 181 00:13:35,059 --> 00:13:43,218 Suze: magnificent seven stocks like Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia 182 00:13:43,219 --> 00:13:47,968 Suze: and Tesla had one of the most challenging years ever. 183 00:13:48,739 --> 00:13:56,700 Suze: Collectively they totally all tanked and underperformed the market and 184 00:13:56,700 --> 00:14:00,979 Suze: why was that? Because interest rates were rising and they 185 00:14:00,979 --> 00:14:06,340 Suze: started to go down. There was economic uncertainty, valuation concerns, 186 00:14:06,349 --> 00:14:11,059 Suze: the same thing kind of is now anyway, and they tanked. 187 00:14:11,599 --> 00:14:15,843 Suze: In fact, they weren't known as the Magnificent Seven, everybody. 188 00:14:15,843 --> 00:14:18,750 Suze: Do you know that they were referred to as the 189 00:14:18,750 --> 00:14:19,989 Suze: Stinky 7. 190 00:14:20,890 --> 00:14:25,059 Suze: Because of how badly they had gone down, and I 191 00:14:25,059 --> 00:14:28,619 Suze: remember looking at them and going, Are you kidding me? 192 00:14:29,369 --> 00:14:33,979 Suze: But a year later, for instance, Nvidia that had been obliterated, 193 00:14:34,229 --> 00:14:37,059 Suze: went up 240% in 2023. 194 00:14:37,840 --> 00:14:42,739 Suze: And then as time went on, they all started to skyrocket, 195 00:14:42,950 --> 00:14:46,080 Suze: and if you had purchased them in 2022, 196 00:14:46,989 --> 00:14:50,539 Suze: You would have in the following 2 years made an 197 00:14:50,539 --> 00:14:56,070 Suze: absolute fortune to put it mildly, all right. 198 00:14:57,080 --> 00:15:01,359 Suze: We are going through a time like that right now 199 00:15:01,690 --> 00:15:07,159 Suze: with these stocks, but you did not buy these stocks, everybody, 200 00:15:07,409 --> 00:15:10,289 Suze: for you to simply buy it and then sell it 201 00:15:10,289 --> 00:15:11,440 Suze: a few months later. 202 00:15:12,400 --> 00:15:14,950 Suze: A year later, 2 years later. 203 00:15:15,760 --> 00:15:18,650 Suze: If the stocks are good, and I've said this to 204 00:15:18,650 --> 00:15:22,039 Suze: you before, if the stock is good, management is good, 205 00:15:22,489 --> 00:15:25,130 Suze: product is good, product is something that is going to 206 00:15:25,130 --> 00:15:28,770 Suze: be very futuristic, and all the other things that go 207 00:15:28,770 --> 00:15:31,280 Suze: into making a great stock. 208 00:15:32,510 --> 00:15:36,830 Suze: You want to build wealth. You just don't want gains, 209 00:15:36,840 --> 00:15:39,710 Suze: and then what are you going to do with them, OK? 210 00:15:40,130 --> 00:15:43,450 Suze: You want wealth. Now that doesn't mean that when a 211 00:15:43,450 --> 00:15:46,969 Suze: stock skyrockets, that if you need the money, you don't 212 00:15:46,969 --> 00:15:52,010 Suze: take some off the table, especially if the stock has 213 00:15:52,010 --> 00:15:53,530 Suze: gone up so high. 214 00:15:54,359 --> 00:15:58,299 Suze: That it's now creating too big of a position in 215 00:15:58,299 --> 00:16:02,260 Suze: your overall portfolio in just one stock. 216 00:16:03,200 --> 00:16:07,650 Suze: In English, maybe you have too much money at risk, 217 00:16:08,059 --> 00:16:11,099 Suze: and then you have to take some off the table 218 00:16:11,099 --> 00:16:15,590 Suze: to invest somewhere else or put in a money market fund, 219 00:16:15,820 --> 00:16:18,179 Suze: keep it safe and sound, and if the stock happens 220 00:16:18,179 --> 00:16:20,940 Suze: to tank again, you buy it back. 221 00:16:22,320 --> 00:16:24,940 Suze: But you have to understand. 222 00:16:26,159 --> 00:16:28,510 Suze: When do you keep a stock? When do you sell it, 223 00:16:28,520 --> 00:16:31,200 Suze: and when do you add to it? Now let's go 224 00:16:31,200 --> 00:16:36,380 Suze: back to Palantir. One of the reasons Palantir obviously got 225 00:16:36,380 --> 00:16:40,840 Suze: hit so hard, went all the way up to 125, 226 00:16:41,000 --> 00:16:44,880 Suze: way too fast. Then now is down at 85. That 227 00:16:44,880 --> 00:16:48,270 Suze: is a dramatic decline, everybody. 228 00:16:49,219 --> 00:16:53,250 Suze: But if it never had gone up to 125 and 229 00:16:53,250 --> 00:16:57,169 Suze: it was just at 85, all of you would still 230 00:16:57,169 --> 00:17:02,489 Suze: be absolutely thrilled given that many of you bought it 231 00:17:02,489 --> 00:17:06,208 Suze: at 10, at 20, at 40, or 50, and you 232 00:17:06,209 --> 00:17:08,630 Suze: would still have a tremendous gain. 233 00:17:09,939 --> 00:17:13,659 Suze: Those that are freaking are those that it went up 234 00:17:13,660 --> 00:17:18,649 Suze: to 125. Then it went down, you bought some more 235 00:17:19,260 --> 00:17:22,979 Suze: maybe like I did at 113, then it went down 236 00:17:22,979 --> 00:17:26,979 Suze: some more to 98 and maybe you bought more like 237 00:17:26,979 --> 00:17:30,849 Suze: I did. And now, as I said in a podcast, 238 00:17:31,020 --> 00:17:33,739 Suze: I think it was last week, don't be surprised to 239 00:17:33,739 --> 00:17:38,369 Suze: see it at 75 or 85, then it went down. 240 00:17:38,819 --> 00:17:43,520 Suze: And I'm buying some more, but I have the funds 241 00:17:43,569 --> 00:17:50,089 Suze: to continuously to buy more in large chunk moves. 113 242 00:17:50,089 --> 00:17:55,689 Suze: to 98 is a good move. 98 to 85, that's 243 00:17:55,689 --> 00:17:58,760 Suze: a significant move, so I bought more. 244 00:17:59,719 --> 00:18:03,770 Suze: And if it goes from 85 to 75, I will 245 00:18:03,979 --> 00:18:05,140 Suze: buy more. 246 00:18:05,910 --> 00:18:10,920 Suze: But the big question at hand is, do you continuously 247 00:18:10,920 --> 00:18:16,189 Suze: have money to buy more, because if you don't, you 248 00:18:16,189 --> 00:18:21,420 Suze: have to be selective. $1 cost averaging as to how 249 00:18:21,420 --> 00:18:25,060 Suze: often do you buy it because you're not going to 250 00:18:25,060 --> 00:18:27,179 Suze: catch it at its bottom. 251 00:18:28,060 --> 00:18:32,050 Suze: Again this stock can go anywhere it wants to. 252 00:18:32,859 --> 00:18:38,399 Suze: So you have to decide, you have another $300 that 253 00:18:38,400 --> 00:18:40,629 Suze: you can put into Palantir totally. 254 00:18:41,400 --> 00:18:44,550 Suze: So all right, put $50 at a time in it. 255 00:18:45,459 --> 00:18:49,079 Suze: So that you have at least 6 more times that 256 00:18:49,079 --> 00:18:52,270 Suze: you can buy the stock if it continues to go down. 257 00:18:53,170 --> 00:18:57,839 Suze: Are you understanding what I'm saying? Where you get in 258 00:18:57,839 --> 00:19:02,079 Suze: big trouble is if you bought it at 125 and 259 00:19:02,079 --> 00:19:04,589 Suze: you don't have any more money to put into it, 260 00:19:04,839 --> 00:19:11,280 Suze: and now you're down at 85. That is a serious mistake, everybody. 261 00:19:11,959 --> 00:19:18,400 Suze: Which is why dollar cost averaging is absolutely essential. Value 262 00:19:18,400 --> 00:19:23,160 Suze: cost averaging is absolutely essential, and that is why in 263 00:19:23,160 --> 00:19:26,920 Suze: markets like this you do not, and I repeat, you 264 00:19:26,920 --> 00:19:29,439 Suze: do not want to do lumps. 265 00:19:29,550 --> 00:19:33,500 Suze: Some investing, which means, oh, I have to buy the stock. 266 00:19:33,869 --> 00:19:37,229 Suze: I just have to buy it. It's at $125. It's 267 00:19:37,229 --> 00:19:40,030 Suze: gonna go to $150. I already missed it and you 268 00:19:40,030 --> 00:19:43,859 Suze: buy it and let's say you had $5000 to invest 269 00:19:43,859 --> 00:19:46,989 Suze: in it and you put all $5000 in at once. 270 00:19:48,290 --> 00:19:52,119 Suze: You cannot make a bigger mistake than that, and you 271 00:19:52,119 --> 00:19:55,150 Suze: may think that you're doing great if it continues up. 272 00:19:56,280 --> 00:20:00,900 Suze: But not on a stock that has gone straight up. 273 00:20:02,000 --> 00:20:07,390 Suze: Are you understanding? So am I freaked about Palantir? I 274 00:20:07,390 --> 00:20:08,339 Suze: am not. 275 00:20:09,569 --> 00:20:13,089 Suze: Do I wish it had stayed up there? No, cause 276 00:20:13,089 --> 00:20:15,420 Suze: I like that it's come down cause I can keep 277 00:20:15,420 --> 00:20:19,130 Suze: buying more, but I have the funds to do so. 278 00:20:19,199 --> 00:20:23,250 Suze: So the question at hand to all of you, do 279 00:20:23,250 --> 00:20:25,930 Suze: you have the funds to do so? 280 00:20:26,540 --> 00:20:31,310 Suze: And do you have other stocks besides Palantir? 281 00:20:32,260 --> 00:20:38,579 Suze: So you just need time, but besides time you also 282 00:20:38,579 --> 00:20:44,729 Suze: need diversification cause you cannot put all of your money 283 00:20:45,609 --> 00:20:52,010 Suze: into just the magnificent seven and think that's diversification. You 284 00:20:52,010 --> 00:20:56,329 Suze: need other kinds of stocks, and if you don't know 285 00:20:56,329 --> 00:20:59,849 Suze: which stocks to buy, then buy an exchange traded fund 286 00:20:59,849 --> 00:21:04,489 Suze: like Vu VOO or Spider SPY or the Vanguard Total 287 00:21:04,489 --> 00:21:11,119 Suze: Stock Market Index VTI, just get some diversification in there. 288 00:21:11,880 --> 00:21:18,030 Suze: So that you're not 100% exposed to the magnificent seven. 289 00:21:18,800 --> 00:21:24,189 Suze: So if you did that and you had diversification. 290 00:21:25,050 --> 00:21:29,760 Suze: You won't be so freaked that one stock is down 291 00:21:29,760 --> 00:21:35,209 Suze: considerably right now, but your other stock should be relatively OK. 292 00:21:37,359 --> 00:21:42,800 Suze: All right, so I'm asking you just to realize Palantir 293 00:21:42,800 --> 00:21:43,829 Suze: is still great. 294 00:21:44,609 --> 00:21:47,869 Suze: What I found fascinating is that the stock was down 295 00:21:47,869 --> 00:21:52,859 Suze: even more on Friday. It was down to about 79, 296 00:21:53,430 --> 00:21:57,579 Suze: and right after the argument that happened at the White 297 00:21:57,579 --> 00:22:02,020 Suze: House ended Nvidia that was down 3 or 4 at 298 00:22:02,020 --> 00:22:07,310 Suze: that moment in time, both those stocks finished up right 299 00:22:07,310 --> 00:22:08,109 Suze: after that. 300 00:22:08,920 --> 00:22:12,839 Suze: Don't ask me why that happened, but I found that 301 00:22:12,839 --> 00:22:17,869 Suze: very interesting. Is the government going to need what Nvidia 302 00:22:17,869 --> 00:22:21,729 Suze: and Palantir manufacture, possibly. 303 00:22:22,689 --> 00:22:27,579 Suze: So it's just something for you to think about and 304 00:22:27,579 --> 00:22:32,540 Suze: not get freaked about. All right, I was gonna talk 305 00:22:32,540 --> 00:22:35,780 Suze: to you a little bit about real estate, but I 306 00:22:35,780 --> 00:22:40,449 Suze: think I'm gonna hold that till next Sunday's Suze School. 307 00:22:40,819 --> 00:22:44,079 Suze: And continue to see what's happening with it, but just 308 00:22:44,079 --> 00:22:47,209 Suze: to give you a little bit of a preview, which is, 309 00:22:47,359 --> 00:22:50,760 Suze: I don't think the real estate market is doing very 310 00:22:50,760 --> 00:22:54,839 Suze: good on any level, so just be careful before you 311 00:22:54,839 --> 00:22:58,160 Suze: jump in right now and buy a home. That's all 312 00:22:58,160 --> 00:23:00,640 Suze: I'm going to say at this point in time. 313 00:23:01,219 --> 00:23:04,420 Suze: So there's two things that I just want you to consider. 314 00:23:04,699 --> 00:23:08,629 Suze: I want you again to consider what's happening with interest rates. Again, 315 00:23:08,839 --> 00:23:13,729 Suze: Allliant customers don't miss the opportunity that's there for you 316 00:23:14,020 --> 00:23:17,179 Suze: if you have a certificate of deposit that is maturing 317 00:23:17,500 --> 00:23:20,699 Suze: in the month of March 2025 and you want to 318 00:23:20,699 --> 00:23:24,500 Suze: renew it, you best think about the offer that they're 319 00:23:24,500 --> 00:23:27,650 Suze: making you because I think it's a pretty great offer 320 00:23:27,650 --> 00:23:28,540 Suze: number one. 321 00:23:28,979 --> 00:23:34,218 Suze: And also the stock market just understand why it's doing 322 00:23:34,219 --> 00:23:40,198 Suze: what it's doing, but overall I still think that many stocks, 323 00:23:40,250 --> 00:23:44,339 Suze: as well as the overall markets are still going to 324 00:23:44,339 --> 00:23:48,010 Suze: go up this year, but time will tell. 325 00:23:48,430 --> 00:23:52,349 Suze: So until Thursday, there's only one thing that I want 326 00:23:52,349 --> 00:23:54,188 Suze: you to remember when it comes to your money, and 327 00:23:54,189 --> 00:23:59,708 Suze: it's this people first, then money, then things. Now you 328 00:23:59,709 --> 00:24:02,189 Suze: stay safe. Bye-bye. We are.