1 00:00:08,439 --> 00:00:13,350 Suze: October 12, 2025. Welcome everybody to the Women and Money podcast, 2 00:00:13,640 --> 00:00:17,520 Suze: as well as everybody smart enough to listen. Today is 3 00:00:17,520 --> 00:00:20,879 Suze: Suze School, so get out those notebooks. 4 00:00:22,049 --> 00:00:22,799 Suze: Are you ready? 5 00:00:23,840 --> 00:00:30,329 Suze: Today Suze School is titled "The Certainty of Uncertainty." 6 00:00:31,170 --> 00:00:37,380 Suze: Because the stock market, the stock market doesn't hate anything 7 00:00:37,790 --> 00:00:40,339 Suze: more than uncertainty. 8 00:00:41,180 --> 00:00:45,500 Suze: If there is uncertainty in the air, that's when the 9 00:00:45,500 --> 00:00:50,259 Suze: markets start to go down. And why is that? I 10 00:00:50,259 --> 00:00:53,750 Suze: want you right now to think about your own life 11 00:00:54,099 --> 00:00:56,860 Suze: when you're really uncertain about something. 12 00:00:57,900 --> 00:01:01,240 Suze: You're either afraid or it's just you're just uncertain about 13 00:01:01,240 --> 00:01:03,950 Suze: what's gonna happen, you know, should you do this? Should 14 00:01:03,950 --> 00:01:06,400 Suze: you do that? You tend to do nothing or, 15 00:01:07,610 --> 00:01:11,539 Suze: let's say you're uncertain. Is it going to rain? Is 16 00:01:11,540 --> 00:01:13,480 Suze: it not? You stay in the house. 17 00:01:14,319 --> 00:01:19,529 Suze: You protect yourself when you are uncertain. So why does 18 00:01:19,529 --> 00:01:23,690 Suze: that affect the stock market? 'Cause you, whether you know 19 00:01:23,690 --> 00:01:28,050 Suze: it or not, you are the stock market. I know 20 00:01:28,050 --> 00:01:31,449 Suze: you think the stock market is made up of shares, 21 00:01:31,599 --> 00:01:36,910 Suze: shares of stock in companies, either individual shares or bundled 22 00:01:36,910 --> 00:01:40,480 Suze: as mutual funds, ETFs, whatever it may be. 23 00:01:41,330 --> 00:01:47,190 Suze: But what you have to understand is it is you, me, KT. 24 00:01:47,370 --> 00:01:53,400 Suze: It is people that buy and sell those shares just 25 00:01:53,400 --> 00:01:58,879 Suze: that simple. And when you get uncertain about anything or 26 00:01:58,879 --> 00:02:01,279 Suze: you see something that upsets you when you're like, Oh 27 00:02:01,279 --> 00:02:04,620 Suze: my God, here we go again. I'm uncertain of the outcome. 28 00:02:04,839 --> 00:02:07,269 Suze: I'm uncertain of how this is going to affect me. 29 00:02:07,599 --> 00:02:11,190 Suze: What do you do? You will tend to sell. 30 00:02:11,710 --> 00:02:15,029 Suze: Especially if the markets are ticking down, especially, listen to 31 00:02:15,029 --> 00:02:20,228 Suze: me closely, if you have incredible gains in some of 32 00:02:20,229 --> 00:02:21,389 Suze: your stocks. 33 00:02:22,508 --> 00:02:29,299 Suze: Incredible gains 100%, 200% gains in stocks that so many 34 00:02:29,300 --> 00:02:33,228 Suze: people want you to be afraid of because why? We're 35 00:02:33,229 --> 00:02:36,630 Suze: in an AI bubble. They want these stocks to go down. 36 00:02:36,788 --> 00:02:39,149 Suze: Why do I personally think they want these stocks to 37 00:02:39,149 --> 00:02:42,380 Suze: go down? Because they missed it. And who is they? 38 00:02:42,669 --> 00:02:46,109 Suze: Many of the institutional investors, many of the big traders, 39 00:02:46,389 --> 00:02:47,989 Suze: they missed it. 40 00:02:48,508 --> 00:02:51,550 Suze: So if they can get everything to start to go down, 41 00:02:51,880 --> 00:02:54,160 Suze: they get to do what? They get to go in 42 00:02:54,160 --> 00:02:58,830 Suze: and buy it again at a lot lower price. 43 00:02:59,910 --> 00:03:00,619 Suze: However, 44 00:03:01,399 --> 00:03:06,070 Suze: when you hear things like that, because I'm getting emails 45 00:03:06,070 --> 00:03:08,350 Suze: from all of you going, Suze, do you think we 46 00:03:08,350 --> 00:03:12,380 Suze: are in an AI bubble? I keep saying no, I don't. 47 00:03:12,869 --> 00:03:14,789 Suze: Do you think, Suze, we're going to have a stock 48 00:03:14,788 --> 00:03:20,309 Suze: market crash like we did back in 2007, 2008, 2009? No, 49 00:03:20,470 --> 00:03:21,470 Suze: I don't. 50 00:03:22,050 --> 00:03:28,350 Suze: The situations are so different today than they were back then, 51 00:03:28,559 --> 00:03:30,279 Suze: so different. 52 00:03:31,220 --> 00:03:36,059 Suze: Today many of these companies are creating the future of 53 00:03:36,059 --> 00:03:37,009 Suze: the unknown. 54 00:03:37,660 --> 00:03:40,649 Suze: The future that we don't even have an ability to 55 00:03:40,649 --> 00:03:45,690 Suze: comprehend what's going to happen but it's a coming and 56 00:03:45,690 --> 00:03:48,050 Suze: we all want to be a part of it but 57 00:03:48,050 --> 00:03:50,369 Suze: we're afraid to be a part of it because in 58 00:03:50,369 --> 00:03:52,979 Suze: our limited minds, in my opinion... 59 00:03:54,000 --> 00:03:57,169 Suze: You made so much money we can't possibly make more. 60 00:03:57,380 --> 00:03:59,259 Suze: It can't possibly go higher. 61 00:03:59,940 --> 00:04:04,050 Suze: You have to get a grip on the reality of 62 00:04:04,050 --> 00:04:07,369 Suze: the future, because as I've said to you before, the 63 00:04:07,369 --> 00:04:13,000 Suze: future isn't the future, the future is now. It's already happening, 64 00:04:13,210 --> 00:04:17,808 Suze: and I personally want you to be a part of it. However, 65 00:04:18,519 --> 00:04:23,659 Suze: there are powers that be that will offset the track 66 00:04:24,190 --> 00:04:30,380 Suze: of the markets by inserting uncertainty in many different ways, 67 00:04:30,549 --> 00:04:33,190 Suze: and there is so much uncertainty going on right now 68 00:04:33,190 --> 00:04:34,670 Suze: it's not even funny. 69 00:04:35,549 --> 00:04:39,820 Suze: The truth of the matter is Friday morning markets opened up. 70 00:04:40,019 --> 00:04:41,200 Suze: Everything was kind of good. 71 00:04:42,049 --> 00:04:43,160 Suze: No problems. 72 00:04:44,609 --> 00:04:50,250 Suze: Until President Trump came out and he made an announcement of, well, 73 00:04:50,329 --> 00:04:52,250 Suze: I guess there's not going to be a reason for 74 00:04:52,250 --> 00:04:55,440 Suze: me to have to go meet with the President of China. 75 00:04:55,970 --> 00:04:58,690 Suze: In fact, I think I'm going to put tariffs back 76 00:04:58,690 --> 00:05:02,480 Suze: on China. And why did he get mad at China? 77 00:05:02,928 --> 00:05:09,250 Suze: Because China decided that importers, people who imported it into 78 00:05:09,250 --> 00:05:13,890 Suze: the United States, needed to get a license from Beijing, 79 00:05:14,619 --> 00:05:19,410 Suze: that contained anything that had to do with real rare 80 00:05:19,410 --> 00:05:24,700 Suze: earth elements that were more than like 0.1% or more 81 00:05:24,700 --> 00:05:26,329 Suze: of the value of the whole thing. 82 00:05:27,339 --> 00:05:32,940 Suze: Which means that those companies like Nvidia that use rare 83 00:05:32,940 --> 00:05:36,690 Suze: earth materials to manufacture what they make. 84 00:05:37,500 --> 00:05:39,380 Suze: It's gonna cost them more. 85 00:05:40,350 --> 00:05:42,750 Suze: Or they're going to have to get a license to 86 00:05:42,750 --> 00:05:43,420 Suze: do so. 87 00:05:44,369 --> 00:05:49,678 Suze: And Trump retaliated. And as soon as that happened, 88 00:05:51,238 --> 00:05:56,279 Suze: bam, these markets started to go down and down. And 89 00:05:56,279 --> 00:05:59,679 Suze: once like a snowball, it starts to roll down the 90 00:05:59,678 --> 00:06:02,880 Suze: hill and it gets bigger and bigger. It gathers up 91 00:06:02,880 --> 00:06:06,719 Suze: all the other snow, the unexpecting snow that's so beautiful 92 00:06:06,720 --> 00:06:09,790 Suze: and so white, it just comes along for a ride. 93 00:06:10,359 --> 00:06:15,238 Suze: That's what the majority of you did out there, causing 94 00:06:15,238 --> 00:06:20,480 Suze: these markets to go down considerably. However, 95 00:06:21,480 --> 00:06:26,729 Suze: did they really go down that much overall? Well, that 96 00:06:26,730 --> 00:06:29,970 Suze: depends on what you were invested in. 97 00:06:31,350 --> 00:06:33,058 Suze: Now, I want you to put a pin in that 98 00:06:33,059 --> 00:06:38,420 Suze: for a second because the overall advice that all of 99 00:06:38,420 --> 00:06:43,339 Suze: you have been given is you need diversification, absolutely. 100 00:06:44,070 --> 00:06:48,700 Suze: And I've said this before, maybe you need 50% of 101 00:06:48,700 --> 00:06:53,579 Suze: your money in something like VOO, which is Vanguard, Standard 102 00:06:53,579 --> 00:06:58,540 Suze: and Poor's 500, or the SPY or VTI, the Vanguard 103 00:06:58,540 --> 00:07:02,019 Suze: Total Stock Market Index Fund, or whatever it is that 104 00:07:02,019 --> 00:07:04,849 Suze: you're invested in, and then if you want. 105 00:07:05,589 --> 00:07:11,268 Suze: Other types of investments in individual things such as the 106 00:07:11,269 --> 00:07:18,320 Suze: AI stocks, but that would give you a total balanced approach. OK, 107 00:07:18,910 --> 00:07:21,260 Suze: so let me give you an example now, 108 00:07:22,119 --> 00:07:24,750 Suze: of really what happened on Friday. 109 00:07:25,600 --> 00:07:32,820 Suze: The Dow Jones Industrial Average went down 878 points, but 110 00:07:32,820 --> 00:07:36,140 Suze: that was only 1.90%. 111 00:07:36,790 --> 00:07:38,769 Suze: Not that big of a deal. 112 00:07:39,399 --> 00:07:48,959 Suze: The Standard and Poor's went down 182 points or only 2.71%. 113 00:07:49,649 --> 00:07:53,850 Suze: And the Nasdaq, which contains a lot of our favorite stocks, 114 00:07:54,179 --> 00:08:01,820 Suze: went down 820 points, but again, only 3.56%. OK. 115 00:08:02,600 --> 00:08:07,600 Suze: Now what's important when you look at numbers, that you 116 00:08:07,600 --> 00:08:11,989 Suze: look at percentages more than you look at the actual 117 00:08:12,320 --> 00:08:14,480 Suze: dollar number that it went down. 118 00:08:15,480 --> 00:08:19,279 Suze: Or the numeric number that it went down because you 119 00:08:19,279 --> 00:08:22,040 Suze: could look at the screen on your TV and you 120 00:08:22,040 --> 00:08:24,970 Suze: could see oh my God, the Dow went down 878 121 00:08:24,970 --> 00:08:28,040 Suze: points and the Nasdaq went down 820 and the Standard 122 00:08:28,040 --> 00:08:40,559 Suze: and Poor's went down 182. It crashed. It didn't crash. 1.90%, 2.71%, 3.56% 123 00:08:40,559 --> 00:08:43,919 Suze: is not a crash, everybody. 124 00:08:44,570 --> 00:08:46,609 Suze: Do you understand that? 125 00:08:47,369 --> 00:08:50,080 Suze: Now let's just look at 126 00:08:51,669 --> 00:08:56,380 Suze: ETFs and really what did they do? Did they follow 127 00:08:56,549 --> 00:09:01,400 Suze: the Standard and Poor's 500 Index? And in fact they did. 128 00:09:01,750 --> 00:09:06,989 Suze: The index itself was down 2.71%, so your VOO finished 129 00:09:06,989 --> 00:09:16,289 Suze: on Friday down 2.69%. Spiders SPY finished down 2.70%. 130 00:09:16,859 --> 00:09:21,000 Suze: The VTI finished down 2.68%. 131 00:09:21,880 --> 00:09:24,780 Suze: And if you happen to have the SPYD, which is 132 00:09:24,780 --> 00:09:31,570 Suze: the dividend spiders, 1.80%, not a big deal. 133 00:09:32,469 --> 00:09:37,829 Suze: However, now we start to get more specialized and we 134 00:09:37,830 --> 00:09:41,859 Suze: look at SMH as well as QQQ. That's where our 135 00:09:41,859 --> 00:09:50,200 Suze: technology stocks, especially SMH Semiconductors, yeah, finished down 5.76%. 136 00:09:50,789 --> 00:09:56,949 Suze: And the QQQs finished down 3.47%. OK, now let's look 137 00:09:56,950 --> 00:10:00,940 Suze: at the decline of some of our absolute favorite stocks. 138 00:10:01,219 --> 00:10:06,500 Suze: Nvidia down about 4.5%, AMD down 8%, but after a 139 00:10:06,500 --> 00:10:14,859 Suze: tremendous run truthfully, Tesla down 5%, IONQ down 8.84%, Palantir 140 00:10:14,859 --> 00:10:19,289 Suze: down 5.40, Microsoft down 2.19%. 141 00:10:19,750 --> 00:10:23,400 Suze: They were down, but if you look at what they 142 00:10:23,400 --> 00:10:29,030 Suze: were down, they're down almost the same amount as SMH 143 00:10:29,030 --> 00:10:29,809 Suze: was down. 144 00:10:30,479 --> 00:10:34,109 Suze: And again those stocks, a lot of them got hit. 145 00:10:34,880 --> 00:10:40,030 Suze: Because of talk of tariffs, rare earth metals, things like that, 146 00:10:40,239 --> 00:10:42,400 Suze: that they all need. 147 00:10:43,169 --> 00:10:48,719 Suze: However, what was also interesting is that gold went to 148 00:10:48,719 --> 00:10:50,280 Suze: about 4,029. 149 00:10:51,409 --> 00:10:56,090 Suze: Bitcoin did not hold where I told you if you 150 00:10:56,090 --> 00:10:59,159 Suze: are on my Women and Money community app that I wanted 151 00:10:59,159 --> 00:11:02,419 Suze: to see if it would hold at 123 or so 152 00:11:02,419 --> 00:11:06,650 Suze: this last Friday. It did not. It closed at about 116, 153 00:11:06,750 --> 00:11:09,909 Suze: although it's never really closed, so I wouldn't be surprised 154 00:11:09,909 --> 00:11:13,130 Suze: if I saw it go down to 108, which is 155 00:11:13,130 --> 00:11:14,770 Suze: its support level. 156 00:11:15,250 --> 00:11:19,500 Suze: But not a big deal. IBIT, which is Bitcoin ETF, 157 00:11:19,530 --> 00:11:24,968 Suze: went down 3.70%. Oil, which I just haven't liked, and 158 00:11:24,969 --> 00:11:28,809 Suze: I've said that before, was about 58. What went up, 159 00:11:29,679 --> 00:11:33,210 Suze: happened to be the price of bonds, which means their 160 00:11:33,210 --> 00:11:37,799 Suze: interest rates absolutely went down. So a one year now 161 00:11:37,799 --> 00:11:41,960 Suze: is only at about 3.6%. The 10 year was at 162 00:11:41,960 --> 00:11:45,789 Suze: about 4%. So depending what continues to happen, we just 163 00:11:45,789 --> 00:11:50,320 Suze: might see mortgages down where we wanted them because it 164 00:11:50,320 --> 00:11:52,270 Suze: looks like it could be going down there. 165 00:11:53,419 --> 00:12:00,580 Suze: But none of this, none of this is everything crash. Now, 166 00:12:00,950 --> 00:12:05,320 Suze: could it continue to go down? Oh, you betcha it could. 167 00:12:05,630 --> 00:12:09,229 Suze: You have to understand that many of the people, big traders, 168 00:12:09,320 --> 00:12:12,010 Suze: all kinds of things that go on on Wall Street 169 00:12:12,510 --> 00:12:15,549 Suze: would like these markets to go down and down. 170 00:12:15,880 --> 00:12:19,369 Suze: So they could pick up more. I mean, there's all 171 00:12:19,369 --> 00:12:23,210 Suze: kinds of complicated ways of explaining how trading works and 172 00:12:23,210 --> 00:12:25,890 Suze: it doesn't work, but here is the real bottom line. 173 00:12:26,979 --> 00:12:30,848 Suze: Just like I said back many months ago, don't panic. 174 00:12:31,020 --> 00:12:32,530 Suze: You are not to panic. 175 00:12:33,270 --> 00:12:36,260 Suze: And you are really not to panic if it continues 176 00:12:36,260 --> 00:12:40,859 Suze: to go down even more. That is why you dollar 177 00:12:40,859 --> 00:12:45,820 Suze: cost average. That is why you take advantage of times 178 00:12:45,820 --> 00:12:48,890 Suze: like this, but you don't have to do it tomorrow. 179 00:12:49,099 --> 00:12:51,260 Suze: You could take it and you could put it in an 180 00:12:51,260 --> 00:12:56,169 Suze: order 10% below the market, 20% below the market, whatever 181 00:12:56,169 --> 00:12:58,409 Suze: it may be, and I've told you this time and 182 00:12:58,409 --> 00:12:59,299 Suze: time again. 183 00:12:59,669 --> 00:13:02,940 Suze: So if it dips more, so you pick it up. 184 00:13:03,190 --> 00:13:06,228 Suze: Maybe it goes down very quickly for a second and 185 00:13:06,229 --> 00:13:09,739 Suze: then bounces up, or you can just wait and see. 186 00:13:10,270 --> 00:13:14,989 Suze: For me, what am I personally doing? I'm not doing anything. 187 00:13:15,760 --> 00:13:18,039 Suze: Remember how a while ago I told you I thought 188 00:13:18,039 --> 00:13:23,000 Suze: that I had enough IONQ. I had enough Palantir, and 189 00:13:23,000 --> 00:13:27,900 Suze: even though I was tempted to buy more on Friday, 190 00:13:28,150 --> 00:13:29,549 Suze: seriously tempted. 191 00:13:30,469 --> 00:13:35,020 Suze: That would make my positions in those two stocks way 192 00:13:35,309 --> 00:13:40,909 Suze: too heavy for my portfolio. I have a considerable amount 193 00:13:40,909 --> 00:13:44,130 Suze: of money in those two stocks, and if I continued 194 00:13:44,130 --> 00:13:48,108 Suze: to add to it, it would not be wise, even 195 00:13:48,109 --> 00:13:50,859 Suze: though it was the hardest thing for me to do, 196 00:13:51,150 --> 00:13:56,190 Suze: not to add more shares. I like where I am positioned. 197 00:13:56,590 --> 00:14:01,450 Suze: I'm happy where everything is and I don't need to 198 00:14:01,450 --> 00:14:02,530 Suze: get greedy. 199 00:14:03,530 --> 00:14:06,349 Suze: I don't need to sell out of fear, and I 200 00:14:06,349 --> 00:14:10,539 Suze: don't need to buy out of greed. It's just that simple. 201 00:14:11,330 --> 00:14:15,750 Suze: So you have to look at your own portfolio, at 202 00:14:15,750 --> 00:14:19,109 Suze: your own situation, at your own timing. 203 00:14:19,869 --> 00:14:22,900 Suze: And you need to decide what is it that you 204 00:14:22,900 --> 00:14:24,979 Suze: want to do. Now, with that said, 205 00:14:25,609 --> 00:14:27,429 Suze: the tariff possibility, 206 00:14:28,109 --> 00:14:33,590 Suze: and all these AI companies really having significant exposure to 207 00:14:33,590 --> 00:14:37,789 Suze: China in both manufacturing and they're a large customer, by 208 00:14:37,789 --> 00:14:42,229 Suze: the way. So, all right, legitimate reason to figure out 209 00:14:42,229 --> 00:14:43,859 Suze: what's going to really happen here. 210 00:14:44,549 --> 00:14:47,760 Suze: But that's not the only thing that's going on. 211 00:14:49,020 --> 00:14:53,869 Suze: So on Friday, what else was going on that really 212 00:14:53,869 --> 00:14:58,150 Suze: in my opinion spooked the market? What spooked them was 213 00:14:58,150 --> 00:15:00,309 Suze: that we were still in, 214 00:15:01,280 --> 00:15:05,169 Suze: the uncertainty of what is going to happen with the 215 00:15:05,169 --> 00:15:06,630 Suze: federal government. 216 00:15:07,330 --> 00:15:11,890 Suze: And the federal government really does have a major effect 217 00:15:12,200 --> 00:15:18,919 Suze: on everybody. On Friday, it was its tenth day that 218 00:15:18,919 --> 00:15:20,679 Suze: it was still shut down. 219 00:15:21,309 --> 00:15:24,830 Suze: But what's really affecting people more in my opinion than 220 00:15:24,830 --> 00:15:27,969 Suze: even it being shut down now all of a sudden 221 00:15:27,969 --> 00:15:33,010 Suze: the news is out that layoffs of federal workers are 222 00:15:33,010 --> 00:15:37,169 Suze: actually happening, not only for the furlough workers that are 223 00:15:37,169 --> 00:15:39,289 Suze: they going to get back pay or are they not. 224 00:15:39,989 --> 00:15:45,989 Suze: But now actual layoffs are starting to be implemented and 225 00:15:45,989 --> 00:15:50,869 Suze: that affects everything all the way down the road. It 226 00:15:50,869 --> 00:15:53,929 Suze: really does, you know, sometimes we think, oh well, this 227 00:15:53,929 --> 00:15:55,190 Suze: doesn't really affect me. 228 00:15:55,489 --> 00:16:00,489 Suze: I don't work for the federal government. Everything today affects 229 00:16:00,489 --> 00:16:04,869 Suze: every single one of us, and when you see that 230 00:16:04,869 --> 00:16:08,330 Suze: they're still arguing, they can't come to a decision, who 231 00:16:08,330 --> 00:16:10,059 Suze: knows how long it will last. 232 00:16:10,760 --> 00:16:14,219 Suze: And you combine that now with tariffs again and all 233 00:16:14,219 --> 00:16:17,349 Suze: of a sudden the two most powerful political figures in 234 00:16:17,349 --> 00:16:19,909 Suze: the world not getting along, 235 00:16:20,750 --> 00:16:24,140 Suze: the President of China, the President of the United States. 236 00:16:25,179 --> 00:16:30,390 Suze: It affects you and what affects you affects the stock 237 00:16:30,390 --> 00:16:32,650 Suze: market because you are the stock market. 238 00:16:33,369 --> 00:16:35,760 Suze: And that's what's going on. 239 00:16:36,710 --> 00:16:39,229 Suze: So what can you do about it? 240 00:16:40,059 --> 00:16:42,739 Suze: As Iyanla Vanzant, remember her? She used to be on Oprah 241 00:16:42,739 --> 00:16:45,219 Suze: and she had that show Fix My Life. She is a 242 00:16:45,219 --> 00:16:48,059 Suze: very dear friend of mine, she would always say, Take 243 00:16:48,059 --> 00:16:51,739 Suze: a breath. Just take a breath, everybody. So can we 244 00:16:51,739 --> 00:16:53,669 Suze: just do that all together right now? 245 00:16:54,679 --> 00:16:56,049 Suze: Take a breath. 246 00:16:57,940 --> 00:17:02,039 Suze: And just know that you were not in the stock 247 00:17:02,039 --> 00:17:08,209 Suze: market for a day or a month or a year. 248 00:17:08,369 --> 00:17:10,449 Suze: Didn't we have an agreement that you were going to 249 00:17:10,449 --> 00:17:14,880 Suze: be investing for at least five years or longer? 250 00:17:15,770 --> 00:17:18,708 Suze: So if something goes down, let it go down. 251 00:17:19,578 --> 00:17:23,338 Suze: Will it come back up if it's good quality stocks, 252 00:17:23,379 --> 00:17:26,658 Suze: it is going to come back, and it might come 253 00:17:26,659 --> 00:17:31,138 Suze: back a lot faster than you have any idea. So 254 00:17:31,138 --> 00:17:35,899 Suze: do yourself a favor and just stop looking. If you 255 00:17:35,898 --> 00:17:39,859 Suze: don't have the money to dollar cost average more into 256 00:17:39,859 --> 00:17:44,458 Suze: these markets, you invested everything, good, just stop looking. 257 00:17:45,209 --> 00:17:49,479 Suze: Ask yourself the question, is what I have my money 258 00:17:49,479 --> 00:17:50,329 Suze: invested in. 259 00:17:51,150 --> 00:17:55,420 Suze: Is it diversified? Are you doing the strategy where maybe 50% 260 00:17:55,420 --> 00:17:57,829 Suze: of your money is in VOO or the Standard and Poor's 261 00:17:57,829 --> 00:18:02,510 Suze: 500 index somewhere and the rest in individual stocks that 262 00:18:02,510 --> 00:18:03,949 Suze: you really like? 263 00:18:05,020 --> 00:18:09,130 Suze: If that's true, or all of your money, for instance, 264 00:18:09,339 --> 00:18:10,459 Suze: is in voo, 265 00:18:11,430 --> 00:18:17,669 Suze: then just do that. If you're invested properly, you will 266 00:18:17,670 --> 00:18:19,429 Suze: be OK. 267 00:18:20,670 --> 00:18:25,739 Suze: So, the real problem is not is the stock market 268 00:18:25,739 --> 00:18:27,790 Suze: going up or down and what are you going to 269 00:18:27,790 --> 00:18:29,229 Suze: do and things like that. 270 00:18:30,000 --> 00:18:32,829 Suze: It's what are the people going to do who work 271 00:18:32,829 --> 00:18:36,670 Suze: for the federal government who have now just lost their 272 00:18:36,670 --> 00:18:41,149 Suze: jobs or people who haven't been told they've lost their 273 00:18:41,150 --> 00:18:44,030 Suze: jobs but they're on furlough and who knows if they're 274 00:18:44,030 --> 00:18:47,619 Suze: going to get back pay or not? What are they 275 00:18:47,869 --> 00:18:53,390 Suze: going to do? And the question becomes do they take 276 00:18:53,390 --> 00:18:58,670 Suze: money out of their TSP or their Roth IRAs? What 277 00:18:58,670 --> 00:18:59,579 Suze: do they do? 278 00:19:00,579 --> 00:19:04,219 Suze: And here's just something I want to say to everybody. 279 00:19:05,270 --> 00:19:08,438 Suze: You know, and I know when you have a 401k 280 00:19:08,439 --> 00:19:12,670 Suze: or a TSP or a 403B, you can take a 281 00:19:12,670 --> 00:19:15,969 Suze: loan from that retirement account. 282 00:19:16,969 --> 00:19:19,640 Suze: And therefore use it for whatever you want. 283 00:19:20,859 --> 00:19:24,219 Suze: And pay it back over a 5 year period of 284 00:19:24,219 --> 00:19:29,250 Suze: time in most cases. Please be very careful if you're 285 00:19:29,250 --> 00:19:32,380 Suze: on furlough right now and you don't know if you're 286 00:19:32,380 --> 00:19:34,209 Suze: going to get back pay or not. 287 00:19:35,589 --> 00:19:40,880 Suze: And especially if you think you're going to lose your job, 288 00:19:41,449 --> 00:19:46,329 Suze: do not take money via a loan from a TSP 289 00:19:46,329 --> 00:19:49,409 Suze: or any retirement plan like that, that you may happen 290 00:19:49,410 --> 00:19:53,010 Suze: to have, because if you lose your job. 291 00:19:54,219 --> 00:19:57,989 Suze: That money that you took out will be taxed to 292 00:19:57,989 --> 00:19:59,910 Suze: you as ordinary income. 293 00:20:00,939 --> 00:20:03,739 Suze: This year, in fact, if it is this year that 294 00:20:03,739 --> 00:20:06,969 Suze: you took the money out and you will get a 10% 295 00:20:06,969 --> 00:20:10,260 Suze: penalty on it if you are not at least 55 296 00:20:10,260 --> 00:20:14,969 Suze: years of age or older this year, I said 55. 297 00:20:14,979 --> 00:20:18,189 Suze: I did not mean to say 59 and a half. 298 00:20:18,890 --> 00:20:21,560 Suze: Because there is a rule that says if you are 299 00:20:21,560 --> 00:20:25,369 Suze: 55 or older in the year you've lost your job 300 00:20:25,369 --> 00:20:30,448 Suze: or leave service, any money that you take from a 401k, 301 00:20:30,540 --> 00:20:36,930 Suze: a 403B, a TSP, not an IRA, but those three 302 00:20:36,930 --> 00:20:43,089 Suze: employer sponsored plans, there is no 10% penalty. You are 303 00:20:43,089 --> 00:20:47,359 Suze: of age, but if you're under that age, you take 304 00:20:47,359 --> 00:20:48,010 Suze: a loan, 305 00:20:48,729 --> 00:20:51,569 Suze: now you no longer have a job. That money now 306 00:20:51,569 --> 00:20:54,089 Suze: will probably be due and payable within a month. It 307 00:20:54,089 --> 00:20:57,329 Suze: just depends on what they decide. And if you don't 308 00:20:57,329 --> 00:21:00,750 Suze: have it to pay, you're going to owe ordinary income 309 00:21:00,750 --> 00:21:06,170 Suze: tax on it and a 10% penalty. But Suze, I 310 00:21:06,170 --> 00:21:08,410 Suze: don't have any money. I have to do something. Listen 311 00:21:08,410 --> 00:21:08,849 Suze: to me. 312 00:21:09,819 --> 00:21:13,899 Suze: Money that is in your employer sponsored plan as well 313 00:21:13,900 --> 00:21:18,140 Suze: as an IRA, by the way, Roth or traditional in 314 00:21:18,140 --> 00:21:22,540 Suze: most cases is protected against bankruptcy. 315 00:21:23,510 --> 00:21:27,430 Suze: If you don't have any money, you cannot pay your bills. 316 00:21:27,589 --> 00:21:30,589 Suze: It's no fault of your own. You thought you had 317 00:21:30,589 --> 00:21:33,420 Suze: a solid job and all of a sudden. 318 00:21:34,229 --> 00:21:37,800 Suze: The government has done all of these shenanigans and now 319 00:21:37,800 --> 00:21:39,280 Suze: you don't have a job. 320 00:21:40,439 --> 00:21:45,379 Suze: You may have to claim bankruptcy and therefore you need 321 00:21:45,380 --> 00:21:49,739 Suze: to protect what you have in a retirement account. 322 00:21:50,510 --> 00:21:54,479 Suze: I rather you charge up your credit cards to the max. 323 00:21:54,959 --> 00:21:58,959 Suze: Do whatever you can, but do not, and I repeat, 324 00:21:59,170 --> 00:22:05,339 Suze: do not touch money that is in your retirement accounts. Now, 325 00:22:05,609 --> 00:22:08,688 Suze: there may be some of you federal employees that you 326 00:22:08,689 --> 00:22:09,239 Suze: know 327 00:22:09,750 --> 00:22:13,209 Suze: you are absolutely going to get back pay. Let's say 328 00:22:13,209 --> 00:22:16,290 Suze: you're an air traffic controller or whatever it is, and 329 00:22:16,290 --> 00:22:20,010 Suze: you're not getting pay right now, but you know that 330 00:22:20,010 --> 00:22:22,290 Suze: they are going to give you back pay because you're 331 00:22:22,290 --> 00:22:24,250 Suze: absolutely still working. 332 00:22:25,189 --> 00:22:28,839 Suze: What do you do? If you happen to have a 333 00:22:28,839 --> 00:22:34,719 Suze: Roth IRA, never forget that you can take out any 334 00:22:34,719 --> 00:22:39,989 Suze: contributions that you originally put in without taxes or penalties whatsoever, 335 00:22:40,550 --> 00:22:43,919 Suze: regardless of how long the account has been open or 336 00:22:43,920 --> 00:22:48,000 Suze: your age. But also don't forget, 337 00:22:48,770 --> 00:22:53,800 Suze: you can do what's called a Roth IRA roll over, 338 00:22:53,890 --> 00:22:56,849 Suze: and you can do this with a regular IRA as 339 00:22:56,849 --> 00:23:02,448 Suze: well where you withdraw money with the intention of putting 340 00:23:02,449 --> 00:23:05,729 Suze: it back within 60 days. 341 00:23:06,500 --> 00:23:08,910 Suze: So if... and you can only do this by the way, 342 00:23:09,000 --> 00:23:11,560 Suze: once every 12 months. 343 00:23:12,660 --> 00:23:16,420 Suze: Therefore, if you are in a situation, listen closely to 344 00:23:16,420 --> 00:23:22,718 Suze: me now, and you really need money and you know 345 00:23:23,099 --> 00:23:25,979 Suze: that as soon as this ends you're going to get 346 00:23:25,979 --> 00:23:29,420 Suze: this back pay, so then you'll have that money to 347 00:23:29,420 --> 00:23:34,339 Suze: put back in your Roth or your IRA within that 348 00:23:34,339 --> 00:23:35,849 Suze: 60 day period. 349 00:23:36,569 --> 00:23:40,339 Suze: It's something that you may need to take advantage of 350 00:23:40,339 --> 00:23:43,560 Suze: if there is just no money to pay your bills 351 00:23:43,560 --> 00:23:46,119 Suze: and you live paycheck to paycheck. 352 00:23:47,050 --> 00:23:50,400 Suze: But if you do not get that money back within 353 00:23:50,400 --> 00:23:56,550 Suze: those 60 days, listen to me again with your Roth IRA, 354 00:23:56,739 --> 00:24:00,719 Suze: you are only to take out that amount which you 355 00:24:00,719 --> 00:24:02,119 Suze: originally contributed. 356 00:24:03,439 --> 00:24:08,520 Suze: Because if something happens and you cannot put that money back... OK, 357 00:24:08,979 --> 00:24:14,099 Suze: it is still your money without taxes or penalties. If 358 00:24:14,099 --> 00:24:16,218 Suze: it is a traditional IRA. 359 00:24:17,199 --> 00:24:19,880 Suze: Any money you take out if you do not get 360 00:24:19,880 --> 00:24:24,119 Suze: it back within 60 days you are going to pay 361 00:24:24,119 --> 00:24:28,390 Suze: an ordinary income tax on that money plus a 10% 362 00:24:28,390 --> 00:24:32,389 Suze: penalty if you're not 59 and a half years of age or older. 363 00:24:32,640 --> 00:24:39,189 Suze: So be very, very careful, everybody. Bottom line, the certainty 364 00:24:39,189 --> 00:24:40,959 Suze: of uncertainty. 365 00:24:42,030 --> 00:24:47,899 Suze: And until the uncertainty goes away, you should expect these 366 00:24:47,900 --> 00:24:52,180 Suze: markets to be absolutely going up, going down, and all 367 00:24:52,180 --> 00:24:57,050 Suze: over the place, but trust me, the uncertainty will go away. 368 00:24:57,920 --> 00:25:02,189 Suze: Many of these stocks and our favorite stocks will return. 369 00:25:03,069 --> 00:25:05,540 Suze: You will be happy that you either kept them or 370 00:25:05,540 --> 00:25:07,409 Suze: dollar cost averaged into them. 371 00:25:08,189 --> 00:25:12,239 Suze: And again they could go 10% lower, 20% lower. They 372 00:25:12,239 --> 00:25:13,410 Suze: can go lower. 373 00:25:14,510 --> 00:25:19,439 Suze: But they could also go a lot higher over time. 374 00:25:19,530 --> 00:25:23,170 Suze: All right, so that brings us to the end of 375 00:25:23,170 --> 00:25:28,000 Suze: this Suze School: The Certainty of Uncertainty. Two things though 376 00:25:28,000 --> 00:25:30,359 Suze: I do want to talk to you about as well. 377 00:25:30,890 --> 00:25:33,890 Suze: The one year treasury right now, as I said, is 378 00:25:33,890 --> 00:25:39,300 Suze: down to about 3.6%. Alliant Credit Union for new money, 379 00:25:39,410 --> 00:25:43,849 Suze: their one year certificate is at 4.10. 380 00:25:44,670 --> 00:25:49,989 Suze: For amounts of $75,000 or more, it's at 4.15%, but 381 00:25:49,989 --> 00:25:55,550 Suze: that is for new money that you put in there. Again, 382 00:25:55,670 --> 00:26:01,910 Suze: go to myalliant.com and check it out. Also, I want 383 00:26:01,910 --> 00:26:07,399 Suze: you to support me by subscribing to my YouTube channel 384 00:26:07,969 --> 00:26:11,810 Suze: so that you can be notified when a new video 385 00:26:11,810 --> 00:26:12,719 Suze: goes up. 386 00:26:13,479 --> 00:26:18,900 Suze: So you go to youtube.com/ Suze Orman S U Z 387 00:26:18,900 --> 00:26:23,569 Suze: E O R M A N and subscribe. Got that? 388 00:26:23,979 --> 00:26:27,899 Suze: So until Thursday when Miss Travis joins me again, can 389 00:26:27,900 --> 00:26:30,500 Suze: you believe I'm even lonely for her today? I better 390 00:26:30,500 --> 00:26:32,969 Suze: go find out what she's doing. There's only one thing 391 00:26:32,969 --> 00:26:34,859 Suze: that I want you to remember when it comes to 392 00:26:34,859 --> 00:26:38,929 Suze: your money, and it is this: Be certain people. 393 00:26:39,609 --> 00:26:44,290 Suze: Be certain about what you do and don't let others' 394 00:26:44,290 --> 00:26:51,959 Suze: uncertainty get you off the track. Remember the certainty of uncertainty. 395 00:26:52,209 --> 00:26:56,770 Suze: So people first be certain about your money. Then you 396 00:26:56,770 --> 00:27:00,389 Suze: can invest your money wisely, and then in the end, 397 00:27:00,660 --> 00:27:05,310 Suze: you'll have money to buy things, hopefully things that you need. 398 00:27:05,560 --> 00:27:10,569 Suze: All right, until then, stay safe, secure, and healthy. Bye 399 00:27:10,569 --> 00:27:11,188 Suze: bye now.