1 00:00:34,240 --> 00:00:42,350 Suze: June 19th, 2022 June 19th Oh, today is a great 2 00:00:42,360 --> 00:00:42,960 Suze: day 3 00:00:43,540 --> 00:00:47,430 Suze: because today is Father's day. So to all the fathers 4 00:00:47,430 --> 00:00:48,159 Suze: out there, 5 00:00:48,540 --> 00:00:51,350 Suze: Suze, O here wishing all of you, one of the 6 00:00:51,350 --> 00:00:53,159 Suze: greatest days of your life. 7 00:00:54,140 --> 00:00:57,260 Suze: Today is the day that we also honor Juneteenth 8 00:00:57,940 --> 00:01:01,660 Suze: and what went on today years and years ago. 9 00:01:02,340 --> 00:01:07,860 Suze: And so we honor that as well. And we honor 10 00:01:07,940 --> 00:01:12,679 Suze: one of KT's best friends, Annabelle, who lives in Puerto 11 00:01:12,680 --> 00:01:13,650 Suze: rico now, 12 00:01:14,040 --> 00:01:17,360 Suze: It is her 75th birthday to day. 13 00:01:18,340 --> 00:01:20,949 Suze: So it seems like today 14 00:01:21,500 --> 00:01:23,860 Suze: is a really, really great day. 15 00:01:24,340 --> 00:01:28,449 Suze: Welcome everybody to the Women and Money podcast 16 00:01:29,240 --> 00:01:32,750 Suze: and all of you smart enough to listen. 17 00:01:33,740 --> 00:01:35,059 Suze: Well 18 00:01:36,540 --> 00:01:37,860 Suze: I'm almost speechless 19 00:01:38,540 --> 00:01:43,340 Suze: and I'm speechless because last week in the market in 20 00:01:43,340 --> 00:01:44,660 Suze: the investment world 21 00:01:45,640 --> 00:01:46,360 Suze: was 22 00:01:47,140 --> 00:01:49,860 Suze: a week that I don't think anybody 23 00:01:50,440 --> 00:01:53,260 Suze: expected on any level. 24 00:01:53,640 --> 00:01:58,410 Suze: What's so interesting right now about investing and trying to 25 00:01:58,410 --> 00:02:01,480 Suze: come up with the right answers and the right solutions 26 00:02:01,480 --> 00:02:04,350 Suze: and everything is nothing, 27 00:02:04,840 --> 00:02:08,950 Suze: absolutely nothing is normal. 28 00:02:09,850 --> 00:02:11,260 Suze: You can have a company 29 00:02:11,740 --> 00:02:13,560 Suze: that makes a lot of money 30 00:02:14,540 --> 00:02:17,060 Suze: and yet their stock still goes down. 31 00:02:17,540 --> 00:02:19,250 Suze: You can have oil 32 00:02:19,940 --> 00:02:21,350 Suze: itself going up. 33 00:02:21,840 --> 00:02:24,750 Suze: But oil stocks going down, 34 00:02:25,440 --> 00:02:29,360 Suze: You have a .75% raise 35 00:02:30,040 --> 00:02:33,060 Suze: by the feds on Wednesday of last week, 36 00:02:33,639 --> 00:02:36,850 Suze: Something they haven't done forever like in 40 years. 37 00:02:38,340 --> 00:02:41,549 Suze: And even though everybody feels like that's normal, 38 00:02:41,940 --> 00:02:43,859 Suze: it's not normal 39 00:02:44,540 --> 00:02:51,650 Suze: and everything that is happening has a really serious ramification. 40 00:02:52,639 --> 00:02:58,460 Suze: So we're in a situation where we have incredibly high inflation, 8.6%. 41 00:02:58,940 --> 00:03:01,160 Suze: And what that means to all of you 42 00:03:01,840 --> 00:03:08,090 Suze: is that you're paying more for essentially everything. Your dollar 43 00:03:08,100 --> 00:03:11,860 Suze: doesn't go as far. So your dollar 44 00:03:12,740 --> 00:03:16,460 Suze: is actually shrinking in what it will buy for you 45 00:03:16,940 --> 00:03:17,960 Suze: now that 46 00:03:18,340 --> 00:03:21,160 Suze: no level is good for the economy. 47 00:03:22,100 --> 00:03:25,280 Suze: The other person that it's not good for is the 48 00:03:25,280 --> 00:03:27,260 Suze: President of the United States. 49 00:03:27,940 --> 00:03:31,620 Suze: Because the only thing that president Biden right now is 50 00:03:31,620 --> 00:03:34,360 Suze: being judged on is the economy. 51 00:03:34,940 --> 00:03:40,670 Suze: And everybody, whether it's rightfully or wrongfully are blaming him 52 00:03:40,680 --> 00:03:44,330 Suze: for the fact that we have such high inflation for 53 00:03:44,330 --> 00:03:48,560 Suze: the fact that gas prices, oil prices are so high. 54 00:03:48,940 --> 00:03:51,730 Suze: Now, I can go on and talk about how everything 55 00:03:51,730 --> 00:03:57,160 Suze: else is high, but everything is contingent on oil. 56 00:03:58,440 --> 00:04:01,730 Suze: And right now it seems as if oil has a 57 00:04:01,730 --> 00:04:04,050 Suze: target on its back. 58 00:04:04,940 --> 00:04:09,570 Suze: And the reason that is, is that this administration again, 59 00:04:09,570 --> 00:04:12,860 Suze: rightfully or wrongfully, that's not the point here 60 00:04:13,340 --> 00:04:17,960 Suze: wants the price of gasoline to calm down. 61 00:04:18,640 --> 00:04:22,279 Suze: If the price of oil, henceforth gasoline, what you are 62 00:04:22,279 --> 00:04:28,049 Suze: paying at the pump comes down, inflation starts to come 63 00:04:28,050 --> 00:04:28,560 Suze: down 64 00:04:28,940 --> 00:04:31,550 Suze: because if oil comes down, 65 00:04:32,240 --> 00:04:35,840 Suze: it's not as expensive to ship if you're shipping food 66 00:04:35,839 --> 00:04:39,130 Suze: and things like that in trucks, it's not as expensive 67 00:04:39,140 --> 00:04:42,560 Suze: to make certain types of things, Maybe plastic, things like that. 68 00:04:42,570 --> 00:04:47,190 Suze: And so eventually the price of food will come down 69 00:04:47,190 --> 00:04:48,650 Suze: somewhat as well. 70 00:04:50,339 --> 00:04:53,920 Suze: There are other problems with food and food shortages, but 71 00:04:53,930 --> 00:04:57,230 Suze: that's not what they're thinking about right now right now, 72 00:04:57,240 --> 00:04:59,960 Suze: they are concentrated on oil. 73 00:05:00,339 --> 00:05:03,820 Suze: oil companies so much so that they're inviting all of 74 00:05:03,820 --> 00:05:06,659 Suze: the energy companies to come and see them? 75 00:05:07,240 --> 00:05:08,650 Suze: They need to talk to them 76 00:05:09,040 --> 00:05:12,659 Suze: because they need oil to come down. 77 00:05:14,240 --> 00:05:14,960 Suze: Okay 78 00:05:15,540 --> 00:05:17,960 Suze: so now what do all of you do 79 00:05:18,640 --> 00:05:25,070 Suze: if you're invested in oil companies, energy companies, natural gas companies, 80 00:05:25,080 --> 00:05:29,240 Suze: what do you do? Because now you are seeing some 81 00:05:29,240 --> 00:05:31,260 Suze: significant losses 82 00:05:31,640 --> 00:05:35,589 Suze: from the top of where many of these E. T. S. 83 00:05:35,600 --> 00:05:38,060 Suze: And stocks happened to be 84 00:05:39,180 --> 00:05:44,060 Suze: X. L. E down considerably. Chevron down considerably. 85 00:05:44,640 --> 00:05:47,060 Suze: Pioneer down considerably. 86 00:05:47,740 --> 00:05:53,650 Suze: Devin down considerably. Diamondback down considerably and on and on. 87 00:05:54,839 --> 00:05:56,250 Suze: So what should you do? 88 00:05:57,240 --> 00:06:00,710 Suze: This is where it becomes very difficult for somebody like 89 00:06:00,710 --> 00:06:01,150 Suze: me 90 00:06:01,740 --> 00:06:04,650 Suze: because I like oil still 91 00:06:05,339 --> 00:06:07,760 Suze: I get that it has a target on its back 92 00:06:08,140 --> 00:06:10,560 Suze: but I'm still trying to be 93 00:06:11,040 --> 00:06:12,450 Suze: common sense here 94 00:06:13,040 --> 00:06:17,500 Suze: and going, we still have a supply shortage, we still 95 00:06:17,500 --> 00:06:22,280 Suze: have more demand China still is essentially locked up. What 96 00:06:22,279 --> 00:06:24,979 Suze: happens when they come out and they start to travel 97 00:06:24,980 --> 00:06:28,960 Suze: again and drive again there just isn't enough oil. 98 00:06:29,440 --> 00:06:34,279 Suze: So is oil going down right now because everybody wants 99 00:06:34,279 --> 00:06:35,260 Suze: it to go down? 100 00:06:36,640 --> 00:06:39,870 Suze: Is it possible oil is also going down because it 101 00:06:39,870 --> 00:06:41,650 Suze: is the only thing 102 00:06:42,240 --> 00:06:45,060 Suze: That went up at all. I mean even though some 103 00:06:45,060 --> 00:06:48,460 Suze: of these companies are down right now considerably, they're still 104 00:06:48,460 --> 00:06:50,760 Suze: up like 30, on the year. 105 00:06:51,540 --> 00:06:55,830 Suze: They're also paying an incredibly high dividend and the lower 106 00:06:55,830 --> 00:06:58,380 Suze: they go, if you happen to buy again, the higher 107 00:06:58,380 --> 00:07:01,050 Suze: that dividend really is to you because you didn't pay 108 00:07:01,050 --> 00:07:02,160 Suze: as much to buy it. 109 00:07:02,640 --> 00:07:04,460 Suze: But is it possible 110 00:07:04,940 --> 00:07:09,210 Suze: that many people who have significant gains in oil here, 111 00:07:09,210 --> 00:07:13,090 Suze: the energy stocks, are they also just saying I am 112 00:07:13,100 --> 00:07:15,160 Suze: out of anything and everything? 113 00:07:15,640 --> 00:07:18,910 Suze: I've had it, I still made money, I'm still up, 114 00:07:18,920 --> 00:07:20,050 Suze: I'm selling. 115 00:07:21,240 --> 00:07:24,870 Suze: So is it possible that oil and oil companies were 116 00:07:24,870 --> 00:07:26,460 Suze: so affected 117 00:07:27,440 --> 00:07:30,050 Suze: Because of those two things? 118 00:07:30,540 --> 00:07:34,960 Suze: Maybe? Yes, maybe, no, I'm not exactly sure and I 119 00:07:34,960 --> 00:07:38,430 Suze: don't know, but I have an inkling that that's what 120 00:07:38,430 --> 00:07:41,850 Suze: happened with them. So again, what do you do? 121 00:07:42,440 --> 00:07:44,800 Suze: And I was saying that's why it makes it so 122 00:07:44,800 --> 00:07:47,780 Suze: hard for somebody like me because I don't know where 123 00:07:47,780 --> 00:07:50,390 Suze: did you buy in? How much of a profit do 124 00:07:50,390 --> 00:07:51,260 Suze: you have? 125 00:07:51,640 --> 00:07:54,680 Suze: You know, what is your situation, have you held it 126 00:07:54,680 --> 00:07:56,160 Suze: for at least a year 127 00:07:56,840 --> 00:08:00,070 Suze: because if you only bought it a little while ago 128 00:08:00,080 --> 00:08:02,470 Suze: and you don't have a year as to where you 129 00:08:02,470 --> 00:08:05,590 Suze: have held it if you sell it now it is gain, 130 00:08:05,600 --> 00:08:08,150 Suze: you're going to pay ordinary income tax on it. 131 00:08:08,740 --> 00:08:10,450 Suze: So are you better off holding it 132 00:08:10,840 --> 00:08:11,860 Suze: anyway then 133 00:08:12,640 --> 00:08:15,720 Suze: or have you held it for a year or longer 134 00:08:15,730 --> 00:08:18,460 Suze: and now you would only pay capital gains tax? 135 00:08:19,340 --> 00:08:24,530 Suze: Maybe it makes sense in your particular situation to sell, 136 00:08:24,540 --> 00:08:28,210 Suze: Maybe you need money, maybe this is in your retirement account, maybe, 137 00:08:28,220 --> 00:08:32,860 Suze: I don't know all of your individual situations. 138 00:08:33,240 --> 00:08:37,260 Suze: So all I can do is tell you what I think, 139 00:08:37,640 --> 00:08:39,460 Suze: that does not mean that it's right 140 00:08:39,940 --> 00:08:43,079 Suze: and that does not mean that it is meant for 141 00:08:43,090 --> 00:08:43,560 Suze: you 142 00:08:44,740 --> 00:08:46,150 Suze: in your situation. 143 00:08:47,040 --> 00:08:48,750 Suze: But the way that I have looked 144 00:08:49,140 --> 00:08:53,550 Suze: at all the things that I have recommended to you 145 00:08:54,440 --> 00:08:57,650 Suze: is I have said to you over and over again, 146 00:08:58,240 --> 00:09:00,160 Suze: the way that you invest 147 00:09:01,040 --> 00:09:03,949 Suze: is by dollar cost averaging. You do not 148 00:09:04,540 --> 00:09:07,060 Suze: just buy something and that's it. 149 00:09:08,140 --> 00:09:11,010 Suze: That is not how you do it. Even if all 150 00:09:11,010 --> 00:09:14,880 Suze: you have to invest is $50 period, you're not going 151 00:09:14,880 --> 00:09:18,059 Suze: to have more than $50 to invest. 152 00:09:18,940 --> 00:09:22,720 Suze: Then can you just take $5 every month and then 153 00:09:22,720 --> 00:09:23,950 Suze: buy slices 154 00:09:24,440 --> 00:09:27,900 Suze: And buy what you want to buy over a period 155 00:09:27,900 --> 00:09:30,780 Suze: of time, but don't put that $50 in all at 156 00:09:30,780 --> 00:09:34,720 Suze: one lump sum. Did I not tell you that? I 157 00:09:34,720 --> 00:09:36,350 Suze: most certainly have. 158 00:09:37,140 --> 00:09:38,550 Suze: So therefore, 159 00:09:39,040 --> 00:09:40,860 Suze: if you're in a situation 160 00:09:41,340 --> 00:09:44,660 Suze: where you have been dollar cost averaging 161 00:09:45,340 --> 00:09:49,960 Suze: and you started to dollar cost average maybe 162 00:09:50,440 --> 00:09:51,959 Suze: a month or two ago 163 00:09:52,940 --> 00:09:56,319 Suze: and now a lot of these oil companies that you 164 00:09:56,320 --> 00:09:56,960 Suze: have bought 165 00:09:57,340 --> 00:10:00,550 Suze: are down considerably, okay 166 00:10:01,140 --> 00:10:04,929 Suze: here you are, maybe a month later. Now on days 167 00:10:04,929 --> 00:10:07,050 Suze: like this or whatever it may be 168 00:10:07,640 --> 00:10:08,960 Suze: by an equal amount. 169 00:10:10,540 --> 00:10:16,320 Suze: Again, you dollar cost average and hopefully you're dollar cost 170 00:10:16,330 --> 00:10:17,760 Suze: averaging down 171 00:10:18,340 --> 00:10:20,860 Suze: where things are getting cheaper 172 00:10:21,340 --> 00:10:25,429 Suze: rather than dollar cost averaging up where you bought in 173 00:10:25,440 --> 00:10:27,819 Suze: and now the markets are going up and every time 174 00:10:27,820 --> 00:10:29,650 Suze: you buy it gets more expensive 175 00:10:30,040 --> 00:10:33,010 Suze: in markets like that, you probably want to do lump 176 00:10:33,010 --> 00:10:36,620 Suze: sums but that is not the type of market we 177 00:10:36,630 --> 00:10:37,449 Suze: are in. 178 00:10:38,340 --> 00:10:39,559 Suze: So this is 179 00:10:39,940 --> 00:10:42,660 Suze: just something I want to say to all of you 180 00:10:43,140 --> 00:10:46,560 Suze: because I know you're confused what to do. 181 00:10:47,440 --> 00:10:48,850 Suze: X. L. E. 182 00:10:49,340 --> 00:10:52,700 Suze: Is an E. T. F. That is like a basket 183 00:10:52,710 --> 00:10:54,460 Suze: of energy companies 184 00:10:54,940 --> 00:10:57,850 Suze: and we started to talk or I started to talk 185 00:10:57,850 --> 00:11:01,020 Suze: about X. L. E. Over two years ago and many 186 00:11:01,020 --> 00:11:03,880 Suze: of you got in, most of you got in when 187 00:11:03,880 --> 00:11:07,450 Suze: it was about $35 a share 188 00:11:07,940 --> 00:11:08,860 Suze: and now 189 00:11:09,240 --> 00:11:11,250 Suze: You know it's in the mid 70's 190 00:11:11,740 --> 00:11:15,920 Suze: So you have a tremendous gain because after we started 191 00:11:15,920 --> 00:11:19,120 Suze: to buy it at 35 it went down and down 192 00:11:19,130 --> 00:11:22,560 Suze: into the twenties and it turned around so 193 00:11:23,240 --> 00:11:27,050 Suze: you're doing fabulous, you're going to have to decide 194 00:11:27,540 --> 00:11:29,250 Suze: what do you want to do 195 00:11:29,640 --> 00:11:35,150 Suze: Once it broke 77, it broke a major support level 196 00:11:35,150 --> 00:11:36,059 Suze: for itself 197 00:11:36,640 --> 00:11:39,960 Suze: and all of you know if you listen to the podcast, 198 00:11:40,340 --> 00:11:42,460 Suze: what a support level is, 199 00:11:42,840 --> 00:11:46,410 Suze: it's the support of a stock and when a stock 200 00:11:46,410 --> 00:11:50,950 Suze: normally hits that level, it usually bounces off of it 201 00:11:50,960 --> 00:11:53,550 Suze: and goes higher if it goes through it. 202 00:11:54,540 --> 00:11:59,060 Suze: So XLE went through its $77 support level 203 00:12:00,140 --> 00:12:02,360 Suze: that means it's breaking down, 204 00:12:02,940 --> 00:12:05,120 Suze: is it possible that will go back up again. Is 205 00:12:05,120 --> 00:12:06,560 Suze: it probable. Uh huh 206 00:12:07,140 --> 00:12:09,300 Suze: But you may just want to say you know what 207 00:12:09,309 --> 00:12:12,380 Suze: I am happy with what I have, I'm not quite 208 00:12:12,380 --> 00:12:15,170 Suze: understanding what's happening in these markets and why it's doing 209 00:12:15,170 --> 00:12:18,290 Suze: what it's doing and maybe you sell, maybe you sell 210 00:12:18,290 --> 00:12:18,750 Suze: half 211 00:12:20,340 --> 00:12:21,750 Suze: or maybe you say to yourself, 212 00:12:22,140 --> 00:12:24,709 Suze: you know what Suze, I don't actually care whether it 213 00:12:24,710 --> 00:12:27,110 Suze: goes up or down or whatever. I love the dividends 214 00:12:27,120 --> 00:12:29,960 Suze: it's paying me, I believe in it. I think oil 215 00:12:29,960 --> 00:12:32,060 Suze: is going to go back up, maybe I'm gonna keep it. 216 00:12:33,240 --> 00:12:36,070 Suze: So that's what you may be thinking if you happen 217 00:12:36,070 --> 00:12:36,860 Suze: to buy it 218 00:12:37,440 --> 00:12:40,050 Suze: When it was in the high 80s or high or 219 00:12:40,050 --> 00:12:42,060 Suze: low 90s just a little bit ago 220 00:12:43,140 --> 00:12:45,650 Suze: or you bought anything else when it was a whole 221 00:12:45,650 --> 00:12:49,430 Suze: lot higher now, maybe 10 15% even higher than where 222 00:12:49,429 --> 00:12:50,660 Suze: it is right now, 223 00:12:51,590 --> 00:12:53,660 Suze: you would be dollar cost averaging 224 00:12:54,640 --> 00:12:56,620 Suze: and if you have time on your side, you have 225 00:12:56,620 --> 00:12:57,760 Suze: years or whatever, 226 00:12:58,440 --> 00:13:00,510 Suze: I have to say, I would watch it here and 227 00:13:00,510 --> 00:13:03,360 Suze: see what happens and I would continue to dollar cost 228 00:13:03,360 --> 00:13:04,260 Suze: average into it. 229 00:13:04,640 --> 00:13:06,760 Suze: I am waiting once again 230 00:13:07,340 --> 00:13:10,580 Suze: to buy more of certain energy companies because I do 231 00:13:10,580 --> 00:13:12,460 Suze: think they possibly could go lower here 232 00:13:13,440 --> 00:13:16,349 Suze: because there is a target on their back 233 00:13:16,740 --> 00:13:20,689 Suze: but I still love the dividends and the variable dividends 234 00:13:20,690 --> 00:13:21,860 Suze: that they are paying. 235 00:13:22,440 --> 00:13:25,829 Suze: I mean if you know some of these companies continue 236 00:13:25,830 --> 00:13:30,260 Suze: down Pioneer and whatever and you buy them 237 00:13:30,740 --> 00:13:33,910 Suze: Pretty soon their dividend and everything will be almost 20% 238 00:13:33,910 --> 00:13:34,960 Suze: to you possibly. 239 00:13:35,740 --> 00:13:39,620 Suze: So it just depends how you want to view, how 240 00:13:39,620 --> 00:13:42,110 Suze: you're going to make money. Do you make it on 241 00:13:42,110 --> 00:13:45,780 Suze: growth or do you make it on dividends? Do you 242 00:13:45,780 --> 00:13:47,559 Suze: do things like that? 243 00:13:48,540 --> 00:13:53,599 Suze: So that's how I feel about oil right now Again, 244 00:13:53,610 --> 00:13:55,050 Suze: I still think 245 00:13:55,740 --> 00:13:58,949 Suze: that we don't have enough supply to meet the demand, 246 00:13:59,440 --> 00:14:03,660 Suze: but let's just see what strings somebody is pulling 247 00:14:04,040 --> 00:14:06,350 Suze: and that will dictate a lot 248 00:14:07,140 --> 00:14:08,960 Suze: in terms of real estate, 249 00:14:09,940 --> 00:14:12,330 Suze: real estate kind of has a target on its back 250 00:14:12,330 --> 00:14:12,760 Suze: to 251 00:14:13,940 --> 00:14:15,459 Suze: because you heard 252 00:14:15,940 --> 00:14:19,220 Suze: If you listen to it, Jerome Powell after he raised 253 00:14:19,230 --> 00:14:22,660 Suze: interest rates .7, for the Feds. 254 00:14:23,640 --> 00:14:27,360 Suze: Now I'm summarizing what I heard him say, we need 255 00:14:27,360 --> 00:14:30,950 Suze: to get control over mortgage interest rate in terms of 256 00:14:30,960 --> 00:14:33,750 Suze: making it so that houses go down again. 257 00:14:34,540 --> 00:14:37,860 Suze: So that millennials have a chance to enter the market. 258 00:14:38,340 --> 00:14:42,960 Suze: So you could tell that he is very, very serious 259 00:14:43,740 --> 00:14:47,550 Suze: right now about cutting down inflation 260 00:14:48,140 --> 00:14:51,460 Suze: about bringing up the unemployment rate 261 00:14:52,440 --> 00:14:56,640 Suze: making it really, really so that all of us stop 262 00:14:56,650 --> 00:14:58,260 Suze: spending money. 263 00:14:58,940 --> 00:15:01,250 Suze: So inflation comes down. 264 00:15:02,040 --> 00:15:04,650 Suze: So what does that do for real estate? 265 00:15:05,440 --> 00:15:07,560 Suze: Well on one level, it's shot 266 00:15:08,040 --> 00:15:12,560 Suze: The 30 year mortgage at one point up to over 6%,, 267 00:15:13,840 --> 00:15:16,770 Suze: which I did not think we were going to see, 268 00:15:16,880 --> 00:15:22,560 Suze: I thought for sure it was going to remain around 5 - 5.5% 269 00:15:23,440 --> 00:15:24,660 Suze: but obviously 270 00:15:25,040 --> 00:15:26,960 Suze: they don't think that's quite high enough, 271 00:15:27,440 --> 00:15:29,910 Suze: they think that all of you are going to continue 272 00:15:29,910 --> 00:15:32,360 Suze: to buy homes or real estate no matter what. 273 00:15:32,740 --> 00:15:33,160 Suze: So 274 00:15:33,740 --> 00:15:35,860 Suze: it can go up to 6 - 6.5% 275 00:15:36,240 --> 00:15:41,370 Suze: which benefits who? It benefits the financial institutions because they 276 00:15:41,370 --> 00:15:44,600 Suze: are the ones, the banks, the mortgage companies, they're the 277 00:15:44,600 --> 00:15:47,910 Suze: ones who are making the difference in what it cost 278 00:15:47,910 --> 00:15:49,260 Suze: them to borrow money 279 00:15:49,740 --> 00:15:52,290 Suze: versus what they lend it to you at. They're going 280 00:15:52,290 --> 00:15:54,060 Suze: to be making a whole lot of money. 281 00:15:55,140 --> 00:15:58,729 Suze: But then that becomes very confusing as well because why 282 00:15:58,730 --> 00:16:00,260 Suze: aren't the bank stocks going up? 283 00:16:01,940 --> 00:16:04,570 Suze: So do you understand what I'm trying to say, nothing 284 00:16:04,580 --> 00:16:09,270 Suze: is normal. Everything kind of feels like it's being manipulated 285 00:16:09,270 --> 00:16:16,160 Suze: on some level to get the results of inflation coming down. 286 00:16:17,740 --> 00:16:18,250 Suze: So 287 00:16:18,740 --> 00:16:20,450 Suze: what's going to happen with real estate? 288 00:16:21,040 --> 00:16:23,250 Suze: I think you're seeing a lot of the real estate 289 00:16:23,250 --> 00:16:26,570 Suze: companies that are out there are the builders, their stocks 290 00:16:26,580 --> 00:16:28,360 Suze: are at the lowest, they've been in a while, 291 00:16:29,050 --> 00:16:29,960 Suze: you're seeing 292 00:16:30,340 --> 00:16:31,960 Suze: orders slow down 293 00:16:32,340 --> 00:16:34,860 Suze: and you're seeing applications slow down. 294 00:16:36,040 --> 00:16:39,260 Suze: However, I still don't think you're going to see a 295 00:16:39,260 --> 00:16:42,270 Suze: tremendous decrease at all. This is not like 296 00:16:42,640 --> 00:16:45,710 Suze: it was years ago where you bought a home for 297 00:16:45,710 --> 00:16:49,660 Suze: 700,000 and it went down to 170 I think if 298 00:16:49,660 --> 00:16:52,340 Suze: you bought a home for 700,000 in the past month, 299 00:16:52,340 --> 00:16:52,960 Suze: or so. 300 00:16:53,540 --> 00:16:56,090 Suze: It's going to stay at 700,000 for the next year 301 00:16:56,090 --> 00:16:58,850 Suze: or so, maybe it'll go up 5%. 302 00:16:59,340 --> 00:17:02,580 Suze: But as I've said in past podcast, I do not 303 00:17:02,590 --> 00:17:06,359 Suze: think it's going to continue to go up, 35% 304 00:17:06,940 --> 00:17:10,219 Suze: for those of you that are selling your homes. Real 305 00:17:10,220 --> 00:17:12,060 Suze: estate agents will tell you 306 00:17:12,440 --> 00:17:16,600 Suze: they don't have multiple buyers anymore in many areas. There 307 00:17:16,609 --> 00:17:20,510 Suze: are places where real estate agents have put the house 308 00:17:20,510 --> 00:17:22,850 Suze: on the market and one month later 309 00:17:23,340 --> 00:17:26,420 Suze: they still don't have any offers. And they have said 310 00:17:26,420 --> 00:17:28,649 Suze: if we had put the house on the market in 311 00:17:28,660 --> 00:17:32,520 Suze: April of this year, we would have had multiple over 312 00:17:32,520 --> 00:17:34,260 Suze: asking price offers. 313 00:17:34,840 --> 00:17:37,560 Suze: So sellers keep that in mind now 314 00:17:37,940 --> 00:17:42,170 Suze: buyers, it's starting to turn just a little bit where 315 00:17:42,180 --> 00:17:45,740 Suze: you do not have to go and say I have 316 00:17:45,740 --> 00:17:47,710 Suze: to do something to buy a house if I just 317 00:17:47,710 --> 00:17:50,409 Suze: don't give in and do anything and everything that's needed, 318 00:17:50,410 --> 00:17:52,060 Suze: I'll never be able to buy a home 319 00:17:53,000 --> 00:17:55,369 Suze: if you can afford it, you have a little bit more. 320 00:17:55,369 --> 00:17:58,560 Suze: I think negotiating power at this time 321 00:17:59,040 --> 00:18:02,629 Suze: I get that interest rates are at 5.5, 6% to 322 00:18:02,630 --> 00:18:03,450 Suze: buy a home. 323 00:18:04,040 --> 00:18:07,330 Suze: You know, I remember when I bought my first house 324 00:18:08,140 --> 00:18:10,680 Suze: In the mid 70s, somewhere in the 70s, I don't 325 00:18:10,680 --> 00:18:12,160 Suze: even remember the year anymore, 326 00:18:13,240 --> 00:18:15,550 Suze: but it was in California 327 00:18:16,040 --> 00:18:20,470 Suze: and I had gone out to California in 1973 in 328 00:18:20,470 --> 00:18:25,080 Suze: a Ford Econoline van that my brother lent me $1500 329 00:18:25,080 --> 00:18:29,000 Suze: to buy. And my girlfriend and I and two other 330 00:18:29,000 --> 00:18:32,560 Suze: friends in 1973 headed out 331 00:18:32,640 --> 00:18:36,560 Suze: to find our fortunes and ended up in Berkeley California 332 00:18:37,140 --> 00:18:40,860 Suze: and I started to get interested in real estate 333 00:18:41,640 --> 00:18:44,639 Suze: At that age, believe it or not, 22 or 23 334 00:18:44,910 --> 00:18:47,850 Suze: simply because my girlfriend's brother 335 00:18:48,540 --> 00:18:50,360 Suze: had just bought a home 336 00:18:51,040 --> 00:18:56,690 Suze: And his mortgage payment was $150 and our rent payment 337 00:18:56,700 --> 00:19:00,960 Suze: was $220 and I went, what is wrong with this? 338 00:19:01,440 --> 00:19:05,270 Suze: So somehow I ended up somewhere in the 70s there, 339 00:19:05,640 --> 00:19:08,740 Suze: learning how to buy a home with no money down, 340 00:19:08,890 --> 00:19:11,360 Suze: taking the Lowry Nickerson's seminars, 341 00:19:12,440 --> 00:19:17,760 Suze: But at that time interest rates were like at 15 342 00:19:17,770 --> 00:19:21,350 Suze: and 16% for that mortgage, 343 00:19:22,100 --> 00:19:27,459 Suze: but because real estate was so inexpensive still at that time, 344 00:19:28,310 --> 00:19:31,160 Suze: You know the house was only $48,000, 345 00:19:32,340 --> 00:19:35,780 Suze: It was like, and when I say only that's up 346 00:19:35,790 --> 00:19:39,850 Suze: from $17,000 a few years earlier because real estate started 347 00:19:39,850 --> 00:19:40,770 Suze: to go back then 348 00:19:41,140 --> 00:19:42,550 Suze: in Berkeley California. 349 00:19:43,040 --> 00:19:43,270 Suze: Mhm. 350 00:19:44,040 --> 00:19:46,570 Suze: I was still able to afford it big time because 351 00:19:46,570 --> 00:19:50,030 Suze: it was still less than our rent payment and we 352 00:19:50,030 --> 00:19:52,560 Suze: took in other people that lived with us and it 353 00:19:52,560 --> 00:19:53,460 Suze: was fabulous 354 00:19:54,040 --> 00:19:58,880 Suze: And I ended up selling that home I believe for 4, 600,000, 355 00:19:58,880 --> 00:19:59,770 Suze: something like that. 356 00:20:00,240 --> 00:20:00,450 Suze: Okay. 357 00:20:01,640 --> 00:20:02,450 Suze: Anyway, 358 00:20:03,140 --> 00:20:05,659 Suze: the point of why I'm telling you all this 359 00:20:06,140 --> 00:20:10,550 Suze: is that don't let higher interest rates scare you. 360 00:20:11,590 --> 00:20:14,530 Suze: If what you want to do is buy a piece 361 00:20:14,530 --> 00:20:16,060 Suze: of real estate right now 362 00:20:16,640 --> 00:20:19,260 Suze: And you know, you can afford it. You know, your 363 00:20:19,260 --> 00:20:23,310 Suze: job is stable, you'll have 20% to put down besides 364 00:20:23,310 --> 00:20:27,629 Suze: a one-year emergency fund, you're fully funding your retirement accounts, 365 00:20:27,640 --> 00:20:28,960 Suze: you're out of debt. 366 00:20:29,740 --> 00:20:30,960 Suze: Okay. Go for it, 367 00:20:31,640 --> 00:20:32,960 Suze: go for it 368 00:20:33,640 --> 00:20:37,660 Suze: because interest rates most likely will calm down again 369 00:20:38,040 --> 00:20:39,959 Suze: and you can refinance 370 00:20:40,940 --> 00:20:43,550 Suze: or even if you don't, it's okay, 371 00:20:44,140 --> 00:20:47,830 Suze: We have to stop thinking, Oh my God, 456%, that 372 00:20:47,830 --> 00:20:48,850 Suze: is so high. 373 00:20:49,240 --> 00:20:52,600 Suze: When years ago 6% was kind of the norm and 374 00:20:52,600 --> 00:20:55,859 Suze: it was like that's a great interest rate or a home. 375 00:20:56,340 --> 00:21:00,169 Suze: Remember it's also tax deductible. 376 00:21:00,940 --> 00:21:01,860 Suze: So 377 00:21:02,640 --> 00:21:06,250 Suze: real estate I think you're essentially still okay in in 378 00:21:06,250 --> 00:21:07,669 Suze: terms of the value 379 00:21:08,140 --> 00:21:10,770 Suze: for those of you who bought it a long time ago, 380 00:21:11,340 --> 00:21:14,460 Suze: You're doing pretty great over these past year two or 3. 381 00:21:15,020 --> 00:21:16,960 Suze: It's what do you do now? 382 00:21:17,940 --> 00:21:20,919 Suze: So now if you're a buyer, think about what I 383 00:21:20,920 --> 00:21:22,560 Suze: just said a few seconds ago 384 00:21:23,040 --> 00:21:25,310 Suze: and if you can get yourself a deal and you 385 00:21:25,310 --> 00:21:27,060 Suze: feel good about it, why not? 386 00:21:27,540 --> 00:21:30,930 Suze: And if you're a seller, maybe you shouldn't be quite 387 00:21:30,940 --> 00:21:32,060 Suze: as picky 388 00:21:32,740 --> 00:21:33,850 Suze: Bitcoin. 389 00:21:35,340 --> 00:21:38,830 Suze: I've said many times as well that if Bitcoin broke 390 00:21:38,830 --> 00:21:45,629 Suze: its support of 27,200, you would see it at 23,000 or 22,000 391 00:21:45,680 --> 00:21:51,560 Suze: totally possible that it could actually trade down to eighteen and a half thousand. 392 00:21:51,940 --> 00:21:57,420 Suze: If it breaks this $20,000 support level again we'll see 393 00:21:57,420 --> 00:21:58,859 Suze: where it will go. 394 00:21:59,640 --> 00:22:01,670 Suze: Bitcoin once again 395 00:22:02,340 --> 00:22:06,510 Suze: dollar cost average into it. I said with only money 396 00:22:06,520 --> 00:22:08,550 Suze: you can afford to lose. 397 00:22:09,140 --> 00:22:12,670 Suze: What's scaring me right now about Bitcoin 398 00:22:13,240 --> 00:22:16,919 Suze: is that I have many people who have told me 399 00:22:16,990 --> 00:22:21,580 Suze: that their friends are taking out large sums of money 400 00:22:21,590 --> 00:22:24,770 Suze: even from places that were supposed to be secured to 401 00:22:24,780 --> 00:22:29,170 Suze: do other things with to do what buy bit coin. 402 00:22:30,260 --> 00:22:34,060 Suze: Be very, very careful here. Who knows? Will it go up? 403 00:22:34,060 --> 00:22:37,820 Suze: Will it go down? I'm still holding on, I still 404 00:22:37,820 --> 00:22:41,440 Suze: like Ethereum, I'm still doing it for the long run. 405 00:22:41,450 --> 00:22:44,800 Suze: I am not putting any more money into it. I 406 00:22:44,800 --> 00:22:48,720 Suze: put a seriously small money into it for somebody like 407 00:22:48,720 --> 00:22:49,270 Suze: me 408 00:22:49,340 --> 00:22:51,859 Suze: and we'll just see what happens. 409 00:22:52,440 --> 00:22:54,660 Suze: So again be careful with that 410 00:22:55,340 --> 00:22:56,960 Suze: because Bitcoin 411 00:22:57,440 --> 00:23:01,790 Suze: proved not to be an inflation hedge which everybody thought 412 00:23:01,800 --> 00:23:03,050 Suze: it was going to be. 413 00:23:03,740 --> 00:23:05,869 Suze: That was one of the reasons by the way in 414 00:23:05,869 --> 00:23:10,270 Suze: my opinion that gold really wasn't able to do anything 415 00:23:10,640 --> 00:23:15,970 Suze: because everybody went who cares about gold, we can do Bitcoin, 416 00:23:15,970 --> 00:23:18,859 Suze: we can make a whole lot more money. And Bitcoin 417 00:23:19,240 --> 00:23:22,350 Suze: is an inflation hedge. Well that didn't prove out to 418 00:23:22,350 --> 00:23:26,290 Suze: be true which is why I think it's possible that 419 00:23:26,300 --> 00:23:30,590 Suze: gold here could go again but you have to be 420 00:23:30,590 --> 00:23:34,920 Suze: careful because it's very possible even probable that at this 421 00:23:34,920 --> 00:23:39,160 Suze: point it could go down a little bit more 422 00:23:39,740 --> 00:23:42,949 Suze: before maybe it turns around and goes back up. 423 00:23:43,740 --> 00:23:44,060 Suze: But 424 00:23:44,640 --> 00:23:48,060 Suze: this is called being diversified. 425 00:23:48,840 --> 00:23:51,580 Suze: You have a little bit of this, a little bit 426 00:23:51,590 --> 00:23:54,979 Suze: of that. You have the majority of your money growing. 427 00:23:54,980 --> 00:23:59,419 Suze: Hopefully tax free and retirement accounts deferred accounts, whatever it 428 00:23:59,420 --> 00:24:03,580 Suze: may be. You have your emergency funds in something like 429 00:24:03,590 --> 00:24:08,139 Suze: Alliant credit union and there you go. Speaking about Alliant 430 00:24:08,540 --> 00:24:09,770 Suze: credit union, 431 00:24:11,240 --> 00:24:14,859 Suze: they are the sponsor of this podcast 432 00:24:15,540 --> 00:24:18,500 Suze: and I couldn't be more proud if I tried for 433 00:24:18,500 --> 00:24:21,270 Suze: them to be the sponsor of this podcast. 434 00:24:21,840 --> 00:24:26,530 Suze: Currently they are paying you 1% on the ultimate opportunity 435 00:24:26,530 --> 00:24:29,250 Suze: savings account every one of you. If you have not 436 00:24:29,260 --> 00:24:30,660 Suze: yet opened one up, 437 00:24:31,240 --> 00:24:35,260 Suze: you should go to my alliant dot com 438 00:24:35,640 --> 00:24:36,859 Suze: and look for me, 439 00:24:37,640 --> 00:24:40,700 Suze: there's a reason why I'm telling you, I want all 440 00:24:40,700 --> 00:24:42,860 Suze: of you to be doing this right now. 441 00:24:43,240 --> 00:24:45,950 Suze: Can you just do it, put in $100 a month 442 00:24:45,950 --> 00:24:49,530 Suze: and you do that every single month for 12 consecutive months. 443 00:24:49,530 --> 00:24:52,440 Suze: They're going to give you $100 plus you made at 444 00:24:52,440 --> 00:24:55,060 Suze: least 1% on your money because if anything they're going 445 00:24:55,060 --> 00:24:56,560 Suze: to be raising that 1%. 446 00:24:56,940 --> 00:24:59,750 Suze: So listen to the end of this podcast for the 447 00:24:59,750 --> 00:25:03,960 Suze: full disclosure of how the ultimate opportunity savings account works. 448 00:25:04,340 --> 00:25:06,260 Suze: Yes. Yes. Yes. And speaking of Alliant 449 00:25:07,240 --> 00:25:12,310 Suze: June 30th mark your calendars at two p.m. East Coast 450 00:25:12,310 --> 00:25:14,899 Suze: time or adjust that for wherever you are and I'm 451 00:25:14,900 --> 00:25:18,550 Suze: going to be doing a webinar with Alliant. 452 00:25:19,340 --> 00:25:22,419 Suze: So tune on in and the way you do that 453 00:25:22,430 --> 00:25:26,430 Suze: is simply you can register for free at my alliant 454 00:25:26,430 --> 00:25:29,359 Suze: dot com slash webinar. 455 00:25:29,840 --> 00:25:33,050 Suze: So come on and don't forget to be with me then. 456 00:25:33,440 --> 00:25:35,720 Suze: See now I got off track there. I was talking 457 00:25:35,720 --> 00:25:38,910 Suze: to you about putting safe money here whatever. I don't 458 00:25:38,910 --> 00:25:40,460 Suze: remember what I was talking about. 459 00:25:40,840 --> 00:25:42,160 Suze: See how it is when you get 460 00:25:42,940 --> 00:25:43,660 Suze: into things 461 00:25:44,340 --> 00:25:48,359 Suze: whatever. Alright. But regardless of what I was saying there 462 00:25:48,840 --> 00:25:49,459 Suze: is that 463 00:25:49,840 --> 00:25:54,160 Suze: it's just diversified. You want to be diversified. 464 00:25:55,040 --> 00:25:55,550 Suze: Now 465 00:25:56,340 --> 00:25:58,950 Suze: I want to talk for a second about financial advisors 466 00:25:59,540 --> 00:26:01,850 Suze: because a lot of you are writing me really upset 467 00:26:02,050 --> 00:26:03,560 Suze: with your financial advisor. 468 00:26:04,040 --> 00:26:07,160 Suze: How could they have lost you so much money? 469 00:26:07,940 --> 00:26:11,270 Suze: No Financial advisor lost you money. 470 00:26:11,740 --> 00:26:14,260 Suze: You and you alone 471 00:26:15,540 --> 00:26:20,060 Suze: decided to keep your money in the investments they were in, 472 00:26:20,150 --> 00:26:23,719 Suze: you did not instruct your advisor to sell or the 473 00:26:23,720 --> 00:26:24,960 Suze: money would be out 474 00:26:25,340 --> 00:26:26,770 Suze: of the markets 475 00:26:28,040 --> 00:26:28,670 Suze: so 476 00:26:29,340 --> 00:26:32,659 Suze: you have nobody to blame really but yourself and I 477 00:26:32,660 --> 00:26:35,350 Suze: never want any of you to think that you are 478 00:26:35,350 --> 00:26:37,460 Suze: victim to your circumstances 479 00:26:38,040 --> 00:26:40,860 Suze: because there's always something we can do. 480 00:26:41,940 --> 00:26:44,160 Suze: So advisers, 481 00:26:45,140 --> 00:26:47,320 Suze: as I mentioned a little bit ago as well in 482 00:26:47,320 --> 00:26:50,460 Suze: a podcast a day or two ago or actually on 483 00:26:50,460 --> 00:26:54,449 Suze: Thursday is that nothing is normal. This is where I 484 00:26:54,450 --> 00:26:58,270 Suze: started today in terms of what's happening 485 00:26:59,840 --> 00:27:03,260 Suze: in the economy. Nothing is making sense. 486 00:27:04,140 --> 00:27:07,460 Suze: So you can't blame your advisers 487 00:27:08,140 --> 00:27:11,720 Suze: because hopefully they are doing the best they can do. 488 00:27:11,730 --> 00:27:14,260 Suze: But there is no place to run. There is no 489 00:27:14,260 --> 00:27:16,960 Suze: place to hide. There is no place 490 00:27:17,440 --> 00:27:20,170 Suze: to have been able to say. Yeah, let's get out, 491 00:27:20,170 --> 00:27:23,340 Suze: let's pay taxes. Yeah, it's going to go down this far. 492 00:27:23,369 --> 00:27:24,460 Suze: Nobody knew that 493 00:27:25,640 --> 00:27:28,669 Suze: so it couldn't go down further. Oh you bet 494 00:27:29,040 --> 00:27:34,170 Suze: You bet it can absolutely go down another 10 or 20% easily. 495 00:27:35,940 --> 00:27:37,879 Suze: You're the ones who are going to have to decide 496 00:27:37,880 --> 00:27:39,060 Suze: though what to do. 497 00:27:39,720 --> 00:27:41,160 Suze: So again, 498 00:27:41,640 --> 00:27:45,650 Suze: here's what I want to say about advisers. If you're 499 00:27:45,660 --> 00:27:47,550 Suze: unhappy with your advisor, 500 00:27:48,540 --> 00:27:51,389 Suze: what I want you to do is look at a 501 00:27:51,390 --> 00:27:55,119 Suze: normal standard and Poor's 500 index fund or the total 502 00:27:55,119 --> 00:27:58,980 Suze: Vanguard stock Market index fund and they're down about 20 503 00:27:58,980 --> 00:28:03,859 Suze: or 22% from their high and that's pretty diversified. 504 00:28:04,940 --> 00:28:07,670 Suze: Those are investments that are diversified. 505 00:28:08,640 --> 00:28:10,350 Suze: If you're down more 506 00:28:11,140 --> 00:28:15,060 Suze: than 20 or 22% in your portfolio 507 00:28:15,440 --> 00:28:19,540 Suze: when you told your advisors that you needed growth, you 508 00:28:19,540 --> 00:28:22,790 Suze: needed to be conservative, whatever it may be. So you 509 00:28:22,790 --> 00:28:25,490 Suze: did not instruct them to go for it, risk the money, 510 00:28:25,490 --> 00:28:26,360 Suze: you didn't care. 511 00:28:27,240 --> 00:28:30,770 Suze: But if you just told them what you needed 512 00:28:31,540 --> 00:28:34,560 Suze: and you wanted to be safe and sound 513 00:28:35,840 --> 00:28:42,260 Suze: And you have lost more than 22% in your portfolios 514 00:28:43,840 --> 00:28:46,170 Suze: then you don't have an advisor that 515 00:28:46,540 --> 00:28:50,400 Suze: really maybe heard what you wanted to do or is 516 00:28:50,400 --> 00:28:53,170 Suze: taking too much risk with you or 517 00:28:53,840 --> 00:28:56,770 Suze: doesn't have you diversified enough. 518 00:28:57,540 --> 00:29:01,240 Suze: So that may be an indication of an advisor that 519 00:29:01,240 --> 00:29:03,270 Suze: you should be upset with. 520 00:29:03,640 --> 00:29:08,010 Suze: None of you should be down 40 or 50% across 521 00:29:08,010 --> 00:29:11,560 Suze: the board in your portfolios. None of you. 522 00:29:12,840 --> 00:29:15,360 Suze: Mostly you should be down 15%,, 523 00:29:16,040 --> 00:29:17,360 Suze: maybe 20% 524 00:29:18,040 --> 00:29:20,350 Suze: But 15, 17%. Okay. 525 00:29:21,340 --> 00:29:24,670 Suze: Right now, believe it or not, that's kind of normal 526 00:29:25,040 --> 00:29:26,660 Suze: and that can be made up. 527 00:29:27,540 --> 00:29:29,360 Suze: But if you're in a portfolio 528 00:29:29,940 --> 00:29:36,170 Suze: Where you are down 50, 60, 80%, you're not diversified. 529 00:29:36,540 --> 00:29:39,780 Suze: And if you have a financial advisor that allowed you 530 00:29:39,780 --> 00:29:40,770 Suze: to do that, 531 00:29:42,240 --> 00:29:45,560 Suze: I would think twice about that Advisor. 532 00:29:46,040 --> 00:29:48,990 Suze: So that's just something I wanted to say to you. 533 00:29:48,990 --> 00:29:53,250 Suze: Also one more thing before I go is that unless 534 00:29:53,250 --> 00:29:56,560 Suze: thursday's podcast, I made a comment 535 00:29:56,940 --> 00:30:01,140 Suze: about a woman who had money in a 5 29 plan. 536 00:30:01,150 --> 00:30:03,900 Suze: KT obviously fell in love with this woman via the 537 00:30:03,900 --> 00:30:07,590 Suze: email and was like, Suze, you're so harsh, blah, blah blah. 538 00:30:07,590 --> 00:30:10,760 Suze: I feel bad for her because essentially what I was saying, 539 00:30:10,770 --> 00:30:13,250 Suze: you need to take your money out of a 5 540 00:30:13,250 --> 00:30:16,560 Suze: 29 plan within a year or two 541 00:30:17,540 --> 00:30:19,360 Suze: before your kid goes to school. 542 00:30:20,040 --> 00:30:23,210 Suze: I did not mean to infer that you take it 543 00:30:23,220 --> 00:30:28,560 Suze: out of the 529 plan into your own hands. 544 00:30:29,640 --> 00:30:33,960 Suze: I needed to be clearer where I said you absolutely 545 00:30:33,960 --> 00:30:37,950 Suze: take it out of the stock market within the 529 plan. 546 00:30:38,740 --> 00:30:43,410 Suze: And you put it somewhere that's safe within the 529 plan. 547 00:30:43,420 --> 00:30:46,110 Suze: And then you withdraw it in the year that your 548 00:30:46,110 --> 00:30:48,470 Suze: kid is going to school and it goes directly to 549 00:30:48,470 --> 00:30:52,450 Suze: qualified expenses from the 529 plan. 550 00:30:52,840 --> 00:30:53,350 Suze: So 551 00:30:53,840 --> 00:30:55,550 Suze: I hope that clears that up. 552 00:30:56,840 --> 00:30:59,170 Suze: I don't know did today's podcast help you? 553 00:30:59,640 --> 00:31:01,170 Suze: I just kind of rambled that off. 554 00:31:01,640 --> 00:31:03,950 Suze: It actually wasn't what I was planning to do 555 00:31:04,340 --> 00:31:04,960 Suze: but I did it. 556 00:31:05,440 --> 00:31:09,270 Suze: So I hope it helped on some level. The best 557 00:31:09,270 --> 00:31:12,460 Suze: thing I could tell all of you is don't panic. 558 00:31:13,640 --> 00:31:14,959 Suze: These things happen. 559 00:31:15,540 --> 00:31:17,160 Suze: If you have time on your side 560 00:31:17,640 --> 00:31:20,940 Suze: you're in good quality exchange traded funds or mutual funds. 561 00:31:21,110 --> 00:31:22,860 Suze: You are diversified. 562 00:31:24,440 --> 00:31:25,460 Suze: I'm telling you 563 00:31:25,940 --> 00:31:27,670 Suze: another year or so 564 00:31:28,040 --> 00:31:30,350 Suze: you may be thinking why didn't I buy that? 565 00:31:30,840 --> 00:31:34,450 Suze: Why didn't I buy Ford at $11 a share. Why 566 00:31:34,450 --> 00:31:39,410 Suze: didn't I buy en video? Why didn't I buy certain stocks? 567 00:31:39,570 --> 00:31:41,800 Suze: You might be thinking that in a few years from 568 00:31:41,800 --> 00:31:46,870 Suze: now after this market goes down maybe to 3500 on 569 00:31:46,870 --> 00:31:50,060 Suze: the S. And P. 3200 on the S. And P. 570 00:31:50,240 --> 00:31:51,820 Suze: And if you don't know what that means, 571 00:31:51,940 --> 00:31:55,720 Suze: Look up the standard and poor's 500 index. Look at 572 00:31:55,730 --> 00:31:56,560 Suze: the number 573 00:31:57,340 --> 00:32:02,360 Suze: because we have to start learning about support and resistance 574 00:32:02,360 --> 00:32:05,170 Suze: levels when it comes to certain numbers. 575 00:32:05,540 --> 00:32:09,110 Suze: Like what the standard and poor's 500 index is trading 576 00:32:09,110 --> 00:32:12,170 Suze: at Alright until Thursday. 577 00:32:12,660 --> 00:32:16,460 Suze: What what are you doing here? 578 00:32:16,470 --> 00:32:19,770 KT: Hi everybody. Wait, let me put on my earphones, 579 00:32:20,140 --> 00:32:24,400 KT: wait for me. Okay, I'm ready, Suze. Today's Father's Day. 580 00:32:25,930 --> 00:32:26,700 Suze: Yes, I know, I told everybody that. 581 00:32:26,700 --> 00:32:32,130 KT: We have to wish Coolo a very special father's day like 582 00:32:32,130 --> 00:32:35,180 KT: our son, but he also is a daddy. He has 583 00:32:35,180 --> 00:32:39,960 KT: three great kids, Christopher, Denisa and Darlie Junior. 584 00:32:40,140 --> 00:32:41,060 KT: We have to wish, 585 00:32:41,140 --> 00:32:42,170 KT: come on, Suze. 586 00:32:42,180 --> 00:32:45,490 Suze: But oh wait, but Robert just popped in as well, 587 00:32:45,490 --> 00:32:47,580 Suze: see him on the screen here. 588 00:32:47,590 --> 00:32:49,830 Robert: Hello, Suze and KT. 589 00:32:50,290 --> 00:32:51,610 Suze: What are you doing Robert? 590 00:32:53,360 --> 00:32:55,070 KT: We wish your dad Happy Father's Day as well. 591 00:32:55,080 --> 00:32:58,620 Robert: Katie texted me and said that at this very early 592 00:32:58,620 --> 00:33:00,940 Robert: hour we're going to wish Colo a Happy Father's Day. 593 00:33:00,940 --> 00:33:02,790 Robert: And since I sort of feel like he's like a 594 00:33:02,790 --> 00:33:04,230 Robert: brother to me, 595 00:33:05,540 --> 00:33:08,480 KT: that's so sweet robert, I love that 596 00:33:09,270 --> 00:33:11,850 Suze: So in case all of you don't know who Colo 597 00:33:11,850 --> 00:33:14,400 Suze: is or somebody doesn't know.  Colo is part of our family. 598 00:33:14,400 --> 00:33:16,510 KT: He lives here on the island with us and we 599 00:33:16,510 --> 00:33:21,730 KT: love him. But here's the great thing, Suze. It's Dather's 600 00:33:21,730 --> 00:33:25,540 KT: Day and and it's his day off, it's sunday, so 601 00:33:25,540 --> 00:33:27,670 KT: we have to secretly wish him 602 00:33:27,740 --> 00:33:29,100 KT: happy Papa's Day. 603 00:33:29,110 --> 00:33:35,110 Suze: So Robert, KT and me, what do we want to say? 604 00:33:35,120 --> 00:33:36,200 Suze: (Suze, KT and Robert say): Happy 605 00:33:36,200 --> 00:33:40,790 KT: Father's Day Colo , 606 00:33:40,800 --> 00:33:43,760 Suze: there you go. Alright everybody. 607 00:33:43,840 --> 00:33:46,820 KT: So we wish all the fathers out there. A great, 608 00:33:46,830 --> 00:33:51,660 KT: great Father's Day today, enjoy it. Have everyone wait on 609 00:33:51,660 --> 00:33:52,240 KT: you sir. 610 00:33:52,250 --> 00:33:58,800 Suze: Alright, sign off already. Alright sweetheart. So until Thursday, there's 611 00:33:58,800 --> 00:34:01,890 Suze: really only one thing that we really want for all 612 00:34:01,890 --> 00:34:02,460 Suze: of you 613 00:34:02,640 --> 00:34:04,540 Suze: Robert. Do you know what that is? 614 00:34:04,550 --> 00:34:06,240 Robert: We want you to be safe. 615 00:34:06,570 --> 00:34:10,350 KT: Strong and secure. 616 00:34:10,440 --> 00:34:12,450 Suze: See you soon. Bye bye 617 00:34:12,450 --> 00:34:13,169 KT: bye.