1 00:00:00,170 --> 00:00:03,849 KT: Hey everybody, KT here in the house. Today is Super 2 00:00:03,849 --> 00:00:08,510 KT: Bowl Sunday and before school starts with Suze, make sure 3 00:00:08,510 --> 00:00:11,810 KT: you listen to the whole podcast because at the end, 4 00:00:12,170 --> 00:00:16,709 KT: she's got a touchdown surprise for all of you. Enjoy 5 00:00:16,750 --> 00:00:18,370 KT: the podcast. Bye-bye. 6 00:00:26,260 --> 00:00:32,700 Suze: February 8, 2026. Welcome everybody to the Women and Money podcast, 7 00:00:32,709 --> 00:00:36,750 Suze: and Everybody Smart Enough to Listen. Suze O here and 8 00:00:36,750 --> 00:00:44,950 Suze: today is a Super Suze school. So get out your notebooks, pen, paper, pencil, 9 00:00:45,029 --> 00:00:48,270 Suze: whatever you do, cause maybe you want to write things down, 10 00:00:48,348 --> 00:00:50,869 Suze: maybe you don't, but it's always nice in case I 11 00:00:50,869 --> 00:00:51,790 Suze: say something, 12 00:00:52,369 --> 00:00:54,779 Suze: and you go, oh, I don't want to ever forget that. 13 00:00:55,099 --> 00:01:00,720 Suze: So then just write it down in your notebooks. All right, 14 00:01:01,299 --> 00:01:07,480 Suze: let's begin. Part of me wanted to call today's podcast, 15 00:01:08,180 --> 00:01:11,160 Suze: something that I've said to you over and over again. 16 00:01:11,930 --> 00:01:16,410 Suze: That the easiest thing in life is to forget. 17 00:01:17,230 --> 00:01:20,379 Suze: The hardest thing is to remember. 18 00:01:21,250 --> 00:01:25,330 Suze: And I wanted to go into great depth about what 19 00:01:25,330 --> 00:01:28,569 Suze: happened in 2022. 20 00:01:29,440 --> 00:01:32,699 Suze: We all were on the podcast then we went through 21 00:01:32,699 --> 00:01:38,800 Suze: a period in 2022 very, very similar to what we 22 00:01:38,800 --> 00:01:43,459 Suze: just recently went through with many of the technology stocks 23 00:01:43,599 --> 00:01:46,510 Suze: that imploded this past week or so. 24 00:01:47,129 --> 00:01:50,849 Suze: And I wanted to remind you, do you remember how 25 00:01:50,849 --> 00:01:55,769 Suze: many of those stocks were down 30%, 50%, 60%, and 26 00:01:55,769 --> 00:01:58,889 Suze: then they came roaring back a little bit later, and 27 00:01:58,889 --> 00:02:01,239 Suze: then they went to their all-time highs, and if you 28 00:02:01,239 --> 00:02:04,889 Suze: had just held on in 2022 like I begged you 29 00:02:04,889 --> 00:02:08,729 Suze: to do, you would have made so much money it's 30 00:02:08,729 --> 00:02:09,910 Suze: not even funny. 31 00:02:10,830 --> 00:02:13,679 Suze: But then what happened? 32 00:02:14,419 --> 00:02:21,179 Suze: Well, last week, actually, last Friday, in one simple day. 33 00:02:21,860 --> 00:02:27,460 Suze: The markets turned. Indexes moved higher. New highs were set, 34 00:02:27,690 --> 00:02:31,859 Suze: and suddenly the same assets that all of you were 35 00:02:31,860 --> 00:02:36,339 Suze: terrified of owning just a little bit ago, like a 36 00:02:36,339 --> 00:02:37,199 Suze: week or two. 37 00:02:38,038 --> 00:02:39,699 Suze: They were leading again. 38 00:02:40,508 --> 00:02:44,270 Suze: So, instead of just talking about what happened, I wanna 39 00:02:44,270 --> 00:02:52,809 Suze: talk about what 2022 hopefully taught you, and what Friday 40 00:02:53,429 --> 00:02:57,389 Suze: should have reminded you, and you should always remember the 41 00:02:57,389 --> 00:03:02,649 Suze: lessons that hopefully, these past three or four years, especially, 42 00:03:02,830 --> 00:03:07,709 Suze: have taught you, OK? So, let's just rewind for just 43 00:03:07,710 --> 00:03:08,320 Suze: a moment. 44 00:03:09,139 --> 00:03:17,089 Suze: In 2022, the biggest, the strongest technology companies in the 45 00:03:17,089 --> 00:03:18,609 Suze: world were crushed. 46 00:03:19,660 --> 00:03:24,360 Suze: Not speculative companies, they weren't startups, they were the best 47 00:03:24,500 --> 00:03:27,830 Suze: of the best, and we'll just look at the Magnificent 48 00:03:27,830 --> 00:03:34,220 Suze: Seven for a second there. What happened to them in 2022, OK? 49 00:03:35,059 --> 00:03:40,949 Suze: Apple fell more than 30%. Microsoft nearly 40%. Amazon literally 50 00:03:40,949 --> 00:03:46,830 Suze: was cut in half. Everybody. Google dropped over 40%. Nvidia 51 00:03:46,830 --> 00:03:53,750 Suze: collapsed more than 60%. Meta fell nearly 80%. Tesla dropped 52 00:03:53,750 --> 00:03:57,470 Suze: about 75%. Do all of you remember, and you can 53 00:03:57,470 --> 00:04:00,369 Suze: find it on one of the podcasts. Meta was at 54 00:04:00,369 --> 00:04:02,289 Suze: $90 a share. 55 00:04:03,020 --> 00:04:06,339 Suze: And when asked, KT said, Oh, I would buy Meta 56 00:04:06,339 --> 00:04:07,440 Suze: at 90. 57 00:04:08,759 --> 00:04:11,580 Suze: Look at the price now. I'll let you look it up. 58 00:04:12,160 --> 00:04:17,079 Suze: So people didn't just lose their money in 2022. What 59 00:04:17,079 --> 00:04:22,519 Suze: happened was they lost trust in the market and in themselves, 60 00:04:22,760 --> 00:04:25,799 Suze: and many of you, many of you wrote in to 61 00:04:25,799 --> 00:04:29,839 Suze: me and you said, Suze, Suze, I can't go through this. 62 00:04:29,959 --> 00:04:34,239 Suze: I just can't, and I urged you back in 2022, 63 00:04:34,480 --> 00:04:37,519 Suze: please don't do anything. It's gonna be OK, da da 64 00:04:37,519 --> 00:04:38,079 Suze: da da. 65 00:04:38,709 --> 00:04:43,200 Suze: And what's happening now, once again, you are writing me 66 00:04:43,200 --> 00:04:46,420 Suze: and saying, you gotta talk to me about these stocks. 67 00:04:46,559 --> 00:04:49,839 Suze: I'm down so dramatically, I can't stand it. I don't 68 00:04:49,839 --> 00:04:51,678 Suze: wanna go through any of this again. 69 00:04:52,970 --> 00:04:57,890 Suze: Those companies back then and the same companies, many of 70 00:04:57,890 --> 00:05:03,079 Suze: the technology companies today, those companies didn't lose their businesses. 71 00:05:03,170 --> 00:05:06,970 Suze: They didn't, and none of them are. They lost your 72 00:05:06,970 --> 00:05:11,609 Suze: patience that yes, they will come back. Yes, they're good companies, yes, 73 00:05:11,730 --> 00:05:14,339 Suze: there are reasons possibly that they're down. 74 00:05:15,470 --> 00:05:19,410 Suze: So it is your impatience for results, 75 00:05:20,488 --> 00:05:24,089 Suze: that keep you from having as much money as you 76 00:05:24,089 --> 00:05:28,329 Suze: are meant to have in the future. Patience is the 77 00:05:28,329 --> 00:05:33,670 Suze: key to building great wealth. You know, sometimes I think 78 00:05:33,809 --> 00:05:38,368 Suze: that the internet and AI and all these things now 79 00:05:38,369 --> 00:05:41,089 Suze: happen so rapidly, like I remember when I got the 80 00:05:41,089 --> 00:05:45,769 Suze: very first Apple computer, the 512K I think it was. 81 00:05:46,329 --> 00:05:49,190 Suze: You had to wait a few minutes before it started up. 82 00:05:49,488 --> 00:05:51,850 Suze: Then it had a little disk drive, and then you 83 00:05:51,850 --> 00:05:54,329 Suze: had to put the disk in. Then when you wanted 84 00:05:54,329 --> 00:05:56,029 Suze: to do something, you had to take it out and 85 00:05:56,029 --> 00:05:58,169 Suze: put it in again and take it out. It took 86 00:05:58,170 --> 00:06:00,880 Suze: forever to do something, but it seemed like it was 87 00:06:00,880 --> 00:06:05,029 Suze: a whole lot faster than doing it manually back then. Now, 88 00:06:05,890 --> 00:06:08,850 Suze: if your iPhone or your computers or whatever it is 89 00:06:08,850 --> 00:06:12,320 Suze: that you're using, if they don't start immediately, if there's 90 00:06:12,320 --> 00:06:13,299 Suze: any lag, 91 00:06:13,738 --> 00:06:18,320 Suze: You absolutely freak out. So we've become a society, 92 00:06:19,220 --> 00:06:23,869 Suze: of we don't have patience anymore for an answer or 93 00:06:23,869 --> 00:06:27,350 Suze: for something to be done and the lack of patience 94 00:06:27,350 --> 00:06:28,609 Suze: if you ask me. 95 00:06:29,500 --> 00:06:34,500 Suze: Your impatience is going to lead you to make serious 96 00:06:34,500 --> 00:06:41,049 Suze: financial mistakes. So if you fast forward from 2022, and listen, 97 00:06:41,238 --> 00:06:44,719 Suze: that wasn't that long ago. I am not talking about 98 00:06:45,178 --> 00:06:49,799 Suze: years and years ago, three years ago, four years ago, nothing, 99 00:06:50,220 --> 00:06:54,779 Suze: so if you just simply fast forward everybody, those companies 100 00:06:54,779 --> 00:06:56,820 Suze: didn't just recover. 101 00:06:57,570 --> 00:07:02,070 Suze: Many of them went on seriously to make new highs. 102 00:07:03,130 --> 00:07:08,269 Suze: Apple climbed back above prior levels. Microsoft surged to records. 103 00:07:08,488 --> 00:07:13,369 Suze: Amazon reclaimed ground people thought was gone forever. Google absolutely 104 00:07:13,369 --> 00:07:17,959 Suze: reasserted its dominance. Nvidia became the symbol really of the 105 00:07:17,959 --> 00:07:24,600 Suze: AI era, and Meta shocked nearly everyone with its comeback. So, 106 00:07:24,609 --> 00:07:30,230 Suze: I want you to ask yourself and answer this very honestly. 107 00:07:31,209 --> 00:07:35,010 Suze: If these companies were finished, they were over, as many 108 00:07:35,010 --> 00:07:41,029 Suze: of the pundits said. If they were really finished in 2022, 109 00:07:41,410 --> 00:07:45,329 Suze: why are they leading again now? Why? 110 00:07:46,910 --> 00:07:56,109 Suze: Because fear always sounds smartest at the bottom. Write that down. 111 00:07:56,589 --> 00:08:01,070 Suze: Do you know how many people in 2022 said, Suze, 112 00:08:01,140 --> 00:08:02,929 Suze: did you sell? And I said, no. 113 00:08:03,820 --> 00:08:05,790 Suze: And many of these people were on the island that 114 00:08:05,790 --> 00:08:09,070 Suze: we lived on, many very wealthy, and said, are you 115 00:08:09,070 --> 00:08:12,510 Suze: kidding me? We sold everything. They said, You're gonna lose 116 00:08:12,510 --> 00:08:16,709 Suze: your money. I said, No, that money is invested, and 117 00:08:16,709 --> 00:08:19,779 Suze: I don't need it for at least 10, 15 years. 118 00:08:20,059 --> 00:08:22,910 Suze: It's fine. I'm gonna let it be. And they said, 119 00:08:22,989 --> 00:08:26,950 Suze: All right, but it's not a smart move for you 120 00:08:26,950 --> 00:08:27,790 Suze: to stay in. 121 00:08:28,649 --> 00:08:32,969 Suze: That's because fear always sounds smartest at the bottom. 122 00:08:34,169 --> 00:08:36,689 Suze: A year or so later when I saw those same people, 123 00:08:36,729 --> 00:08:39,809 Suze: I said, oh, how are you doing now? They said, 124 00:08:39,849 --> 00:08:42,169 Suze: oh no, we're just waiting to get back in. It's 125 00:08:42,169 --> 00:08:43,968 Suze: all right, it'll come back down again. 126 00:08:44,880 --> 00:08:47,478 Suze: Because when you sell something, 127 00:08:48,169 --> 00:08:52,090 Suze: it is very difficult to buy it back, and when 128 00:08:52,090 --> 00:08:56,450 Suze: it starts to go up, and it's going up higher 129 00:08:56,450 --> 00:09:00,729 Suze: than what you sold at, it's very, very, like I said, 130 00:09:00,890 --> 00:09:05,570 Suze: difficult to buy then again when you already had owned it. 131 00:09:05,849 --> 00:09:09,289 Suze: So you wait and you wait until it comes back 132 00:09:09,289 --> 00:09:14,229 Suze: down again, and actually what happens, it never comes back 133 00:09:14,229 --> 00:09:15,329 Suze: down again. 134 00:09:15,950 --> 00:09:18,409 Suze: So what happened on Friday? 135 00:09:19,479 --> 00:09:22,919 Suze: Now, I could go in and I can talk to 136 00:09:22,919 --> 00:09:26,830 Suze: you very carefully about why I think it went down, 137 00:09:27,119 --> 00:09:29,858 Suze: what was going on, but I have to tell you, 138 00:09:30,359 --> 00:09:36,599 Suze: I don't even think that matters. Why doesn't necessarily matter 139 00:09:36,599 --> 00:09:42,719 Suze: at this point in time. What we saw happen on Friday, 140 00:09:43,650 --> 00:09:48,419 Suze: is in one day, people, one day, the Dow Jones 141 00:09:48,419 --> 00:09:53,849 Suze: Industrial Average closed out at the highest it has ever been. 142 00:09:54,820 --> 00:09:56,650 Suze: I want you to think about that. 143 00:09:57,450 --> 00:10:01,380 Suze: The Standard and Poor's 500 index, which many of you 144 00:10:01,640 --> 00:10:08,718 Suze: are invested in, is only 1% below its all-time high. 145 00:10:09,630 --> 00:10:13,869 Suze: And the NASDAQ, which holds most of the technology stocks 146 00:10:13,869 --> 00:10:17,989 Suze: and the things that really got clobbered, is only 2 147 00:10:17,989 --> 00:10:21,789 Suze: to 3% under its all-time high. 148 00:10:22,729 --> 00:10:26,329 Suze: So, many of you, if you look at the ETFs 149 00:10:26,330 --> 00:10:29,070 Suze: and the things that we said you should be diversified 150 00:10:29,070 --> 00:10:36,130 Suze: in besides individual stocks, overall, you're not doing that bad. 151 00:10:36,940 --> 00:10:41,780 Suze: So, here's what happens to most of you when you 152 00:10:41,780 --> 00:10:46,380 Suze: invest in the market, and especially in individual stocks. You 153 00:10:46,380 --> 00:10:51,929 Suze: have individual stocks, possibly, that have been skyrocketing, and skyrocketing, 154 00:10:51,940 --> 00:10:56,640 Suze: and going up and going up, and what you do 155 00:10:56,940 --> 00:11:00,260 Suze: is you take the price of what it's at, at 156 00:11:00,260 --> 00:11:01,819 Suze: the point that you're looking at it. 157 00:11:02,419 --> 00:11:06,020 Suze: How many shares you own and oh my God I'm 158 00:11:06,020 --> 00:11:09,859 Suze: worth this much money again I have told you time 159 00:11:09,859 --> 00:11:14,119 Suze: and time again until you have sold you have not 160 00:11:14,849 --> 00:11:17,900 Suze: made the money so let me just give you an 161 00:11:17,900 --> 00:11:19,780 Suze: example here OK. 162 00:11:20,919 --> 00:11:24,799 Suze: I bought a stock starting at $7 a share. 163 00:11:25,440 --> 00:11:27,840 Suze: And I bought a lot of it, and as it 164 00:11:27,840 --> 00:11:32,059 Suze: went up, I started to dollar cost average into the stock. 165 00:11:32,750 --> 00:11:35,750 Suze: And because I bought so many shares when in fact 166 00:11:35,750 --> 00:11:36,989 Suze: it was lower. 167 00:11:37,940 --> 00:11:43,219 Suze: My cost basis on the stock today is $35 a share. 168 00:11:43,960 --> 00:11:48,880 Suze: This stock went all the way up to $200 a 169 00:11:48,880 --> 00:11:52,760 Suze: share right around there. Now, let's just assume we're talking 170 00:11:52,760 --> 00:11:56,619 Suze: about 1,000 shares. Just let's assume that's true. 171 00:11:57,479 --> 00:12:00,559 Suze: So here, the normal person looks at it and goes, 172 00:12:00,619 --> 00:12:02,260 Suze: I have 1,000 shares. 173 00:12:03,070 --> 00:12:09,150 Suze: Oh, it's worth $200. I have $200,000 in this stock. 174 00:12:09,989 --> 00:12:12,859 Suze: And then all of a sudden this stock starts to 175 00:12:12,859 --> 00:12:16,750 Suze: go down and down and down. 176 00:12:17,570 --> 00:12:23,960 Suze: And now the stock is at $135 a share. So, 177 00:12:23,969 --> 00:12:32,150 Suze: in your head, you have lost $65,000. The difference between 178 00:12:32,530 --> 00:12:37,890 Suze: $200,000 what it was at, and $135,000 what it's at 179 00:12:37,890 --> 00:12:43,599 Suze: right now. So you've lost $65,000. No, you have not 180 00:12:43,609 --> 00:12:46,609 Suze: lost $65,000. 181 00:12:47,580 --> 00:12:56,900 Suze: Remember, your cost basis is $35 a share or $35,000. 182 00:12:57,789 --> 00:13:02,669 Suze: It's at $135,000 of actual value right now if you 183 00:13:02,669 --> 00:13:08,750 Suze: wanted to sell. You are still up $100,000. You are 184 00:13:08,750 --> 00:13:11,309 Suze: not down $65,000. 185 00:13:12,280 --> 00:13:15,319 Suze: You're down 65,000 in profit. 186 00:13:16,330 --> 00:13:21,218 Suze: But you're still up $100,000 in profit. So you have 187 00:13:21,219 --> 00:13:23,939 Suze: to look at that and decide, do you wanna sell it? 188 00:13:24,010 --> 00:13:26,079 Suze: Do you wanna keep it? What do you wanna do? 189 00:13:26,260 --> 00:13:27,679 Suze: But stop thinking 190 00:13:28,750 --> 00:13:32,709 Suze: that you're down so much money, cause all you do 191 00:13:32,710 --> 00:13:35,909 Suze: is look at what it's worth at the time that 192 00:13:35,909 --> 00:13:39,070 Suze: it's trading, you don't look at how much you have 193 00:13:39,070 --> 00:13:42,909 Suze: still made or you're still up. So, all of you 194 00:13:42,909 --> 00:13:47,510 Suze: should keep a little ledger of your cost basis in 195 00:13:47,510 --> 00:13:52,010 Suze: every stock and mutual fund or ETF so it gives 196 00:13:52,010 --> 00:13:53,450 Suze: you the perspective. 197 00:13:53,880 --> 00:13:57,650 Suze: Are you still up or have you actually lost money 198 00:13:57,650 --> 00:14:02,330 Suze: where it is below your cost basis? So I just 199 00:14:02,330 --> 00:14:06,530 Suze: want you to remember that now, thousands of you have 200 00:14:06,530 --> 00:14:10,530 Suze: written in to the Ask Suze podcast at gmail.com. That 201 00:14:10,530 --> 00:14:12,950 Suze: is the email to really write in. 202 00:14:14,059 --> 00:14:16,530 Suze: You say I'm so nervous. I don't know what to do. 203 00:14:16,900 --> 00:14:19,739 Suze: Please help, Suze. We're losing money. I want you to 204 00:14:19,739 --> 00:14:22,820 Suze: think about the example that I just gave you. 205 00:14:23,770 --> 00:14:26,380 Suze: If you've been listening to me, if you've been listening 206 00:14:26,380 --> 00:14:29,539 Suze: to Keith Fitz-Gerald, who, by the way, I have asked 207 00:14:29,539 --> 00:14:33,219 Suze: to come on next Sunday together, he said yes, so 208 00:14:33,219 --> 00:14:36,390 Suze: we will be doing a Suze school together. 209 00:14:38,840 --> 00:14:42,359 Suze: However, many of you are still so nervous. 210 00:14:43,299 --> 00:14:46,979 Suze: So, let's just go back, right, to the present of 211 00:14:46,979 --> 00:14:53,109 Suze: what just happened, because really Friday changed the emotional tone 212 00:14:53,109 --> 00:14:57,940 Suze: of everything. Markets moved higher, as I recently just said. 213 00:14:58,549 --> 00:15:04,770 Suze: Confidence returned. New highs were made, not because the world 214 00:15:04,770 --> 00:15:10,789 Suze: suddenly became perfect, everybody, but because markets moved ahead of 215 00:15:10,789 --> 00:15:15,760 Suze: the headlines, not behind them. What does that mean? It's 216 00:15:15,760 --> 00:15:19,679 Suze: the markets actually showed everybody was saying we're going to crash. 217 00:15:19,760 --> 00:15:24,419 Suze: It's over, whatever. The markets moved ahead of those headlines, 218 00:15:24,679 --> 00:15:27,599 Suze: and you started to feel better. 219 00:15:28,530 --> 00:15:34,369 Suze: But here's what that moment always triggers. It triggers relief. 220 00:15:34,530 --> 00:15:38,289 Suze: Don't you all feel relief at this moment in time. 221 00:15:39,200 --> 00:15:44,280 Suze: But very shortly it's going to be followed by uncertainty. 222 00:15:45,090 --> 00:15:48,849 Suze: Many of you felt better, but you also, as the 223 00:15:48,849 --> 00:15:54,070 Suze: markets go up and down again, you will again feel nervous, 224 00:15:54,330 --> 00:15:58,900 Suze: and that's where I want you to slow down this conversation. 225 00:15:59,659 --> 00:16:04,039 Suze: Because when markets move fast they go up, they go down, 226 00:16:04,539 --> 00:16:08,140 Suze: you're gonna make the same mistakes. You are going to 227 00:16:08,140 --> 00:16:11,289 Suze: start to once again think in all these extremes. You're 228 00:16:11,289 --> 00:16:14,619 Suze: either all in or all out. You risk everything or 229 00:16:14,619 --> 00:16:19,969 Suze: you hide everything, and none of that is a plan. Again, 230 00:16:20,099 --> 00:16:24,880 Suze: what are the rules of investing? The rules of investing 231 00:16:25,260 --> 00:16:28,179 Suze: are you do not invest in the stock market on 232 00:16:28,179 --> 00:16:29,020 Suze: any level. 233 00:16:29,630 --> 00:16:34,950 Suze: Unless this is money that you do not need for five, 10, 234 00:16:34,989 --> 00:16:38,909 Suze: or 15 years or longer. Now, there is an exception 235 00:16:38,909 --> 00:16:43,590 Suze: to that, if you are in dividend paying stocks that 236 00:16:43,590 --> 00:16:48,429 Suze: are solid, that have good cash flow, all of that. 237 00:16:49,229 --> 00:16:54,789 Suze: Then maybe you're better off than anywhere else, especially if 238 00:16:54,789 --> 00:16:58,030 Suze: interest rates start to come down, which I think they 239 00:16:58,030 --> 00:17:02,669 Suze: are absolutely going to do, especially because there's gonna be 240 00:17:02,669 --> 00:17:06,430 Suze: a new Fed chief, OK? And I would not be 241 00:17:06,430 --> 00:17:08,829 Suze: surprised if during this year, next year, you see at 242 00:17:08,829 --> 00:17:09,409 Suze: least 243 00:17:10,729 --> 00:17:15,329 Suze: three Fed decreases, and when that happens, interest rates for 244 00:17:15,329 --> 00:17:20,050 Suze: all of you start to come down even more. So 245 00:17:20,050 --> 00:17:25,149 Suze: dividend paying stocks that are also good quality stocks, 246 00:17:26,629 --> 00:17:30,078 Suze: might give you a higher return in the long run, 247 00:17:30,428 --> 00:17:33,848 Suze: but for the technology stocks, and all of those stocks, 248 00:17:34,148 --> 00:17:38,269 Suze: those are stocks that if you're investing in them, you 249 00:17:38,269 --> 00:17:40,388 Suze: do not need your money for at least five or 250 00:17:40,388 --> 00:17:42,787 Suze: 10 years or longer. 251 00:17:43,550 --> 00:17:47,229 Suze: As I just said a second ago about my belief 252 00:17:47,229 --> 00:17:49,349 Suze: that interest rates are going to come down. 253 00:17:50,160 --> 00:17:54,959 Suze: So, many of us have benefited from the fact that 254 00:17:54,959 --> 00:17:59,699 Suze: interest rates have been so high for so long, right? 255 00:18:00,239 --> 00:18:03,919 Suze: But what's going to happen when rates do start to 256 00:18:03,920 --> 00:18:05,079 Suze: come down? 257 00:18:06,079 --> 00:18:09,459 Suze: They will come down quietly, they will come down gradually, 258 00:18:09,920 --> 00:18:14,239 Suze: and that's why where you park your safe money right 259 00:18:14,239 --> 00:18:18,839 Suze: now matters, not your long term growth money, not your 260 00:18:18,839 --> 00:18:23,180 Suze: investing money, but your sleep at night money. 261 00:18:24,069 --> 00:18:26,988 Suze: Put a pin in that for a second because I 262 00:18:26,989 --> 00:18:30,150 Suze: want to tell you about a super announcement that I 263 00:18:30,150 --> 00:18:31,369 Suze: want to make right now. 264 00:18:32,910 --> 00:18:35,589 Suze: Many of you, and when I say many, I mean 265 00:18:35,589 --> 00:18:38,869 Suze: many of you are writing to me, and you're saying, Suzie, 266 00:18:39,469 --> 00:18:44,619 Suze: we have $100,000 we have $200,000 we have large amounts 267 00:18:44,619 --> 00:18:45,409 Suze: of money. 268 00:18:46,119 --> 00:18:50,239 Suze: That we don't know what to do with what should 269 00:18:50,239 --> 00:18:52,939 Suze: we do with it, Suze? Tell us. 270 00:18:53,689 --> 00:18:57,560 Suze: And when you don't know what to do with money, 271 00:18:58,020 --> 00:19:01,699 Suze: the best thing to do with it is actually keep 272 00:19:01,699 --> 00:19:05,300 Suze: it safe and sound until you know what to do 273 00:19:05,300 --> 00:19:05,739 Suze: with it. 274 00:19:06,640 --> 00:19:10,050 Suze: The problem is, I don't necessarily want you to put 275 00:19:10,050 --> 00:19:12,849 Suze: it into treasuries cause who knows if interest rates really 276 00:19:12,849 --> 00:19:15,969 Suze: are or not going to come down, because if you 277 00:19:15,969 --> 00:19:18,369 Suze: put it in there and you need it, I don't 278 00:19:18,369 --> 00:19:20,689 Suze: ever want you to have to take a loss on it. 279 00:19:21,520 --> 00:19:23,810 Suze: I want your money that you don't know what to 280 00:19:23,810 --> 00:19:26,130 Suze: do with right now, or you just want to keep 281 00:19:26,130 --> 00:19:29,930 Suze: it safe and sound. Why? Because these markets still make 282 00:19:29,930 --> 00:19:32,839 Suze: you nervous, or you've already invested enough in the market, 283 00:19:33,099 --> 00:19:36,849 Suze: and now you just want large sums of money, because 284 00:19:36,849 --> 00:19:40,069 Suze: many of you have large sums of money. 285 00:19:40,859 --> 00:19:44,300 Suze: That you just want safe at a good interest rate, 286 00:19:44,400 --> 00:19:47,890 Suze: an interest rate that will probably stay stable as can be, 287 00:19:47,900 --> 00:19:48,699 Suze: if it can. 288 00:19:49,589 --> 00:19:54,219 Suze: You can get at it anytime, you want it 100% insured, 289 00:19:54,430 --> 00:19:56,829 Suze: cause I don't know if many of you know that 290 00:19:56,829 --> 00:19:58,910 Suze: a lot of you have money in money market accounts 291 00:19:58,910 --> 00:20:01,089 Suze: and things like that, and they are not insured. 292 00:20:01,910 --> 00:20:05,948 Suze: You want to know at times like this, that your 293 00:20:05,949 --> 00:20:12,229 Suze: money is 100% either FDIC insured or NCUA insured by 294 00:20:12,229 --> 00:20:16,050 Suze: credit unions. You wanna know that it is insured. 295 00:20:16,859 --> 00:20:19,060 Suze: And so to that end. 296 00:20:20,449 --> 00:20:23,819 Suze: I started to talk to Alliant Credit Union. 297 00:20:24,589 --> 00:20:30,218 Suze: About what can be created just for these people with 298 00:20:30,219 --> 00:20:34,579 Suze: large amounts of money that they want safe, they want 299 00:20:34,579 --> 00:20:38,459 Suze: sound they want it insured and they want a good 300 00:20:38,459 --> 00:20:42,020 Suze: interest rate, not necessarily the top interest rate, because all 301 00:20:42,020 --> 00:20:45,199 Suze: of you have to remember when you have the absolute top. 302 00:20:45,930 --> 00:20:49,630 Suze: There's risk involved. There's all kinds of things that back 303 00:20:49,630 --> 00:20:55,130 Suze: those investments. You want your money somewhere where the portfolio 304 00:20:55,130 --> 00:21:00,089 Suze: backing your investment has really been thought about, is safe, 305 00:21:00,209 --> 00:21:03,530 Suze: is really not going for the highest rate, which I've 306 00:21:03,530 --> 00:21:06,089 Suze: told you I never go for the highest rate, I 307 00:21:06,089 --> 00:21:07,810 Suze: go for the safest rate. 308 00:21:08,670 --> 00:21:13,089 Suze: So this took a while to create, believe it or not, 309 00:21:13,589 --> 00:21:18,829 Suze: but Alliant Credit Union has put something together that I 310 00:21:18,829 --> 00:21:24,430 Suze: think will satisfy the majority of your needs, and they 311 00:21:24,430 --> 00:21:29,510 Suze: created what's called a jumbo savings account. This is not 312 00:21:29,510 --> 00:21:33,130 Suze: a certificate. This is not somewhere where you lock up money. 313 00:21:33,349 --> 00:21:36,790 Suze: It is a jumbo savings account. 314 00:21:37,339 --> 00:21:40,069 Suze: So what that means to all of you is that 315 00:21:40,069 --> 00:21:42,989 Suze: there are no lockups, no tying it up to get 316 00:21:42,989 --> 00:21:47,229 Suze: your money, your cash stays liquid and available, and it 317 00:21:47,229 --> 00:21:54,849 Suze: is NCUA insured up to $250,000. Now listen to me closely. 318 00:21:55,530 --> 00:22:01,069 Suze: The current rate is 3.35% APY. 319 00:22:02,390 --> 00:22:07,920 Suze: However, this is only available to those of you who 320 00:22:07,920 --> 00:22:12,859 Suze: deposit at least $100,000 or more and 321 00:22:13,670 --> 00:22:18,109 Suze: if you maintain an average daily balance of $100,000 for 322 00:22:18,109 --> 00:22:22,119 Suze: one year, at the end of the year you will 323 00:22:22,119 --> 00:22:28,238 Suze: get a $250 bonus. But here is the clincher. You 324 00:22:28,239 --> 00:22:35,699 Suze: have to open this account by March 31st of 2026. 325 00:22:36,949 --> 00:22:39,560 Suze: So this, believe it or not, is a rich offer, 326 00:22:39,670 --> 00:22:42,910 Suze: and they only want to offer that bonus 'till 327 00:22:43,550 --> 00:22:48,429 Suze: March 31st, 2026. So I know many of you right 328 00:22:48,430 --> 00:22:53,270 Suze: now have certificates that are coming due at Alliant or 329 00:22:53,270 --> 00:22:56,629 Suze: other places. I know there are many of you out 330 00:22:56,630 --> 00:23:00,189 Suze: there right now that have large sums of money sitting 331 00:23:00,189 --> 00:23:04,699 Suze: in bank accounts making what, 0.09% or something like that. 332 00:23:04,949 --> 00:23:10,010 Suze: There are many of you out there that this situation fits. 333 00:23:11,030 --> 00:23:16,560 Suze: Now, truthfully, I can tell you that just put in 100,000. 334 00:23:16,949 --> 00:23:18,589 Suze: That's fine, you don't have to put in more if 335 00:23:18,589 --> 00:23:24,099 Suze: you don't want, but it is insured up to 250,000 336 00:23:24,109 --> 00:23:25,349 Suze: from NCUA. 337 00:23:26,329 --> 00:23:29,069 Suze: All of a sudden, you wanna take the money out. 338 00:23:29,569 --> 00:23:32,449 Suze: You wanna say, oh, it's good, everything's OK, but now 339 00:23:32,449 --> 00:23:34,650 Suze: I wanna go back in the market, or, you know what, 340 00:23:34,729 --> 00:23:36,530 Suze: I wanna use this money for a down payment on 341 00:23:36,530 --> 00:23:40,680 Suze: a house, or whatever it is, this is a savings account, 342 00:23:40,930 --> 00:23:45,770 Suze: this is not a certificate. For those of you with 343 00:23:45,770 --> 00:23:46,910 Suze: lesser money, 344 00:23:47,579 --> 00:23:53,410 Suze: you still have the ultimate opportunity savings account that's paying 3%, 3.10% 345 00:23:53,410 --> 00:23:56,719 Suze: right in there. That's still a great rate for lower 346 00:23:57,060 --> 00:24:01,979 Suze: amounts of money. You also could do a six month 347 00:24:01,979 --> 00:24:05,859 Suze: certificate at Alliant. I think the rate is 3.9%, so 348 00:24:05,859 --> 00:24:10,729 Suze: you could do a combination of all of those things. Again, 349 00:24:10,819 --> 00:24:12,859 Suze: I do not make a penny if you do any 350 00:24:12,859 --> 00:24:15,500 Suze: of this. We're just trying 351 00:24:16,310 --> 00:24:20,439 Suze: to find a way for you to have money somewhere 352 00:24:20,439 --> 00:24:24,800 Suze: where I personally know it's safe and that I really 353 00:24:24,800 --> 00:24:29,280 Suze: believe that interest rate will hold a lot longer even 354 00:24:30,319 --> 00:24:36,800 Suze: when interest rates overall with the Fed start to go down. Now, 355 00:24:36,800 --> 00:24:40,560 Suze: one other thing that I want to announce. Many of 356 00:24:40,560 --> 00:24:42,189 Suze: you have said to me, Suze... 357 00:24:43,530 --> 00:24:46,250 Suze: I want to put my money in Alliant Credit Union, 358 00:24:46,449 --> 00:24:49,530 Suze: but I can't do it in a trust. Well, now 359 00:24:49,530 --> 00:24:54,489 Suze: you can, believe it or not. So, when you go 360 00:24:54,489 --> 00:25:02,030 Suze: to myalliant.com, M Y A L L I A N T.com. 361 00:25:03,410 --> 00:25:05,369 Suze: You will go and you will click on this. You 362 00:25:05,369 --> 00:25:09,569 Suze: will see a little telephone number that you can call 363 00:25:09,569 --> 00:25:13,510 Suze: in and now Alliant Credit Union has made it possible 364 00:25:13,890 --> 00:25:18,969 Suze: that you can hold your accounts in a living revocable trust. 365 00:25:19,250 --> 00:25:22,369 Suze: For those of you who for some reason you don't 366 00:25:22,369 --> 00:25:26,229 Suze: ever remember that you have to go to my alliant.com 367 00:25:26,729 --> 00:25:27,448 Suze: because this 368 00:25:27,660 --> 00:25:32,180 Suze: $250 bonus is available only to those of you listening 369 00:25:32,439 --> 00:25:36,199 Suze: right now to Suze customers and how do they know 370 00:25:36,199 --> 00:25:40,079 Suze: that you're a Suze customer? Because you come into them 371 00:25:40,079 --> 00:25:45,379 Suze: through myalliant.com. You don't go to the website that everybody 372 00:25:45,380 --> 00:25:46,640 Suze: else goes to. 373 00:25:47,310 --> 00:25:51,349 Suze: If you forget that, just go to Suze Orman.com, S 374 00:25:51,349 --> 00:25:54,589 Suze: U Z E O R M A N.com, and you'll 375 00:25:54,589 --> 00:25:57,469 Suze: see it right there, jumbo savings. Click there and it 376 00:25:57,469 --> 00:25:59,949 Suze: will take you right into where you need to go. 377 00:26:00,780 --> 00:26:05,089 Suze: So, I just wanted to tell you about that, because 378 00:26:05,099 --> 00:26:08,040 Suze: I do think it is a great rate, because it 379 00:26:08,040 --> 00:26:12,619 Suze: is a savings account, because it is insured, and I 380 00:26:12,619 --> 00:26:17,660 Suze: personally know what is backing that rate, and I feel 381 00:26:17,660 --> 00:26:22,060 Suze: safe with it. So, there you go. 382 00:26:22,819 --> 00:26:25,250 Suze: KT said to me, she goes, I want to do that. 383 00:26:25,500 --> 00:26:26,399 Suze: I'm gonna do that. 384 00:26:27,239 --> 00:26:30,160 Suze: You know how conservative KT is, so when she decides 385 00:26:30,160 --> 00:26:32,469 Suze: to do something, it's like, OK, now. 386 00:26:33,219 --> 00:26:36,989 Suze: Again, not the highest rate by any means, everybody. 387 00:26:37,689 --> 00:26:41,599 Suze: But I never go for the highest rate. I go 388 00:26:41,859 --> 00:26:49,169 Suze: for the safest rate. Just that simple. So Super Bowl, 389 00:26:49,660 --> 00:26:56,000 Suze: the Olympics, a super jumbo offer from Alliant Credit Union, 390 00:26:56,300 --> 00:27:00,900 Suze: and a super return of the market last Friday. 391 00:27:01,609 --> 00:27:04,930 Suze: I just want to close by saying if you know 392 00:27:04,930 --> 00:27:08,699 Suze: you have good quality stocks, you always continue to dollar 393 00:27:08,699 --> 00:27:09,550 Suze: cost average. 394 00:27:10,959 --> 00:27:13,719 Suze: Or you know you have enough in a stock and 395 00:27:13,719 --> 00:27:15,839 Suze: you just love the stock but you don't want to 396 00:27:15,839 --> 00:27:18,660 Suze: put any more money into it like me, by the way, 397 00:27:18,920 --> 00:27:21,319 Suze: I did not put more money into the stocks when 398 00:27:21,319 --> 00:27:25,640 Suze: they went down. Keith did. I did not, because I 399 00:27:25,640 --> 00:27:29,339 Suze: have a serious sum of money in all of them already. 400 00:27:29,750 --> 00:27:33,560 Suze: But I have total faith that they will absolutely not 401 00:27:33,560 --> 00:27:37,719 Suze: only come back, but they will skyrocket just like many 402 00:27:37,719 --> 00:27:42,040 Suze: of them did in 2022. So until Thursday, 403 00:27:42,599 --> 00:27:45,708 Suze: when Miss Travis joins us again with the Ask KT 404 00:27:45,709 --> 00:27:48,719 Suze: and Suze anything, there's only one thing that I want 405 00:27:48,719 --> 00:27:50,679 Suze: you to remember when it comes to your money, and 406 00:27:50,680 --> 00:27:55,640 Suze: it is this people first, then money, then things. Now 407 00:27:55,640 --> 00:27:59,319 Suze: you stay safe and go to my alliant A L 408 00:28:00,160 --> 00:28:04,639 Suze: L I A N T.com just to check out the 409 00:28:04,640 --> 00:28:09,300 Suze: jumbo savings offer. All right, everybody, bye bye now.