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Suze: February 23, 2025. Welcome everybody to the Women and Money podcast,

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Suze: as well as everybody smart enough to listen.

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Suze: I would highly suggest, since today is Suze School for

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Suze: you to take out your Suze notebooks. If you don't

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Suze: have one, I most certainly would take out paper and

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Suze: pen and write down the things that I'm going to

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Suze: talk to you about today.

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Suze: Let's first go to a Suze story.

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Suze: I want you to put yourself in this situation.

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Suze: You have worked for a company for the past 10, 15, 20,

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Suze: 25 years, maybe even longer.

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Suze: And you feel secure.

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Suze: You're solid in that company. You've given them everything that

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Suze: you have, and they've been good to you. They've provided

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Suze: you with a paycheck, a retirement account, all kinds of

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Suze: things that have allowed you to do what? Maybe buy

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Suze: a home, maybe buy a car.

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Suze: Be able to put money away in a 529 plan

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Suze: for your children to send them to college or whatever

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Suze: it may be.

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Suze: And of course if you bought a home most likely

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Suze: you still have a mortgage on that home or you

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Suze: financed that car because very few people today honestly can

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Suze: buy anything outright.

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Suze: Even though you've been really trying hard to take my

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Suze: advice and get yourself an 8 to 12 month emergency fund,

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Suze: put money away, make sure if anything goes wrong you

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Suze: have at least 8 to 12 months to get you by.

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Suze: Because if you do lose your job, it could easily

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Suze: take you 8 months to a year to get another one,

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Suze: but even though you've been trying to do so.

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Suze: You just have maybe managed to save a month or

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Suze: two of must pay expenses.

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Suze: You have some credit card debt, but really not a

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Suze: whole lot.

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Suze: And here you are happy because you are just getting by. Yes, yes,

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Suze: it's true that the cost of food and everything, your

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Suze: insurance policies, all of that have gone up, so it's

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Suze: costing you more and more, making it even harder for

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Suze: you to put money in an emergency savings account, but

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Suze: you're still getting by. You're not behind on anything.

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Suze: Maybe you have a spouse, but it's true that your

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Suze: spouse is now working.

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Suze: And it takes both of your salaries to just get by.

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Suze: All right, everything's going along, and all of a sudden

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Suze: you get an email that says you're fired.

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Suze: You're like, what?

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Suze: Not me, not one of the tens of thousands of

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Suze: people who've just been fired. Really fired.

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Suze: How am I gonna pay my mortgage payment? How am

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Suze: I gonna pay my car payment? How am I gonna

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Suze: feed my family? What are we gonna do? Oh my god, Suze,

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Suze: cause you've been writing me, help me, help me, help me.

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Suze: And I'm like, oh, here we go again.

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Suze: And I say that because a few years ago I

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Suze: remember doing a podcast when the federal government had shut

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Suze: down and how were these people going to get by

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Suze: without a paycheck, but then it was a little bit

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Suze: different because they were still working for the government. We

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Suze: knew they would be going back sooner than later, so

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Suze: it wasn't quite the catastrophe as it is now when

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Suze: you are not going to go back and have that

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Suze: job anymore and in many of the places.

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Suze: It's the only jobs that are available as to where

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Suze: you live that pay any decent wage whatsoever.

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Suze: But all of you need to know again that it's

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Suze: not just the federal government that is cutting all of

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Suze: these things, really the tariffs, everything that is going on,

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Suze: you can see many major corporations are starting to have

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Suze: layoffs as well.

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Suze: If you think that the price of eggs and everything

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Suze: might not affect the fact that your bakery or the

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Suze: restaurant you work for or whatever may have to close

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Suze: down cause they just can't afford the price of goods anymore.

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Suze: Well, you might be facing a reality there.

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Suze: So all of these possibilities absolutely affect you. It's not

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Suze: just if you lose your job or whatever. What happens

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Suze: if you're in an accident or you get sick and

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Suze: you can't work.

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Suze: So this podcast is for every single one of you listening,

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Suze: and all I can do is beg you to take

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Suze: it seriously that anything can happen to you at any time.

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Suze: So you have got to take the steps today to

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Suze: protect your tomorrows in case it happens. All right, everybody,

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Suze: Suze School is now in session.

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Suze: Let's just imagine that this has happened to you.

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Suze: All right, what you really need to do is the

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Suze: very first thing is you have to cut all your

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Suze: expenses down to nil.

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Suze: I know you've enjoyed going out to eat. You've enjoyed

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Suze: going on cruises. You've enjoyed taking a vacation here and there.

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Suze: You enjoy going shopping, buying clothes, buying all this, going

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Suze: to the movies, going everywhere. Those are not must pay expenses.

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Suze: Those at this point in time when you're in this situation,

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Suze: they all have to go. They're gone.

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Suze: And I know you're gonna say, but Suze, I really

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Suze: need to go to the gym. I need this massage

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Suze: once a week. I need these things. No, you don't.

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Suze: You want those things, and I understand how they play

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Suze: in your mental health and everything. What's going to really

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Suze: affect your mental health is when you can't afford to

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Suze: pay your rent or your mortgage or anything like that.

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Suze: Now I just want you to think about that for

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Suze: a second. When all of you stop going out, eating out,

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Suze: going on cruises, checking in here, doing that whatever it

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Suze: may be.

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Suze: That starts to affect the economy.

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Suze: Which is why you've seen the markets go down because

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Suze: people are afraid everybody. They don't understand tariffs. They don't

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Suze: understand the ramifications of everything that is happening right now.

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Suze: It's all happening so fast that it has scared them.

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Suze: And when people are afraid, guess what? Fear is the

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Suze: main internal obstacle to wealth, and that's when they start

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Suze: selling and everything, but we'll get to that later on,

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Suze: dealing with the market, Palantir, Walmart, and everything else that

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Suze: has happened back to this reality for right now.

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Suze: After you have cut all your expenses that are not

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Suze: must pay expenses, I need you to take an inventory

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Suze: of all your money.

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Suze: How much do you have in an investment account? How

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Suze: much do you have in a cash account? How much

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Suze: do you have seriously in retirement accounts? And you're to

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Suze: divide them between Roth retirement accounts and traditional retirement accounts.

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Suze: How much do you have in a 529 plan? How

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Suze: much do you have in an HSA savings account?

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Suze: I need you to take an inventory of everything that

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Suze: you have.

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Suze: Where is your money?

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Suze: Now I need you to take an inventory of your

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Suze: must pay expenses and the income that you will be

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Suze: having coming in, possibly from your spouse, possibly from rentals

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Suze: that you have, whatever it may be. What is your shortfall?

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Suze: How much income do you have coming in versus how

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Suze: much are your expenses that you must pay?

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Suze: And therefore, the difference between those two things is the

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Suze: amount of money that we need to find for you.

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Suze: The next decision comes from where can you take it

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Suze: from and in what order.

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Suze: So you have to look at everything you have and

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Suze: you have to remember when I'm about to tell you.

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Suze: Any money that you have in an IRA,

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Suze: Roth or traditional, any money that you have in an

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Suze: employer sponsored plan, a TSP for the federal government, a 401k,

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Suze: a 403B, Roth or traditional,

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Suze: is protected against bankruptcy.

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Suze: So one of the biggest mistakes that you can make.

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Suze: Especially if you don't have a lot of backup places

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Suze: to get money.

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Suze: Is to use the money in a retirement account to

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Suze: just get by and if you don't have a lot

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Suze: of money in that retirement account, possibly use it all up.

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Suze: Still then not be able to pay your expenses and

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Suze: then end up having to claim bankruptcy and now you

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Suze: have nothing.

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Suze: So you need to look at the amount of money

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Suze: that you have in your retirement accounts versus the amount

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Suze: of money that you need every single month to just

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Suze: get by.

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Suze: And how long will that money in the retirement account

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Suze: last you?

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Suze: If it's going to last you under 8 months, you

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Suze: are not to take the money from there, do you

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Suze: hear me? If it's going to last you 2 years,

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Suze: 5 years, whatever, you have a lot of money in there, OK,

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Suze: that may be a source of where you get the

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Suze: money from, but you have to think about it carefully,

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Suze: all right.

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Suze: If you have money in a retirement account.

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Suze: And that retirement account happens to be a traditional one

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Suze: all pre-tax, because you did not listen to Miss Orman.

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Suze: You did not go the Roth retirement account route. You

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Suze: wanted your tax write off at the time.

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Suze: All right, this is what you need to know.

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Suze: If you are 59 and a half years of age or older

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Suze: Any money you take out of a traditional retirement account pre-tax,

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Suze: you will owe ordinary income tax on that money. You

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Suze: will not owe, however, a 10% penalty.

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Suze: In most cases, if you're under 59 and a half

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Suze: and you withdraw money from a retirement account that's pre-taxed.

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Suze: Of course, you will owe ordinary income tax, but you

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Suze: may also owe a 10% penalty.

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Suze: Unless your retirement account

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Suze: is an employer retirement account. It is a TSP, a

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Suze: 401k or a 403B. Listen closely.

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Suze: And you are under the age of 59 and a half,

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Suze: but you are 55 years of age or older in

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Suze: the year that you lost your job or you left service.

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Suze: Now what that means is, as you're listening to me,

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Suze: you may be 54 right now.

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Suze: But you will turn 55 before or on December 31st

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Suze: of this year. If that is true,

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Suze: any money that you withdraw from your employer sponsored account.

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Suze: You will have to pay ordinary income tax on it,

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Suze: but you will not have to pay the 10% penalty.

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Suze: It only applies the 55 or older rule to money

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Suze: that you have in an employer sponsored plan. So if

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Suze: you take money that is in your TSP 401K or 403B.

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Suze: And you do an IRA rollover with it.

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Suze: And you are going to be 55 years of age

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Suze: or older, you're not yet 59 and a half, but

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Suze: between those ages, and you do an IRA rollover with it,

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Suze: in most cases, you cannot touch that money.

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Suze: Without the 10% penalty, now there are things that you

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Suze: can do if you did that called separate and equal

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Suze: periodic payments, but trust me, you do not want to

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Suze: do that. All right, everybody, it is complicated. You could

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Suze: possibly get yourself in trouble.

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Suze: So it would be far easier for you just leave

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Suze: the amount of money that you know you want to

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Suze: access from an employer sponsored plan in the employer sponsored plan.

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Suze: If you happen to have a lot of money in

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Suze: your employer sponsored plan and you want to roll some

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Suze: of it to an IRA rollover and you are going

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Suze: to be 55 or older this year, OK.

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Suze: But leave the amount of money that will at least

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Suze: last you for a year or longer in the employer

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Suze: sponsored plan. So that is a place that if you

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Suze: do withdraw, you're only going to pay income tax on it.

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Suze: But remember you've lost your job, so your income taxes

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Suze: aren't going to be that high this year because even

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Suze: if you are with spouse who's earning money, your income

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Suze: has gone down considerably.

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Suze: So just something for you to think about.

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Suze: For those of you

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Suze: who only have a little bit of money within those

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Suze: retirement accounts whether it's your IRA or not before you

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Suze: use any cash before you take money out of any

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Suze: retirement account, I would like to see you. I know

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Suze: you're going to think I've lost it here.

230
00:15:54,520 --> 00:15:57,940
Suze: I'd like to see you put any expenses you can

231
00:15:58,229 --> 00:16:00,359
Suze: on your credit card.

232
00:16:01,099 --> 00:16:06,049
Suze: And only pay the minimum payment due when the bill

233
00:16:06,049 --> 00:16:06,880
Suze: comes in.

234
00:16:08,200 --> 00:16:13,799
Suze: Remember, credit cards can be discharged in bankruptcy if you

235
00:16:13,799 --> 00:16:16,640
Suze: need to claim bankruptcy.

236
00:16:17,520 --> 00:16:21,789
Suze: You do not want to take money from a retirement account,

237
00:16:22,229 --> 00:16:25,200
Suze: because if you claim bankruptcy and you've taken it again,

238
00:16:25,270 --> 00:16:28,739
Suze: I'm repeating this, that money's gone and you have nothing.

239
00:16:29,190 --> 00:16:32,830
Suze: You want to maintain any cash that you have just

240
00:16:32,830 --> 00:16:37,200
Suze: in case. So this is a case where Miss Orman

241
00:16:37,200 --> 00:16:41,989
Suze: is saying, All right, let's just use your credit cards

242
00:16:41,989 --> 00:16:45,190
Suze: for now and let's see how it goes.

243
00:16:45,599 --> 00:16:52,580
Suze: Another place that even before you touch retirement accounts, regardless

244
00:16:52,580 --> 00:16:55,669
Suze: of how much you have in retirement accounts where you

245
00:16:55,669 --> 00:16:59,390
Suze: might want to get the money from would be if

246
00:16:59,390 --> 00:17:04,469
Suze: you have an investment account. So besides your retirement accounts,

247
00:17:04,550 --> 00:17:08,188
Suze: you opened up an account at a brokerage firm and

248
00:17:08,189 --> 00:17:11,430
Suze: you've been buying stock or whatever it is, ETFs or

249
00:17:11,430 --> 00:17:12,790
Suze: whatever that may be.

250
00:17:14,140 --> 00:17:19,619
Suze: Especially because there isn't a 10% penalty there, there isn't

251
00:17:19,619 --> 00:17:23,939
Suze: ordinary income tax there if you've owned your investments for

252
00:17:23,939 --> 00:17:28,540
Suze: over a year, that would probably be one of the

253
00:17:28,540 --> 00:17:31,890
Suze: first places I would go if you're lucky enough to

254
00:17:31,890 --> 00:17:35,339
Suze: have an investment account to get money.

255
00:17:36,160 --> 00:17:41,229
Suze: In choosing what you should do, I would be consulting

256
00:17:41,640 --> 00:17:45,109
Suze: an accountant or a CPA to look at your situation,

257
00:17:45,439 --> 00:17:48,949
Suze: look at your taxes, what you have going on, really,

258
00:17:49,479 --> 00:17:52,479
Suze: and make your choice from there.

259
00:17:53,800 --> 00:17:55,979
Suze: I know you're not going to like this next one

260
00:17:55,979 --> 00:17:58,819
Suze: if you don't have any of that, but you happen

261
00:17:58,819 --> 00:18:03,510
Suze: to put some money in a 529 plan for your kid.

262
00:18:04,300 --> 00:18:07,489
Suze: And your kid is still years away from college or

263
00:18:07,489 --> 00:18:08,599
Suze: even if they're not.

264
00:18:09,750 --> 00:18:14,728
Suze: You could take money from the 529 plan and obviously

265
00:18:14,910 --> 00:18:18,869
Suze: you're going to pay a 10% penalty on earnings from

266
00:18:18,869 --> 00:18:21,989
Suze: that account and you're going to pay tax on the

267
00:18:21,989 --> 00:18:25,109
Suze: earnings as well, but depending on what you have in

268
00:18:25,109 --> 00:18:27,829
Suze: there and your current tax bracket because you don't have

269
00:18:27,829 --> 00:18:29,228
Suze: income possibly coming in.

270
00:18:29,819 --> 00:18:33,420
Suze: That might not be a bad idea and in fact

271
00:18:33,420 --> 00:18:38,349
Suze: that probably would be a better idea really than draining

272
00:18:38,349 --> 00:18:40,589
Suze: money from a retirement account.

273
00:18:42,050 --> 00:18:45,829
Suze: A lot of you have cash in an HSA account,

274
00:18:45,910 --> 00:18:47,468
Suze: a health savings account.

275
00:18:48,109 --> 00:18:51,500
Suze: That is the one place I would most likely tell

276
00:18:51,500 --> 00:18:56,260
Suze: you not to take money from. That is because if

277
00:18:56,260 --> 00:19:00,420
Suze: you're under the age of 65, not only will you

278
00:19:00,420 --> 00:19:03,219
Suze: pay ordinary income tax on it since it's not going

279
00:19:03,219 --> 00:19:06,890
Suze: to be for a qualified medical expense, but you're going

280
00:19:06,890 --> 00:19:11,500
Suze: to pay a 20% penalty on it as well if

281
00:19:11,500 --> 00:19:13,179
Suze: you're 65 or older.

282
00:19:13,699 --> 00:19:17,890
Suze: All right, you're not gonna pay the 20% penalty, but

283
00:19:17,890 --> 00:19:22,910
Suze: you will pay for non-qualified medical expenses ordinary income tax.

284
00:19:23,609 --> 00:19:26,560
Suze: Those are some of your options.

285
00:19:27,689 --> 00:19:30,180
Suze: Now for those of you

286
00:19:30,979 --> 00:19:33,719
Suze: who were lucky enough to listen to me.

287
00:19:34,550 --> 00:19:40,448
Suze: And you actually opened up a Roth TSP, a Roth 401k,

288
00:19:40,569 --> 00:19:45,119
Suze: or a Roth 403B, and now you have lost your job.

289
00:19:45,489 --> 00:19:49,569
Suze: Listen to me closely now. I just want you to

290
00:19:49,569 --> 00:19:54,739
Suze: see an example of what you can do to help yourself.

291
00:19:54,969 --> 00:20:00,959
Suze: Write this down, everybody. Let's just say you have $50,000

292
00:20:01,250 --> 00:20:03,449
Suze: in your Roth TSP.

293
00:20:04,380 --> 00:20:06,969
Suze: Alright, let's just say that's true cause that's for federal

294
00:20:06,969 --> 00:20:09,579
Suze: employees and that's who's really dealing with this right now,

295
00:20:09,660 --> 00:20:11,139
Suze: but it applies to everybody.

296
00:20:11,829 --> 00:20:18,129
Suze: And that $50,000 is made up of $30,000 that you

297
00:20:18,130 --> 00:20:18,609
Suze: put in.

298
00:20:19,479 --> 00:20:28,109
Suze: $20,000 of earnings when you withdraw money from a Roth TSP,

299
00:20:28,390 --> 00:20:33,919
Suze: it does not work like a Roth IRA. Any money

300
00:20:33,920 --> 00:20:38,630
Suze: you originally contribute to a Roth IRA, you can take

301
00:20:38,630 --> 00:20:42,280
Suze: out at any time without taxes or penalties regardless of

302
00:20:42,280 --> 00:20:46,949
Suze: your age. In a Roth TSP, they don't do it

303
00:20:46,949 --> 00:20:47,520
Suze: that way.

304
00:20:48,520 --> 00:20:53,160
Suze: They do a combination and prorate how much of your

305
00:20:53,160 --> 00:20:58,438
Suze: distribution is made up of your original contributions and of

306
00:20:58,439 --> 00:21:00,550
Suze: your earnings. So let's just say

307
00:21:01,469 --> 00:21:06,569
Suze: of this $50,000 that's in there where you put in

308
00:21:06,569 --> 00:21:11,790
Suze: the original $30,000 and let's just say you want to

309
00:21:11,790 --> 00:21:17,579
Suze: take out $20,000. The way that it would work is this.

310
00:21:19,050 --> 00:21:25,968
Suze: You would divide 30,000 by 50,000 your original contributions, which

311
00:21:25,969 --> 00:21:27,239
Suze: is 60%.

312
00:21:28,209 --> 00:21:34,000
Suze: You would divide 20,000, which is your earnings, by 50,000,

313
00:21:34,010 --> 00:21:36,530
Suze: the total that you have in the account, and that

314
00:21:36,530 --> 00:21:38,369
Suze: would be 40%.

315
00:21:39,280 --> 00:21:46,728
Suze: So you want to take out $20,000. 60% of that

316
00:21:47,040 --> 00:21:50,189
Suze: is considered your contributions. You're not going to owe taxes,

317
00:21:50,280 --> 00:21:57,160
Suze: penalty on it, nothing, $12,000. However, 40% of that $20,000

318
00:21:57,160 --> 00:22:02,430
Suze: is going to be considered your earnings. That is $8000.

319
00:22:02,680 --> 00:22:07,189
Suze: So if you take this from your Roth TSP.

320
00:22:07,630 --> 00:22:10,770
Suze: And you are not 59 and a half years of age or older

321
00:22:10,770 --> 00:22:14,089
Suze: or possibly 55 or older in the year you left service.

322
00:22:14,380 --> 00:22:17,569
Suze: You are going to owe ordinary income taxes no matter

323
00:22:17,569 --> 00:22:24,229
Suze: what on the $8000 and possibly a 10% penalty. However,

324
00:22:24,540 --> 00:22:28,619
Suze: let's just say you were smart and you decided to

325
00:22:28,619 --> 00:22:34,260
Suze: roll over all $50,000 into a Roth IRA.

326
00:22:34,890 --> 00:22:39,400
Suze: Two things. If your Roth IRA has been opened for

327
00:22:39,400 --> 00:22:42,739
Suze: 5 years or longer or however long it's been open,

328
00:22:43,010 --> 00:22:46,359
Suze: the money that you're rolling in there takes on the

329
00:22:46,359 --> 00:22:51,188
Suze: time period of that Roth IRA. Let's say you don't

330
00:22:51,189 --> 00:22:54,040
Suze: have a Roth IRA and you are opening it for

331
00:22:54,040 --> 00:22:57,989
Suze: the first time. When you roll it over,

332
00:22:59,810 --> 00:23:05,729
Suze: all 50,000, 30,000 is going to be contributions, 20,000 is

333
00:23:05,729 --> 00:23:07,209
Suze: going to be earnings.

334
00:23:07,760 --> 00:23:12,260
Suze: You can take out without taxes or penalties anything up

335
00:23:12,260 --> 00:23:17,369
Suze: to that $30,000. It's the $20,000 that has to stay

336
00:23:17,369 --> 00:23:20,409
Suze: in that account for at least 5 years and until

337
00:23:20,410 --> 00:23:25,040
Suze: you're 59 and half to access it without 10% penalty and taxes.

338
00:23:25,329 --> 00:23:29,760
Suze: So in that case, if you wanted $20,000 you could

339
00:23:29,760 --> 00:23:30,649
Suze: withdraw it

340
00:23:31,479 --> 00:23:37,959
Suze: without any taxes or penalties versus the other situation, if

341
00:23:37,959 --> 00:23:41,949
Suze: you took it from your Roth TSP, you are going

342
00:23:41,949 --> 00:23:49,160
Suze: to owe ordinary income taxes on that $8000 plus possibly

343
00:23:49,160 --> 00:23:49,599
Suze: a 10%.

344
00:23:50,239 --> 00:23:55,849
Suze: penalty. So to save yourself that tax money and penalty

345
00:23:55,849 --> 00:24:00,488
Suze: if you just simply do a Roth IRA rollover with

346
00:24:00,489 --> 00:24:05,790
Suze: your Roth TSP 401k or 403B, you've lost your job now.

347
00:24:06,130 --> 00:24:09,409
Suze: You want to save every penny you can. This is

348
00:24:09,410 --> 00:24:13,329
Suze: something that you should look into doing. Obviously check it

349
00:24:13,329 --> 00:24:14,410
Suze: with the CPA,

350
00:24:14,829 --> 00:24:18,489
Suze: just to make sure that I'm correct, so there are

351
00:24:18,489 --> 00:24:21,228
Suze: things that you can do what all of you should

352
00:24:21,229 --> 00:24:24,429
Suze: be doing now. However, if you don't already have a

353
00:24:24,430 --> 00:24:27,910
Suze: Roth IRA, if you qualify for it, you should open

354
00:24:27,910 --> 00:24:32,219
Suze: a Roth IRA, even if you just deposit $1 in it.

355
00:24:32,630 --> 00:24:39,160
Suze: Now the clock is ticking because if you did have

356
00:24:39,489 --> 00:24:43,520
Suze: A Roth IRA that was open for 5 years and

357
00:24:43,520 --> 00:24:46,573
Suze: you did this and you happen to be over 59

358
00:24:46,573 --> 00:24:50,099
Suze: and half, oh, you could take all $50,000 out without

359
00:24:50,099 --> 00:24:56,000
Suze: any taxes or penalties. What so ever think about it, everybody.

360
00:24:56,619 --> 00:24:59,250
Suze: Last but not least, I just want to say something

361
00:24:59,250 --> 00:25:00,780
Suze: now about the stock market.

362
00:25:02,400 --> 00:25:10,879
Suze: What's aggravating me is that we've been talking about Palantir forever. Walmart, Amazon,

363
00:25:10,890 --> 00:25:13,589
Suze: all these stocks that we have been talking about.

364
00:25:14,300 --> 00:25:17,800
Suze: That you have watched going up and up and up

365
00:25:17,800 --> 00:25:21,449
Suze: and up and up and you were like, oh, I

366
00:25:21,449 --> 00:25:26,130
Suze: missed it. I can't believe it. It's, it's gone. Take

367
00:25:26,130 --> 00:25:30,250
Suze: Palantir it's at 120, 124, and you're watching it and

368
00:25:30,250 --> 00:25:32,010
Suze: before you know it you look at it and it's

369
00:25:32,010 --> 00:25:38,040
Suze: like 95, 98, 100, 110 wherever it closed.

370
00:25:38,689 --> 00:25:42,839
Suze: And now you are upset. At first you are upset

371
00:25:42,839 --> 00:25:45,959
Suze: that you didn't get in. Now you're upset if you

372
00:25:45,959 --> 00:25:46,640
Suze: own it.

373
00:25:47,020 --> 00:25:50,209
Suze: That it's gone down now you are upset because you

374
00:25:50,209 --> 00:25:54,209
Suze: didn't catch it at the bottom of 95. Some of

375
00:25:54,209 --> 00:25:57,929
Suze: your responses on the Women and Money community app, which

376
00:25:57,930 --> 00:26:00,329
Suze: you can download, by the way, everybody at Apple Apps

377
00:26:00,329 --> 00:26:03,619
Suze: and Google Play. I missed it. I put in the order.

378
00:26:03,689 --> 00:26:07,489
Suze: I didn't get it. What is wrong with all of you?

379
00:26:07,530 --> 00:26:11,890
Suze: I'm very serious about this. You are never ever going

380
00:26:11,890 --> 00:26:13,209
Suze: to buy at the bottom.

381
00:26:13,560 --> 00:26:16,390
Suze: And you are never ever going to sell at the

382
00:26:16,390 --> 00:26:18,869
Suze: top unless you are lucky.

383
00:26:19,890 --> 00:26:22,599
Suze: Like so many of you were upset.

384
00:26:23,719 --> 00:26:27,900
Suze: When you didn't buy Palantir at 6, that's the lowest

385
00:26:27,900 --> 00:26:32,000
Suze: I think it's been really since 2022, but you were

386
00:26:32,000 --> 00:26:34,359
Suze: upset that you didn't buy it at 6. You were

387
00:26:34,359 --> 00:26:36,599
Suze: upset you didn't buy it at 7. Then it went

388
00:26:36,599 --> 00:26:38,959
Suze: to 14, and then it went up and that goes up,

389
00:26:39,160 --> 00:26:42,000
Suze: goes down. You cannot be

390
00:26:42,319 --> 00:26:47,310
Suze: an investor who has regrets, you have to be a

391
00:26:47,310 --> 00:26:51,540
Suze: strong-minded investor. And the first question you have to ask

392
00:26:51,540 --> 00:26:55,948
Suze: yourself is, Do you like the company? Do you like

393
00:26:55,949 --> 00:26:59,069
Suze: what they are doing? Do they have a product that

394
00:26:59,069 --> 00:27:03,988
Suze: is needed? Are they at the forefront of creation and

395
00:27:03,989 --> 00:27:06,140
Suze: what's going on in this world?

396
00:27:07,339 --> 00:27:10,989
Suze: Is it something that will grow and grow over time?

397
00:27:11,239 --> 00:27:14,920
Suze: Are their earnings good? Is their management good? Do you

398
00:27:14,920 --> 00:27:19,839
Suze: like the company? And if you like the company and

399
00:27:19,839 --> 00:27:22,939
Suze: the stock has already gone up dramatically, which in this

400
00:27:22,939 --> 00:27:24,000
Suze: case it did.

401
00:27:24,660 --> 00:27:28,349
Suze: You're upset that you didn't sell at the top. You're

402
00:27:28,349 --> 00:27:31,180
Suze: upset that, oh my God, you didn't buy like I

403
00:27:31,180 --> 00:27:34,579
Suze: said before at 95. Listen, this stock could easily go

404
00:27:34,579 --> 00:27:38,459
Suze: back down to 70, could go to 80. Your job

405
00:27:38,459 --> 00:27:42,459
Suze: is to buy little by little, no matter what it does.

406
00:27:43,250 --> 00:27:46,890
Suze: Yes, I bought it at 98. I also bought some

407
00:27:46,890 --> 00:27:49,849
Suze: at 113 before I bought it at 98.

408
00:27:51,229 --> 00:27:56,109
Suze: So as it's going down, I bought some, then I

409
00:27:56,109 --> 00:27:58,709
Suze: bought a little more. If it goes down even more,

410
00:27:58,790 --> 00:28:02,790
Suze: I will do so. So it's a stock that I

411
00:28:02,790 --> 00:28:06,270
Suze: want to own. It is a stock that I have

412
00:28:06,270 --> 00:28:11,169
Suze: faith in, and if it goes down, I'm thrilled cause

413
00:28:11,170 --> 00:28:15,349
Suze: I get to buy more. So I don't care if

414
00:28:15,349 --> 00:28:18,989
Suze: you're buying 1 share, a half a share, you're buying

415
00:28:18,989 --> 00:28:20,909
Suze: slices of shares.

416
00:28:21,569 --> 00:28:24,510
Suze: So if you don't have a lot of money and

417
00:28:24,510 --> 00:28:29,510
Suze: you want to participate in this stock, then divide whatever

418
00:28:29,510 --> 00:28:33,430
Suze: money you have and invest $10 a month, $5 a month,

419
00:28:33,439 --> 00:28:35,270
Suze: it does not matter.

420
00:28:35,989 --> 00:28:38,439
Suze: But do not get mad cause you missed it.

421
00:28:39,140 --> 00:28:42,290
Suze: You missed what everybody? You don't know that it's at

422
00:28:42,290 --> 00:28:45,770
Suze: its lowest point right now. After it went to 95,

423
00:28:45,810 --> 00:28:49,079
Suze: it went back up to 105. Then here we are again,

424
00:28:49,290 --> 00:28:54,520
Suze: and now it's back at 101. Really, everybody, really, when

425
00:28:54,520 --> 00:28:59,760
Suze: a stock goes up straight as Palantir did, you have

426
00:28:59,760 --> 00:29:04,489
Suze: to expect that it's going to fall back down. Nothing

427
00:29:04,489 --> 00:29:05,880
Suze: goes straight up.

428
00:29:06,650 --> 00:29:11,339
Suze: So really, I need you to be financial grownups here.

429
00:29:12,229 --> 00:29:15,040
Suze: The goal of money is for you to be secure,

430
00:29:15,250 --> 00:29:19,089
Suze: and if it is making you too nervous, then sell

431
00:29:19,089 --> 00:29:22,410
Suze: it and do something else with your money. That's just

432
00:29:22,410 --> 00:29:26,469
Suze: that simple or sell half or just hold on to

433
00:29:26,469 --> 00:29:31,239
Suze: what you already have. But don't play this game of oh,

434
00:29:31,410 --> 00:29:32,930
Suze: I bought it at 98.

435
00:29:33,479 --> 00:29:35,660
Suze: I'm going to buy more. When I said that and

436
00:29:35,660 --> 00:29:39,170
Suze: I posted that, it's because if it did go down,

437
00:29:39,260 --> 00:29:41,180
Suze: I would be thrilled, and I got news for you

438
00:29:41,180 --> 00:29:43,689
Suze: if it went up a little, I would still buy more.

439
00:29:44,859 --> 00:29:49,270
Suze: So you have got to have conviction in what you

440
00:29:49,270 --> 00:29:53,510
Suze: are buying and not ask each other's opinion in terms

441
00:29:53,510 --> 00:29:57,270
Suze: of what they are doing. You have to know what

442
00:29:57,270 --> 00:29:58,109
Suze: you're doing.

443
00:29:59,469 --> 00:30:00,180
Suze: All right.

444
00:30:01,199 --> 00:30:04,510
Suze: That's what I think. I still have total faith in Palantir,

445
00:30:04,719 --> 00:30:08,920
Suze: total faith in Walmart, total faith in Pfizer, total faith

446
00:30:08,920 --> 00:30:11,239
Suze: in the stocks and the ETFs that I've talked to

447
00:30:11,239 --> 00:30:15,800
Suze: you about, and it's just that simple. All right, everybody,

448
00:30:15,974 --> 00:30:20,285
Suze: until Thursday when KT joins us again, there's only one

449
00:30:20,285 --> 00:30:21,964
Suze: thing that I want you to remember when it comes

450
00:30:21,964 --> 00:30:25,944
Suze: to your money, and it is this people first, then money,

451
00:30:26,125 --> 00:30:29,875
Suze: then things. Now you stay safe. Bye-bye.