1 00:00:28,680 --> 00:00:33,939 Suze: May 28th 2023. Welcome everybody to the Women and Money 2 00:00:33,950 --> 00:00:40,209 Suze: podcast as well as everybody smart enough to listen. All right, 3 00:00:40,220 --> 00:00:43,888 Suze: before we get into Suze School, there are a few 4 00:00:43,900 --> 00:00:49,889 Suze: things the most important really being, tomorrow is Memorial Day 5 00:00:50,580 --> 00:00:54,970 Suze: And this obviously is Memorial Day weekend and this weekend 6 00:00:54,979 --> 00:00:59,750 Suze: is not just about barbecues and an extra day off. 7 00:00:59,759 --> 00:01:08,629 Suze: This weekend, tomorrow is a true day of remembrance, remembrance 8 00:01:08,639 --> 00:01:14,050 Suze: of what others did that allowed us to have our freedom. 9 00:01:14,250 --> 00:01:18,110 Suze: So happy Memorial Day to all. 10 00:01:18,400 --> 00:01:23,069 Suze: Also, I just want to remind everybody that many of 11 00:01:23,080 --> 00:01:30,139 Suze: you who purchased three month certificates of deposits with Alliant 12 00:01:30,150 --> 00:01:36,639 Suze: Credit Union, guess what? They are coming due. And I 13 00:01:36,650 --> 00:01:41,559 Suze: want you to do what I did. And if you 14 00:01:41,569 --> 00:01:45,010 Suze: do not need that money, I want you to renew 15 00:01:45,019 --> 00:01:45,330 Suze: it 16 00:01:45,690 --> 00:01:53,410 Suze: for an 18 month period of time at 5.15%. 17 00:01:54,110 --> 00:01:58,029 Suze: I want you to Google, do all the research you can. 18 00:01:58,529 --> 00:02:02,279 Suze: And I don't think that you will find anywhere, 19 00:02:02,900 --> 00:02:08,270 Suze: any bank or any other credit union, a 18 month 20 00:02:08,279 --> 00:02:11,839 Suze: where you're locking that interest rate in for 18 months, 21 00:02:12,589 --> 00:02:18,220 Suze: certificate of deposit for 5.15%. 22 00:02:18,979 --> 00:02:23,300 Suze: Now, I am very aware that in the past, I 23 00:02:23,309 --> 00:02:25,940 Suze: would say no, no go short term, short term because 24 00:02:25,949 --> 00:02:29,440 Suze: interest rates are gonna continue to go up. All of 25 00:02:29,449 --> 00:02:35,330 Suze: that changed everybody. When Silicon Valley Bank went under 26 00:02:35,839 --> 00:02:40,830 Suze: and when things change, you have to change, the investment 27 00:02:40,839 --> 00:02:45,580 Suze: advice has to change. And across the board, when you 28 00:02:45,589 --> 00:02:51,809 Suze: talk to financial institutions as well as economists, they truly 29 00:02:51,820 --> 00:02:57,429 Suze: think that interest rates will be coming down. Therefore, you 30 00:02:57,440 --> 00:02:58,809 Suze: want to lock in 31 00:02:59,460 --> 00:03:03,508 Suze: as long of a rate that seems feasible for you 32 00:03:03,630 --> 00:03:07,190 Suze: at the greatest interest rate out there. And right now 33 00:03:07,199 --> 00:03:11,779 Suze: that is the 18 month certificate of deposit at Alliant 34 00:03:11,788 --> 00:03:15,419 Suze: credit Union. If you don't know about it or you 35 00:03:15,429 --> 00:03:20,508 Suze: haven't gotten one yet. Simply go to my alliant A 36 00:03:20,520 --> 00:03:25,800 Suze: L L I A N T my alliant dot com 37 00:03:25,809 --> 00:03:27,529 Suze: slash ultimate. 38 00:03:28,149 --> 00:03:33,309 Suze: And that is where you sign up to get your CDs. Obviously, 39 00:03:33,570 --> 00:03:37,419 Suze: they have the three month offer, the six month offer, 40 00:03:37,429 --> 00:03:40,710 Suze: the 12 month offer, it goes all the way out. 41 00:03:41,139 --> 00:03:44,699 Suze: But I'm going to tell you something next Sunday on 42 00:03:44,710 --> 00:03:50,179 Suze: that Suze School that day. As to why the certificates 43 00:03:50,190 --> 00:03:53,199 Suze: of deposit at Alliant Credit Union 44 00:03:53,660 --> 00:03:59,449 Suze: are different than any certificate of deposit out there that 45 00:03:59,460 --> 00:04:02,949 Suze: at least I know of. So you might want to 46 00:04:02,960 --> 00:04:07,070 Suze: tune in and take advantage of it. All right. 47 00:04:07,740 --> 00:04:12,419 Suze: Get out your Suze notbooks because today is kind of 48 00:04:12,429 --> 00:04:14,029 Suze: a Doozy. All right. 49 00:04:14,770 --> 00:04:21,649 Suze: Today's Suze School is about preferred stocks. Now, I mentioned 50 00:04:21,660 --> 00:04:25,140 Suze: just a little bit ago that I really needed to 51 00:04:25,149 --> 00:04:29,980 Suze: do a Suze School on preferred stocks. And I got 52 00:04:29,988 --> 00:04:35,609 Suze: a tremendous response from all of you that said: yes, yes, 53 00:04:35,700 --> 00:04:40,559 Suze: I really need to do a Suze School on preferred stocks. 54 00:04:40,980 --> 00:04:46,630 Suze: And I had preferred stocks in my head because sometime 55 00:04:46,640 --> 00:04:49,950 Suze: back in April, I think it was, I got this 56 00:04:49,959 --> 00:04:55,609 Suze: newsletter called Smart Money Monday and it's written by Thompson 57 00:04:55,619 --> 00:04:56,429 Suze: Clark 58 00:04:56,730 --> 00:05:01,859 Suze: of Mauldin Economics. Now, remember just a little bit ago, 59 00:05:01,869 --> 00:05:04,859 Suze: I told you that I went to a conference and 60 00:05:04,869 --> 00:05:08,929 Suze: it was called the Security Investors Conference SIC. And it 61 00:05:08,940 --> 00:05:11,510 Suze: was put on by a man by the name of 62 00:05:11,519 --> 00:05:17,420 Suze: John Mauldin of Mauldin Economics who I just think is so, 63 00:05:17,428 --> 00:05:24,039 Suze: so brilliant and Thompson Clark is part of Mauldin economics 64 00:05:24,440 --> 00:05:31,220 Suze: and he wrote this newsletter about preferred stocks. And that's 65 00:05:31,230 --> 00:05:35,619 Suze: when I got that in my head and I briefly 66 00:05:35,630 --> 00:05:37,950 Suze: mentioned it to you. I think it was a week 67 00:05:37,959 --> 00:05:41,829 Suze: ago Sunday. So I think what I'm gonna do for 68 00:05:41,839 --> 00:05:46,890 Suze: this podcast is simply maybe recap 69 00:05:47,160 --> 00:05:50,209 Suze: everything in that newsletter and what I know and put 70 00:05:50,220 --> 00:05:54,510 Suze: it all together for you so that you can understand 71 00:05:54,660 --> 00:05:59,070 Suze: there is another way for you to invest, get a 72 00:05:59,079 --> 00:06:05,399 Suze: great dividend and pretty much have your money safe and sound. 73 00:06:05,890 --> 00:06:12,250 Suze: So first of all, let's begin, what is a preferred stock? Now, 74 00:06:12,630 --> 00:06:17,058 Suze: most of you that own stocks, own what's called a 75 00:06:17,070 --> 00:06:22,000 Suze: common stock or you own common shares of a company. 76 00:06:22,630 --> 00:06:27,299 Suze: And the reason maybe that they call it common shares 77 00:06:27,329 --> 00:06:31,709 Suze: is because it is the most common type of stock 78 00:06:31,720 --> 00:06:34,100 Suze: that everybody owns. 79 00:06:35,010 --> 00:06:38,410 Suze: But there is a class of stock issued by the 80 00:06:38,420 --> 00:06:44,359 Suze: company that is above common stock and that is called 81 00:06:44,369 --> 00:06:46,619 Suze: preferred stock. Now, 82 00:06:47,390 --> 00:06:52,709 Suze: let's talk about the difference between preferred stock and common 83 00:06:52,720 --> 00:06:56,640 Suze: stock which the majority of you happen to own 84 00:06:57,809 --> 00:07:03,149 Suze: in common stock, you usually are able to vote on things. 85 00:07:03,160 --> 00:07:06,410 Suze: All right. So whether it's the board of directors or 86 00:07:06,420 --> 00:07:10,630 Suze: other major decisions, you usually get to have a vote 87 00:07:10,640 --> 00:07:13,989 Suze: in that. But with Preferred stock, 88 00:07:14,940 --> 00:07:19,920 Suze: it generally does not carry voting rights with it. So 89 00:07:19,929 --> 00:07:22,519 Suze: in certain cases, it does, but the majority of the 90 00:07:22,529 --> 00:07:24,220 Suze: time it does not 91 00:07:25,350 --> 00:07:30,429 Suze: in common stock, when you get a dividend, it can 92 00:07:30,440 --> 00:07:37,369 Suze: be variable and it's dependent on the company's profitability and 93 00:07:37,380 --> 00:07:40,690 Suze: that's all at the board of directors discretion. Ok. 94 00:07:41,329 --> 00:07:46,600 Suze: But dividends for preferred stocks, you just need to know 95 00:07:46,720 --> 00:07:54,140 Suze: do not change. They are not variable. So common shareholders 96 00:07:54,149 --> 00:07:59,559 Suze: like you are generally entitled to dividends, but only listen 97 00:07:59,570 --> 00:08:07,380 Suze: to me closely. Now, after preferred shareholders have been paid, henceforth, 98 00:08:07,390 --> 00:08:09,000 Suze: the name preferred. 99 00:08:09,380 --> 00:08:12,149 Suze: So when a stock is paying a dividend 100 00:08:12,820 --> 00:08:16,670 Suze: and let's say their money is tight or whatever. First, 101 00:08:16,679 --> 00:08:21,880 Suze: those who own preferred stock, they get their dividend and 102 00:08:21,890 --> 00:08:28,049 Suze: then the common shareholders get their dividend, that can be 103 00:08:28,059 --> 00:08:32,530 Suze: a big difference. Just so you know, the other main 104 00:08:32,539 --> 00:08:39,530 Suze: difference between preferred stock and common stock is the dividend. 105 00:08:40,400 --> 00:08:44,809 Suze: So you could own a stock X Y Z company 106 00:08:45,450 --> 00:08:48,940 Suze: and it could be the shares of the common stock 107 00:08:49,080 --> 00:08:55,140 Suze: and those shares happen to pay you a 3% dividend 108 00:08:56,200 --> 00:09:01,409 Suze: or you could own the preferred shares of X Y 109 00:09:01,419 --> 00:09:06,840 Suze: Z and the preferred shares dividend would be five and 110 00:09:06,849 --> 00:09:08,309 Suze: a quarter percent. 111 00:09:09,219 --> 00:09:14,190 Suze: So there is a difference why? Because people normally buy 112 00:09:14,200 --> 00:09:18,929 Suze: common stock for true growth and possibly a dividend, 113 00:09:19,669 --> 00:09:26,319 Suze: but they normally buy preferred stock for income and more stability. 114 00:09:28,000 --> 00:09:32,830 Suze: So it's things like that, that are the main differences 115 00:09:32,840 --> 00:09:35,228 Suze: really because I don't want to go that heavily into 116 00:09:35,239 --> 00:09:40,429 Suze: all the differences between preferred and common stocks. But that's 117 00:09:40,440 --> 00:09:45,250 Suze: generally how it works. Now listen to me closely, ok, 118 00:09:46,119 --> 00:09:49,478 Suze: preferred stock even though it is preferred and the dividend 119 00:09:49,489 --> 00:09:53,780 Suze: needs to be paid there above preferred stock. In many 120 00:09:53,789 --> 00:09:54,699 Suze: cases 121 00:09:55,580 --> 00:09:58,949 Suze: are bonds of the corporation. 122 00:09:59,650 --> 00:10:05,340 Suze: And as you know, bonds are considered debt instruments by 123 00:10:05,349 --> 00:10:10,840 Suze: the company. So remember a bond is where you lend 124 00:10:10,849 --> 00:10:14,450 Suze: the company X amount of money. They give you a 125 00:10:14,460 --> 00:10:18,140 Suze: specific interest rate for a specific period of time and 126 00:10:18,150 --> 00:10:21,520 Suze: then they try to give you your money back on 127 00:10:21,530 --> 00:10:26,989 Suze: the date of maturity of that bond. OK. Everybody, a 128 00:10:27,010 --> 00:10:28,140 Suze: stock 129 00:10:28,780 --> 00:10:34,030 Suze: is an equity investment where you are investing in the 130 00:10:34,039 --> 00:10:39,109 Suze: company very different than a bond, that is a debt instrument. 131 00:10:39,729 --> 00:10:44,819 Suze: So now you know the difference between bonds, common stock 132 00:10:44,830 --> 00:10:46,539 Suze: as well as preferred stock. 133 00:10:47,210 --> 00:10:50,380 Suze: Now let me go back to bonds for one second 134 00:10:50,390 --> 00:10:55,239 Suze: because you're familiar with this when you buy a bond 135 00:10:55,950 --> 00:11:01,199 Suze: and let's say a company issues that bond, they issue 136 00:11:01,210 --> 00:11:06,000 Suze: it at something called Power value, write it down 137 00:11:06,919 --> 00:11:13,469 Suze: and for bonds, the power value is $1000 a bond. 138 00:11:14,169 --> 00:11:18,119 Suze: So if you buy, you know, a bond when it's issued, 139 00:11:18,130 --> 00:11:20,359 Suze: and let's say you just buy one and you pay 140 00:11:20,390 --> 00:11:24,919 Suze: $1000 for that bond in between the day that you 141 00:11:24,929 --> 00:11:29,799 Suze: bought it and the maturity date, it will go up 142 00:11:29,809 --> 00:11:34,900 Suze: and down in value according to what interest rates are doing, 143 00:11:35,429 --> 00:11:39,270 Suze: interest rates go up, bond prices go down. Did you 144 00:11:39,280 --> 00:11:42,520 Suze: not all experience that a few months ago or a 145 00:11:42,530 --> 00:11:46,739 Suze: year ago when as interest rates were going up, what 146 00:11:46,750 --> 00:11:52,539 Suze: happened to your bond portfolios? They got obliterated everybody. But 147 00:11:52,549 --> 00:11:57,840 Suze: the opposite is true. When interest rates go down, the 148 00:11:57,849 --> 00:12:02,580 Suze: value of your bond goes back up. But when a 149 00:12:02,590 --> 00:12:04,119 Suze: bond matures, 150 00:12:04,840 --> 00:12:09,250 Suze: it usually always matures at par. 151 00:12:10,039 --> 00:12:13,359 Suze: So I just want you to remember that and I'm 152 00:12:13,369 --> 00:12:18,849 Suze: telling you that because preferred stock also is kind of 153 00:12:18,859 --> 00:12:24,329 Suze: issued that way. When a company issues preferred stock, 154 00:12:25,070 --> 00:12:29,159 Suze: usually they are issued with a par value and that 155 00:12:29,169 --> 00:12:33,179 Suze: par value is $25 per share. 156 00:12:33,929 --> 00:12:37,799 Suze: They also will declare a dividend payment that can be 157 00:12:37,809 --> 00:12:42,968 Suze: paid either monthly or quarterly. Now listen, that dividend is 158 00:12:42,979 --> 00:12:48,650 Suze: usually fixed or sometimes it can float. So remember in 159 00:12:48,659 --> 00:12:49,979 Suze: a common stock, 160 00:12:50,500 --> 00:12:53,330 Suze: the dividend can be variable, it can float, it can 161 00:12:53,340 --> 00:12:58,579 Suze: do whatever it wants. Usually in preferred stock, the dividend 162 00:12:58,590 --> 00:13:02,869 Suze: is fixed or like I said, in some cases, it 163 00:13:02,880 --> 00:13:05,988 Suze: can also be variable or floating. 164 00:13:06,869 --> 00:13:12,859 Suze: Now with preferred stock, if you buy preferred stock, you 165 00:13:12,869 --> 00:13:17,489 Suze: also sometimes not all the time you have the right 166 00:13:17,679 --> 00:13:23,590 Suze: to convert that preferred stock into common stock at a 167 00:13:23,599 --> 00:13:27,919 Suze: specific price. Why would you want to do that? The 168 00:13:27,929 --> 00:13:30,659 Suze: main reason you want would want to do that is 169 00:13:30,669 --> 00:13:34,119 Suze: you really think that the company that you own preferred 170 00:13:34,130 --> 00:13:35,099 Suze: stock in 171 00:13:35,489 --> 00:13:38,219 Suze: is going to make you more money if you owned 172 00:13:38,229 --> 00:13:42,840 Suze: the common stock. Because remember it's the common stock that 173 00:13:42,849 --> 00:13:46,020 Suze: really goes up a lot faster in value. 174 00:13:46,940 --> 00:13:49,919 Suze: But what I want you to remember is that the 175 00:13:49,929 --> 00:13:52,469 Suze: main difference between a bond 176 00:13:53,179 --> 00:13:59,679 Suze: and preferred stocks is a preferred stock usually does not 177 00:13:59,690 --> 00:14:04,478 Suze: have a maturity date, but it is possible that they 178 00:14:04,489 --> 00:14:09,770 Suze: do a preferred stock like a bond can also have 179 00:14:09,780 --> 00:14:14,520 Suze: what's called a callable date, write it down. 180 00:14:15,380 --> 00:14:20,349 Suze: So a callable date is when the company has the 181 00:14:20,359 --> 00:14:25,010 Suze: ability to call that bond back if they want or 182 00:14:25,020 --> 00:14:29,159 Suze: the preferred stock that they want back. And usually when 183 00:14:29,169 --> 00:14:33,270 Suze: they do that, they have to pay you par for 184 00:14:33,280 --> 00:14:36,109 Suze: the stock or the bond that you own. Now, why 185 00:14:36,119 --> 00:14:37,450 Suze: would a company do that? 186 00:14:38,090 --> 00:14:42,140 Suze: A company would do that if they issued you our 187 00:14:42,150 --> 00:14:47,500 Suze: preferred stock paying you, uh, five or six or 7% 188 00:14:47,510 --> 00:14:52,369 Suze: dividend yield or a bond paying you five or 6% 189 00:14:52,380 --> 00:14:56,739 Suze: in interest. Now, interest rates went all the way down 190 00:14:57,429 --> 00:15:03,140 Suze: and now new bonds really are only paying maybe 0% 1%. 191 00:15:03,150 --> 00:15:05,049 Suze: Do you remember this? That was true a year or 192 00:15:05,059 --> 00:15:05,799 Suze: two ago. 193 00:15:06,900 --> 00:15:13,650 Suze: And they want to call in their bonds or preferred stock. 194 00:15:13,780 --> 00:15:17,940 Suze: Because why should they pay you all that money in 195 00:15:17,950 --> 00:15:21,929 Suze: interest when they can just give you your money back? 196 00:15:21,940 --> 00:15:24,630 Suze: They can call in your stock or bond, 197 00:15:25,940 --> 00:15:29,510 Suze: give you your money back and then take that and 198 00:15:29,520 --> 00:15:34,830 Suze: offer it to new investors at a lot lower interest rates. 199 00:15:35,789 --> 00:15:42,359 Suze: That essentially is how a preferred stock works. Now, not 200 00:15:42,369 --> 00:15:48,799 Suze: all companies offer preferred shares of their company number one 201 00:15:49,710 --> 00:15:56,440 Suze: And just like all stocks, not all preferred stocks are good. 202 00:15:57,090 --> 00:15:59,900 Suze: So you have to really be careful. 203 00:16:00,520 --> 00:16:03,849 Suze: Now, the key here is to make sure that the 204 00:16:03,859 --> 00:16:08,289 Suze: company issuing their preferred is solid 205 00:16:09,119 --> 00:16:13,520 Suze: and the preferreds that are most interesting as well as 206 00:16:13,530 --> 00:16:19,309 Suze: dangerous right now are bank preferred stocks. For you have 207 00:16:19,320 --> 00:16:24,130 Suze: to remember that just a little bit ago when Silicon 208 00:16:24,140 --> 00:16:25,729 Suze: Valley went under 209 00:16:26,390 --> 00:16:32,330 Suze: all the preferred stocks that were attached to banks absolutely 210 00:16:32,340 --> 00:16:36,750 Suze: went down. Now, how do I know that? Because I 211 00:16:36,760 --> 00:16:43,719 Suze: have a considerable amount of money invested in major banks 212 00:16:43,900 --> 00:16:49,309 Suze: that I did preferred stocks with because I bought them 213 00:16:49,320 --> 00:16:52,320 Suze: at like 24 or $25 a share 214 00:16:53,340 --> 00:16:56,640 Suze: and they were giving a really great dividend at a 215 00:16:56,650 --> 00:17:00,469 Suze: time when you could not get dividends anywhere. 216 00:17:01,479 --> 00:17:05,889 Suze: And I was owning them, especially when interest rates were 217 00:17:05,900 --> 00:17:11,310 Suze: down quite low. And I was getting a great dividend 218 00:17:11,319 --> 00:17:16,649 Suze: from them. Then just like everybody else, when interest rates 219 00:17:16,660 --> 00:17:21,670 Suze: started to go up, the value of those preferred stocks 220 00:17:21,680 --> 00:17:26,729 Suze: absolutely started to go down in my portfolio. However, 221 00:17:27,420 --> 00:17:30,949 Suze: the dividends stayed solid. 222 00:17:31,699 --> 00:17:37,030 Suze: So I continued to get great income. Now that it's 223 00:17:37,040 --> 00:17:42,160 Suze: possible that many people think that interest rates most likely 224 00:17:42,170 --> 00:17:43,709 Suze: will come down. 225 00:17:44,489 --> 00:17:49,939 Suze: Then the movement of a preferred stock should absolutely start 226 00:17:49,949 --> 00:17:53,729 Suze: to go back up again. So I think it's absolutely 227 00:17:53,739 --> 00:17:59,020 Suze: possible that while I've been earning 5.5% or more on 228 00:17:59,030 --> 00:18:02,160 Suze: many of these preferred stocks that I own 229 00:18:02,890 --> 00:18:06,300 Suze: that sooner than later, they will all go back up 230 00:18:06,310 --> 00:18:11,379 Suze: to par, maybe a little bit above par. Quizzie: what 231 00:18:11,579 --> 00:18:16,699 Suze: is par in a preferred stock? What does that mean? 232 00:18:18,579 --> 00:18:22,389 Suze: Again when a preferred stock is issued by the company, 233 00:18:22,489 --> 00:18:26,810 Suze: it is issued at par and par for a preferred 234 00:18:26,819 --> 00:18:34,369 Suze: stock is $25. So they issue it at $25 with, 235 00:18:34,380 --> 00:18:36,689 Suze: in most cases, a fixed dividend. 236 00:18:37,180 --> 00:18:41,150 Suze: So, you know, very well, it's going to also behave 237 00:18:41,170 --> 00:18:46,560 Suze: like bonds, interest rates go up. I'm repeating myself, I know. 238 00:18:46,709 --> 00:18:50,449 Suze: Interest rates go up, the value will go down, interest 239 00:18:50,459 --> 00:18:55,270 Suze: rates go down, the value will go up. 240 00:18:56,300 --> 00:18:57,430 Suze: However, 241 00:18:58,189 --> 00:19:03,739 Suze: I've already invested enough money in preferred stocks, but I 242 00:19:03,750 --> 00:19:07,849 Suze: do think it is something for those of you who 243 00:19:07,859 --> 00:19:12,849 Suze: are absolutely looking for income. You don't want a lot 244 00:19:12,859 --> 00:19:16,188 Suze: of fluctuation and you want to know that you really 245 00:19:16,199 --> 00:19:20,079 Suze: have a preferred situation in case of liquidity of the 246 00:19:20,089 --> 00:19:24,579 Suze: company and, or the dividends being in jeopardy a little 247 00:19:24,589 --> 00:19:26,349 Suze: versus the common stock, 248 00:19:26,979 --> 00:19:31,750 Suze: then you would want to possibly take advantage of some 249 00:19:31,760 --> 00:19:36,750 Suze: of these banks that got hurt and are down. Now, 250 00:19:36,760 --> 00:19:40,909 Suze: you would want to look for the absolute strongest bank 251 00:19:40,920 --> 00:19:45,089 Suze: out there if you were to do this and it's 252 00:19:45,099 --> 00:19:48,030 Suze: just something that you should think about. So I'm gonna 253 00:19:48,040 --> 00:19:49,229 Suze: do something now 254 00:19:49,900 --> 00:19:53,630 Suze: that is new to the Women and Money podcast. And 255 00:19:53,640 --> 00:19:57,889 Suze: remember at the beginning of this, I told you how 256 00:19:57,900 --> 00:20:02,579 Suze: I had been reading this newsletter by Thompson Clark and 257 00:20:02,589 --> 00:20:05,609 Suze: how great he is in the Mauldin Economics Group and 258 00:20:05,619 --> 00:20:07,150 Suze: everything like that. 259 00:20:07,890 --> 00:20:13,198 Suze: Well, in that issue that I read back in April, 260 00:20:13,510 --> 00:20:20,500 Suze: he named his number one Preferred Stock and why he 261 00:20:20,510 --> 00:20:24,380 Suze: would buy it and what he expects to see happen 262 00:20:24,390 --> 00:20:25,139 Suze: with it 263 00:20:25,890 --> 00:20:31,260 Suze: because that is his recommendation and not mine because I'm 264 00:20:31,270 --> 00:20:34,099 Suze: not making any with preferred stocks right now. 265 00:20:35,189 --> 00:20:38,709 Suze: I really think you might want to take a look 266 00:20:38,719 --> 00:20:43,520 Suze: at it because I think it's a great idea there. 267 00:20:43,579 --> 00:20:48,839 Suze: But you have to remember this is his recommendation, not mine, 268 00:20:49,160 --> 00:20:56,079 Suze: but I think he is one seriously smart person. Therefore, 269 00:20:56,349 --> 00:21:01,979 Suze: today Sunday, I will be posting on the women and 270 00:21:01,989 --> 00:21:04,198 Suze: money app on the wall. 271 00:21:04,780 --> 00:21:08,500 Suze: The little section that he wrote as to what his 272 00:21:08,510 --> 00:21:13,229 Suze: number one pick is and why he picked it. And 273 00:21:13,239 --> 00:21:17,030 Suze: the reason that I'm doing it that way is because 274 00:21:17,040 --> 00:21:19,979 Suze: then you can read it over and over again. I 275 00:21:19,989 --> 00:21:23,609 Suze: don't want to say something briefly on the podcast. You 276 00:21:23,619 --> 00:21:27,510 Suze: listen to it while you're exercising, while you're walking and 277 00:21:27,520 --> 00:21:30,349 Suze: you don't get it right. You make a mistake and 278 00:21:30,359 --> 00:21:33,170 Suze: then I'm like, oh really? Are you kidding me? 279 00:21:33,650 --> 00:21:37,500 Suze: So it's going to be there in writing and then 280 00:21:37,510 --> 00:21:40,500 Suze: what can you do? You can read it over and 281 00:21:40,510 --> 00:21:42,339 Suze: over and over again. 282 00:21:42,880 --> 00:21:45,810 Suze: If you're not part of the women and money community, 283 00:21:45,819 --> 00:21:50,290 Suze: you don't have that app. You simply go to Apple Apps, 284 00:21:50,300 --> 00:21:55,329 Suze: Google Play, search for Women and Money and download it. 285 00:21:55,339 --> 00:21:59,750 Suze: It is really just that simple. And then you go 286 00:21:59,760 --> 00:22:03,849 Suze: on the app and look for, you know, events with Suze. 287 00:22:03,859 --> 00:22:06,459 Suze: It's the wall. It's the very first one in the 288 00:22:06,469 --> 00:22:08,729 Suze: upper left hand corner 289 00:22:09,420 --> 00:22:14,969 Suze: and there you'll find Thompson Clark's number one recommendation of 290 00:22:14,979 --> 00:22:18,469 Suze: a preferred stock that he thinks. 291 00:22:19,270 --> 00:22:21,959 Suze: And good reason why he thinks that, that you could 292 00:22:21,969 --> 00:22:26,199 Suze: easily make 10% a year for the next two years 293 00:22:26,209 --> 00:22:29,869 Suze: on this stock. Ok. 294 00:22:30,680 --> 00:22:36,810 Suze: That essentially brings us to the end of this Sunday's 295 00:22:36,819 --> 00:22:41,050 Suze: Suze School. Now I'm gonna try my best to do 296 00:22:41,060 --> 00:22:46,599 Suze: Suze Schools all the time that Robert is off galvanting around. 297 00:22:47,550 --> 00:22:49,670 Suze: However, I don't know if we're gonna be able to 298 00:22:49,680 --> 00:22:52,180 Suze: pull that off because he has to carry a little 299 00:22:52,189 --> 00:22:55,659 Suze: computer with him and do all this stuff. It's not easy. 300 00:22:55,920 --> 00:23:00,239 Suze: But at least right now we have a Suze School 301 00:23:00,250 --> 00:23:04,920 Suze: next Sunday. I know we will have another Suze School 302 00:23:04,930 --> 00:23:10,040 Suze: because I really want you to understand this incredibly different 303 00:23:10,050 --> 00:23:15,420 Suze: unique feature of the certificates deposit at Alliant Credit Union 304 00:23:15,660 --> 00:23:20,069 Suze: that somehow I just don't think you're aware of. So 305 00:23:20,079 --> 00:23:22,409 Suze: I'll talk about that and we'll see what happens with 306 00:23:22,420 --> 00:23:26,790 Suze: the debt ceiling and everything like that. All right. 307 00:23:27,410 --> 00:23:33,500 Suze: But until Thursday when Miss Travis joins us again for 308 00:23:33,510 --> 00:23:38,579 Suze: another Ask KT and Suze Anything, there's really one thing that 309 00:23:38,589 --> 00:23:41,729 Suze: I want you to say every single day and it 310 00:23:41,739 --> 00:23:47,369 Suze: goes like this today, wherever I go, I will create 311 00:23:47,380 --> 00:23:54,000 Suze: a more peaceful, joyful and loving world. And if you 312 00:23:54,010 --> 00:23:54,959 Suze: do that, 313 00:23:55,469 --> 00:24:02,079 Suze: I promise you you will be unstoppable. See you Thursday. 314 00:24:02,089 --> 00:24:02,959 Suze: Bye bye.