1 00:00:40,220 --> 00:00:45,720 Suze: January 7th 2024 welcome everybody to the Women and Money 2 00:00:45,729 --> 00:00:49,750 Suze: podcast as well as everybody smart enough to listen, Suze 3 00:00:49,759 --> 00:00:52,560 Suze: O here and today is Suze School. 4 00:00:53,590 --> 00:00:56,930 Suze: Now, did you notice anything different about the theme song? 5 00:00:58,020 --> 00:01:02,939 Suze: Did you notice that? I had Robert the producer add 6 00:01:02,950 --> 00:01:08,699 Suze: two opening lines to Sia's song Unstoppable. 7 00:01:10,180 --> 00:01:12,599 Suze: And were you able to understand the words 8 00:01:13,319 --> 00:01:18,129 Suze: of those two lines? If not they go like this, 9 00:01:18,919 --> 00:01:23,250 Suze: I put my armour on, show you how strong I am. 10 00:01:23,930 --> 00:01:28,230 Suze: I put my armour on, I'll show you that I am. 11 00:01:28,930 --> 00:01:31,629 Suze: And then of course it goes on to say as 12 00:01:31,639 --> 00:01:34,870 Suze: you already all know, but just in case you don't, 13 00:01:35,529 --> 00:01:41,989 Suze: I'm unstoppable. I'm a Porsche with no breaks. I'm invincible. Yeah, 14 00:01:42,000 --> 00:01:46,669 Suze: I win every single game. I'm so powerful. I don't 15 00:01:46,680 --> 00:01:53,349 Suze: need batteries to play. I'm so confident. Yeah, I'm unstoppable today. 16 00:01:54,069 --> 00:01:58,569 Suze: Now, why in this year of 2024 17 00:01:59,610 --> 00:02:07,089 Suze: did I ask Robert to add on those two lines? 18 00:02:07,489 --> 00:02:10,990 Suze: I put my armour on show you how strong I am. 19 00:02:11,419 --> 00:02:15,029 Suze: I put my armour on, I'll show you that I am. 20 00:02:16,229 --> 00:02:24,080 Suze: The reason is truthfully to be unstoppable to just go 21 00:02:24,089 --> 00:02:29,580 Suze: for it against all odds and not let anything stop you. 22 00:02:29,740 --> 00:02:33,050 Suze: You have to have courage, you have to have strength. 23 00:02:33,220 --> 00:02:36,929 Suze: You have to in essence, put this invisible armor on 24 00:02:37,279 --> 00:02:39,919 Suze: to show everybody how strong you are 25 00:02:41,130 --> 00:02:45,179 Suze: to show everybody who you really are. 26 00:02:46,470 --> 00:02:51,089 Suze: And so that's why because I wanted this year to 27 00:02:51,100 --> 00:02:56,369 Suze: go one step further, one step deeper into the inner 28 00:02:56,380 --> 00:03:00,020 Suze: strength that I want all of you every single one 29 00:03:00,029 --> 00:03:01,610 Suze: of you to have. 30 00:03:02,440 --> 00:03:06,330 Suze: And one of the reasons that this came about happened 31 00:03:06,339 --> 00:03:10,279 Suze: just the other day. And as I'm recording this, we 32 00:03:10,288 --> 00:03:14,240 Suze: happen to be in Florida and I needed an adjustment 33 00:03:14,250 --> 00:03:17,538 Suze: and some new glasses. So we went into the place 34 00:03:17,550 --> 00:03:21,660 Suze: that I always go to get my glasses and I 35 00:03:21,669 --> 00:03:25,380 Suze: mainly go there because there are two women who work there. 36 00:03:25,929 --> 00:03:28,270 Suze: And I love these women. 37 00:03:29,008 --> 00:03:32,008 Suze: You know, it's like forget the glass place, KT and 38 00:03:32,020 --> 00:03:33,960 Suze: I just go to talk to these women. 39 00:03:34,720 --> 00:03:39,699 Suze: And as I heard their stories, I realized, oh my God, 40 00:03:40,399 --> 00:03:44,979 Suze: these women in particular need to put armor on. They 41 00:03:44,990 --> 00:03:48,740 Suze: need to show the world how strong they happen to be. 42 00:03:49,619 --> 00:03:52,320 Suze: But yet they choose not to, 43 00:03:53,149 --> 00:03:57,279 Suze: they choose to stay in a situation. One of them 44 00:03:57,399 --> 00:04:00,000 Suze: that I don't think is very healthy for them on 45 00:04:00,009 --> 00:04:02,880 Suze: any level and the other one 46 00:04:04,039 --> 00:04:09,660 Suze: chooses not to really show the world her really incredible 47 00:04:09,669 --> 00:04:15,860 Suze: talent because she's just kind of settled in to what 48 00:04:15,869 --> 00:04:19,500 Suze: is going on in her life without going into much 49 00:04:19,510 --> 00:04:24,299 Suze: more detail about it. I left there incredibly sad, 50 00:04:25,309 --> 00:04:28,940 Suze: sad because these are extraordinary women. 51 00:04:29,779 --> 00:04:34,118 Suze: I see more power and energy and potential in them 52 00:04:34,130 --> 00:04:36,279 Suze: than they see in themselves. 53 00:04:37,390 --> 00:04:41,239 Suze: And I was thinking, oh my God, I bet if 54 00:04:41,250 --> 00:04:45,399 Suze: I met all of you or many of you, if 55 00:04:45,410 --> 00:04:47,690 Suze: I could just meet you one on one, 56 00:04:49,779 --> 00:04:54,678 Suze: I bet that just maybe you're not living your fullest 57 00:04:54,690 --> 00:05:00,510 Suze: potential or your fullest strength or your fullest desire to 58 00:05:00,519 --> 00:05:05,239 Suze: show everybody who you are and how strong you happen 59 00:05:05,250 --> 00:05:07,040 Suze: to be. Therefore, 60 00:05:07,910 --> 00:05:12,010 Suze: the first two lines of Sia's songs have been added 61 00:05:12,670 --> 00:05:18,690 Suze: to this year's theme song now, you know, ok, 62 00:05:19,410 --> 00:05:23,149 Suze: the next thing I want to tell you is about 63 00:05:23,160 --> 00:05:27,539 Suze: interest rates because all of you are always so concerned. 64 00:05:27,549 --> 00:05:30,459 Suze: Are interest rates going up? Are they going down? What 65 00:05:30,470 --> 00:05:35,869 Suze: should I be doing? I need you to also be 66 00:05:35,880 --> 00:05:39,980 Suze: calm this year to have patience this year, 67 00:05:40,609 --> 00:05:45,349 Suze: to stop watching everything that happens every single minute. 68 00:05:46,010 --> 00:05:49,909 Suze: I need you to take the long approach to how 69 00:05:49,920 --> 00:05:51,950 Suze: you should be handling your money. 70 00:05:52,720 --> 00:05:55,459 Suze: I know it's cliche when I say it's not a race, 71 00:05:55,470 --> 00:05:59,940 Suze: it's a marathon, but it's true. It's a marathon. I 72 00:05:59,950 --> 00:06:04,738 Suze: was also at somebody's house on New Year's Eve in 73 00:06:04,750 --> 00:06:07,579 Suze: the day there. Did you see the balloons we sent 74 00:06:07,589 --> 00:06:10,850 Suze: up anyway. That's besides the point, if you're not on 75 00:06:10,859 --> 00:06:13,480 Suze: the Women and Money app, you missed it anyway. But 76 00:06:13,488 --> 00:06:16,339 Suze: they're there. You can still join it. And there were 77 00:06:16,350 --> 00:06:17,820 Suze: younger kids there. 78 00:06:18,309 --> 00:06:20,730 Suze: And of course they always love to talk to me 79 00:06:20,738 --> 00:06:24,730 Suze: because they really, in my opinion, want to impress me 80 00:06:25,079 --> 00:06:29,010 Suze: about the stocks they're buying. And one of them said, hey, Suze, Suze, 81 00:06:29,019 --> 00:06:31,170 Suze: did you see this one stock? I forgot what it 82 00:06:31,178 --> 00:06:35,170 Suze: was called. It's up 1500%. It's, it's this thing that, 83 00:06:35,178 --> 00:06:38,029 Suze: that you drink after you have a hangover and you 84 00:06:38,040 --> 00:06:39,410 Suze: no longer have a hangover. 85 00:06:40,070 --> 00:06:43,649 Suze: And I'm just looking at him like, ok, another one 86 00:06:43,660 --> 00:06:47,250 Suze: has this other thing, Susie, this stocks up 300%. Can 87 00:06:47,260 --> 00:06:49,570 Suze: you imagine if we had only bought it? And da da, 88 00:06:49,670 --> 00:06:52,890 Suze: da da. And I said, boys listen to me 89 00:06:53,829 --> 00:06:58,118 Suze: the way you build tremendous wealth in the stock market 90 00:06:58,880 --> 00:07:03,899 Suze: is over time is about investing in one thing and 91 00:07:03,910 --> 00:07:07,799 Suze: hopefully keeping it for a long, long, long time. Imagine 92 00:07:07,809 --> 00:07:10,049 Suze: if you had bought Apple when it first came out 93 00:07:10,059 --> 00:07:13,010 Suze: or Amazon when it first came out and you just 94 00:07:13,019 --> 00:07:17,380 Suze: kept it, you weren't satisfied with just a 50% gain 95 00:07:17,390 --> 00:07:19,579 Suze: and then you sold it and did what with it, 96 00:07:20,200 --> 00:07:22,970 Suze: then you bought another stock that probably went down as 97 00:07:22,980 --> 00:07:26,260 Suze: Apple's gone up like 10,000% or whatever that may happen 98 00:07:26,269 --> 00:07:26,700 Suze: to be. 99 00:07:27,890 --> 00:07:29,790 Suze: I asked him, I said, do any of you listen 100 00:07:29,799 --> 00:07:31,149 Suze: to my podcast? 101 00:07:31,959 --> 00:07:35,910 Suze: And they of course, said, no, you know, your podcast 102 00:07:35,920 --> 00:07:38,100 Suze: is called Women and Money. I said, it's Women and 103 00:07:38,109 --> 00:07:41,859 Suze: Money and Everybody Smart Enough to listen. So you're obviously 104 00:07:41,869 --> 00:07:43,700 Suze: not smart enough to listen. 105 00:07:44,679 --> 00:07:48,489 Suze: I said, there are certain stocks on there that I 106 00:07:48,500 --> 00:07:51,989 Suze: told you about. Palantir was one of em when it 107 00:07:52,000 --> 00:07:53,989 Suze: was around $7 a share. 108 00:07:54,880 --> 00:07:57,980 Suze: And I said, did you buy it? It's doubled. You know, 109 00:07:57,989 --> 00:08:00,619 Suze: right now it's at about 15 or 16, it's down 110 00:08:00,630 --> 00:08:03,279 Suze: from its high of this year. Thank God because I 111 00:08:03,290 --> 00:08:05,829 Suze: wanted to buy more. I said, but that's a stock 112 00:08:05,839 --> 00:08:10,059 Suze: that's going to 50 that's a stock that you should own. 113 00:08:10,070 --> 00:08:12,660 Suze: It's not up and down and all over the place 114 00:08:12,820 --> 00:08:15,399 Suze: and everything I said, just went in one ear and 115 00:08:15,410 --> 00:08:17,140 Suze: out the other to them 116 00:08:18,339 --> 00:08:19,829 Suze: with that said, 117 00:08:20,519 --> 00:08:24,940 Suze: I think it's really important that all of you just 118 00:08:24,950 --> 00:08:30,500 Suze: have patience this year. Like we ended last year talking 119 00:08:30,510 --> 00:08:34,579 Suze: about the magnificent seven and how much they went up 120 00:08:34,590 --> 00:08:37,579 Suze: and how they were fabulous. And then, of course, right 121 00:08:37,590 --> 00:08:41,340 Suze: after that, what happened, they all went down and down 122 00:08:41,900 --> 00:08:44,190 Suze: and many of you, I'm sure may have been really 123 00:08:44,200 --> 00:08:47,059 Suze: upset because maybe you bought some or you bought the 124 00:08:47,070 --> 00:08:50,369 Suze: Qqqs or whatever it may be for you to participate 125 00:08:50,380 --> 00:08:54,289 Suze: in them and rather than being happy that it went 126 00:08:54,299 --> 00:08:57,119 Suze: down so you could possibly buy more 127 00:08:57,979 --> 00:09:00,159 Suze: I'm sure you were depressed. Like, oh my God, I'm 128 00:09:00,169 --> 00:09:00,919 Suze: losing money. 129 00:09:01,919 --> 00:09:06,539 Suze: So when it comes to interest rates, you need to 130 00:09:06,549 --> 00:09:11,559 Suze: be patient here because I think interest rates are going 131 00:09:11,570 --> 00:09:15,140 Suze: to be staying right around where they are right now 132 00:09:15,309 --> 00:09:18,140 Suze: for the next few months. I don't think you're going 133 00:09:18,150 --> 00:09:20,919 Suze: to see the Feds cut right away. Maybe they won't 134 00:09:20,929 --> 00:09:24,218 Suze: cut until the middle of the year. But eventually interest 135 00:09:24,229 --> 00:09:27,140 Suze: rates will go down. 136 00:09:27,700 --> 00:09:30,760 Suze: So for the short term here in the next few months, 137 00:09:31,030 --> 00:09:34,880 Suze: interest rates will stay most likely right around where they are. 138 00:09:35,580 --> 00:09:40,239 Suze: But it will not surprise me on any level. If 139 00:09:40,250 --> 00:09:42,929 Suze: you then see the two year, possibly, even the 10 140 00:09:42,940 --> 00:09:47,799 Suze: year treasuries go down into the threes. 141 00:09:48,510 --> 00:09:53,890 Suze: You just have to be patient with it because it will, 142 00:09:53,900 --> 00:09:56,969 Suze: in my opinion, absolutely happen. 143 00:09:57,960 --> 00:10:02,819 Suze: But since we don't know when it is going to happen, 144 00:10:03,690 --> 00:10:07,630 Suze: you have to lock in the good interest rates, the 145 00:10:07,640 --> 00:10:11,840 Suze: incredible interest rates that are out there right now and 146 00:10:11,849 --> 00:10:13,900 Suze: not try to time it, not try to catch it 147 00:10:13,909 --> 00:10:16,190 Suze: at the very top, but really 148 00:10:17,010 --> 00:10:20,690 Suze: look at what's out there and make a decision for yourself. 149 00:10:20,700 --> 00:10:23,510 Suze: And how does this make sense for me in my 150 00:10:23,520 --> 00:10:30,348 Suze: particular situation? Now, last Thursday, KT and I hinted that 151 00:10:30,359 --> 00:10:34,010 Suze: Alliant was going to be changing the interest rates on 152 00:10:34,020 --> 00:10:39,489 Suze: their one year certificate of deposit and they most certainly did. 153 00:10:39,500 --> 00:10:43,219 Suze: They raised it from five and a quarter, all the 154 00:10:43,229 --> 00:10:46,468 Suze: way up to 5.4% 155 00:10:47,359 --> 00:10:53,700 Suze: or 5.45% for amounts of $75,000 or more. 156 00:10:54,539 --> 00:10:56,929 Suze: You take out your little Suze notebooks right now 157 00:10:57,859 --> 00:10:59,609 Suze: and you listen to me, 158 00:11:00,650 --> 00:11:11,809 Suze: remember at Alliant Credit Union, my alliant.com, alliant.com, my alliant.com. 159 00:11:12,049 --> 00:11:14,390 Suze: That's where you go. And you know, you're at the 160 00:11:14,400 --> 00:11:17,179 Suze: right place. If you see my picture there, 161 00:11:18,200 --> 00:11:23,950 Suze: At Alliant for some reason, they just don't do a one 162 00:11:24,090 --> 00:11:26,059 Suze: year certificate of deposit. 163 00:11:26,849 --> 00:11:32,320 Suze: They do a 12 to 17 month and 30 day 164 00:11:32,330 --> 00:11:37,719 Suze: certificate of deposit and then they switch to the 18 165 00:11:37,729 --> 00:11:42,780 Suze: months to 23 month and 30 day certificate of deposit. 166 00:11:43,440 --> 00:11:47,859 Suze: So that means that you could if you wanted to 167 00:11:47,869 --> 00:11:54,919 Suze: put $1000 in the 12 month at 5.4% $1000 in 168 00:11:54,929 --> 00:11:58,709 Suze: the 13 month, the 14th month, the 16 month, the 169 00:11:58,719 --> 00:12:00,140 Suze: 17th month 170 00:12:00,869 --> 00:12:07,010 Suze: and get 5.4% for it. Now, that is a great rate, 171 00:12:07,640 --> 00:12:10,820 Suze: especially if you're smart. I'm just saying, 172 00:12:11,599 --> 00:12:15,679 Suze: and you have a one year certificate, a deposit coming 173 00:12:15,690 --> 00:12:16,260 Suze: due 174 00:12:17,309 --> 00:12:20,409 Suze: wherever you may have the one year certificate of deposit 175 00:12:20,419 --> 00:12:23,849 Suze: coming due and all you want to do is lock 176 00:12:23,859 --> 00:12:27,520 Suze: it up for one year. You should lock it up 177 00:12:27,530 --> 00:12:33,209 Suze: with the one year certificate of deposit at Alliant Credit Union. 178 00:12:33,630 --> 00:12:36,929 Suze: If you could lock it up for a little bit longer, 179 00:12:38,140 --> 00:12:42,880 Suze: then why not lock it up for 17 months and 180 00:12:42,890 --> 00:12:50,280 Suze: 30 days at 5.4% rather than getting an 18 month 181 00:12:50,289 --> 00:12:56,080 Suze: certificate of deposit at Alliant Credit Union for 5.3%. 182 00:12:57,090 --> 00:12:59,400 Suze: The only reason that you might want to look at 183 00:12:59,409 --> 00:13:06,109 Suze: the 18 month certificate deposit at that interest rate of 5.3% 184 00:13:06,830 --> 00:13:13,010 Suze: or 5.35% for $75,000 or more is if you want 185 00:13:13,020 --> 00:13:16,489 Suze: to go out even longer and you wanna lock it 186 00:13:16,500 --> 00:13:20,549 Suze: up for 23 months and 30 days, which is almost 187 00:13:20,559 --> 00:13:25,848 Suze: two years. Compare that to the two year Treasury note, 188 00:13:26,109 --> 00:13:29,968 Suze: which is only at 4.3%. 189 00:13:31,799 --> 00:13:35,840 Suze: You have to take advantage of these high rates while 190 00:13:35,849 --> 00:13:39,549 Suze: they are here. Now. It is true. You can still, 191 00:13:39,559 --> 00:13:43,130 Suze: for short term, if you need your money, short term, 192 00:13:43,349 --> 00:13:46,380 Suze: you can go to three and six month treasuries or 193 00:13:46,390 --> 00:13:49,739 Suze: even a money market account or whatever. But if you 194 00:13:49,750 --> 00:13:54,718 Suze: have money that you really want to get the highest 195 00:13:54,729 --> 00:13:57,969 Suze: interest rate for at least 1 to 2 years, 196 00:13:59,119 --> 00:14:01,900 Suze: there are not two better CDs out there in my 197 00:14:01,909 --> 00:14:07,369 Suze: opinion than these right here that I talked about. And 198 00:14:07,380 --> 00:14:12,190 Suze: remember it's not just about the highest interest rate, everybody, 199 00:14:12,349 --> 00:14:18,250 Suze: it's about the safest interest rate. And I know because 200 00:14:18,260 --> 00:14:21,460 Suze: I talk to Dennis Devine all the time. I talk 201 00:14:21,469 --> 00:14:25,219 Suze: to the people behind the scenes at Alliant Credit Union. 202 00:14:25,690 --> 00:14:29,409 Suze: So I know what's backing these. And so I don't 203 00:14:29,419 --> 00:14:31,690 Suze: have to worry one day that all of a sudden 204 00:14:31,700 --> 00:14:35,190 Suze: I'm gonna read in the papers. Alliant Credit Union now 205 00:14:35,489 --> 00:14:42,229 Suze: has gone under. It's not gonna happen here. So just same. Ok, 206 00:14:42,239 --> 00:14:43,750 Suze: that's number one. 207 00:14:44,469 --> 00:14:48,940 Suze: Maybe the song was number one. So maybe that's number two. Anyway. 208 00:14:49,210 --> 00:14:51,599 Suze: All right, let's go back to the stock market now 209 00:14:51,609 --> 00:14:54,330 Suze: for a second and maybe that will be number three. 210 00:14:55,340 --> 00:15:01,080 Suze: The market as we speak right here today is taking 211 00:15:01,090 --> 00:15:06,760 Suze: a break. It had a really big run last year, 212 00:15:06,880 --> 00:15:13,429 Suze: a tremendous amounts of money, tremendous percentages, especially if you 213 00:15:13,440 --> 00:15:17,270 Suze: were invested in the right areas. But even the index 214 00:15:17,280 --> 00:15:21,919 Suze: funds were up in the mid 20%. That is a lot. 215 00:15:22,690 --> 00:15:27,849 Suze: So that when something runs that fast and that far, 216 00:15:28,260 --> 00:15:34,630 Suze: usually it takes a break and it rests. It's consolidating 217 00:15:34,640 --> 00:15:35,690 Suze: right here. 218 00:15:36,479 --> 00:15:41,450 Suze: But after again, in my opinion, after it has consolidated 219 00:15:41,460 --> 00:15:44,460 Suze: and it has rested and it has taken a breath, 220 00:15:45,520 --> 00:15:49,750 Suze: I think we will continue to see it go up 221 00:15:49,760 --> 00:15:53,169 Suze: long term. Now might not be for another two weeks 222 00:15:53,179 --> 00:15:57,030 Suze: or four weeks or six weeks, but it should continue 223 00:15:57,039 --> 00:16:03,179 Suze: to go up, especially in the mega area. That is 224 00:16:03,190 --> 00:16:08,200 Suze: the magnificent seven in those big stocks we talked about. 225 00:16:08,330 --> 00:16:10,309 Suze: Do you remember their names? 226 00:16:10,830 --> 00:16:12,869 Suze: I'm not going to tell them to you, go look 227 00:16:12,880 --> 00:16:17,159 Suze: at another podcast, but you should know their names, right. 228 00:16:17,169 --> 00:16:23,830 Suze: KT knows their names. Amazon Apple, you know, NVIDIA, Tesla, Microsoft, 229 00:16:23,840 --> 00:16:29,400 Suze: those kinds of things. Eventually they should start to go again. 230 00:16:30,250 --> 00:16:34,659 Suze: But there are other areas of the market that should 231 00:16:34,669 --> 00:16:39,979 Suze: also start to go again. Now, all the individual stocks 232 00:16:40,099 --> 00:16:43,309 Suze: that I have given you over the past six months 233 00:16:43,320 --> 00:16:46,270 Suze: or so from the Pfizer and the Verizons and the 234 00:16:46,400 --> 00:16:51,479 Suze: reality incomes, they are all doing fabulous. But there are 235 00:16:51,489 --> 00:16:53,549 Suze: many of you out there 236 00:16:54,440 --> 00:16:59,210 Suze: that just don't wanna buy individual stocks. You don't want 237 00:16:59,219 --> 00:17:01,510 Suze: to watch them, you don't want to get involved with 238 00:17:01,520 --> 00:17:06,300 Suze: them and you want a little bit more diversification than that. 239 00:17:07,219 --> 00:17:10,930 Suze: And the other day somebody wrote me and they said, Suze, 240 00:17:11,609 --> 00:17:17,030 Suze: I have $1000. I want to invest, that's all. 241 00:17:18,180 --> 00:17:20,319 Suze: And can you give me 242 00:17:21,520 --> 00:17:25,948 Suze: a list of exchange traded funds that would give me 243 00:17:25,959 --> 00:17:27,660 Suze: total diversification? 244 00:17:28,640 --> 00:17:34,069 Suze: But in specific areas that are favored more than just 245 00:17:34,079 --> 00:17:37,810 Suze: a standard and poor's 500 index fund or the vanguard 246 00:17:37,819 --> 00:17:41,069 Suze: Total Stock market index ETF or whatever it may be 247 00:17:41,079 --> 00:17:44,790 Suze: that you always talk about Suze. Can you bring it 248 00:17:44,800 --> 00:17:52,339 Suze: down and individualize ETFs even more into specific areas? 249 00:17:53,229 --> 00:17:57,589 Suze: I read this email and I thought, hm, kind of interesting. 250 00:17:57,599 --> 00:18:01,050 Suze: That's an interesting thing to do but not a hard 251 00:18:01,060 --> 00:18:02,010 Suze: thing to do 252 00:18:02,969 --> 00:18:06,319 Suze: now. It's not so easy because this person only wanted 253 00:18:06,329 --> 00:18:09,229 Suze: to invest $1000. 254 00:18:10,130 --> 00:18:14,400 Suze: But I thought about the areas that I think are 255 00:18:14,410 --> 00:18:19,260 Suze: going to move faster this year or are more favorable 256 00:18:19,270 --> 00:18:23,469 Suze: this year than other areas of the market. 257 00:18:24,380 --> 00:18:27,760 Suze: They happen to be areas like the financial area, the 258 00:18:27,770 --> 00:18:33,089 Suze: tech area, still the health care, home builders, biotech, things 259 00:18:33,099 --> 00:18:36,010 Suze: like that. Those are all things that I would be 260 00:18:36,020 --> 00:18:39,810 Suze: investing in, but I would be doing it with individual stocks, 261 00:18:40,040 --> 00:18:43,089 Suze: but that isn't what this person wanted. And then I 262 00:18:43,099 --> 00:18:44,399 Suze: had a feeling 263 00:18:45,069 --> 00:18:49,770 Suze: it might be what all of you want as well. 264 00:18:51,390 --> 00:18:54,910 Suze: Are your little Suze notebooks out? Because I'm only gonna 265 00:18:54,920 --> 00:18:56,849 Suze: do this once, everybody, 266 00:18:57,839 --> 00:19:02,099 Suze: if you had $1000 that you wanted to invest 267 00:19:02,900 --> 00:19:06,958 Suze: and you really wanted to be diversified in the areas 268 00:19:06,969 --> 00:19:11,560 Suze: that I think are more favorable for this year long term. 269 00:19:12,829 --> 00:19:15,869 Suze: And you wanted to do it in an exchange traded 270 00:19:15,880 --> 00:19:24,369 Suze: funds and not individual stocks. These are the ETFs that 271 00:19:24,380 --> 00:19:29,569 Suze: I would recommend buying and I did recommend buying to 272 00:19:29,579 --> 00:19:30,770 Suze: this person. 273 00:19:31,619 --> 00:19:35,479 Suze: You would buy one share of each of these. You 274 00:19:35,489 --> 00:19:39,109 Suze: would buy one share of the Standard and Poor's Dow Jones. 275 00:19:39,119 --> 00:19:43,880 Suze: Industrial average symbol is DIA 276 00:19:45,430 --> 00:19:49,649 Suze: it's $374 a share. You would buy one share of that. 277 00:19:50,449 --> 00:19:52,270 Suze: You would buy one share 278 00:19:52,930 --> 00:19:57,989 Suze: of the S and P biotech spider ETF symbol is 279 00:19:58,000 --> 00:20:03,479 Suze: XB like in boy, I, at $89 a share, 280 00:20:04,180 --> 00:20:08,599 Suze: you would buy one share of the Ishares US Home 281 00:20:08,609 --> 00:20:20,650 Suze: Construction ETF symbol ITB like in beautiful at $98 a share, 282 00:20:21,209 --> 00:20:26,389 Suze: you would buy one share of Financial Select symbol XLFF 283 00:20:26,400 --> 00:20:28,839 Suze: F like in Francis 284 00:20:29,579 --> 00:20:32,739 Suze: and that's at about $37 a share 285 00:20:33,770 --> 00:20:39,229 Suze: you would buy one share of XLV V like in Victoria, 286 00:20:39,819 --> 00:20:46,188 Suze: the Healthcare Select ETF at $139 a share. 287 00:20:46,949 --> 00:20:54,020 Suze: And the XL K, the Tech Select ETF which would 288 00:20:54,030 --> 00:20:56,500 Suze: be a little bit different than the QQQ, but it 289 00:20:56,510 --> 00:21:02,050 Suze: would absolutely be a way to go at $184 a share. 290 00:21:02,819 --> 00:21:07,530 Suze: And then you would buy one share of XLC C 291 00:21:07,540 --> 00:21:14,030 Suze: like in Charlotte for the Communications Service Select ETF, 292 00:21:14,800 --> 00:21:20,589 Suze: those are seven ETFs that add up to if you 293 00:21:20,599 --> 00:21:28,859 Suze: were to buy just one share each of those $993. Now, obviously, 294 00:21:28,869 --> 00:21:32,790 Suze: those prices were as of the close of business in 295 00:21:32,800 --> 00:21:35,698 Suze: the stock market last Friday. 296 00:21:36,150 --> 00:21:39,069 Suze: So therefore, maybe it goes up, maybe it goes down. 297 00:21:39,079 --> 00:21:43,250 Suze: But you get the idea, it is a great way 298 00:21:43,260 --> 00:21:46,099 Suze: to start if you have more money that you want 299 00:21:46,109 --> 00:21:49,369 Suze: to invest, ok? You can do that and you would 300 00:21:49,380 --> 00:21:51,349 Suze: figure out how to do that and how many shares 301 00:21:51,359 --> 00:21:54,479 Suze: of each you would want to buy. But it is 302 00:21:54,489 --> 00:21:59,420 Suze: a way to start learning about the stock market. ETFs 303 00:22:00,300 --> 00:22:05,410 Suze: and buy an individualized exchange traded funds. 304 00:22:06,439 --> 00:22:13,750 Suze: That's how you could invest $1000. Now, maybe you have 305 00:22:13,760 --> 00:22:17,709 Suze: $10,000 to invest, you could buy 10 shares of each. 306 00:22:18,160 --> 00:22:22,050 Suze: If you have $100,000 to invest, you could buy 100 307 00:22:22,060 --> 00:22:23,469 Suze: shares of each. 308 00:22:24,660 --> 00:22:28,349 Suze: But that is something that you could do that would 309 00:22:28,359 --> 00:22:35,189 Suze: give you extraordinary diversification but diversification in the areas that 310 00:22:35,199 --> 00:22:37,640 Suze: are most likely going to go, 311 00:22:38,290 --> 00:22:42,310 Suze: which is probably a better way to invest given what's 312 00:22:42,319 --> 00:22:47,910 Suze: happening in the economy and the markets than broad index funds. 313 00:22:47,920 --> 00:22:53,218 Suze: Just saying now there's absolutely nothing wrong by still investing 314 00:22:53,229 --> 00:22:56,709 Suze: in the vanguard total stock market index. ETF that has 315 00:22:56,719 --> 00:23:01,130 Suze: 2000 stocks in it that encompass all of these types 316 00:23:01,140 --> 00:23:05,430 Suze: of shares or even the Standard and Poor's 500 index. 317 00:23:05,829 --> 00:23:09,969 Suze: But this might just be a different way for you 318 00:23:09,979 --> 00:23:16,459 Suze: to start thinking about investing. So if you had $1000 319 00:23:16,619 --> 00:23:20,209 Suze: and you were just new to investing or you just 320 00:23:20,219 --> 00:23:22,449 Suze: wanted to see what happened 321 00:23:23,469 --> 00:23:25,780 Suze: and how does it work when one goes up, one 322 00:23:25,790 --> 00:23:27,650 Suze: goes down, whatever it may be. 323 00:23:28,949 --> 00:23:33,149 Suze: This is a way that you could start if you 324 00:23:33,160 --> 00:23:37,390 Suze: had $5000 maybe to invest, maybe you would do one 325 00:23:37,400 --> 00:23:40,339 Suze: share right now, see what happens in the market and 326 00:23:40,349 --> 00:23:43,729 Suze: depending you could do another, you know, share of each 327 00:23:43,739 --> 00:23:47,250 Suze: as time goes on and dollar cost average into it. 328 00:23:48,260 --> 00:23:52,438 Suze: That's just where I think things are going and just 329 00:23:52,449 --> 00:23:55,439 Suze: some suggestions for you. 330 00:23:56,119 --> 00:24:03,660 Suze: Now, I know last year I briefly mentioned that maybe 331 00:24:03,989 --> 00:24:08,540 Suze: I'd be working with somebody to come up with a 332 00:24:08,550 --> 00:24:11,959 Suze: way for you to invest where we suggested and we 333 00:24:11,969 --> 00:24:14,750 Suze: monitored everything for you. We told you when to buy, 334 00:24:14,760 --> 00:24:16,739 Suze: when to sell and everything 335 00:24:17,609 --> 00:24:20,349 Suze: that is not going to be for a little bit, 336 00:24:20,359 --> 00:24:22,369 Suze: but it is going to be, 337 00:24:23,270 --> 00:24:26,979 Suze: but I don't want you to wait until that happens 338 00:24:27,000 --> 00:24:30,209 Suze: because to do something like that, there's all these regulations 339 00:24:30,219 --> 00:24:32,619 Suze: and all these things you have to go through. So 340 00:24:32,630 --> 00:24:34,439 Suze: it will be a while. 341 00:24:35,260 --> 00:24:38,919 Suze: But my friend and I, and I think many of 342 00:24:38,930 --> 00:24:41,879 Suze: you may know who I'm talking about, but we'll just 343 00:24:41,890 --> 00:24:46,439 Suze: have to let you see for sure. We have started 344 00:24:46,449 --> 00:24:49,569 Suze: working on it. We came up with what we really 345 00:24:49,579 --> 00:24:52,859 Suze: want to do. And so now we're gonna see what 346 00:24:52,869 --> 00:24:56,079 Suze: it takes to put that in place. 347 00:24:56,560 --> 00:25:00,260 Suze: Hopefully you'll be happy when we do so, but for 348 00:25:00,270 --> 00:25:04,479 Suze: now you still have to do certain things and not 349 00:25:04,489 --> 00:25:08,859 Suze: wait for us. But you also have to remember everybody. 350 00:25:09,520 --> 00:25:12,569 Suze: It's not just about investing, 351 00:25:13,349 --> 00:25:17,379 Suze: it's about how you are investing. Are you doing Roth 352 00:25:17,390 --> 00:25:20,979 Suze: retirement accounts? Do you have a will and a trust? 353 00:25:20,989 --> 00:25:24,149 Suze: Do you have an advanced directive and durable power of 354 00:25:24,160 --> 00:25:27,060 Suze: attorney for health care? How do you own title to 355 00:25:27,069 --> 00:25:28,379 Suze: your home? How do you 356 00:25:28,464 --> 00:25:32,045 Suze: name your beneficiaries? What kind of mortgage have you done? 357 00:25:32,055 --> 00:25:36,405 Suze: Do you do? Uh 529 plan or not? I mean, 358 00:25:36,415 --> 00:25:40,244 Suze: and on and on there are all these personal finance 359 00:25:40,255 --> 00:25:43,563 Suze: decisions that you have got to make. 360 00:25:44,599 --> 00:25:48,339 Suze: All right, you have got to make them. It's not 361 00:25:48,349 --> 00:25:53,099 Suze: just about what stock ETF this and that. It's about 362 00:25:53,109 --> 00:25:57,170 Suze: knowing the rules, knowing how to play this financial game 363 00:25:57,180 --> 00:25:58,209 Suze: called life. 364 00:25:58,920 --> 00:26:04,680 Suze: So that you really do a merge a winner. And 365 00:26:04,689 --> 00:26:07,819 Suze: that's what the Women and Money podcast is all about. 366 00:26:07,829 --> 00:26:13,150 Suze: It is not just about what stocks, what interest rates 367 00:26:13,189 --> 00:26:17,099 Suze: and those things. I just wanted to tell you that 368 00:26:17,229 --> 00:26:20,939 Suze: because it's not always gonna be, I'm gonna talk finance 369 00:26:20,949 --> 00:26:24,719 Suze: like this every single week. I'm also gonna get personal 370 00:26:24,729 --> 00:26:26,739 Suze: with you as I always have done 371 00:26:27,060 --> 00:26:30,399 Suze: and I always will do and guide you to the 372 00:26:30,410 --> 00:26:34,959 Suze: best of my ability in every possible way of your life. 373 00:26:35,760 --> 00:26:40,000 Suze: But until Thursday when Miss Travis joins me again for 374 00:26:40,010 --> 00:26:44,339 Suze: another Ask KT and Suze Anything, the truth of the matter 375 00:26:44,349 --> 00:26:48,579 Suze: is we want all of you to be smart to 376 00:26:48,589 --> 00:26:49,599 Suze: stay smart. 377 00:26:50,329 --> 00:26:54,390 Suze: And if you do that, we promise you you will 378 00:26:54,400 --> 00:26:56,829 Suze: be unstoppable.