1 00:00:00,519 --> 00:00:00,939 Music: Music In. 2 00:00:28,690 --> 00:00:35,930 Suze: April 20th, 2023 Suze O here and welcome everybody to the 3 00:00:35,939 --> 00:00:40,680 Suze: Women and Money podcast as well as everybody smart enough 4 00:00:40,689 --> 00:00:42,439 Suze: to listen. 5 00:00:43,180 --> 00:00:47,790 Suze: All right, I am back and it seems like forever 6 00:00:47,799 --> 00:00:49,750 Suze: since we've spoken, doesn't it? 7 00:00:50,459 --> 00:00:55,349 Suze: But I really wanted to do Suze School today because 8 00:00:55,360 --> 00:00:59,009 Suze: I know there are two things that are on your 9 00:00:59,020 --> 00:01:03,430 Suze: minds and those two things are, what should we be 10 00:01:03,439 --> 00:01:07,589 Suze: doing with oil, especially the stock P X D 11 00:01:08,400 --> 00:01:12,480 Suze: and what should we be doing with series I Bonds. 12 00:01:12,919 --> 00:01:17,979 Suze: The question is to buy or not to buy or 13 00:01:18,129 --> 00:01:21,769 Suze: to sell or not to sell. Those are the two 14 00:01:21,779 --> 00:01:24,989 Suze: questions when it comes to I Bonds that you are 15 00:01:25,000 --> 00:01:30,790 Suze: all asking me. But before I answer those questions, 16 00:01:31,290 --> 00:01:34,849 Suze: I just want to remind all of you that at 17 00:01:34,940 --> 00:01:42,379 Suze: six o'clock tonight, East coast time, three o'clock pm Pacific time, 18 00:01:42,410 --> 00:01:46,800 Suze: there will be a replay of the webinar that all 19 00:01:46,809 --> 00:01:50,779 Suze: of you requested that we replay that I did live 20 00:01:50,790 --> 00:01:56,080 Suze: on March 30th. It's hard for me to really comprehend 21 00:01:56,349 --> 00:02:00,330 Suze: that about 80 or 90,000 of you will have watched this, 22 00:02:00,559 --> 00:02:03,940 Suze: but I'm so thrilled, I can't even tell you. Just 23 00:02:03,949 --> 00:02:08,610 Suze: please keep in mind it was live on March 30th, 24 00:02:08,619 --> 00:02:12,279 Suze: so things have changed a little bit, but keep listening 25 00:02:12,288 --> 00:02:15,559 Suze: to the podcast and you will know exactly what I 26 00:02:15,570 --> 00:02:18,038 Suze: have changed and what I haven't. 27 00:02:18,500 --> 00:02:24,690 Suze: To register, however, for this webinar, just go to Suze, 28 00:02:24,699 --> 00:02:30,710 Suze: S U Z E Suze Orman dot com slash webinar. And 29 00:02:30,720 --> 00:02:33,949 Suze: that is where you sign up for free. 30 00:02:35,210 --> 00:02:40,698 Suze: So let's first start with P X D and oil 31 00:02:40,710 --> 00:02:43,460 Suze: better known as W T I Crude. 32 00:02:44,330 --> 00:02:48,388 Suze: What all of you have to really understand and it's 33 00:02:48,399 --> 00:02:51,979 Suze: almost like it's the theme of today's podcast as well 34 00:02:52,800 --> 00:02:58,250 Suze: is you have to invest in the known versus the unknown. 35 00:02:59,300 --> 00:03:01,190 Suze: That's what I've always told you. 36 00:03:01,830 --> 00:03:05,918 Suze: And once you have an investment strategy, you have to 37 00:03:05,929 --> 00:03:11,339 Suze: know why did you invest in something to begin with? 38 00:03:11,929 --> 00:03:15,910 Suze: Did you invest because of the dividend or did you 39 00:03:15,919 --> 00:03:18,119 Suze: invest for growth? 40 00:03:19,470 --> 00:03:23,399 Suze: So way back when, when the markets were going down, 41 00:03:24,149 --> 00:03:28,258 Suze: it seemed very obvious that one should be investing for 42 00:03:28,270 --> 00:03:32,309 Suze: dividends because why lose a whole lot of money in 43 00:03:32,320 --> 00:03:36,300 Suze: your stocks going down and not being paid anything while 44 00:03:36,309 --> 00:03:39,960 Suze: the stocks were going down. While in fact, you could 45 00:03:39,970 --> 00:03:45,440 Suze: invest in certain stocks and get an extremely nice dividend 46 00:03:45,449 --> 00:03:49,029 Suze: such as P X D, which stands for Pioneer as 47 00:03:49,039 --> 00:03:52,770 Suze: well as Devon symbol D V N and really at 48 00:03:52,779 --> 00:03:53,580 Suze: the time, 49 00:03:53,899 --> 00:04:00,270 Suze: the ETF for energy stocks, X L E, why not just 50 00:04:00,279 --> 00:04:01,070 Suze: do that? 51 00:04:01,889 --> 00:04:06,479 Suze: So what's important for all of you to understand is 52 00:04:06,490 --> 00:04:11,178 Suze: that I'm sure it's very confusing, especially if we just 53 00:04:11,190 --> 00:04:15,080 Suze: look at the price of P X D for it 54 00:04:15,089 --> 00:04:20,219 Suze: was on February 12th of this year, not so long 55 00:04:20,230 --> 00:04:21,019 Suze: ago 56 00:04:21,690 --> 00:04:26,890 Suze: that I gave a podcast on why, possibly if a 57 00:04:26,899 --> 00:04:29,940 Suze: long time ago you bought a stock 58 00:04:30,839 --> 00:04:34,589 Suze: and now it's gone from like 69 to 169. I 59 00:04:34,600 --> 00:04:40,160 Suze: gave the example of Chevron and it's only paying you 3% 60 00:04:40,170 --> 00:04:41,729 Suze: right now on that. 61 00:04:42,510 --> 00:04:46,339 Suze: Why not sell it? And possibly, especially if it's in 62 00:04:46,350 --> 00:04:50,709 Suze: a retirement account, which this example was buy something that 63 00:04:50,720 --> 00:04:53,890 Suze: will give you a whole lot more in dividends such 64 00:04:53,899 --> 00:04:59,159 Suze: as P X D. Now, when I gave that example, 65 00:05:00,010 --> 00:05:05,420 Suze: P X D was at $220 a share. 66 00:05:07,010 --> 00:05:12,309 Suze: Oil or W T I on that date was at 67 00:05:12,320 --> 00:05:16,100 Suze: $80 a barrel. Ok. 68 00:05:17,040 --> 00:05:20,890 Suze: Then the next day, next two days, we saw P 69 00:05:20,899 --> 00:05:24,529 Suze: X D shoot up to almost $230 a share. And 70 00:05:24,540 --> 00:05:30,808 Suze: then very rapidly after that, it came down to about 71 00:05:31,720 --> 00:05:36,290 Suze: $186 a share around March 20th. 72 00:05:36,970 --> 00:05:43,299 Suze: when W T I was at $67 a barrel. 73 00:05:44,170 --> 00:05:49,399 Suze: When W T I Crude goes up the price of 74 00:05:49,649 --> 00:05:54,170 Suze: P X D in this example will also go up. 75 00:05:54,178 --> 00:05:56,539 Suze: You know, if you look back in history, 76 00:05:57,220 --> 00:06:01,260 Suze: it was around, oh, I think around June 8th in 77 00:06:01,269 --> 00:06:07,118 Suze: 2022 when W T I was at about $122 a 78 00:06:07,130 --> 00:06:11,709 Suze: barrel and P X D was at $284 a share. 79 00:06:12,519 --> 00:06:14,890 Suze: Back though to what recently happened. 80 00:06:15,630 --> 00:06:18,859 Suze: So here we were on February 12th and I'm sure 81 00:06:18,869 --> 00:06:21,320 Suze: many of you may have listened to that podcast and 82 00:06:21,329 --> 00:06:24,789 Suze: you went, I'm gonna buy P X D and you 83 00:06:24,799 --> 00:06:26,000 Suze: bought P X D 84 00:06:26,950 --> 00:06:30,970 Suze: and then you very rapidly saw it go from 220 85 00:06:30,980 --> 00:06:33,119 Suze: to 186 86 00:06:33,750 --> 00:06:38,739 Suze: and then you were freaking out. You did not stay 87 00:06:38,750 --> 00:06:42,440 Suze: grounded in the truth of why did you buy it? 88 00:06:42,450 --> 00:06:45,079 Suze: Did I not tell you if you are buying it, 89 00:06:45,089 --> 00:06:49,059 Suze: you're buying it for the dividend. Did I not say that? 90 00:06:49,480 --> 00:06:52,540 Suze: So now you buy something at 220 you're still getting 91 00:06:52,549 --> 00:06:56,640 Suze: a very nice dividend at this time. It drops to 186. 92 00:06:56,649 --> 00:07:01,250 Suze: Why does it drop to 186? Because W T I 93 00:07:01,260 --> 00:07:02,000 Suze: Crude 94 00:07:02,380 --> 00:07:08,500 Suze: dropped from $80 a barrel to $67 a barrel. 95 00:07:09,540 --> 00:07:13,609 Suze: Get it everybody. But you now are, should you sell it? 96 00:07:13,619 --> 00:07:16,190 Suze: Should you buy more? What should you do? 97 00:07:17,130 --> 00:07:22,660 Suze: You need to remember that when a stock goes down 98 00:07:23,910 --> 00:07:29,209 Suze: and you buy it, the dividend yield, it will pay 99 00:07:29,220 --> 00:07:34,010 Suze: you if all you paid is $186 a share for 100 00:07:34,019 --> 00:07:37,720 Suze: it is far greater than if you bought it at 101 00:07:37,730 --> 00:07:40,089 Suze: $220 a share. 102 00:07:41,040 --> 00:07:45,190 Suze: So if you are buying it for the dividend, it's 103 00:07:45,200 --> 00:07:49,070 Suze: now more than a month later. You know, I want 104 00:07:49,079 --> 00:07:52,750 Suze: you to dollar cost average into these markets. I do 105 00:07:52,760 --> 00:07:56,809 Suze: not want to see lump sum investments. You know, that 106 00:07:58,119 --> 00:08:05,390 Suze: What would have prevented you from buying it at $186 107 00:08:05,399 --> 00:08:06,230 Suze: a share? 108 00:08:07,470 --> 00:08:13,399 Suze: To dollar cost average down and increase your dividend? Oh, 109 00:08:13,410 --> 00:08:18,440 Suze: I'll tell you what stopped you fear. You got afraid 110 00:08:19,049 --> 00:08:24,899 Suze: and you forgot why you were buying this stock. 111 00:08:25,609 --> 00:08:28,170 Suze: And here we are. April 20th, 112 00:08:29,489 --> 00:08:34,039 Suze: W T I is back at $80 a barrel 113 00:08:34,690 --> 00:08:40,780 Suze: and P X D is back at $227 a share 114 00:08:40,859 --> 00:08:47,659 Suze: or really $7 more than it was on February 12th. Now, 115 00:08:47,830 --> 00:08:51,858 Suze: I've been talking about these stocks for a long, long time. 116 00:08:52,619 --> 00:08:55,630 Suze: I've been telling you that if you're going to do it, 117 00:08:55,640 --> 00:08:58,390 Suze: you should be dollar cost averaging in it. 118 00:08:59,099 --> 00:09:03,659 Suze: That doesn't mean that you need $284 a month to 119 00:09:03,669 --> 00:09:05,049 Suze: do it. Remember 120 00:09:06,010 --> 00:09:11,900 Suze: through many brokerage firms, discount brokerage firms, you can buy slices. 121 00:09:11,909 --> 00:09:14,500 Suze: We have talked about all of this, everybody. 122 00:09:15,119 --> 00:09:20,150 Suze: So let's say you had only $2000 that you wanted 123 00:09:20,159 --> 00:09:21,010 Suze: to invest. 124 00:09:21,960 --> 00:09:27,049 Suze: There would have been nothing wrong with you taking $20 125 00:09:27,059 --> 00:09:31,848 Suze: or $30 a month and buying a slice of P 126 00:09:31,859 --> 00:09:34,590 Suze: X D or whatever stock it is that you wanted 127 00:09:34,599 --> 00:09:39,080 Suze: to buy and every single month you just put that 128 00:09:39,090 --> 00:09:43,489 Suze: 20 or $30 in it over a year or two 129 00:09:43,500 --> 00:09:46,829 Suze: or $50 a month, whatever it is. 130 00:09:48,090 --> 00:09:53,890 Suze: So you would never hopefully have just had $300 to 131 00:09:53,900 --> 00:09:56,959 Suze: your name or whatever. And that's what you bought and 132 00:09:56,969 --> 00:09:58,700 Suze: that's it. And then you stopped. 133 00:09:59,309 --> 00:10:04,150 Suze: The way that you invest in markets like we are 134 00:10:04,159 --> 00:10:08,380 Suze: seeing right now. They are down, they are up, they 135 00:10:08,390 --> 00:10:11,530 Suze: are down, they are up. It is very possible that 136 00:10:11,539 --> 00:10:14,718 Suze: they could continue up here big time and then come 137 00:10:14,729 --> 00:10:16,479 Suze: way back down again. 138 00:10:17,739 --> 00:10:22,359 Suze: But the only way for you to really stay involved 139 00:10:22,380 --> 00:10:28,159 Suze: is by dollar cost averaging in to whatever it is that 140 00:10:28,169 --> 00:10:30,710 Suze: you want to purchase and I will reiterate 141 00:10:31,440 --> 00:10:34,770 Suze: if you wanted to do something like a P X D 142 00:10:35,549 --> 00:10:38,250 Suze: and you didn't have a lot of money. And now 143 00:10:38,260 --> 00:10:42,919 Suze: the shares are $200 and all you have is $200 144 00:10:43,429 --> 00:10:47,760 Suze: then buy a slice of it at $10 a month 145 00:10:48,030 --> 00:10:52,140 Suze: if that's what you wanted to do or invest a 146 00:10:52,150 --> 00:10:55,219 Suze: little bit in the X L E ETF. So you have 147 00:10:55,229 --> 00:10:58,359 Suze: some diversification as well. 148 00:10:59,530 --> 00:11:03,218 Suze: But no, you started to freak out. 149 00:11:04,200 --> 00:11:07,228 Suze: And then along with the fact that W T I 150 00:11:07,369 --> 00:11:12,049 Suze: started to go up, the rumors spread, what? That it's 151 00:11:12,059 --> 00:11:16,729 Suze: possible that Exxon may buy Pioneer. I still think that's 152 00:11:16,739 --> 00:11:21,580 Suze: just a rumor we'll see. But either way, Pioneer is 153 00:11:21,590 --> 00:11:23,530 Suze: an incredible company. 154 00:11:24,500 --> 00:11:28,189 Suze: The same is true with Devon. The same is true 155 00:11:28,200 --> 00:11:33,830 Suze: with Chevron. In fact, out of all the energy companies, 156 00:11:33,840 --> 00:11:38,650 Suze: if you did not care about the dividend, because Chevron 157 00:11:38,659 --> 00:11:42,250 Suze: really has only about a 3.5% dividend. And I say 158 00:11:42,260 --> 00:11:47,010 Suze: only in comparison to P X D and D V N. 159 00:11:48,140 --> 00:11:53,429 Suze: But out of all the oil companies, Chevron really is 160 00:11:53,440 --> 00:11:58,400 Suze: a leader in the industry and possibly one of the 161 00:11:58,409 --> 00:12:02,369 Suze: ones that you would invest in for growth while getting 162 00:12:02,380 --> 00:12:05,429 Suze: a little bit of income at the same time. 163 00:12:06,469 --> 00:12:11,939 Suze: So the lesson learned here is you cannot count on 164 00:12:11,950 --> 00:12:15,979 Suze: me to tell you when should you buy, when should 165 00:12:15,989 --> 00:12:19,119 Suze: you sell? All I can do, because I don't know 166 00:12:19,130 --> 00:12:21,098 Suze: your individual situations. 167 00:12:21,700 --> 00:12:25,530 Suze: I do not know the risk that you can take. 168 00:12:25,700 --> 00:12:30,150 Suze: I do not know what percentage of your entire holdings 169 00:12:30,159 --> 00:12:33,869 Suze: did you put here? Is it in a taxable account 170 00:12:33,900 --> 00:12:37,468 Suze: is in a tax deferred or tax free account? I 171 00:12:37,479 --> 00:12:41,429 Suze: don't know enough about it. I don't know when you 172 00:12:41,440 --> 00:12:45,098 Suze: bought it because let's say you just bought it outside 173 00:12:45,109 --> 00:12:48,890 Suze: of a retirement account. And I now tell you to 174 00:12:48,900 --> 00:12:49,630 Suze: sell 175 00:12:50,340 --> 00:12:53,989 Suze: and you've only owned it for one month. Now you're 176 00:12:54,000 --> 00:12:56,549 Suze: gonna owe ordinary income taxes on it. 177 00:12:57,409 --> 00:13:03,130 Suze: So all of those things go to deciding when you 178 00:13:03,140 --> 00:13:05,890 Suze: do or do not sell a stock. 179 00:13:06,710 --> 00:13:10,559 Suze: So I am never going to come on this podcast 180 00:13:10,570 --> 00:13:13,630 Suze: and say, all right, everybody sell P X D. All right, 181 00:13:13,640 --> 00:13:17,380 Suze: everybody now that let's buy it, let's everybody buy it. 182 00:13:18,669 --> 00:13:21,419 Suze: I am giving you the rules of the road, 183 00:13:22,190 --> 00:13:24,900 Suze: The rules of the road with the caution signs and 184 00:13:24,909 --> 00:13:28,340 Suze: the stop signs and the yield signs and the speed 185 00:13:28,349 --> 00:13:32,919 Suze: limits mainly are all comprised of 186 00:13:33,570 --> 00:13:39,080 Suze: what you need in your situation. But one rule of 187 00:13:39,090 --> 00:13:43,549 Suze: the road is all of you should be dollar cost averaging. 188 00:13:43,700 --> 00:13:47,699 Suze: Nobody in my opinion should have your foot on that 189 00:13:47,710 --> 00:13:50,819 Suze: gas pedal and you are speeding down that road and 190 00:13:50,830 --> 00:13:53,270 Suze: you have just put everything you have into it and 191 00:13:53,280 --> 00:13:57,450 Suze: that's all there is to it. No way, not here 192 00:13:57,460 --> 00:13:58,539 Suze: and not now. 193 00:13:59,239 --> 00:14:03,049 Suze: So all of you need to make decisions as to 194 00:14:03,260 --> 00:14:06,949 Suze: where is your money invested? How long have you invested it? 195 00:14:06,960 --> 00:14:09,770 Suze: Are you writing this all down in your Suze notebooks? 196 00:14:10,469 --> 00:14:15,119 Suze: What was the goal of you investing in these stocks? 197 00:14:16,380 --> 00:14:19,049 Suze: How do you feel about it? Does it make you scared? 198 00:14:19,059 --> 00:14:22,210 Suze: Do you need money for something? And then you have 199 00:14:22,219 --> 00:14:23,789 Suze: to make a decision. 200 00:14:24,609 --> 00:14:27,460 Suze: I've always said to all of you, if you hold 201 00:14:27,469 --> 00:14:31,200 Suze: a stock and you really don't know what to do. 202 00:14:31,849 --> 00:14:35,520 Suze: There's nothing wrong with selling half. Who cares, so sell 203 00:14:35,530 --> 00:14:37,219 Suze: half if that's your situation. 204 00:14:38,419 --> 00:14:38,830 Suze: But 205 00:14:39,719 --> 00:14:43,479 Suze: you cannot count on me to be telling you what 206 00:14:43,489 --> 00:14:48,799 Suze: to do. And I hope you understand why I can't. 207 00:14:49,280 --> 00:14:54,390 Suze: but I can tell you, I still like, W T I, 208 00:14:54,679 --> 00:14:59,020 Suze: I think it is entirely possible that W T I 209 00:14:59,030 --> 00:15:01,840 Suze: or oil or energy however you want to refer to 210 00:15:01,849 --> 00:15:07,739 Suze: it can absolutely go back up to possibly $100 a barrel. 211 00:15:08,770 --> 00:15:12,390 Suze: I just think there are still too many things that 212 00:15:12,400 --> 00:15:14,549 Suze: could go wrong out there. Number one, 213 00:15:15,190 --> 00:15:19,270 Suze: I think the United States has to refill its strategic 214 00:15:19,280 --> 00:15:24,659 Suze: petroleum reserve. You have OPEC that has cut down its production. 215 00:15:24,900 --> 00:15:30,299 Suze: You have many, many needs still for oil, for energy. 216 00:15:30,609 --> 00:15:35,200 Suze: So I don't feel uncomfortable holding it on any level. 217 00:15:35,690 --> 00:15:38,979 Suze: So I was actually happy when it went down to 218 00:15:39,250 --> 00:15:40,440 Suze: 186 219 00:15:41,119 --> 00:15:44,890 Suze: because that in my head was like, oh hopefully people 220 00:15:44,900 --> 00:15:47,609 Suze: who were either afraid to buy it or are dollar 221 00:15:47,619 --> 00:15:51,630 Suze: cost averaging in like they should be what a great opportunity. 222 00:15:52,099 --> 00:15:55,150 Suze: Or maybe you were one of the people that bought 223 00:15:55,159 --> 00:15:58,190 Suze: a share two or three at 284 and then you 224 00:15:58,200 --> 00:16:01,109 Suze: just got paralyzed as it started to go down. 225 00:16:01,890 --> 00:16:05,729 Suze: And then maybe you would have said, oh, at 186 226 00:16:05,880 --> 00:16:09,099 Suze: maybe I should buy another two shares or one share 227 00:16:09,109 --> 00:16:11,059 Suze: or whatever it is that you already own 228 00:16:11,869 --> 00:16:16,179 Suze: and dollar cost average down because then your average price 229 00:16:16,190 --> 00:16:20,140 Suze: would have been like 235 and you'd be almost even 230 00:16:20,150 --> 00:16:25,799 Suze: right now. Do you see everybody? So that's what you 231 00:16:25,809 --> 00:16:28,400 Suze: need to know about energy. 232 00:16:29,099 --> 00:16:32,780 Suze: You need to write down in your Suze notebooks and 233 00:16:32,789 --> 00:16:37,580 Suze: answer the questions. Why did you buy the stocks? What 234 00:16:37,590 --> 00:16:41,150 Suze: are your goals? Did you buy it for growth? Did 235 00:16:41,159 --> 00:16:43,849 Suze: you buy it for a dividend? Because I am here 236 00:16:43,859 --> 00:16:48,239 Suze: to tell you, there will be continued fluctuation. But this 237 00:16:48,250 --> 00:16:53,109 Suze: is still a sector that I believe in big time. 238 00:16:53,900 --> 00:16:57,390 Suze: All right, let's go on to the next part of 239 00:16:57,400 --> 00:17:03,429 Suze: Suze School, which is to buy or not to buy 240 00:17:03,440 --> 00:17:07,030 Suze: Series I Bonds. And many of you want to know 241 00:17:07,040 --> 00:17:10,968 Suze: to sell or not to sell your Series I Bonds. 242 00:17:11,609 --> 00:17:15,800 Suze: Let's just go back a little bit in time when 243 00:17:15,810 --> 00:17:21,609 Suze: I became I bond crazy. Seriously. It's all I talked about. 244 00:17:21,760 --> 00:17:25,239 Suze: Every interview I gave, it was about I bonds, I Bonds, 245 00:17:25,250 --> 00:17:29,219 Suze: I Bonds, I Bonds. And it really started back when 246 00:17:29,819 --> 00:17:34,260 Suze: inflation was projected to go up. It was so obvious. 247 00:17:34,270 --> 00:17:35,859 Suze: It wasn't even funny 248 00:17:36,500 --> 00:17:43,810 Suze: and I Bonds at that time were giving 7.12%. Now remember 249 00:17:44,560 --> 00:17:48,880 Suze: when you quote an interest rate, like 7.12% for an 250 00:17:48,890 --> 00:17:52,079 Suze: I Bond, that's an annualized yield. 251 00:17:52,880 --> 00:17:57,229 Suze: So back then, even for six months, because the rates 252 00:17:57,239 --> 00:18:01,189 Suze: remember are only good for six months. They change every 253 00:18:01,270 --> 00:18:05,160 Suze: May 1st as they're going to do very shortly here 254 00:18:05,170 --> 00:18:07,050 Suze: and November 1st. All right. 255 00:18:07,739 --> 00:18:13,160 Suze: So that meant for six months, one would get 3.56%. 256 00:18:13,680 --> 00:18:16,530 Suze: But with inflation going up, 257 00:18:17,359 --> 00:18:22,170 Suze: it just seemed that was a no brainer. So I 258 00:18:22,180 --> 00:18:25,179 Suze: was like all of you continue to buy I Bonds, 259 00:18:25,189 --> 00:18:27,369 Suze: buy I Bonds. This is how you buy I Bonds, 260 00:18:27,380 --> 00:18:28,670 Suze: I Bonds, I Bonds. 261 00:18:29,689 --> 00:18:37,280 Suze: So then the rate went to 9.62% annualized, which really 262 00:18:37,290 --> 00:18:42,659 Suze: broke down to a 4.81% for six months. 263 00:18:43,339 --> 00:18:47,469 Suze: So between those two for the year, oh my God, 264 00:18:47,479 --> 00:18:50,689 Suze: you are getting such a great rate. 265 00:18:51,900 --> 00:18:55,109 Suze: And then in November, 266 00:18:55,800 --> 00:19:01,209 Suze: that rate then changed because now inflation started to come down. 267 00:19:01,589 --> 00:19:10,329 Suze: And now we were back at 6.89% or 3.45% because again, 268 00:19:10,339 --> 00:19:15,300 Suze: it's for six months. Now, not a bad rate but 269 00:19:15,310 --> 00:19:21,160 Suze: not a really great rate like it was because why? 270 00:19:21,199 --> 00:19:23,770 Suze: Inflation seems to be cooling 271 00:19:24,410 --> 00:19:29,139 Suze: rather than heating up. So before it was a very 272 00:19:29,150 --> 00:19:33,300 Suze: easy decision, buy, I Bonds, buy I Bonds, it's ok. 273 00:19:33,310 --> 00:19:36,459 Suze: Even if you have to pay a three month interest 274 00:19:36,469 --> 00:19:40,069 Suze: penalty to get out. If you just wait enough until 275 00:19:40,079 --> 00:19:43,520 Suze: interest rates go down or inflation goes down, your three 276 00:19:43,530 --> 00:19:46,050 Suze: month interest penalty could be nothing and you'll be very 277 00:19:46,060 --> 00:19:47,579 Suze: happy that you did this. 278 00:19:48,430 --> 00:19:54,380 Suze: But now the question becomes: ok, you have until about 279 00:19:54,390 --> 00:19:57,478 Suze: one week from now. Really you might want, if you're 280 00:19:57,489 --> 00:19:59,829 Suze: gonna do it, you need to do it sooner than later. 281 00:20:00,229 --> 00:20:05,239 Suze: Should you put more money into a Series I Bond right 282 00:20:05,250 --> 00:20:08,300 Suze: now at 6.89%? 283 00:20:09,300 --> 00:20:09,899 Suze: Now 284 00:20:10,540 --> 00:20:14,349 Suze: we already know that come May 1st 285 00:20:15,119 --> 00:20:20,188 Suze: that probably the renewal rate that you will absolutely get 286 00:20:20,300 --> 00:20:27,300 Suze: if you invest at 6.89% right now or 3.45%, because 287 00:20:27,310 --> 00:20:29,149 Suze: remember you only get half of that 288 00:20:29,969 --> 00:20:38,140 Suze: will be 3.38% right around there or approximately 1.89%. 289 00:20:39,099 --> 00:20:41,160 Suze: I could go on and explain how they get these 290 00:20:41,170 --> 00:20:42,010 Suze: interest rates. 291 00:20:42,589 --> 00:20:44,659 Suze: I don't care if you know about that or not. 292 00:20:45,099 --> 00:20:48,099 Suze: What I care about is that first of all that 293 00:20:48,109 --> 00:20:51,040 Suze: you understand when it comes to an I Bond 294 00:20:51,699 --> 00:20:54,510 Suze: that your money is locked up for 12 months, you 295 00:20:54,520 --> 00:20:56,310 Suze: cannot touch it no matter what, 296 00:20:56,949 --> 00:21:00,089 Suze: What I want you to understand about an I Bond, is 297 00:21:00,099 --> 00:21:04,400 Suze: that for the next four years, you cannot take your 298 00:21:04,410 --> 00:21:10,000 Suze: money out without what? Without a three month interest penalty. 299 00:21:10,630 --> 00:21:12,929 Suze: I want you to understand when it comes to I 300 00:21:12,939 --> 00:21:16,109 Suze: Bonds and I don't care what anybody says. It's still 301 00:21:16,119 --> 00:21:20,920 Suze: a hassle to deal in most cases with Treasury Direct, 302 00:21:20,930 --> 00:21:25,770 Suze: not just to buy them, but to redeem them as well. 303 00:21:25,780 --> 00:21:31,160 Suze: Not the easiest thing if you changed your bank, for instance. 304 00:21:31,170 --> 00:21:32,639 Suze: Let's just say 305 00:21:33,130 --> 00:21:37,479 Suze: that you're somebody who got afraid after S V B, 306 00:21:37,489 --> 00:21:41,479 Suze: the Silicon Valley Bank went up and, and whatever and 307 00:21:41,489 --> 00:21:45,800 Suze: you wanted to just change banks. But when you originally 308 00:21:45,810 --> 00:21:50,709 Suze: bought your I Bonds, you had to put the bank 309 00:21:50,719 --> 00:21:54,790 Suze: that the money came from, so that when you redeemed 310 00:21:54,800 --> 00:21:57,640 Suze: that would be the bank that the money would have 311 00:21:57,650 --> 00:21:58,859 Suze: to go back to 312 00:21:59,199 --> 00:22:03,670 Suze: What if you voluntarily changed your bank from X to 313 00:22:03,680 --> 00:22:09,010 Suze: Y and that's not the bank that's registered with Treasury 314 00:22:09,020 --> 00:22:12,550 Suze: Direct dot gov. Now, we have a hassle, now we 315 00:22:12,560 --> 00:22:15,260 Suze: have to change it. Now, there are all these things 316 00:22:15,270 --> 00:22:17,129 Suze: that we have to do. 317 00:22:18,010 --> 00:22:21,819 Suze: Those are the things that you need to know when 318 00:22:21,829 --> 00:22:24,800 Suze: investing in, an I Bond 319 00:22:25,489 --> 00:22:29,719 Suze: And yes, I understand that I Bonds are tax deferred 320 00:22:29,729 --> 00:22:33,270 Suze: in most cases unless you sign up to pay taxes yearly, 321 00:22:33,280 --> 00:22:38,189 Suze: which is also a hassle truthfully, but it's tax deferred. 322 00:22:38,199 --> 00:22:41,420 Suze: I get that you never will pay state or local 323 00:22:41,430 --> 00:22:43,040 Suze: income taxes on it. 324 00:22:44,260 --> 00:22:48,819 Suze: But it also could be quite a tax hit if 325 00:22:48,829 --> 00:22:51,989 Suze: you let these bonds sit like I have for many 326 00:22:52,000 --> 00:22:52,989 Suze: years now, 327 00:22:53,640 --> 00:22:57,169 Suze: you know, over 20 years, lots of money is in 328 00:22:57,180 --> 00:23:00,329 Suze: there now and when I do go to redeem them, 329 00:23:00,339 --> 00:23:04,229 Suze: it's going to be a serious tax hit. So you 330 00:23:04,239 --> 00:23:07,849 Suze: need to understand all of those things. 331 00:23:08,619 --> 00:23:11,750 Suze: If you were to buy right now, the new I 332 00:23:11,760 --> 00:23:17,708 Suze: Bond that's out there at 6.89% annualized or 3.45%. 333 00:23:18,400 --> 00:23:23,109 Suze: You would also know that six months after you purchased it, 334 00:23:23,780 --> 00:23:28,310 Suze: your money would be earning 1.89%. 335 00:23:29,920 --> 00:23:34,140 Suze: All right. Not so bad, if you combined all of that, 336 00:23:34,150 --> 00:23:37,689 Suze: it's around a 5.4% interest rate. 337 00:23:38,469 --> 00:23:38,959 Suze: But 338 00:23:39,709 --> 00:23:43,599 Suze: is it really worth it? Because remember you also have 339 00:23:43,609 --> 00:23:46,919 Suze: that three month interest penalty if you need the money 340 00:23:47,619 --> 00:23:49,949 Suze: for the next four years. 341 00:23:51,000 --> 00:23:55,030 Suze: So, what I know about I Bonds at this particular 342 00:23:55,040 --> 00:23:59,270 Suze: point with new money is that it is not as 343 00:23:59,280 --> 00:24:05,250 Suze: attractive to many of you as it was a year 344 00:24:05,260 --> 00:24:09,630 Suze: or two ago. That's number one. Number two, it is 345 00:24:09,640 --> 00:24:10,650 Suze: possible 346 00:24:11,089 --> 00:24:14,719 Suze: that you might be able to get higher interest rates 347 00:24:14,729 --> 00:24:18,948 Suze: in many, many different places. You have for instance, if 348 00:24:18,959 --> 00:24:22,119 Suze: you just want to compare apples to apples and stick 349 00:24:22,130 --> 00:24:25,800 Suze: with the treasuries, you know, you could do a one 350 00:24:25,810 --> 00:24:30,649 Suze: year treasury at 4.8% just saying right now, 351 00:24:31,390 --> 00:24:35,429 Suze: which would probably be a little bit better because the 352 00:24:35,439 --> 00:24:37,719 Suze: money would mature in one year. 353 00:24:38,380 --> 00:24:42,030 Suze: Then if you did this series I Bond and you 354 00:24:42,040 --> 00:24:45,430 Suze: needed to come out one year from now 355 00:24:46,099 --> 00:24:49,849 Suze: with the penalty, maybe you'd be at 4.54 point four, 356 00:24:49,859 --> 00:24:54,030 Suze: something like that depending on what that penalty would be. 357 00:24:55,150 --> 00:24:58,599 Suze: So I just don't know 358 00:24:59,500 --> 00:25:04,270 Suze: if in the majority of cases, it's really, really worth it. 359 00:25:04,280 --> 00:25:09,530 Suze: Given that we know what the new rate is going 360 00:25:09,540 --> 00:25:14,949 Suze: to be. Now, you have two choices. Obviously, if you 361 00:25:14,959 --> 00:25:20,010 Suze: already purchased the I Bond for this year, then fine, 362 00:25:20,020 --> 00:25:23,939 Suze: no problem. You know that come May or six months 363 00:25:23,949 --> 00:25:26,649 Suze: from when you purchase your new rate for the next 364 00:25:26,660 --> 00:25:29,129 Suze: six months are going to be 189. 365 00:25:30,050 --> 00:25:36,239 Suze: So the question really becomes, should you be purchasing an 366 00:25:36,250 --> 00:25:40,180 Suze: I Bond if you haven't already purchased your maximum for the 367 00:25:40,189 --> 00:25:46,920 Suze: 6.89 annualized or the 3.5% actual yield, knowing that you're 368 00:25:46,930 --> 00:25:52,819 Suze: only going to be getting 3.38% annualized or 1.89% actual. 369 00:25:54,060 --> 00:25:58,409 Suze: And I have to tell you in the majority of cases, 370 00:25:59,650 --> 00:26:03,589 Suze: I wouldn't be doing it. Remember when Sheila Bair was 371 00:26:03,599 --> 00:26:04,939 Suze: on the podcast 372 00:26:05,619 --> 00:26:08,790 Suze: and I asked her outright, this was just a few 373 00:26:08,800 --> 00:26:13,469 Suze: months ago. Would you be purchasing these right now? Because 374 00:26:13,479 --> 00:26:16,380 Suze: remember she told us the story about how she did 375 00:26:16,390 --> 00:26:21,919 Suze: everything she could to get into the 9.62% one, for 376 00:26:21,930 --> 00:26:26,349 Suze: her son. Would you be buying again? And she said, no. 377 00:26:27,430 --> 00:26:30,989 Suze: I don't know when I hear somebody like a Sheila 378 00:26:31,000 --> 00:26:34,750 Suze: Bair who was the chairman of the FDIC, et cetera, 379 00:26:34,760 --> 00:26:39,899 Suze: et cetera say no, I have to think deeply as 380 00:26:39,910 --> 00:26:44,819 Suze: to why would I, when there are so many other 381 00:26:44,829 --> 00:26:46,639 Suze: alternatives out there 382 00:26:47,439 --> 00:26:52,589 Suze: that really would give you in the long run, access 383 00:26:52,599 --> 00:26:55,500 Suze: to your money without any penalties 384 00:26:56,339 --> 00:27:00,770 Suze: as well as a really good interest rate. 385 00:27:01,380 --> 00:27:05,449 Suze: And you are investing in the known because when it 386 00:27:05,459 --> 00:27:07,630 Suze: comes to a Series I Bond, 387 00:27:08,660 --> 00:27:14,329 Suze: it's really, you're investing in the unknown, if you ask me. 388 00:27:14,810 --> 00:27:18,010 Suze: The unknown is what is inflation going to do? 389 00:27:18,890 --> 00:27:22,790 Suze: The unknown, what is your situation? And can it change? And 390 00:27:22,800 --> 00:27:25,579 Suze: will you need access to that money? And then will 391 00:27:25,589 --> 00:27:27,179 Suze: you have to pay a penalty? 392 00:27:28,010 --> 00:27:32,739 Suze: The unknown are so many things, in my opinion, with 393 00:27:32,750 --> 00:27:36,969 Suze: an I Bond . I've come to the conclusion, you can 394 00:27:36,979 --> 00:27:38,458 Suze: do it if you want to. 395 00:27:39,369 --> 00:27:43,890 Suze: But I have to tell you not my favorite investment 396 00:27:43,900 --> 00:27:45,260 Suze: any more. 397 00:27:45,949 --> 00:27:50,310 Suze: For those of you who purchased I Bonds at 7.12 398 00:27:50,469 --> 00:27:54,719 Suze: annualized, and or 9.62% annualized. Are you kidding? You are not going to sell those! 399 00:27:55,189 --> 00:27:58,800 Suze: You are just going to keep them. Do you hear me? 400 00:27:58,810 --> 00:28:03,170 Suze: So I'm not going to even answer those questions at 401 00:28:03,180 --> 00:28:08,400 Suze: all at this point in time. It's just ridiculous. Leave 402 00:28:08,410 --> 00:28:12,909 Suze: your money there unless it is a true emergency and 403 00:28:12,920 --> 00:28:15,020 Suze: you need to take it out. 404 00:28:15,400 --> 00:28:17,130 Suze: If that is true, 405 00:28:17,829 --> 00:28:22,790 Suze: then depending on where you are in your interest rate cycle, 406 00:28:23,020 --> 00:28:27,979 Suze: at least wait till you're three months into the new 407 00:28:27,989 --> 00:28:31,079 Suze: renewal rate at 1.89% 408 00:28:31,810 --> 00:28:38,219 Suze: because then your penalty would only be half of the 1.89%. 409 00:28:38,609 --> 00:28:43,239 Suze: That's when you would redeem if you had to redeem. Also, 410 00:28:43,250 --> 00:28:48,459 Suze: for those of you who gifted I Bonds to your 411 00:28:48,469 --> 00:28:53,900 Suze: spouse or whoever and you haven't delivered them yet this year, 412 00:28:54,520 --> 00:28:58,089 Suze: this would be a great time for you to deliver them, maybe. 413 00:28:58,910 --> 00:29:02,609 Suze: Right, since maybe that person isn't going to be taking 414 00:29:02,619 --> 00:29:06,859 Suze: $10,000 and buying an I Bond now. So just something 415 00:29:06,869 --> 00:29:09,609 Suze: for you to think about. And again, there are many 416 00:29:09,619 --> 00:29:14,469 Suze: past podcasts that will teach you about gifting I Bonds 417 00:29:14,479 --> 00:29:19,079 Suze: as well as delivering them. So it's really very simple 418 00:29:19,089 --> 00:29:23,140 Suze: for me. I Bonds are not, let's do I Bonds, 419 00:29:23,150 --> 00:29:24,260 Suze: let's do I Bonds. 420 00:29:24,680 --> 00:29:28,510 Suze: Sorry everybody, I'm gonna take a pass on them at 421 00:29:28,520 --> 00:29:30,250 Suze: this point in time 422 00:29:31,079 --> 00:29:34,369 Suze: For money that you want safe and sound 423 00:29:35,050 --> 00:29:39,660 Suze: is I'm not taking a pass on treasuries. I'm not 424 00:29:39,670 --> 00:29:44,640 Suze: taking a pass on certificates of deposits. However, I am 425 00:29:44,650 --> 00:29:49,339 Suze: changing a few thoughts about three and six month treasuries 426 00:29:49,349 --> 00:29:53,170 Suze: or CDs and what I was telling you to do before. 427 00:29:53,599 --> 00:29:57,880 Suze: When S V B went belly up, it really changed 428 00:29:57,890 --> 00:30:01,060 Suze: the landscape of interest rates, 429 00:30:01,500 --> 00:30:06,430 Suze: credit all kinds of things for quite a while. And 430 00:30:06,439 --> 00:30:10,949 Suze: nobody really can decipher, are banks gonna continue to fail? 431 00:30:10,959 --> 00:30:16,709 Suze: What's happening in the economy? Everybody can give you their opinion. 432 00:30:16,819 --> 00:30:21,459 Suze: Before that happened, the strategy was, of course, interest rates 433 00:30:21,469 --> 00:30:26,069 Suze: are gonna continue up. Absolutely. So why lock your money 434 00:30:26,079 --> 00:30:27,689 Suze: up for a long time? 435 00:30:27,939 --> 00:30:30,400 Suze: Just do a three month and a six month and 436 00:30:30,410 --> 00:30:33,910 Suze: when they mature we can go longer term. 437 00:30:34,949 --> 00:30:37,400 Suze: Well, I've changed that strategy 438 00:30:38,089 --> 00:30:41,680 Suze: And now what I think you should do is go 439 00:30:41,689 --> 00:30:45,579 Suze: a little bit longer term. Hey, if you are willing 440 00:30:45,589 --> 00:30:48,410 Suze: to lock your money up in a Series I Bond 441 00:30:48,420 --> 00:30:51,569 Suze: for a year, why not lock your money up in 442 00:30:51,579 --> 00:30:55,760 Suze: a one year Treasury or why not lock your money 443 00:30:55,770 --> 00:31:00,660 Suze: up in Alliant Credit Union's one year CD depending on 444 00:31:00,670 --> 00:31:03,160 Suze: your state that you live in your situation, but why 445 00:31:03,170 --> 00:31:04,239 Suze: not do that? 446 00:31:05,260 --> 00:31:10,349 Suze: And in fact, what I did decide is this, 447 00:31:11,430 --> 00:31:14,780 Suze: I sat down with Alliant and I had a long, 448 00:31:14,800 --> 00:31:16,760 Suze: long talk with them 449 00:31:17,699 --> 00:31:22,119 Suze: and I do understand that for many of you, it 450 00:31:22,130 --> 00:31:26,750 Suze: is still very difficult for whatever reasons to buy treasuries. 451 00:31:26,760 --> 00:31:30,829 Suze: I get that for those of you that it's not ok. 452 00:31:31,469 --> 00:31:35,160 Suze: But if you were to look at the interest rate 453 00:31:35,170 --> 00:31:41,329 Suze: seriously of long term treasuries, you would see that the 454 00:31:41,339 --> 00:31:46,750 Suze: interest rate goes down dramatically like a two year treasury 455 00:31:46,760 --> 00:31:49,859 Suze: right now is at like 4.2%. 456 00:31:50,849 --> 00:31:54,500 Suze: So what I would like to see you do, believe 457 00:31:54,510 --> 00:32:00,339 Suze: it or not is take advantage of what I'm calling 458 00:32:00,479 --> 00:32:08,219 Suze: the Suze Ultimate CD Ladder Opportunity at Alliant Credit Union. Again, 459 00:32:08,229 --> 00:32:12,280 Suze: I am going to reiterate, I do not make one 460 00:32:12,290 --> 00:32:14,459 Suze: penny if you do this, 461 00:32:15,270 --> 00:32:20,800 Suze: but I am sticking with Alliant Credit Union because I 462 00:32:20,810 --> 00:32:23,040 Suze: know that your money is safe there. 463 00:32:23,719 --> 00:32:26,189 Suze: I actually don't care and I want you all to 464 00:32:26,199 --> 00:32:29,369 Suze: listen to me right now. I don't want you to 465 00:32:29,380 --> 00:32:33,390 Suze: be investors that you go for, oh, I could get 466 00:32:33,400 --> 00:32:37,829 Suze: 4.15 here. I could get 4.35 here. I can get 467 00:32:37,839 --> 00:32:40,650 Suze: this here that here and you are changing your money 468 00:32:40,660 --> 00:32:41,569 Suze: all the time. 469 00:32:42,300 --> 00:32:44,469 Suze: You're going all the hassle to do that. 470 00:32:45,310 --> 00:32:46,869 Suze: I want to know 471 00:32:47,530 --> 00:32:50,920 Suze: not that you have a high interest rate that maybe 472 00:32:50,930 --> 00:32:54,300 Suze: somebody is offering you and then they lower it. I 473 00:32:54,310 --> 00:32:58,530 Suze: want to know that the financial institution that you are 474 00:32:58,540 --> 00:33:03,150 Suze: invested in isn't going for the highest rate, everybody, 475 00:33:03,790 --> 00:33:08,020 Suze: But they're going for the safest rate to make sure 476 00:33:08,030 --> 00:33:11,280 Suze: that if there was ever a run, if anything happened, 477 00:33:11,569 --> 00:33:16,469 Suze: that financial institution would be absolutely safe and sound because 478 00:33:16,479 --> 00:33:22,150 Suze: they didn't extend beyond a comfortable interest rate. It is 479 00:33:22,160 --> 00:33:26,439 Suze: really just that simple and I know that is true 480 00:33:26,449 --> 00:33:28,459 Suze: with all credit union. 481 00:33:29,329 --> 00:33:32,260 Suze: So, in talking to them, I said, you know what 482 00:33:32,270 --> 00:33:34,780 Suze: I really would like people to do right now. 483 00:33:35,890 --> 00:33:39,729 Suze: I said they could either invest for that one year 484 00:33:39,739 --> 00:33:43,900 Suze: at 5%. That's fine because if you look around, that 485 00:33:43,910 --> 00:33:46,880 Suze: is one of the highest interest rates on a 12 486 00:33:46,890 --> 00:33:51,750 Suze: month certificate of deposit right now. Or I would like 487 00:33:51,760 --> 00:33:53,540 Suze: them to have a ladder. 488 00:33:54,250 --> 00:33:56,880 Suze: I would like them to be able to invest in 489 00:33:56,890 --> 00:33:59,410 Suze: a six month, forget the three month now because it's 490 00:33:59,420 --> 00:34:03,520 Suze: too short term that they could do a six month, 491 00:34:03,530 --> 00:34:06,579 Suze: a 12 month, an 18 month CD. 492 00:34:07,489 --> 00:34:11,419 Suze: So that every six months there was money coming due 493 00:34:12,300 --> 00:34:16,330 Suze: and then we could see what happens where interest rates go. 494 00:34:16,340 --> 00:34:19,229 Suze: If they happen to go up, then the six month 495 00:34:19,239 --> 00:34:22,649 Suze: gets reinvested again. If they happen to go down, at 496 00:34:22,659 --> 00:34:24,908 Suze: least we have a 12 and an 18 month. 497 00:34:25,820 --> 00:34:28,110 Suze: So the interest rates currently 498 00:34:28,830 --> 00:34:35,000 Suze: on a six month CD at Alliant Credit Union is 4.75%. 499 00:34:35,638 --> 00:34:40,489 Suze: The 12 month is at 5% and the 18 month 500 00:34:40,498 --> 00:34:45,589 Suze: is at 5.15%. And again, I don't think you'll find 501 00:34:45,678 --> 00:34:48,569 Suze: that 18 month rate anywhere. 502 00:34:49,879 --> 00:34:53,888 Suze: So that is the ladder that I'd like to see 503 00:34:53,899 --> 00:34:57,649 Suze: you do. Hey, if all you have is $3000 to 504 00:34:57,659 --> 00:34:58,290 Suze: your name, 505 00:34:59,100 --> 00:35:02,989 Suze: you could put $1000 in each one for those of 506 00:35:03,000 --> 00:35:08,020 Suze: you who still want short term. All right, the three 507 00:35:08,030 --> 00:35:13,509 Suze: month is at 4.50. Still easy to buy to do 508 00:35:13,520 --> 00:35:16,949 Suze: whatever you need to do with it. You do this 509 00:35:17,169 --> 00:35:22,810 Suze: by going to my alliant, that's A L L I 510 00:35:22,820 --> 00:35:24,149 Suze: A N T 511 00:35:24,649 --> 00:35:30,939 Suze: my alliant dot com slash ultimate. That's something that I 512 00:35:30,949 --> 00:35:34,280 Suze: would like you to do because then you would be 513 00:35:34,290 --> 00:35:39,219 Suze: averaging really close to 5%. But with still liquidity to 514 00:35:39,229 --> 00:35:45,229 Suze: your money coming due every six months. Obviously, the three 515 00:35:45,239 --> 00:35:48,879 Suze: month is still available to you. Not a big deal. 516 00:35:48,889 --> 00:35:50,799 Suze: And I just want to say for all of you 517 00:35:50,810 --> 00:35:53,580 Suze: who are wondering what should you do 518 00:35:53,939 --> 00:35:57,429 Suze: with the three month when it comes due? You're still 519 00:35:57,439 --> 00:35:59,069 Suze: about one month away. 520 00:36:00,090 --> 00:36:03,860 Suze: I will tell you what the renewal rates will be. 521 00:36:03,899 --> 00:36:06,120 Suze: So then you'll be able to make a decision if 522 00:36:06,129 --> 00:36:09,219 Suze: you just want to do three months again, but just 523 00:36:09,229 --> 00:36:11,659 Suze: sit on it for now. 524 00:36:12,280 --> 00:36:15,080 Suze: All right, those are my thoughts. 525 00:36:16,429 --> 00:36:19,060 Suze: Did I drive you all crazy with them all? But 526 00:36:19,070 --> 00:36:22,320 Suze: now you know what I am thinking. All right, this 527 00:36:22,330 --> 00:36:27,479 Suze: Sunday we did a little switcheroo on you, KT will 528 00:36:27,489 --> 00:36:31,819 Suze: be here to do what? Ask KT and Suze Anything 529 00:36:31,830 --> 00:36:35,600 Suze: and then we'll be back on schedule next Thursday with 530 00:36:35,610 --> 00:36:41,120 Suze: Ask KT and Suze. But now, you know, so 531 00:36:41,629 --> 00:36:44,850 Suze: there's really only one thing that I want you to 532 00:36:44,860 --> 00:36:51,389 Suze: say every single day. And it is this today, wherever 533 00:36:51,399 --> 00:36:56,819 Suze: I go, I will create a more joyful, peaceful and 534 00:36:56,830 --> 00:37:01,919 Suze: loving world. And if you do that, I promise you 535 00:37:02,060 --> 00:37:05,299 Suze: you will be unstoppable. 536 00:37:10,739 --> 00:37:11,050 Music: Music Out.