1 00:00:29,149 --> 00:00:35,009 Suze: October 29th, 2023. Welcome everybody to the Women and Money 2 00:00:35,020 --> 00:00:41,339 Suze: podcast as well as everybody. Smart enough to listen, Suze. Oh, 3 00:00:41,348 --> 00:00:46,740 Suze: here and today is Suze School. Good news is number one. 4 00:00:46,790 --> 00:00:49,650 Suze: Both KT and I are back from New York. I'll 5 00:00:49,659 --> 00:00:51,019 Suze: tell you about that in a second. 6 00:00:51,369 --> 00:00:54,490 Suze: But if you go on the Women and Money Community 7 00:00:54,500 --> 00:00:57,389 Suze: app or you follow me on Instagram or wherever you 8 00:00:57,400 --> 00:01:04,150 Suze: may follow me, you saw KT is healthy. She's back 9 00:01:04,160 --> 00:01:09,510 Suze: truthfully everybody and will absolutely be here on Thursday for 10 00:01:09,519 --> 00:01:12,509 Suze: Ask KT and Suze Anything. 11 00:01:13,370 --> 00:01:17,330 Suze: However, first, let's talk about New York now. New York 12 00:01:17,339 --> 00:01:22,848 Suze: was really the first time in three years that I 13 00:01:22,860 --> 00:01:27,120 Suze: appeared on a live television set. Sure. Sure. Over the 14 00:01:27,129 --> 00:01:29,830 Suze: last three years I've done a lot of Zoom and TV, 15 00:01:29,839 --> 00:01:33,910 Suze: that way. But that's very different than walking into a studio, 16 00:01:34,010 --> 00:01:37,639 Suze: sitting down the cameras go on and you are live. 17 00:01:37,650 --> 00:01:41,949 Suze: It is out there and there's just something about that 18 00:01:42,389 --> 00:01:46,459 Suze: and I loved it. And if you watched my segment 19 00:01:46,470 --> 00:01:50,300 Suze: on CNBC, you could see I was lighting up that 20 00:01:50,309 --> 00:01:54,959 Suze: entire studio with how excited I happened to be. 21 00:01:55,949 --> 00:01:59,529 Suze: Also, I did tape about a 20 minute or 30 22 00:01:59,540 --> 00:02:03,989 Suze: minute interview with Chris Wallace and that will go live 23 00:02:04,000 --> 00:02:07,809 Suze: on Max. It's streaming and it will go live on 24 00:02:07,819 --> 00:02:11,630 Suze: November 3rd and it was a fabulous interview. So I 25 00:02:11,639 --> 00:02:15,889 Suze: hope all of you tune in November 3rd or whenever 26 00:02:15,899 --> 00:02:20,970 Suze: you can and watch that. I have to admit. However, 27 00:02:21,059 --> 00:02:23,168 Suze: my favorite event 28 00:02:23,479 --> 00:02:27,470 Suze: was the luncheon that I went to for the 50 over 50 29 00:02:27,619 --> 00:02:32,049 Suze: the 50 women that were named for 2023 that are 30 00:02:32,059 --> 00:02:33,449 Suze: over 50 31 00:02:34,119 --> 00:02:39,619 Suze: that are changing the world. And I don't even know 32 00:02:39,630 --> 00:02:43,360 Suze: how to explain what happened that day, but maybe it's 33 00:02:43,369 --> 00:02:47,079 Suze: because people haven't seen me in a long time or whatever. 34 00:02:47,089 --> 00:02:52,419 Suze: But the love that was showered upon me and the 35 00:02:52,429 --> 00:02:57,779 Suze: accolades were just truly, truly overwhelming. 36 00:02:58,339 --> 00:03:02,049 Suze: So I'm happy to also announce that in March, I 37 00:03:02,059 --> 00:03:05,389 Suze: think it's March 8th. They do the really big event 38 00:03:05,399 --> 00:03:10,119 Suze: in Abu Dhabi and KT and I will be going 39 00:03:10,130 --> 00:03:12,800 Suze: to that. So overall, 40 00:03:13,520 --> 00:03:18,679 Suze: it was really, really successful, business wise and on the 41 00:03:18,690 --> 00:03:24,660 Suze: personal level, I got to meet Sophia, our niece's boyfriend 42 00:03:24,669 --> 00:03:28,630 Suze: and her two roommates, all of which got the Aunt 43 00:03:28,639 --> 00:03:33,639 Suze: Suze and KT Stamp of Approved. So that was also 44 00:03:33,649 --> 00:03:38,699 Suze: kind of great. But now we are back and here 45 00:03:38,710 --> 00:03:39,979 Suze: we go, 46 00:03:40,649 --> 00:03:46,289 Suze: October 29th, 2 days before Halloween. And you know how 47 00:03:46,300 --> 00:03:50,470 Suze: the theme for Halloween is always trick or treat. 48 00:03:51,600 --> 00:03:54,899 Suze: Well, that is exactly, in my opinion, 49 00:03:55,520 --> 00:03:58,899 Suze: the exact same theme that you could attach to the 50 00:03:58,910 --> 00:04:02,678 Suze: stock market these days. One day it's up and it's 51 00:04:02,690 --> 00:04:04,300 Suze: up and it gives us a treat 52 00:04:04,970 --> 00:04:06,800 Suze: and then all of a sudden it tricks us because 53 00:04:06,809 --> 00:04:10,050 Suze: then it goes down and down and down and it 54 00:04:10,059 --> 00:04:13,570 Suze: goes up and it goes down last Friday, it closed 55 00:04:13,580 --> 00:04:19,229 Suze: seriously down. And then you write me and you say, Suze, 56 00:04:19,940 --> 00:04:24,589 Suze: you have got to talk about how crazy these markets 57 00:04:24,600 --> 00:04:28,200 Suze: are and what we should be doing. 58 00:04:29,420 --> 00:04:33,609 Suze: And I read that and I think about that and 59 00:04:33,619 --> 00:04:35,839 Suze: I think back to one of the greatest things that 60 00:04:35,850 --> 00:04:40,040 Suze: I learned over my years of being on this great 61 00:04:40,049 --> 00:04:47,000 Suze: planet is you cannot rationalize with an air rational person. 62 00:04:48,670 --> 00:04:53,630 Suze: And I say that because number one, it's true. But 63 00:04:53,640 --> 00:04:58,049 Suze: you all have to remember that the stock market is 64 00:04:58,059 --> 00:05:03,609 Suze: made up of people, people who buy people who sell 65 00:05:04,529 --> 00:05:08,700 Suze: and you have to imagine what they're going through right now. 66 00:05:08,709 --> 00:05:12,690 Suze: Most of them are being totally irrational. 67 00:05:13,399 --> 00:05:16,320 Suze: They get afraid when the market goes down rather than 68 00:05:16,329 --> 00:05:20,140 Suze: be happy that the market's going down. They get exuberant 69 00:05:20,149 --> 00:05:21,899 Suze: when the market is up. 70 00:05:22,660 --> 00:05:25,880 Suze: But yet are they buying, what are they doing? 71 00:05:26,570 --> 00:05:31,190 Suze: And the truth of the matter is people are dictated 72 00:05:31,589 --> 00:05:37,768 Suze: by what's happening in the world. People's emotions are dictated 73 00:05:37,799 --> 00:05:41,149 Suze: by what's happening also in their personal life and the 74 00:05:41,160 --> 00:05:44,440 Suze: needs and the financial needs that they may have. Do 75 00:05:44,450 --> 00:05:46,570 Suze: they have a job where they just laid off? Are 76 00:05:46,579 --> 00:05:49,170 Suze: they going to get divorced? Was there a death? Was 77 00:05:49,178 --> 00:05:53,549 Suze: there an illness and all of these things come to 78 00:05:53,559 --> 00:05:54,230 Suze: play 79 00:05:55,070 --> 00:05:58,000 Suze: in the stock market's moves? 80 00:05:58,899 --> 00:06:02,600 Suze: But what always strikes me as really, really funny 81 00:06:03,459 --> 00:06:08,518 Suze: is that all of you, even though you have 10, 20 82 00:06:08,529 --> 00:06:13,320 Suze: or 30 years till you need this money, maybe even more. 83 00:06:13,899 --> 00:06:18,859 Suze: You are only feeling great like it's a treat when 84 00:06:18,869 --> 00:06:23,950 Suze: the market is going up and up and up and up. 85 00:06:24,769 --> 00:06:27,969 Suze: And I sit there and I, as I explained on 86 00:06:27,980 --> 00:06:32,269 Suze: CNBC if you watched that segment, I don't want the 87 00:06:32,279 --> 00:06:33,589 Suze: stock market to go up. 88 00:06:34,440 --> 00:06:39,178 Suze: I'm actually very happy that the market goes down and 89 00:06:39,190 --> 00:06:44,750 Suze: down and down at times because then I can continue 90 00:06:44,760 --> 00:06:49,750 Suze: to buy and purchase stocks at a lot lower price. 91 00:06:50,500 --> 00:06:54,820 Suze: And right now we're having a push and a pull 92 00:06:54,829 --> 00:07:00,230 Suze: between interest rates in the treasury market and what's happening 93 00:07:00,238 --> 00:07:04,429 Suze: in the stock market? Have you noticed that when interest 94 00:07:04,440 --> 00:07:07,709 Suze: rates in the treasury market start to go up, 95 00:07:08,910 --> 00:07:12,630 Suze: the stock market goes down? Now, why is that? Have 96 00:07:12,640 --> 00:07:16,130 Suze: you taken out your little Suze notebooks? Have you, have you? Anyway, 97 00:07:16,690 --> 00:07:19,010 Suze: the stock market starts to go down 98 00:07:19,820 --> 00:07:24,140 Suze: because people think why should I risk my money? In 99 00:07:24,149 --> 00:07:25,679 Suze: the stock market 100 00:07:26,730 --> 00:07:30,100 Suze: when I can lock it up for a long time 101 00:07:30,109 --> 00:07:32,709 Suze: or a short time or whatever, it may be at 102 00:07:32,720 --> 00:07:38,390 Suze: a 5 5.5% interest rate, possibly even higher as time 103 00:07:38,399 --> 00:07:39,470 Suze: goes on. 104 00:07:40,839 --> 00:07:44,420 Suze: However, when interest rates start to go down, 105 00:07:45,200 --> 00:07:48,500 Suze: people start to think, oh, maybe I'm just better off 106 00:07:48,510 --> 00:07:52,380 Suze: buying stocks that give me a good dividend yield or 107 00:07:52,390 --> 00:07:57,779 Suze: stocks will perform better at that point in time. So 108 00:07:57,790 --> 00:08:00,500 Suze: we have a treat that gives us a trick and 109 00:08:00,510 --> 00:08:02,429 Suze: then we have a trick that sometimes gives us a 110 00:08:02,440 --> 00:08:07,459 Suze: treat and then we become totally irrational because we don't 111 00:08:07,470 --> 00:08:09,179 Suze: know what to do. 112 00:08:09,869 --> 00:08:11,950 Suze: How many times have I said to you? You need 113 00:08:11,959 --> 00:08:12,489 Suze: a plan, 114 00:08:13,260 --> 00:08:16,160 Suze: you need a plan and you need to be patient. 115 00:08:16,890 --> 00:08:19,450 Suze: You need a plan so that you are patient so 116 00:08:19,459 --> 00:08:23,070 Suze: that you can prosper. Because if you rush, if you 117 00:08:23,079 --> 00:08:26,380 Suze: make decisions based on your emotions, if you just do 118 00:08:26,390 --> 00:08:29,828 Suze: things because what's happening out in the world and everything, 119 00:08:29,920 --> 00:08:31,950 Suze: not that you shouldn't pay attention to it. 120 00:08:32,869 --> 00:08:38,659 Suze: But then that is when you make mistakes. If you 121 00:08:38,669 --> 00:08:44,119 Suze: have 5, 1015, 20 years or longer, why are you 122 00:08:44,130 --> 00:08:48,169 Suze: upset when the markets are going down? Have we not 123 00:08:48,179 --> 00:08:52,130 Suze: agreed that the only way to be investing in this 124 00:08:52,140 --> 00:08:56,250 Suze: market is through dollar cost averaging 125 00:08:56,880 --> 00:09:00,210 Suze: you are not to take a large sum of money. 126 00:09:00,219 --> 00:09:03,739 Suze: And I don't care whether it's for treasury bills, treasury 127 00:09:03,750 --> 00:09:09,210 Suze: bonds treasury notes, dividend, paying stocks, technology stocks. It does 128 00:09:09,219 --> 00:09:13,299 Suze: not matter what you are buying at this moment in 129 00:09:13,309 --> 00:09:18,099 Suze: time because we have a trick or treat market constantly 130 00:09:18,109 --> 00:09:19,449 Suze: for now. For a while, 131 00:09:20,530 --> 00:09:26,159 Suze: you take advantage of it when the timing is right 132 00:09:26,890 --> 00:09:30,869 Suze: now. Put a pin in all of that for a 133 00:09:30,880 --> 00:09:34,299 Suze: second because I still have to go back at this 134 00:09:34,309 --> 00:09:41,429 Suze: point in time to pioneer natural resources or PXD. Now, 135 00:09:41,440 --> 00:09:43,650 Suze: for those of you who don't own it or never 136 00:09:43,659 --> 00:09:47,409 Suze: did uh uh uh uh Don't go sitting there thinking, 137 00:09:47,700 --> 00:09:50,059 Suze: oh God, don't tell me, Suze is gonna talk about 138 00:09:50,070 --> 00:09:52,919 Suze: this again. I don't have it. It doesn't pertain to me. Oh, 139 00:09:52,929 --> 00:09:57,729 Suze: it most certainly does because what's happening with this stock 140 00:09:57,739 --> 00:10:00,469 Suze: that could happen to you one day and the people 141 00:10:00,479 --> 00:10:03,919 Suze: that have been involved in it, you need to learn 142 00:10:03,929 --> 00:10:09,559 Suze: from their stories. Don't make a mistake, learn from other 143 00:10:09,570 --> 00:10:14,760 Suze: people's stories. Everybody and I've done a podcast where I've said, 144 00:10:14,770 --> 00:10:16,228 Suze: what's your story? 145 00:10:16,789 --> 00:10:20,890 Suze: What can you learn? Not only from yourself but other 146 00:10:20,900 --> 00:10:26,869 Suze: people's stories. I tell this story about PXD because I'm 147 00:10:26,880 --> 00:10:30,750 Suze: so sorry. It makes me laugh. It really does because 148 00:10:30,760 --> 00:10:33,929 Suze: I know all of you even though I did that 149 00:10:33,940 --> 00:10:38,169 Suze: podcast that said, if only are any of you upset 150 00:10:38,179 --> 00:10:42,239 Suze: that you sold PXD at 238 or 240 151 00:10:43,169 --> 00:10:45,669 Suze: are what like, how do you feel about it? If 152 00:10:45,679 --> 00:10:47,369 Suze: you see it go up and a lot of you said? 153 00:10:47,380 --> 00:10:51,109 Suze: Oh no, Suze, I'm fine and everything. I don't think so. 154 00:10:51,390 --> 00:10:53,619 Suze: I don't believe you to tell you the truth. Although 155 00:10:53,630 --> 00:10:56,228 Suze: I do hope you're being honest with yourself. 156 00:10:56,989 --> 00:11:01,510 Suze: So just a really quick recap back around October 5th, 157 00:11:01,520 --> 00:11:06,979 Suze: right around there somewhere PXD which is pioneer Natural Resources. 158 00:11:06,989 --> 00:11:11,049 Suze: That's a symbol for it. Energy Company is trading at 159 00:11:11,059 --> 00:11:14,489 Suze: about $217 a share. 160 00:11:15,280 --> 00:11:17,380 Suze: At that point in time, 161 00:11:18,309 --> 00:11:22,549 Suze: Exxon announces that they're going to try to purchase it 162 00:11:22,559 --> 00:11:30,619 Suze: for $253 a share. It's an all share transaction. So therefore, 163 00:11:30,679 --> 00:11:34,520 Suze: if you own it sometime next year, you will get 164 00:11:34,530 --> 00:11:40,449 Suze: about 2.3 shares of Exxon for every share of PXD 165 00:11:40,460 --> 00:11:44,598 Suze: that you have. I come on now and I say, 166 00:11:44,609 --> 00:11:48,049 Suze: you know, I'm an investor, I'm not a trader. 167 00:11:48,570 --> 00:11:52,469 Suze: I have learned over the years that it's really possible 168 00:11:52,479 --> 00:11:54,880 Suze: that these deals could fall through and it could go 169 00:11:54,890 --> 00:11:57,020 Suze: right back down to 217. 170 00:11:57,500 --> 00:12:01,679 Suze: So maybe Monday morning when the stock opens, we should 171 00:12:01,690 --> 00:12:05,280 Suze: consider selling it here. Many of you depending on your 172 00:12:05,289 --> 00:12:08,650 Suze: tax situation, maybe you want to keep it whatever it 173 00:12:08,659 --> 00:12:12,400 Suze: may be. But a lot of you decided. All right, 174 00:12:12,539 --> 00:12:15,330 Suze: you're going to sell it on Monday morning and you 175 00:12:15,340 --> 00:12:19,799 Suze: got about 241 or $43 a share. 176 00:12:20,599 --> 00:12:25,359 Suze: Then throughout that day, it started to go down and 177 00:12:25,369 --> 00:12:28,460 Suze: then everybody started to get afraid. Oh my God, it's 178 00:12:28,469 --> 00:12:31,119 Suze: gonna go down all the way again. And so many 179 00:12:31,130 --> 00:12:36,780 Suze: of you sold it at about 235 $236 a share. 180 00:12:37,169 --> 00:12:40,590 Suze: And then as time went on, it started to go 181 00:12:40,599 --> 00:12:46,140 Suze: up to 240 again, 245 to now 250. 182 00:12:46,700 --> 00:12:49,320 Suze: And I know the people that sold it at 235 183 00:12:49,330 --> 00:12:51,559 Suze: no matter what you tell me, you're now going, oh 184 00:12:51,570 --> 00:12:53,609 Suze: my God. If I just held it another week, I'd 185 00:12:53,619 --> 00:12:59,710 Suze: be up, 15 points goes all the way up to 257. 186 00:13:00,409 --> 00:13:05,760 Suze: Almost 10% more than those people that sold around 235, 237, 238. 187 00:13:08,169 --> 00:13:08,840 Suze: All right. 188 00:13:09,820 --> 00:13:12,718 Suze: So now we've had a treat for those of you 189 00:13:12,729 --> 00:13:13,750 Suze: who kept it. 190 00:13:14,520 --> 00:13:18,700 Suze: Did you sell it at 257? Did you, even though 191 00:13:18,710 --> 00:13:24,820 Suze: the deal was for 253 it's at 257. It's above 192 00:13:24,950 --> 00:13:28,659 Suze: what the conversion price is supposed to be. Did you 193 00:13:28,669 --> 00:13:32,739 Suze: sell it there? Probably not because you thought, oh, there's 194 00:13:32,750 --> 00:13:35,659 Suze: more of a treat here. It's gonna continue to go up. 195 00:13:35,669 --> 00:13:37,179 Suze: I'm gonna be hopeful here. 196 00:13:37,849 --> 00:13:43,630 Suze: And now just a few days later on Friday, two 197 00:13:43,640 --> 00:13:51,358 Suze: days ago, it closed at 238. Exactly where it was 198 00:13:51,880 --> 00:13:54,520 Suze: all the way back when. 199 00:13:56,260 --> 00:13:58,900 Suze: So do you see the roller coaster that, that stock 200 00:13:58,909 --> 00:14:00,039 Suze: just went on? 201 00:14:00,710 --> 00:14:03,739 Suze: But it wasn't the stock that went on that roller coaster? 202 00:14:03,900 --> 00:14:07,489 Suze: You also went on that roller coaster 203 00:14:08,169 --> 00:14:12,520 Suze: the roller coaster of emotions. If only I had 204 00:14:13,979 --> 00:14:17,479 Suze: and you watched it go up and if only I 205 00:14:17,489 --> 00:14:20,780 Suze: had sold it then as it went back down, it 206 00:14:20,789 --> 00:14:23,530 Suze: was like, oh my God, thank God, I sold it 207 00:14:23,539 --> 00:14:26,719 Suze: at 243 for those of you who held on to 208 00:14:26,729 --> 00:14:29,570 Suze: it and you didn't sell it at 257 or in 209 00:14:29,580 --> 00:14:32,090 Suze: the fifties you went, oh my God. I just lost 210 00:14:32,099 --> 00:14:38,270 Suze: 20 points. You only make or lose money. Everybody, when 211 00:14:38,280 --> 00:14:42,000 Suze: you have actually sold a stock 212 00:14:43,119 --> 00:14:47,169 Suze: before the day that you have sold it, it's a 213 00:14:47,179 --> 00:14:52,900 Suze: paper gain and it means absolutely nothing. 214 00:14:53,900 --> 00:14:57,109 Suze: So once you have sold a stock, 215 00:14:58,010 --> 00:15:01,349 Suze: if you wanna give yourself a true treat, 216 00:15:02,380 --> 00:15:06,849 Suze: unless you want to buy it back, stop looking at 217 00:15:06,880 --> 00:15:06,900 Suze: it 218 00:15:07,489 --> 00:15:10,349 Suze: because if you continue to watch it 219 00:15:11,260 --> 00:15:14,190 Suze: and you have these, if only moments, oh my God. 220 00:15:14,200 --> 00:15:17,460 Suze: I should have held it and whatever you then will 221 00:15:17,469 --> 00:15:20,419 Suze: look at the other stocks or exchange traded funds or 222 00:15:20,429 --> 00:15:23,320 Suze: whatever it may be in your portfolio 223 00:15:24,330 --> 00:15:27,510 Suze: and once it goes up, you'll go, I better take 224 00:15:27,520 --> 00:15:28,830 Suze: it right now and you'll sell it 225 00:15:29,750 --> 00:15:32,130 Suze: and then a month later it will go up another 226 00:15:32,140 --> 00:15:33,330 Suze: 10 or 20%. 227 00:15:34,510 --> 00:15:39,710 Suze: There has to be a reason why you sell, there 228 00:15:39,719 --> 00:15:44,010 Suze: has got to be a reason why you buy, 229 00:15:44,780 --> 00:15:47,919 Suze: not just one that it has gone up in value, 230 00:15:48,630 --> 00:15:52,250 Suze: it's got to be one that, oh, the company isn't 231 00:15:52,260 --> 00:15:56,169 Suze: really earning that much. Money anymore. I don't like the management, 232 00:15:56,390 --> 00:15:59,289 Suze: I've made good money in it and I need the money. 233 00:15:59,359 --> 00:16:02,049 Suze: It's starting to scare me because of how much money 234 00:16:02,059 --> 00:16:04,369 Suze: I've made. Whatever it may be, 235 00:16:05,150 --> 00:16:10,969 Suze: there has to be a rational reason as to when 236 00:16:10,979 --> 00:16:16,849 Suze: you buy or sell a stock, it cannot be an 237 00:16:16,859 --> 00:16:22,450 Suze: emotional decision, it cannot be a decision because somebody else 238 00:16:22,460 --> 00:16:25,729 Suze: has done it or is telling you to do it 239 00:16:26,599 --> 00:16:29,340 Suze: unless you have trust in that person. 240 00:16:30,789 --> 00:16:35,289 Suze: So it's a really, really important lesson. 241 00:16:36,070 --> 00:16:39,030 Suze: One of the things that I was talking about on 242 00:16:39,039 --> 00:16:42,840 Suze: CNBC was someone of the best traders. You know, the 243 00:16:42,849 --> 00:16:46,369 Suze: people that sit around that desk, Karen Finerman, whatever, they 244 00:16:46,380 --> 00:16:49,780 Suze: make hundreds of millions, so much money that they manage. 245 00:16:49,789 --> 00:16:52,770 Suze: It's not even funny and we had a little thing 246 00:16:52,780 --> 00:16:55,250 Suze: as we were sitting there. If you watched it, the 247 00:16:55,260 --> 00:16:57,690 Suze: earnings of alphabet came out 248 00:16:58,510 --> 00:17:02,200 Suze: and they were all debating when I was sitting down, 249 00:17:02,909 --> 00:17:07,260 Suze: would they buy Alphabet or would they buy Microsoft? So 250 00:17:07,270 --> 00:17:10,129 Suze: now I sit down, I really didn't hear the discussion 251 00:17:10,140 --> 00:17:10,968 Suze: at all 252 00:17:11,848 --> 00:17:16,188 Suze: and they said, all right, Suze, we know your personal finance, 253 00:17:16,198 --> 00:17:20,218 Suze: but we also know you are an incredible investor. And 254 00:17:20,229 --> 00:17:22,318 Suze: the reason that they know that is I always tell 255 00:17:22,328 --> 00:17:25,418 Suze: them the stocks that I am buying. I am selling 256 00:17:25,428 --> 00:17:28,718 Suze: what I am doing. I mentioned a few of them 257 00:17:28,729 --> 00:17:31,748 Suze: on air that day. If you happen to watch, I'm 258 00:17:31,759 --> 00:17:34,999 Suze: sure there's a tape of it somewhere. And I said, 259 00:17:35,009 --> 00:17:38,999 Suze: not me, I'd be a Microsoft girl the whole way 260 00:17:39,167 --> 00:17:40,437 Suze: over alphabet. 261 00:17:41,010 --> 00:17:44,469 Suze: And they just looked at me and like, really? Are 262 00:17:44,479 --> 00:17:45,109 Suze: you kidding? 263 00:17:45,770 --> 00:17:51,239 Suze: And then the next day alphabet went down Microsoft went up, 264 00:17:51,250 --> 00:17:54,869 Suze: I wrote Karen Finerman who I just so loved so much. 265 00:17:54,880 --> 00:17:57,750 Suze: I can't tell you. And I said, well, I guess 266 00:17:57,760 --> 00:18:00,750 Suze: your picks were wrong and mine was right. 267 00:18:01,510 --> 00:18:04,750 Suze: And she said, yep, I guess so. And I said, Karen, 268 00:18:05,420 --> 00:18:09,319 Suze: we're in this for the long haul. It's not a 269 00:18:09,329 --> 00:18:12,550 Suze: day event. Did it go up? Did it go down? 270 00:18:12,569 --> 00:18:15,649 Suze: What will it be a year from now or two 271 00:18:15,660 --> 00:18:20,170 Suze: years from now? So I know it's a stock. Microsoft 272 00:18:20,180 --> 00:18:22,920 Suze: is a stock that I happen to like a lot 273 00:18:23,369 --> 00:18:25,640 Suze: for many reasons and 274 00:18:26,329 --> 00:18:29,430 Suze: it's not, what does it do on a daily basis. 275 00:18:30,020 --> 00:18:33,790 Suze: It's what do I think about it long term? 276 00:18:34,959 --> 00:18:37,219 Suze: And so I bought some 277 00:18:37,890 --> 00:18:41,109 Suze: and not a lot and then if it happens to 278 00:18:41,119 --> 00:18:44,589 Suze: turn around and go down again, like it did the 279 00:18:44,599 --> 00:18:47,089 Suze: other day, it went down significantly. I could pay a 280 00:18:47,099 --> 00:18:50,430 Suze: little bit more. If it goes up, I can just 281 00:18:50,439 --> 00:18:52,469 Suze: watch it for a while. I can see what I'm 282 00:18:52,479 --> 00:18:53,150 Suze: gonna do, 283 00:18:53,930 --> 00:18:57,849 Suze: but I didn't take everything that I had designated to 284 00:18:57,859 --> 00:19:02,270 Suze: purchase that stock with and purchased it that day. 285 00:19:02,989 --> 00:19:07,400 Suze: If you are what I call a lump sum investor 286 00:19:07,579 --> 00:19:09,510 Suze: where you have a lump sum of money and you 287 00:19:09,520 --> 00:19:12,589 Suze: put it in the stock market right now, in one 288 00:19:12,599 --> 00:19:16,709 Suze: lump sum, you're going to be making a mistake 289 00:19:17,619 --> 00:19:23,520 Suze: because again, this is a trick or treat stock market. 290 00:19:23,939 --> 00:19:28,069 Suze: There are so many things in the economy right now 291 00:19:28,849 --> 00:19:30,609 Suze: that we don't know if they're going to be a 292 00:19:30,619 --> 00:19:33,929 Suze: trick or a treat. We really don't. There are so 293 00:19:33,939 --> 00:19:37,260 Suze: many things in the world when it comes to war 294 00:19:37,270 --> 00:19:40,929 Suze: right now, we do not know how that is going 295 00:19:40,939 --> 00:19:45,550 Suze: to end and how that will affect the economy. We 296 00:19:45,560 --> 00:19:49,819 Suze: hear reports that the economy is really on fire and 297 00:19:49,829 --> 00:19:53,589 Suze: doing great. It's up five, almost 5%. 298 00:19:54,319 --> 00:19:57,979 Suze: And so it seems like everything looks like it's a 299 00:19:57,989 --> 00:20:03,579 Suze: treat economically speaking. But is it, how can it be? 300 00:20:03,989 --> 00:20:07,199 Suze: How can it be when so many companies are closing 301 00:20:07,209 --> 00:20:11,619 Suze: their doors? How can it be when you have an 8% 302 00:20:11,630 --> 00:20:17,959 Suze: mortgage rate? How can it be when just nothing seems 303 00:20:17,969 --> 00:20:21,969 Suze: to be making sense? So that is why 304 00:20:23,160 --> 00:20:26,579 Suze: you have to go slowly. You have to feel secure 305 00:20:26,589 --> 00:20:30,650 Suze: with what you're doing. You have to be diversified. You 306 00:20:30,660 --> 00:20:36,670 Suze: should have some money obviously in defense Raytheon or whatever 307 00:20:36,680 --> 00:20:42,609 Suze: you want. You should have again dividend paying stocks that 308 00:20:42,619 --> 00:20:44,780 Suze: will give you a nice dividend 309 00:20:45,319 --> 00:20:49,569 Suze: one stock that everybody hates right now. That makes me 310 00:20:49,579 --> 00:20:51,978 Suze: kind of like it up to you. Be careful if 311 00:20:51,989 --> 00:20:57,109 Suze: you buy it. But Verizon, Verizon, I love Verizon. I 312 00:20:57,119 --> 00:21:01,339 Suze: love my phone that has Verizon paying an 8% dividend. 313 00:21:01,349 --> 00:21:04,040 Suze: Looks to me like the dividend is pretty secure. 314 00:21:04,810 --> 00:21:08,500 Suze: Do you go from something like a Devon and, or 315 00:21:08,510 --> 00:21:13,130 Suze: a PXD and put some of it in Verizon right now? 316 00:21:13,140 --> 00:21:18,290 Suze: Especially when it is at. It's low. It's at, it's low. 317 00:21:18,640 --> 00:21:21,550 Suze: Do you? I don't know. Up to you, you're going 318 00:21:21,560 --> 00:21:22,630 Suze: to have to decide. 319 00:21:23,510 --> 00:21:26,448 Suze: I like a stock by the name of reality income. 320 00:21:26,900 --> 00:21:30,448 Suze: Whose symbol is? Oh, take a look at that. Do 321 00:21:30,459 --> 00:21:32,560 Suze: you like an reit right now? Do you even know 322 00:21:32,569 --> 00:21:33,380 Suze: what they are? 323 00:21:34,119 --> 00:21:36,989 Suze: Or as I've told you before, I like another REID 324 00:21:37,000 --> 00:21:41,719 Suze: by the name of care trust symbol, CTRE. You might 325 00:21:41,729 --> 00:21:44,829 Suze: want to take a look at that one. I like 326 00:21:44,839 --> 00:21:50,849 Suze: pfizer symbol PFE. However, the healthcare industry can be absolutely 327 00:21:50,890 --> 00:21:54,069 Suze: with the vaccines and everything can go down. But hey, 328 00:21:54,079 --> 00:21:55,300 Suze: I have time to wait 329 00:21:56,160 --> 00:21:58,579 Suze: and if it goes down, 330 00:22:00,010 --> 00:22:04,399 Suze: hey, that only makes my dividend yield. If there's strong dividends, 331 00:22:04,410 --> 00:22:08,948 Suze: if they're ok, dividends, it still keeps them protected. 332 00:22:09,979 --> 00:22:14,409 Suze: So there are things out there that you absolutely can 333 00:22:14,420 --> 00:22:18,589 Suze: be doing. But if you do it and they go 334 00:22:18,599 --> 00:22:23,109 Suze: down the stocks go down rather than being depressed, you 335 00:22:23,119 --> 00:22:27,060 Suze: should be so happy because then your dollars buy more 336 00:22:27,069 --> 00:22:31,420 Suze: shares and the dividend which is fixed then creates a 337 00:22:31,430 --> 00:22:36,079 Suze: higher yield for you. You have to be ok with it. 338 00:22:36,760 --> 00:22:40,020 Suze: So one way that you can think about being ok 339 00:22:40,030 --> 00:22:40,500 Suze: on it 340 00:22:41,229 --> 00:22:44,969 Suze: think about that. You have a brand, you love to 341 00:22:44,979 --> 00:22:50,010 Suze: buy every piece of clothing that comes out by this brand. 342 00:22:50,449 --> 00:22:54,169 Suze: And this is the brand that you like to constantly 343 00:22:54,180 --> 00:22:55,010 Suze: dress him. 344 00:22:55,670 --> 00:22:58,130 Suze: So you go in and you see something that you 345 00:22:58,140 --> 00:22:59,770 Suze: absolutely love, 346 00:23:00,770 --> 00:23:02,910 Suze: but maybe it's $100 347 00:23:04,290 --> 00:23:08,609 Suze: and you think? Oh, well, I don't know. Maybe I'll 348 00:23:08,619 --> 00:23:10,910 Suze: wait till it goes to 100 and 20 to buy it. 349 00:23:11,689 --> 00:23:14,379 Suze: Or maybe it should go to 100 and 50. Do 350 00:23:14,390 --> 00:23:17,670 Suze: you really want your favorite items to go up and 351 00:23:17,680 --> 00:23:21,129 Suze: up in value for you to buy them or aren't 352 00:23:21,140 --> 00:23:25,179 Suze: you thrilled when that $100 item all of a sudden 353 00:23:25,189 --> 00:23:30,270 Suze: is at $75. You know, the other day, Marcia, 354 00:23:30,800 --> 00:23:34,170 Suze: who comes to the house and gives me my manicure 355 00:23:34,180 --> 00:23:36,629 Suze: and pedicure because, you know, when you go in public, 356 00:23:36,640 --> 00:23:38,859 Suze: you gotta look good. You can't have dirty nails and 357 00:23:38,869 --> 00:23:43,300 Suze: things like that. And so she looks so happy. I said, 358 00:23:43,310 --> 00:23:46,899 Suze: why are you so happy? She said, look at my shoes. 359 00:23:47,369 --> 00:23:51,540 Suze: I said, yeah, she said, Susie, I had a client 360 00:23:51,550 --> 00:23:55,010 Suze: that came in and I saw these shoes on her 361 00:23:55,349 --> 00:23:58,810 Suze: and I loved them so much. I can't tell you. 362 00:23:59,310 --> 00:24:02,310 Suze: But when I went to the store and I saw 363 00:24:02,319 --> 00:24:03,569 Suze: how much they were, 364 00:24:04,229 --> 00:24:06,609 Suze: it was like, I could never buy a pair of 365 00:24:06,619 --> 00:24:08,089 Suze: shoes that expensive. 366 00:24:08,859 --> 00:24:12,500 Suze: And then I was shopping at the store where everything 367 00:24:12,510 --> 00:24:16,939 Suze: is just so inexpensive and there, the shoes were and 368 00:24:16,949 --> 00:24:20,239 Suze: they were $19. Now, I know Suze, that's still a 369 00:24:20,250 --> 00:24:21,229 Suze: lot of money, 370 00:24:21,900 --> 00:24:24,439 Suze: but I figured I could do that 371 00:24:25,140 --> 00:24:28,560 Suze: and she did and she was so happy. 372 00:24:29,640 --> 00:24:34,079 Suze: And if you could kind of think like that when 373 00:24:34,089 --> 00:24:37,619 Suze: it comes to your financial portfolio 374 00:24:38,900 --> 00:24:43,198 Suze: and you take advantage of it, when it makes sense 375 00:24:44,530 --> 00:24:48,369 Suze: in the long run, when these stocks do turn around 376 00:24:48,540 --> 00:24:50,569 Suze: and go back up again, 377 00:24:51,530 --> 00:24:58,229 Suze: then you will be able to make incredible decisions with it. 378 00:24:59,209 --> 00:25:05,889 Suze: So that's your Suze school for today. Was this podcast 379 00:25:05,900 --> 00:25:10,359 Suze: a treat or was it a trick? It was a treat. 380 00:25:10,369 --> 00:25:12,839 Suze: Are you kidding me? Anytime you listen to the women 381 00:25:12,849 --> 00:25:16,670 Suze: and Money podcast, in my opinion, it is a treat. 382 00:25:17,239 --> 00:25:19,579 Suze: So there's only one thing that I want you to 383 00:25:19,589 --> 00:25:23,209 Suze: do every single day and that is to say the 384 00:25:23,219 --> 00:25:29,420 Suze: following day, wherever I go, I will create a more peaceful. 385 00:25:29,430 --> 00:25:35,189 Suze: Think we need it joyful. Oh, we seriously need it, loving, 386 00:25:35,510 --> 00:25:40,949 Suze: loving world and to all those people in Maine and 387 00:25:40,959 --> 00:25:42,859 Suze: throughout the entire world, 388 00:25:43,540 --> 00:25:48,839 Suze: my prayers go to every single one of you. 389 00:25:49,640 --> 00:25:56,180 Suze: So until Thursday, remember you are unstoppable.