1 00:00:41,459 --> 00:00:46,790 Suze: December 22, 2024. Welcome everybody to the Women and Money podcast, 2 00:00:47,020 --> 00:00:52,209 Suze: as well as everybody smart enough to listen. All right, 3 00:00:52,380 --> 00:00:58,560 Suze: 3 days, 3 days before the holiday gift giving day, 4 00:00:58,860 --> 00:01:03,490 Suze: and the question becomes, did you listen to last Sunday's podcast? 5 00:01:04,059 --> 00:01:06,769 Suze: Did you take it to your financial heart? 6 00:01:07,050 --> 00:01:11,349 Suze: And really not go out and buy this and that 7 00:01:11,349 --> 00:01:15,739 Suze: out of guilt and whatever. I hope that you did. 8 00:01:16,699 --> 00:01:22,500 Suze: However, today is Suze School, and I think that you 9 00:01:22,500 --> 00:01:25,580 Suze: should number one, take out your Suze notebooks because I 10 00:01:25,580 --> 00:01:29,009 Suze: do think that there's a lot that we should learn 11 00:01:29,500 --> 00:01:36,220 Suze: from what happened last Wednesday. Last Wednesday, in reality, was 12 00:01:36,220 --> 00:01:41,209 Suze: one of the greatest lessons that I hope all of 13 00:01:41,209 --> 00:01:45,899 Suze: you learned from, but I'll get there in one second. 14 00:01:46,830 --> 00:01:50,669 Suze: Besides the fact that the market really went down a 15 00:01:50,669 --> 00:01:52,459 Suze: lot on that day. 16 00:01:53,059 --> 00:01:56,760 Suze: The other thing that was causing a lot of uncertainty 17 00:01:56,760 --> 00:02:02,089 Suze: in our lives was the government going to shut down 18 00:02:02,089 --> 00:02:06,519 Suze: or not. Were millions of government workers not going to 19 00:02:06,519 --> 00:02:08,970 Suze: get their paychecks, or will they? 20 00:02:09,779 --> 00:02:12,988 Suze: I personally was not worried about it at all. 21 00:02:13,639 --> 00:02:18,990 Suze: Because I know that the last time we had a 22 00:02:18,990 --> 00:02:22,830 Suze: government shutdown in 2018, I think it was 30 some 23 00:02:22,830 --> 00:02:26,389 Suze: odd days it was shut down, that was one of 24 00:02:26,389 --> 00:02:29,860 Suze: the major reasons that there was a big political toll 25 00:02:30,229 --> 00:02:32,190 Suze: taken on that party. 26 00:02:33,199 --> 00:02:37,929 Suze: And it really didn't make any sense at all, and 27 00:02:37,929 --> 00:02:41,929 Suze: I think people learned a big lesson from it, so 28 00:02:41,929 --> 00:02:44,490 Suze: you can threaten you're going to shut it down. You 29 00:02:44,490 --> 00:02:47,490 Suze: can talk big, you're going to shut it down, but 30 00:02:47,490 --> 00:02:49,410 Suze: I knew without a shadow of a doubt. 31 00:02:49,485 --> 00:02:52,535 Suze: That there was no way they were going to let 32 00:02:52,794 --> 00:02:59,744 Suze: this government shut down, especially 3 days before the holidays. 33 00:02:59,913 --> 00:03:04,315 Suze: Are you crazy? So for me that didn't come to 34 00:03:04,315 --> 00:03:08,633 Suze: play at all. What did come to play, however, 35 00:03:09,380 --> 00:03:14,809 Suze: Was the speech that Jay Powell, the Fed chair, gave 36 00:03:15,220 --> 00:03:18,100 Suze: after he announced that he was going to lower the 37 00:03:18,100 --> 00:03:21,880 Suze: Fed funds rate by a quarter percent. Now the lowering 38 00:03:21,880 --> 00:03:25,418 Suze: of that rate really didn't take much effect on anybody. 39 00:03:25,460 --> 00:03:27,369 Suze: They didn't know if he was going to or not, 40 00:03:27,538 --> 00:03:28,380 Suze: but OK. 41 00:03:28,758 --> 00:03:33,059 Suze: I think what really shook people was what he said 42 00:03:33,258 --> 00:03:36,979 Suze: after that, because after they announced the lowering of the rate, 43 00:03:37,149 --> 00:03:40,070 Suze: he then goes into this room and he stands there 44 00:03:40,070 --> 00:03:44,389 Suze: at a podium, and every financial reporter or economic reporter 45 00:03:44,389 --> 00:03:47,309 Suze: sits before him, and they all get a chance to 46 00:03:47,309 --> 00:03:52,630 Suze: ask him a question and he answers what really came out. 47 00:03:53,479 --> 00:03:57,679 Suze: Of his talk and his statements that he made was 48 00:03:57,679 --> 00:04:02,160 Suze: that rather than being on this rapid downturn of Fed 49 00:04:02,160 --> 00:04:04,589 Suze: funds rate which he said he was going to do 50 00:04:04,880 --> 00:04:07,729 Suze: a year or so ago we were all for sure 51 00:04:08,000 --> 00:04:11,160 Suze: that in 2024 the Fed funds rates were going to 52 00:04:11,160 --> 00:04:14,919 Suze: go down, down, down, down, down, which meant interest rates 53 00:04:14,919 --> 00:04:17,599 Suze: were going to go down and all of us had 54 00:04:17,600 --> 00:04:21,200 Suze: planned on that. All our money moves were planned on that. 55 00:04:21,799 --> 00:04:25,029 Suze: But that's not what he did. But not only did 56 00:04:25,029 --> 00:04:31,229 Suze: he not do that, he actually said the following. He 57 00:04:31,230 --> 00:04:36,579 Suze: said there will probably only be two rate cuts in 25, 58 00:04:36,988 --> 00:04:44,019 Suze: maybe another 2 in 26, and maybe 2 in 2027. 59 00:04:44,589 --> 00:04:46,070 Suze: He also said. 60 00:04:46,730 --> 00:04:50,679 Suze: That he didn't expect inflation to really go down, that 61 00:04:50,678 --> 00:04:54,488 Suze: inflation was a little bit harder to tame than he thought. 62 00:04:55,230 --> 00:04:59,928 Suze: But the economy is still doing well, don't worry about it. 63 00:05:00,928 --> 00:05:03,410 Suze: To me that was the most confusing thing I had 64 00:05:03,410 --> 00:05:08,000 Suze: ever heard, and as he was talking, you could see 65 00:05:08,000 --> 00:05:13,410 Suze: and just watch these markets start to crash, go down 66 00:05:13,410 --> 00:05:17,839 Suze: and down and down and down, stocks that I loved 67 00:05:18,130 --> 00:05:20,329 Suze: going down big time. 68 00:05:21,230 --> 00:05:28,230 Suze: Big time. Now normally when you see stocks going down 69 00:05:28,230 --> 00:05:29,029 Suze: big time. 70 00:05:30,029 --> 00:05:33,500 Suze: Your reaction usually is, I gotta sell. Oh my God, 71 00:05:33,869 --> 00:05:36,470 Suze: everything's gonna go to hell in a handbasket. Oh my God, 72 00:05:36,549 --> 00:05:40,179 Suze: I've got to get out. So you join the crowd mentality. 73 00:05:40,390 --> 00:05:44,229 Suze: You're watching TV. It's going down, you're watching your stocks, 74 00:05:44,309 --> 00:05:46,350 Suze: you're watching these things you had gains in. 75 00:05:46,605 --> 00:05:50,644 Suze: Go all the way down. The announcers on CNBC and everything, 76 00:05:50,684 --> 00:05:53,204 Suze: they're not making it any better for you. They're at 77 00:05:53,204 --> 00:05:55,885 Suze: this high pitch like I am right now. They're all 78 00:05:55,885 --> 00:05:59,244 Suze: freaked out. You're watching everything be read on the big 79 00:05:59,244 --> 00:06:01,605 Suze: screen that says when something's going up or down and 80 00:06:01,605 --> 00:06:05,524 Suze: red represents down and you buy into it and you sell. 81 00:06:06,420 --> 00:06:08,440 Suze: And you get depressed. 82 00:06:09,390 --> 00:06:13,940 Suze: But you feel a little better because maybe you sold 83 00:06:13,940 --> 00:06:17,230 Suze: and after you sold it continued down a lot. 84 00:06:17,890 --> 00:06:22,678 Suze: Me, I was waiting for the very last minute. 85 00:06:23,529 --> 00:06:27,649 Suze: Before the markets were closing, when it was almost at 86 00:06:27,649 --> 00:06:31,570 Suze: its worst, where the momentum had picked up and I 87 00:06:31,570 --> 00:06:35,959 Suze: went in and I fought like a mad woman. 88 00:06:36,690 --> 00:06:41,820 Suze: I bought Palantir. I bought iBIT. I bought GEV this 89 00:06:41,820 --> 00:06:44,570 Suze: one stock that I really like. I bought them all, 90 00:06:44,619 --> 00:06:48,500 Suze: all the stocks that I talk about. I bought them all. 91 00:06:49,399 --> 00:06:53,549 Suze: And I was able to buy them all because I 92 00:06:53,549 --> 00:06:58,420 Suze: do dollar cost average. I keep a pile of cash 93 00:06:58,869 --> 00:07:00,630 Suze: for days like that. 94 00:07:01,380 --> 00:07:04,690 Suze: I don't put all my money to work and then 95 00:07:04,690 --> 00:07:07,940 Suze: when something like that happens I can't take advantage of it. 96 00:07:08,250 --> 00:07:13,000 Suze: I wait for days like that to happen. I loved 97 00:07:13,000 --> 00:07:17,209 Suze: that Palantir went all the way back down again. I 98 00:07:17,209 --> 00:07:21,609 Suze: loved that NVIDIA went to like 128. I loved that. 99 00:07:22,660 --> 00:07:26,269 Suze: So for me, I was so happy that day. 100 00:07:27,380 --> 00:07:31,450 Suze: KT on the other hand, was a little bit more 101 00:07:31,660 --> 00:07:36,179 Suze: freaked than I think she sounded on the last podcast 102 00:07:36,179 --> 00:07:38,980 Suze: where she said, what are you doing? I said, I'm buying. 103 00:07:39,299 --> 00:07:41,540 Suze: She said, look at the market. I said, I know 104 00:07:41,540 --> 00:07:42,820 Suze: that's why I'm buying. 105 00:07:44,100 --> 00:07:46,549 Suze: And I said, KT you have to leave me alone 106 00:07:46,549 --> 00:07:48,589 Suze: because I really need to buy. 107 00:07:49,450 --> 00:07:52,160 Suze: Now I want you to think about this, everybody. 108 00:07:53,390 --> 00:07:54,750 Suze: Not everything. 109 00:07:55,850 --> 00:07:59,000 Suze: That you own when it goes down is going to 110 00:07:59,000 --> 00:08:02,679 Suze: come back and the only reason that that may be 111 00:08:02,679 --> 00:08:06,119 Suze: true is that some of the things that you own, 112 00:08:06,239 --> 00:08:08,119 Suze: some of the stocks that you own. 113 00:08:09,290 --> 00:08:14,290 Suze: Really aren't worth owning. You've owned them for many reasons. 114 00:08:14,369 --> 00:08:16,480 Suze: Maybe years have gone by and whatever. 115 00:08:17,190 --> 00:08:19,440 Suze: And maybe they're not gonna come back. 116 00:08:20,179 --> 00:08:24,859 Suze: But when you are invested in the stocks of the future. 117 00:08:25,660 --> 00:08:31,170 Suze: The stocks that hold the ability to really transform this 118 00:08:31,170 --> 00:08:34,039 Suze: world in their companies. 119 00:08:34,840 --> 00:08:38,750 Suze: And you have faith in their management, faith in what 120 00:08:38,750 --> 00:08:40,140 Suze: they are doing. 121 00:08:41,820 --> 00:08:44,900 Suze: Then of course you want to buy more when they 122 00:08:44,900 --> 00:08:49,119 Suze: go down because you didn't buy them for them to 123 00:08:49,119 --> 00:08:54,098 Suze: just go straight up. You bought them so that 3 124 00:08:54,099 --> 00:08:58,099 Suze: years from now, 5 years from now, 10 years from 125 00:08:58,099 --> 00:09:04,979 Suze: now you will have made a fortune. You have got 126 00:09:04,979 --> 00:09:06,770 Suze: to get it out of your head. 127 00:09:07,289 --> 00:09:10,200 Suze: That when something goes from 10 to 20 you've now 128 00:09:10,200 --> 00:09:12,510 Suze: doubled your money. Oh, you have to get out of 129 00:09:12,510 --> 00:09:16,489 Suze: the position because of course it's going to go back down. 130 00:09:16,880 --> 00:09:22,159 Suze: You have to get into the mindset of you're buying 131 00:09:22,159 --> 00:09:23,919 Suze: things little by little. 132 00:09:25,070 --> 00:09:28,250 Suze: Because you have the belief that over time 133 00:09:29,520 --> 00:09:33,270 Suze: These stocks are going to be worth so much more, 134 00:09:33,799 --> 00:09:37,270 Suze: and that's where the big money is going to be made, 135 00:09:37,599 --> 00:09:42,590 Suze: not at 10% here, 30% here, even 100%. 136 00:09:43,559 --> 00:09:48,159 Suze: You have to be more futuristic about how you're thinking 137 00:09:48,500 --> 00:09:54,020 Suze: about the stocks that you are investing in now a 138 00:09:54,020 --> 00:09:54,900 Suze: lot of you. 139 00:09:55,299 --> 00:10:00,020 Suze: Have diversified in exchange traded funds whether they're the spiders 140 00:10:00,020 --> 00:10:03,380 Suze: or the VOOs or the VTIs, and the good thing 141 00:10:03,380 --> 00:10:07,219 Suze: about those is their top holdings are invested in these 142 00:10:07,219 --> 00:10:12,929 Suze: futuristic stocks, so you're doing OK there by all means, 143 00:10:13,260 --> 00:10:18,859 Suze: but it's also important that if you are buying individual 144 00:10:18,859 --> 00:10:23,780 Suze: stocks and that is how you want to go about investing. 145 00:10:24,520 --> 00:10:27,770 Suze: That you have some diversification. 146 00:10:28,409 --> 00:10:34,349 Suze: But it's OK to be heavily also invested in stocks 147 00:10:34,349 --> 00:10:37,820 Suze: that are diversified in a little bit what they're doing, 148 00:10:38,030 --> 00:10:41,979 Suze: but they're all tied to whether it's IOTA or NVIDIA, 149 00:10:41,989 --> 00:10:44,900 Suze: a little bit different, but they all help one another. 150 00:10:46,570 --> 00:10:50,039 Suze: So that's what I did Wednesday. What did you do? 151 00:10:50,320 --> 00:10:52,940 Suze: Did you do anything or did you just get upset? 152 00:10:53,859 --> 00:10:58,118 Suze: And as you know, I invest Colo's money for him. 153 00:10:58,789 --> 00:11:05,140 Suze: And I watched Colo's portfolio on that day go down 154 00:11:05,140 --> 00:11:10,700 Suze: equally as everything else, and because I also kept money 155 00:11:10,700 --> 00:11:13,179 Suze: on the side for him, I only have 50% of 156 00:11:13,179 --> 00:11:16,340 Suze: his cash invested. I was able to go in and 157 00:11:16,340 --> 00:11:18,219 Suze: double down on certain things. 158 00:11:18,969 --> 00:11:19,718 Suze: And then 159 00:11:20,890 --> 00:11:24,559 Suze: Friday when the market finally closed. 160 00:11:25,719 --> 00:11:31,169 Suze: I was up so much higher on Colo's portfolio. 161 00:11:32,179 --> 00:11:38,929 Suze: Than where I was on Tuesday's closing before the market 162 00:11:38,929 --> 00:11:43,890 Suze: went down on Wednesday because I was able to dollar 163 00:11:43,890 --> 00:11:47,239 Suze: cost average into it at its low. 164 00:11:48,489 --> 00:11:54,549 Suze: I tell you this because I don't want you to 165 00:11:54,549 --> 00:11:59,880 Suze: make one of the biggest downfalls to your investing habits, 166 00:12:00,489 --> 00:12:02,919 Suze: and one of the biggest downfalls is 167 00:12:03,479 --> 00:12:07,510 Suze: You watch what you have purchased every moment of the 168 00:12:07,510 --> 00:12:12,510 Suze: day or 5 times a day, or you're watching CNBC 169 00:12:12,510 --> 00:12:14,989 Suze: and you're watching are the markets going up or are 170 00:12:14,989 --> 00:12:19,819 Suze: the markets going down if you are invested in something 171 00:12:19,820 --> 00:12:21,549 Suze: that you are certain about. 172 00:12:22,200 --> 00:12:24,500 Suze: That you have faith in. 173 00:12:25,409 --> 00:12:29,119 Suze: That you haven't heard anything bad about it and the 174 00:12:29,119 --> 00:12:33,080 Suze: markets happen to be tumbling or whatever OK. 175 00:12:33,849 --> 00:12:37,229 Suze: But don't just look at something and go, oh my God, 176 00:12:37,270 --> 00:12:40,468 Suze: it's going up. Oh, today it's going down. Oh, what 177 00:12:40,469 --> 00:12:42,510 Suze: should I do? Oh my God, I don't know. I'm 178 00:12:42,510 --> 00:12:48,390 Suze: so nervous. And that's when you tend to make serious mistakes. 179 00:12:48,590 --> 00:12:52,909 Suze: So I personally think the best advice I could give 180 00:12:52,909 --> 00:12:57,150 Suze: all of you is stop looking at your portfolio. I'm 181 00:12:57,150 --> 00:13:00,710 Suze: not kidding. I'm really not kidding. 182 00:13:01,659 --> 00:13:05,020 Suze: That if you know you're invested correctly. 183 00:13:06,190 --> 00:13:10,710 Suze: Don't look at your portfolio every day. Obviously, if something 184 00:13:10,710 --> 00:13:14,070 Suze: starts to happen and the markets are going down, take 185 00:13:14,070 --> 00:13:15,590 Suze: advantage of it. All right. 186 00:13:16,429 --> 00:13:19,098 Suze: I was looking at the messages on the Women and 187 00:13:19,099 --> 00:13:22,580 Suze: Money community app, and somebody wrote me and said, Suze, 188 00:13:22,659 --> 00:13:24,859 Suze: can you just tell me when to buy when the 189 00:13:24,859 --> 00:13:30,340 Suze: markets are going down and when they're going up? Wrong question, wrong. 190 00:13:31,700 --> 00:13:35,190 Suze: It's not about if the markets are going up or 191 00:13:35,190 --> 00:13:39,080 Suze: the markets are going down. Sometimes you have to average up, 192 00:13:39,109 --> 00:13:43,349 Suze: and that's just how it is. So I want you 193 00:13:43,349 --> 00:13:44,469 Suze: not to worry. 194 00:13:45,330 --> 00:13:49,729 Suze: Again in 2025 we'll have to see what happens, but 195 00:13:49,729 --> 00:13:55,728 Suze: there are certain stocks that whether it's 2025 or 2026 196 00:13:55,729 --> 00:13:58,400 Suze: or whatever, I don't know what they're going to do, 197 00:13:58,409 --> 00:14:03,539 Suze: but over the long run, such as Apple, such as Tesla, 198 00:14:03,799 --> 00:14:06,690 Suze: such as NVIDIA, such as, and I could go on 199 00:14:06,690 --> 00:14:07,650 Suze: and on. 200 00:14:08,650 --> 00:14:10,570 Suze: There are stocks. 201 00:14:11,659 --> 00:14:15,209 Suze: That you just want to hold for the long run. Now, 202 00:14:15,260 --> 00:14:17,500 Suze: you might want to do an experiment. 203 00:14:18,700 --> 00:14:26,090 Suze: Go back to when Amazon first went public. Go back 204 00:14:26,380 --> 00:14:32,140 Suze: to when Apple first went public and just pretend. 205 00:14:32,799 --> 00:14:37,140 Suze: That you put $1000 in each one of them. 206 00:14:38,219 --> 00:14:42,020 Suze: And you forgot about it. You never looked at them again, 207 00:14:42,469 --> 00:14:45,260 Suze: and you even forgot that you invested in them. 208 00:14:46,380 --> 00:14:49,099 Suze: Why don't you look at how much money you would 209 00:14:49,099 --> 00:14:50,330 Suze: have today. 210 00:14:51,789 --> 00:14:55,679 Suze: I was there when Amazon went public, and I'll never 211 00:14:55,679 --> 00:14:58,049 Suze: forget saying to myself, who in the world wants to 212 00:14:58,049 --> 00:15:01,210 Suze: buy a stock that sells used books or anything, but 213 00:15:01,210 --> 00:15:03,570 Suze: I thought to myself, Amazon, hm. 214 00:15:04,570 --> 00:15:08,609 Suze: I'm an Amazon. That's a good reason to buy that stock. 215 00:15:09,659 --> 00:15:13,299 Suze: Apple. Well, that one was easy for me because it 216 00:15:13,299 --> 00:15:16,640 Suze: was Steve Wozniak and Steve Jobs that used to come 217 00:15:16,640 --> 00:15:21,739 Suze: into the Buttercup Bakery before they were Apple computer, and 218 00:15:21,739 --> 00:15:24,260 Suze: they had no money and I would serve them coffee 219 00:15:24,260 --> 00:15:29,900 Suze: and everything and then Steve's sister Leslie Wozniak came in 220 00:15:29,900 --> 00:15:32,820 Suze: because then here I am a stockbroker at the time 221 00:15:32,820 --> 00:15:33,659 Suze: at Merrill Lynch. 222 00:15:34,020 --> 00:15:36,409 Suze: And she was given quite a bit of apple stock, 223 00:15:36,429 --> 00:15:39,359 Suze: and I thought, well, I should do that stock as well. 224 00:15:40,179 --> 00:15:43,780 Suze: Now my biggest mistake with both of those is I 225 00:15:43,780 --> 00:15:46,770 Suze: thought when I was up 100% or 200% that I 226 00:15:46,770 --> 00:15:47,380 Suze: did well. 227 00:15:48,099 --> 00:15:50,919 Suze: And I did not hold on to them. 228 00:15:52,320 --> 00:15:56,520 Suze: Learn from my mistakes, and I can tell you that 229 00:15:56,520 --> 00:16:01,750 Suze: Tesla and other companies, even Apple, those will be companies 230 00:16:02,239 --> 00:16:06,590 Suze: that one day you'll go, why did I ever sell? 231 00:16:07,599 --> 00:16:08,510 Suze: All right. 232 00:16:09,510 --> 00:16:13,270 Suze: Now, let's talk about just a few more things. 233 00:16:14,909 --> 00:16:19,409 Suze: With inflation being where it is right now. 234 00:16:20,260 --> 00:16:23,969 Suze: And it being very hard to tame and it's hard 235 00:16:23,969 --> 00:16:28,489 Suze: to tame mainly because of insurance on homes that keep 236 00:16:28,489 --> 00:16:32,479 Suze: going up and up and up and other things, it 237 00:16:32,479 --> 00:16:35,729 Suze: is going to be more difficult for you if you 238 00:16:35,729 --> 00:16:40,770 Suze: already don't own a home to purchase a home. It 239 00:16:40,770 --> 00:16:42,049 Suze: just is. 240 00:16:42,539 --> 00:16:46,369 Suze: Because now that as I've said to you many times, 241 00:16:46,580 --> 00:16:51,500 Suze: mortgages are attached to the 10 year treasury note, and 242 00:16:51,500 --> 00:16:55,619 Suze: the 10 year treasury note may very well just be 243 00:16:55,619 --> 00:17:00,419 Suze: staying here or going up from here, so the chances 244 00:17:00,419 --> 00:17:05,540 Suze: of mortgage rates going down where we really believed that 245 00:17:05,540 --> 00:17:07,020 Suze: they were going to be going. 246 00:17:07,729 --> 00:17:12,029 Suze: I just don't think that's going to happen. You also 247 00:17:12,029 --> 00:17:16,947 Suze: have a 30 year treasury bond that I so loved 248 00:17:16,948 --> 00:17:19,667 Suze: and told all of you that I thought you should 249 00:17:19,667 --> 00:17:23,659 Suze: absolutely go into it because interest rates were going to 250 00:17:23,659 --> 00:17:27,187 Suze: go down. You would make money there and make the 251 00:17:27,188 --> 00:17:28,467 Suze: interest rate in the meantime. 252 00:17:29,540 --> 00:17:33,300 Suze: They're 4.7% now. I don't know if they're going to 253 00:17:33,300 --> 00:17:36,579 Suze: go down, but I would not be buying them at 254 00:17:36,579 --> 00:17:40,810 Suze: this point in time. I still like the middle curve, 255 00:17:41,060 --> 00:17:44,978 Suze: the 3 year, 5, and 7 years because you never 256 00:17:44,979 --> 00:17:48,819 Suze: know what could happen and as they mature, interest rates 257 00:17:48,819 --> 00:17:52,660 Suze: now could be a whole lot higher in terms of 258 00:17:52,660 --> 00:17:53,939 Suze: the short term. 259 00:17:54,430 --> 00:17:57,589 Suze: Where we were all telling you, you gotta get out 260 00:17:57,589 --> 00:18:00,270 Suze: of money market funds. Money market funds are gonna go 261 00:18:00,270 --> 00:18:03,199 Suze: down and down and down. Hey, you want to leave 262 00:18:03,199 --> 00:18:05,109 Suze: your money now in a money market fund or a 263 00:18:05,109 --> 00:18:06,540 Suze: high yield savings account? 264 00:18:07,489 --> 00:18:10,810 Suze: Paying you a decent interest rate, I don't have a 265 00:18:10,810 --> 00:18:12,760 Suze: problem with that at all anymore. 266 00:18:13,650 --> 00:18:19,280 Suze: It's impossible to predict that this was going to happen. 267 00:18:20,969 --> 00:18:25,189 Suze: In fact, nobody thought that what was going to happen 268 00:18:25,189 --> 00:18:29,229 Suze: last week happened when it came to interest rates. So 269 00:18:29,229 --> 00:18:34,349 Suze: now we just have to see really what happens with inflation, 270 00:18:34,510 --> 00:18:39,349 Suze: where interest rates go, how everything is affected, and make 271 00:18:39,349 --> 00:18:42,920 Suze: our moves from certainty versus being uncertain. 272 00:18:43,449 --> 00:18:46,689 Suze: Because you have to be uncertain now because there's certain 273 00:18:46,689 --> 00:18:50,930 Suze: people in power that seem to be uncertain as well. 274 00:18:51,680 --> 00:18:55,359 Suze: However, when you have diversification. 275 00:18:56,510 --> 00:19:00,469 Suze: Which means you have some money in bonds, OK, but 276 00:19:00,469 --> 00:19:04,589 Suze: you have money in stocks, dividend paying stocks, whatever it 277 00:19:04,589 --> 00:19:08,109 Suze: may be that you are certain about. 278 00:19:08,949 --> 00:19:11,859 Suze: Then no matter what I really think you're going to 279 00:19:11,859 --> 00:19:19,949 Suze: come out ahead, so don't let your uncertainty about situations 280 00:19:19,949 --> 00:19:27,510 Suze: sabotage your financial wealth that could probably come years from now. 281 00:19:28,430 --> 00:19:32,099 Suze: Before I end, I want to talk about Bitcoin. 282 00:19:32,849 --> 00:19:36,400 Suze: Now, I get there's a lot of controversy about Bitcoin. 283 00:19:37,209 --> 00:19:40,599 Suze: About any crypto, a lot of people don't like it. 284 00:19:40,699 --> 00:19:43,229 Suze: A lot of people don't like that I talk about it. 285 00:19:43,550 --> 00:19:46,670 Suze: But remember, everybody, what have I always said to you? 286 00:19:46,790 --> 00:19:51,659 Suze: You only invest with money that you can afford to lose. 287 00:19:52,420 --> 00:19:58,589 Suze: But the misunderstanding is that because Bitcoin, let's say, is 288 00:19:58,589 --> 00:20:02,159 Suze: around $100,000 or wherever it goes to, right, that for 289 00:20:02,160 --> 00:20:06,390 Suze: you to buy Bitcoin you need $100,000 to buy a bitcoin. 290 00:20:06,439 --> 00:20:11,280 Suze: That is not true. You can buy $100 a bitcoin, 291 00:20:11,359 --> 00:20:15,079 Suze: $200 a bitcoin, the actual bitcoin. 292 00:20:15,900 --> 00:20:19,319 Suze: You could do it at PayPal at many different places 293 00:20:19,319 --> 00:20:20,329 Suze: you can do that. 294 00:20:21,050 --> 00:20:26,709 Suze: So that's one thing misunderstanding there big time. I personally 295 00:20:27,420 --> 00:20:29,579 Suze: Only buy Bitcoin now. 296 00:20:30,660 --> 00:20:35,069 Suze: Through an exchange traded fund by the name of iBIT 297 00:20:35,069 --> 00:20:39,069 Suze: I B I T which I've told you all about 298 00:20:39,380 --> 00:20:43,810 Suze: now while it's true, when Bitcoin soars, the ETF does 299 00:20:43,810 --> 00:20:47,260 Suze: not go up as much percentage wise as the actual 300 00:20:47,260 --> 00:20:52,069 Suze: coin did, but I just personally feel safe doing that. 301 00:20:52,339 --> 00:20:56,708 Suze: And even there you don't have to buy an entire 302 00:20:56,709 --> 00:20:58,020 Suze: share of something. 303 00:20:58,410 --> 00:21:01,170 Suze: If you have an account at Fidelity or Schwab or 304 00:21:01,170 --> 00:21:05,800 Suze: any of the firms Robin Hood that let you buy slices, 305 00:21:06,010 --> 00:21:08,728 Suze: you can call up and say, Hey, I want $20 306 00:21:08,729 --> 00:21:10,649 Suze: of iBIT - IBIT. 307 00:21:11,680 --> 00:21:15,339 Suze: So you don't have to go in with a whole 308 00:21:15,339 --> 00:21:20,099 Suze: lot of money just so you know for those of 309 00:21:20,099 --> 00:21:22,540 Suze: you who do not follow me on the Women in 310 00:21:22,540 --> 00:21:23,500 Suze: Money app. 311 00:21:24,839 --> 00:21:27,400 Suze: Which you can download, by the way, at Google Play 312 00:21:27,400 --> 00:21:30,560 Suze: or Apple Apps. A lot of times I will go 313 00:21:30,560 --> 00:21:34,650 Suze: on and I will say certain things about what I 314 00:21:34,650 --> 00:21:35,839 Suze: think's gonna happen. 315 00:21:36,579 --> 00:21:40,839 Suze: And I did that with Bitcoin. I was concerned that 316 00:21:40,839 --> 00:21:47,000 Suze: if Bitcoin did not hold over $100,000 of bitcoin, that 317 00:21:47,000 --> 00:21:52,469 Suze: most likely it was going to go back down again. However, 318 00:21:52,729 --> 00:21:55,199 Suze: Bitcoin went down and then it went all the way 319 00:21:55,199 --> 00:21:58,479 Suze: up to 108, and that didn't bother me. 320 00:21:58,829 --> 00:22:01,439 Suze: I was just patient, then it went all the way 321 00:22:01,439 --> 00:22:05,369 Suze: back down to like 95 when I bought in again 322 00:22:05,369 --> 00:22:09,329 Suze: with iBIT. However, I also posted. 323 00:22:10,140 --> 00:22:13,300 Suze: On the Women and Money app. Hey, maybe now might 324 00:22:13,300 --> 00:22:14,150 Suze: be a time. 325 00:22:15,010 --> 00:22:18,170 Suze: Now it's very possible that Bitcoin could go back down 326 00:22:18,170 --> 00:22:19,119 Suze: even further. 327 00:22:19,750 --> 00:22:23,449 Suze: I do believe that over the long run here. 328 00:22:24,140 --> 00:22:30,329 Suze: I would not be surprised to see it at $125,000. Now, 329 00:22:30,439 --> 00:22:32,869 Suze: I don't know if that's going to happen. That's not 330 00:22:32,869 --> 00:22:35,670 Suze: gonna happen. I have no idea. 331 00:22:36,310 --> 00:22:38,810 Suze: But I don't think it hurts with money that you 332 00:22:38,810 --> 00:22:42,050 Suze: can afford to lose, and you want to try a 333 00:22:42,050 --> 00:22:45,819 Suze: little of it $100 200 dollars doesn't matter. 334 00:22:46,819 --> 00:22:50,780 Suze: OK, I don't have a problem with that, but it's 335 00:22:50,780 --> 00:22:54,180 Suze: not like I'm going hog wild and putting a whole 336 00:22:54,180 --> 00:22:59,150 Suze: lot of money in Bitcoin. I am not, just so 337 00:22:59,150 --> 00:22:59,890 Suze: you know. 338 00:23:01,550 --> 00:23:05,380 Suze: I wish all of you seriously a very, very merry 339 00:23:05,380 --> 00:23:07,020 Suze: Christmas and a happy Hanukkah. 340 00:23:07,859 --> 00:23:12,650 Suze: I hope that it's a day whether you're alone or 341 00:23:12,650 --> 00:23:16,609 Suze: with family or whoever just your pets that it's a 342 00:23:16,609 --> 00:23:21,050 Suze: day that the greatest gift you could give yourself is 343 00:23:21,050 --> 00:23:27,160 Suze: the gift of self-love, the gift of truly valuing yourself, 344 00:23:27,650 --> 00:23:30,129 Suze: the gift of standing in your truth. 345 00:23:31,010 --> 00:23:36,430 Suze: And the gift of just being proud of who you are, 346 00:23:36,839 --> 00:23:38,198 Suze: I hope that's the gift 347 00:23:38,849 --> 00:23:44,880 Suze: that all of you unwrap for yourself on that day. 348 00:23:43,989 --> 00:24:12,699 Suze: All right, everybody, there's only one thing that I really 349 00:24:12,699 --> 00:24:14,530 Suze: want you to remember when it comes to your money, 350 00:24:14,660 --> 00:24:20,130 Suze: and it is this people first, then money, then things. 351 00:24:20,500 --> 00:24:25,139 Suze: And if you do that, stay healthy and stay strong. 352 00:24:25,959 --> 00:24:30,689 Suze: I promise you you will be unstoppable.