1 00:00:31,110 --> 00:00:34,430 Suze: October 8, 2023, Welcome everybody to the Women and Money podcast as well 2 00:00:34,439 --> 00:00:38,770 Suze: as everybody smart enough to listen, Suze O, here and 3 00:00:38,779 --> 00:00:43,049 Suze: before I begin today's Suze school, I just have to 4 00:00:43,060 --> 00:00:49,209 Suze: note that October 8th is a really, really important date 5 00:00:49,220 --> 00:00:50,848 Suze: in my life 6 00:00:51,430 --> 00:00:56,849 Suze: because it was on October 8th actually in 1926 7 00:00:57,970 --> 00:01:00,110 Suze: 97 years ago, 8 00:01:00,919 --> 00:01:05,029 Suze: that a woman by the name of Louise Lynn Hay 9 00:01:05,080 --> 00:01:06,860 Suze: was born 10 00:01:07,800 --> 00:01:11,378 Suze: and I always loved that because my middle name is 11 00:01:11,389 --> 00:01:13,550 Suze: Lynn and I always felt like, oh, I have the 12 00:01:13,559 --> 00:01:17,099 Suze: same name kind of as Louise Hay. And if you 13 00:01:17,110 --> 00:01:21,750 Suze: don't know who she was because she died on August 14 00:01:21,760 --> 00:01:29,899 Suze: 30th 2017. She was a serious pioneer in the world 15 00:01:29,910 --> 00:01:32,900 Suze: of self transformation. 16 00:01:33,230 --> 00:01:38,059 Suze: In 1984. She wrote a book called You Can Heal 17 00:01:38,069 --> 00:01:42,660 Suze: Your Life. And isn't that what we all want? We 18 00:01:42,669 --> 00:01:46,139 Suze: want to be able to heal our lives so that 19 00:01:46,150 --> 00:01:50,849 Suze: we're happy so that we're healthy. So that we feel whole. 20 00:01:51,379 --> 00:01:58,879 Suze: And that book went on to sell over 35 million copies. Now, 21 00:01:58,889 --> 00:02:04,680 Suze: that is an extraordinary amount of books that makes her 22 00:02:04,690 --> 00:02:10,000 Suze: one of the best selling authors of all time. But 23 00:02:10,008 --> 00:02:14,960 Suze: also in 1984 at the same time, she published You 24 00:02:14,970 --> 00:02:20,389 Suze: Can Heal Your Life. She founded Hay House Publishing. 25 00:02:20,679 --> 00:02:23,479 Suze: And as you know, over the years you have heard 26 00:02:23,490 --> 00:02:28,330 Suze: me talk about hey house publishing, they published my very 27 00:02:28,339 --> 00:02:32,919 Suze: last book, the ultimate Retirement guide for 50 plus. They 28 00:02:32,929 --> 00:02:37,649 Suze: are now the publisher of the must have documents and 29 00:02:37,820 --> 00:02:42,660 Suze: they have just been such a vital part of my life. 30 00:02:42,669 --> 00:02:46,970 Suze: And Louise was an incredible part of my life. 31 00:02:47,460 --> 00:02:49,799 Suze: I had the great good fortune of being with her 32 00:02:49,809 --> 00:02:53,720 Suze: so many times. So today is a day 33 00:02:54,720 --> 00:02:57,869 Suze: that we all have to honor because today is the 34 00:02:57,880 --> 00:03:02,070 Suze: day that this woman was born and changed the lives 35 00:03:02,080 --> 00:03:07,740 Suze: of millions and millions of people for the best. All right. 36 00:03:08,258 --> 00:03:14,179 Suze: So now we go to Suze School today. Suze School 37 00:03:14,220 --> 00:03:15,779 Suze: is an interesting one 38 00:03:16,380 --> 00:03:20,440 Suze: because it may not apply right now to all of you, 39 00:03:20,669 --> 00:03:24,369 Suze: but it applies to many, many of you who have 40 00:03:24,380 --> 00:03:28,279 Suze: listened to me over the past three years when in 41 00:03:28,288 --> 00:03:33,820 Suze: March of 2020 I started to talk about energy stocks. 42 00:03:33,830 --> 00:03:39,429 Suze: But on today's podcast, I'm going to concentrate on Pioneer 43 00:03:39,440 --> 00:03:43,839 Suze: Natural Resources symbol is PXD. 44 00:03:44,529 --> 00:03:49,070 Suze: And the reason that I'm concentrating on PXD today is 45 00:03:49,080 --> 00:03:50,779 Suze: because Friday. 46 00:03:51,720 --> 00:03:54,179 Suze: October 6th. 47 00:03:55,479 --> 00:04:01,660 Suze: There was an announcement that ExxonMobil wants to acquire, which 48 00:04:01,669 --> 00:04:10,490 Suze: means wants to buy PXD for $60 billion. You saw 49 00:04:10,500 --> 00:04:11,490 Suze: a jump 50 00:04:12,130 --> 00:04:17,130 Suze: from the day before October 5th where PXD was trading 51 00:04:17,140 --> 00:04:23,880 Suze: at $213 a share all the way up to $237 52 00:04:23,890 --> 00:04:27,549 Suze: a share where it closed on Friday. 53 00:04:28,299 --> 00:04:31,649 Suze: So what that means to all of you is that 54 00:04:31,660 --> 00:04:39,678 Suze: depending on what happens with this deal, ExxonMobil will acquire PXD, 55 00:04:40,320 --> 00:04:44,579 Suze: which means that whatever share price they decide on and 56 00:04:44,589 --> 00:04:48,988 Suze: nobody knows your shares will go from PXD 57 00:04:49,829 --> 00:04:56,070 Suze: to ExxonMobil, depending on the price that they get for 58 00:04:56,079 --> 00:05:00,540 Suze: PXD as well as what Exxon is trading for at 59 00:05:00,549 --> 00:05:01,769 Suze: the time. 60 00:05:02,640 --> 00:05:04,820 Suze: Now, I want you to put a pin in this 61 00:05:04,829 --> 00:05:05,859 Suze: for a second 62 00:05:06,760 --> 00:05:10,130 Suze: and I want you to go back in your head 63 00:05:10,140 --> 00:05:13,230 Suze: and if you haven't heard this podcast, I want you 64 00:05:13,238 --> 00:05:16,920 Suze: to go back to that podcast that was on February 65 00:05:16,928 --> 00:05:23,349 Suze: 5th of this year 2023 where I was giving an 66 00:05:23,359 --> 00:05:29,190 Suze: example of when you switch from one stock to another 67 00:05:29,200 --> 00:05:33,750 Suze: stock because you will get actually more money on the dividend. 68 00:05:34,238 --> 00:05:38,539 Suze: And at the time, the example that I gave was 69 00:05:38,549 --> 00:05:41,019 Suze: coming out of Chevron, 70 00:05:41,950 --> 00:05:46,279 Suze: which was $169.50 at the time 71 00:05:47,299 --> 00:05:48,690 Suze: selling that 72 00:05:49,399 --> 00:05:55,539 Suze: especially if it is in your retirement account and buying PXD, 73 00:05:55,549 --> 00:06:00,578 Suze: which was at $220 at the time and how you 74 00:06:00,589 --> 00:06:04,690 Suze: can make so much more in dividends and income. If 75 00:06:04,700 --> 00:06:05,859 Suze: you did that, 76 00:06:06,600 --> 00:06:10,419 Suze: I want you also to remember that the point of 77 00:06:10,428 --> 00:06:15,440 Suze: why I wanted you to buy pxd as well as Devon. 78 00:06:15,570 --> 00:06:19,579 Suze: But we're sticking with PXD right now was because of 79 00:06:19,589 --> 00:06:20,659 Suze: the dividend. 80 00:06:21,320 --> 00:06:24,179 Suze: And I kept saying to all of you do not 81 00:06:24,190 --> 00:06:30,480 Suze: pay attention if PXD goes up or it goes down. Obviously, 82 00:06:30,488 --> 00:06:33,579 Suze: you could dollar cost average, especially if it goes down, 83 00:06:33,700 --> 00:06:39,459 Suze: but do not pay attention to the price of PXD 84 00:06:39,630 --> 00:06:45,549 Suze: because the reason that you've purchased it was for the dividend. 85 00:06:46,209 --> 00:06:49,220 Suze: And now I'm getting emails from many of you saying 86 00:06:49,230 --> 00:06:50,579 Suze: your heart is broken 87 00:06:50,940 --> 00:06:53,890 Suze: because if they take the stock, you're gonna lose that 88 00:06:53,899 --> 00:06:56,540 Suze: amount of dividend and what should you do? And now 89 00:06:56,549 --> 00:06:58,799 Suze: you're all confused. 90 00:07:00,010 --> 00:07:02,260 Suze: Listen to me closely. 91 00:07:03,480 --> 00:07:06,299 Suze: There is a deal on the table 92 00:07:07,109 --> 00:07:09,529 Suze: now, I don't know what's going to happen with that deal. 93 00:07:09,540 --> 00:07:13,420 Suze: I'll know more on Monday and possibly do a pop 94 00:07:13,429 --> 00:07:17,859 Suze: up podcast about it or wait until Thursday as to 95 00:07:17,869 --> 00:07:20,239 Suze: what we really think about the deal. 96 00:07:20,970 --> 00:07:24,359 Suze: But for many of you, not all of you but 97 00:07:24,369 --> 00:07:27,850 Suze: many of you because you did dollar cost average because 98 00:07:27,859 --> 00:07:29,690 Suze: you were smart about it. 99 00:07:30,339 --> 00:07:37,399 Suze: You have made a serious profit in PXD. Many of 100 00:07:37,410 --> 00:07:41,089 Suze: you have a cost basis on PXD because you're writing 101 00:07:41,100 --> 00:07:46,339 Suze: me of $170 a share. Many of you have a 102 00:07:46,350 --> 00:07:50,570 Suze: cost basis of $200 a share. And many of you, 103 00:07:50,579 --> 00:07:53,519 Suze: because you did not dollar cost average as I asked 104 00:07:53,529 --> 00:07:57,549 Suze: you to do, you're at $280 a share and you're 105 00:07:57,559 --> 00:07:59,269 Suze: sitting at a loss here. 106 00:08:00,339 --> 00:08:03,799 Suze: Now, the reason that it's very difficult for me to 107 00:08:03,809 --> 00:08:08,750 Suze: tell you exactly what you should do. Take out your 108 00:08:08,760 --> 00:08:10,630 Suze: Suze notebooks right now. 109 00:08:11,739 --> 00:08:14,470 Suze: The reason that it's difficult for me to tell you 110 00:08:14,480 --> 00:08:19,989 Suze: exactly what you should do is I don't know if 111 00:08:20,000 --> 00:08:25,369 Suze: you own PXD within a retirement account. So if you 112 00:08:25,380 --> 00:08:29,480 Suze: were to sell it, there is no tax ramifications whatsoever. 113 00:08:30,320 --> 00:08:34,820 Suze: If it's outside of a retirement account, I do not 114 00:08:34,830 --> 00:08:38,010 Suze: know when you bought it. So I don't know if 115 00:08:38,020 --> 00:08:42,619 Suze: you sold it today or actually on Monday, when the 116 00:08:42,630 --> 00:08:46,369 Suze: markets open again, I don't know if you sold it, 117 00:08:46,469 --> 00:08:48,939 Suze: if it would be a short term gain, 118 00:08:49,469 --> 00:08:53,630 Suze: which means it would be taxed to you as ordinary income. 119 00:08:53,679 --> 00:08:57,369 Suze: Whatever your gain on the stock would be, it's added 120 00:08:57,380 --> 00:09:01,869 Suze: to your income and taxed as ordinary income. Or if 121 00:09:01,880 --> 00:09:05,929 Suze: you've held it now for over a year and you 122 00:09:05,940 --> 00:09:10,569 Suze: would be taxed as capital gains. And for many of 123 00:09:10,580 --> 00:09:16,119 Suze: you that have income of $44,000 a year or less, 124 00:09:17,510 --> 00:09:22,520 Suze: no matter what, if you sold it as a capital gain, 125 00:09:22,530 --> 00:09:26,030 Suze: you held it over a year, you would pay 0% 126 00:09:26,150 --> 00:09:30,390 Suze: in capital gains tax. So it is impossible for me 127 00:09:30,400 --> 00:09:35,409 Suze: to know what you should do in your particular situation 128 00:09:36,419 --> 00:09:39,950 Suze: based on when you bought it, what your taxes are 129 00:09:39,960 --> 00:09:42,710 Suze: going to be. Is it in a retirement account? Is 130 00:09:42,719 --> 00:09:47,580 Suze: it not and so forth? But here's what I do 131 00:09:47,590 --> 00:09:48,109 Suze: know 132 00:09:50,000 --> 00:09:53,218 Suze: when we did this, we did it for the dividend. 133 00:09:53,809 --> 00:09:58,580 Suze: We did not do it to become part of ExxonMobil, 134 00:09:58,590 --> 00:10:02,460 Suze: which is one of the largest energy conglomerates out there. 135 00:10:03,190 --> 00:10:08,270 Suze: And their current dividend, which is at 91 cents a 136 00:10:08,280 --> 00:10:10,409 Suze: quarter per share 137 00:10:11,150 --> 00:10:17,809 Suze: is equal to only 3.40% on your money. 138 00:10:18,489 --> 00:10:19,229 Suze: Now, 139 00:10:20,400 --> 00:10:23,979 Suze: I want you not to get confused because many of 140 00:10:23,989 --> 00:10:28,280 Suze: you are figuring this incorrectly. So I'm going to give 141 00:10:28,289 --> 00:10:33,780 Suze: you an example of why I would not want you 142 00:10:33,960 --> 00:10:39,390 Suze: to be converting to ExxonMobil to get the dividend there. 143 00:10:39,590 --> 00:10:42,830 Suze: I think there are better things for you to do 144 00:10:42,840 --> 00:10:46,780 Suze: with this money if this deal goes through 145 00:10:47,549 --> 00:10:52,210 Suze: than to just let it convert and now you own ExxonMobil. 146 00:10:52,219 --> 00:10:56,689 Suze: That is not something I would want you to do. 147 00:10:57,619 --> 00:11:01,929 Suze: Now, the confusion comes in how all of you are 148 00:11:01,940 --> 00:11:06,159 Suze: figuring this out. A lot of you are figuring well, 149 00:11:06,619 --> 00:11:12,320 Suze: if they buy you out and it's now at $237 150 00:11:12,330 --> 00:11:15,270 Suze: a share and that's what they give you and you 151 00:11:15,280 --> 00:11:20,869 Suze: are converting it to ExxonMobil at $107 a share 152 00:11:21,530 --> 00:11:24,719 Suze: that you're gonna have double the amount of shares. So 153 00:11:24,729 --> 00:11:29,489 Suze: in essence, you'll still have the same dividend that PXD 154 00:11:29,500 --> 00:11:33,719 Suze: is paying you. I hope you follow that. But in 155 00:11:33,729 --> 00:11:37,228 Suze: case you didn't, I want to give you an example 156 00:11:37,239 --> 00:11:42,429 Suze: of why that thinking is absolutely wrong. 157 00:11:43,650 --> 00:11:46,479 Suze: So I need you to write this down. Now, I 158 00:11:46,489 --> 00:11:50,289 Suze: understand that this is technical and I understand that many 159 00:11:50,299 --> 00:11:52,989 Suze: of you are on your walk this morning going oh, 160 00:11:53,000 --> 00:11:54,989 Suze: I can't deal with this and you're just gonna shut 161 00:11:55,000 --> 00:11:58,710 Suze: this off. You cannot shut off your financial future. 162 00:11:59,940 --> 00:12:03,239 Suze: You cannot shut out things that might happen to you 163 00:12:03,250 --> 00:12:07,530 Suze: with another stock that you may be in. You have 164 00:12:07,539 --> 00:12:11,689 Suze: got to understand how this works. So I don't care 165 00:12:11,700 --> 00:12:14,239 Suze: that this is confusing for you or maybe this is 166 00:12:14,250 --> 00:12:17,450 Suze: hard for you. What you have to understand is every 167 00:12:17,460 --> 00:12:20,599 Suze: single one of you has the ability, including Katie 168 00:12:21,239 --> 00:12:25,559 Suze: has the ability to sit down, think about this so 169 00:12:25,570 --> 00:12:29,539 Suze: that you can make decisions on your own. Now, you 170 00:12:29,549 --> 00:12:32,718 Suze: may feel like my voice right now is sounding angry. 171 00:12:32,729 --> 00:12:36,679 Suze: It's not my voice. Hopefully has a lot of encouragement 172 00:12:36,690 --> 00:12:37,219 Suze: in it 173 00:12:38,000 --> 00:12:40,840 Suze: because I do want you to be the masters of 174 00:12:40,849 --> 00:12:44,229 Suze: your own financial destiny. I do want you to be 175 00:12:44,239 --> 00:12:47,460 Suze: able to heal your financial life. 176 00:12:48,219 --> 00:12:52,559 Suze: I want you to understand how to make decisions like 177 00:12:52,570 --> 00:12:55,719 Suze: this because what if I wasn't here right now to 178 00:12:55,859 --> 00:13:00,159 Suze: talk to you about this? Where would you go? Who 179 00:13:00,169 --> 00:13:03,309 Suze: would you know that you can trust? And I know 180 00:13:03,320 --> 00:13:05,640 Suze: you can trust me because I have nothing to gain 181 00:13:05,650 --> 00:13:07,760 Suze: from it one way or the other. 182 00:13:08,530 --> 00:13:13,309 Suze: So here happens to be the example that I am 183 00:13:13,320 --> 00:13:16,590 Suze: going to give you. Now, I have to use the 184 00:13:16,599 --> 00:13:21,239 Suze: example of a Roth IRA here, as many of you 185 00:13:21,260 --> 00:13:25,489 Suze: have written me and you have said, Suze, I bought 186 00:13:25,500 --> 00:13:29,869 Suze: PXD in my Roth IRA account. That was the only 187 00:13:29,880 --> 00:13:31,429 Suze: money I had. 188 00:13:32,239 --> 00:13:36,580 Suze: So now what should I do? So again, I'm going 189 00:13:36,590 --> 00:13:39,140 Suze: to use this example is if you did it in 190 00:13:39,150 --> 00:13:42,650 Suze: a Roth IRA, if you didn't do it in a 191 00:13:42,659 --> 00:13:47,030 Suze: Roth retirement account, you might need the help of a 192 00:13:47,039 --> 00:13:51,979 Suze: CPA or your accountant just to figure out how much 193 00:13:51,989 --> 00:13:55,760 Suze: tax you would owe on this if you did sell. 194 00:13:55,830 --> 00:13:57,260 Suze: All right. So 195 00:13:57,880 --> 00:14:05,150 Suze: let's just say that you invested $10,000 in a Roth 196 00:14:05,159 --> 00:14:07,500 Suze: IRA in PXD. 197 00:14:08,419 --> 00:14:11,309 Suze: And let's say over the time that you had invested 198 00:14:11,320 --> 00:14:14,640 Suze: this $10,000 you were dollar cost averaging, 199 00:14:15,299 --> 00:14:18,890 Suze: you bought some higher, some lower. But now you have 200 00:14:18,900 --> 00:14:23,719 Suze: an average price of $200 a share and you own 201 00:14:23,729 --> 00:14:25,710 Suze: 50 shares. 202 00:14:26,320 --> 00:14:31,940 Suze: So you invested $10,000. Your cost is $200 a share 203 00:14:32,270 --> 00:14:37,900 Suze: and you own 50 shares right now as we speak. 204 00:14:38,710 --> 00:14:43,969 Suze: PXD is at $237 a share. 205 00:14:44,869 --> 00:14:52,650 Suze: You have 50 shares. That means your $10,000 has grown 206 00:14:52,659 --> 00:14:57,690 Suze: to $11,850. Write it down. 207 00:14:59,250 --> 00:15:07,989 Suze: That is an $1850 gain or an 18.5% return on 208 00:15:08,000 --> 00:15:09,150 Suze: your money. 209 00:15:09,909 --> 00:15:15,190 Suze: What we haven't included in that return are the extraordinary 210 00:15:15,200 --> 00:15:20,809 Suze: dividends that pxd has given you over the time that 211 00:15:20,820 --> 00:15:22,369 Suze: you have owned it. 212 00:15:23,359 --> 00:15:26,619 Suze: But that's ok. They've given you those dividends. We don't 213 00:15:26,630 --> 00:15:30,409 Suze: even need to calculate that. But this has been for 214 00:15:30,419 --> 00:15:34,140 Suze: most of you, a tremendous investment 215 00:15:35,150 --> 00:15:43,849 Suze: as of Friday, ExxonMobil closed at $107 a share. 216 00:15:45,260 --> 00:15:49,549 Suze: If they were to take you over right now, 217 00:15:50,400 --> 00:15:55,049 Suze: if their cost is $107 a share for ExxonMobil, 218 00:15:56,479 --> 00:16:02,260 Suze: you now have 50 shares at $237 a share. You 219 00:16:02,270 --> 00:16:11,070 Suze: would end up with 110 shares of ExxonMobil. 110 shares 220 00:16:11,250 --> 00:16:19,900 Suze: times $107 a share is the $11,850 of what you 221 00:16:19,909 --> 00:16:23,409 Suze: have in current value of PXD. 222 00:16:24,400 --> 00:16:27,080 Suze: So for all of you to figure out how many 223 00:16:27,090 --> 00:16:31,020 Suze: shares you would get, write this down, 224 00:16:31,690 --> 00:16:38,479 Suze: you would look at the current value of PXD, $237 225 00:16:38,770 --> 00:16:43,940 Suze: times the number of shares you own. And that would 226 00:16:43,950 --> 00:16:48,669 Suze: give you how much you have invested in PXD, what 227 00:16:48,679 --> 00:16:50,380 Suze: it's worth right now. 228 00:16:51,179 --> 00:16:56,520 Suze: And you would divide that by $107 the close of 229 00:16:56,530 --> 00:17:00,280 Suze: Friday just to give you an idea. And I don't 230 00:17:00,289 --> 00:17:03,020 Suze: know this is what the final numbers are going to be, 231 00:17:03,580 --> 00:17:05,859 Suze: but just to give you an idea of how many 232 00:17:05,869 --> 00:17:11,479 Suze: shares you would end up with ExxonMobil? Are you following me? 233 00:17:11,489 --> 00:17:14,198 Suze: It is not that difficult. Ok. 234 00:17:15,140 --> 00:17:20,239 Suze: Now, what you have to remember is that ExxonMobil pays 235 00:17:20,250 --> 00:17:27,599 Suze: 91 cents a share a quarter or $3.64 a year 236 00:17:28,130 --> 00:17:29,880 Suze: in dividends. 237 00:17:30,540 --> 00:17:32,400 Suze: In this example, 238 00:17:33,109 --> 00:17:38,208 Suze: if you had 110 shares of ExxonMobil, 239 00:17:39,229 --> 00:17:43,839 Suze: when it converts, if this deal goes through, you would 240 00:17:43,849 --> 00:17:48,869 Suze: have $400 a year in dividends. 241 00:17:49,630 --> 00:17:54,109 Suze: Now, many of you are saying, well, truthfully, that's not 242 00:17:54,119 --> 00:18:00,389 Suze: so bad, Suze, because I invested $10,000. Now, I'm going 243 00:18:00,400 --> 00:18:02,889 Suze: to get $400 a year. 244 00:18:03,680 --> 00:18:09,739 Suze: So that's a 4% return on my money. Not so bad. 245 00:18:09,989 --> 00:18:14,699 Suze: If you are thinking this way, no, that is not 246 00:18:14,709 --> 00:18:18,180 Suze: how you should be thinking about this because if you're 247 00:18:18,189 --> 00:18:23,459 Suze: thinking about it this way, you missed the entire point 248 00:18:23,579 --> 00:18:27,579 Suze: of the podcast that I gave on February 3rd of 249 00:18:27,589 --> 00:18:28,619 Suze: this year, 250 00:18:29,280 --> 00:18:34,859 Suze: it is not what you originally invested. It's what is 251 00:18:34,869 --> 00:18:39,530 Suze: that investment worth to you right now? Because if you 252 00:18:39,540 --> 00:18:46,819 Suze: were to sell, you could take that $11,850 invested in 253 00:18:46,829 --> 00:18:49,930 Suze: a three month T bill right now, which is paying 254 00:18:49,939 --> 00:18:52,420 Suze: approximately 5.5%. 255 00:18:53,189 --> 00:18:56,790 Suze: And if it continues to pay that, and it well, 256 00:18:56,800 --> 00:19:00,099 Suze: very well could even pay more than that over this year. 257 00:19:00,599 --> 00:19:07,010 Suze: That's $651 a year. Versus $400 a year in dividends, 258 00:19:07,020 --> 00:19:12,459 Suze: which is $251 more than what you would be getting 259 00:19:12,469 --> 00:19:14,379 Suze: in ExxonMobil. 260 00:19:14,859 --> 00:19:19,030 Suze: Now, I know a lot of you may say, but Suze, 261 00:19:19,040 --> 00:19:22,800 Suze: you keep saying oil is gonna go up, everything's gonna happen. 262 00:19:22,810 --> 00:19:26,439 Suze: Maybe we need to be in an oil company. Yeah, 263 00:19:26,449 --> 00:19:30,030 Suze: maybe so. But maybe there's better ones to be in 264 00:19:30,040 --> 00:19:34,349 Suze: at this point in time than ExxonMobil. Or maybe 265 00:19:34,979 --> 00:19:39,180 Suze: there is a better dividend paying stock that you can 266 00:19:39,189 --> 00:19:44,130 Suze: be in all together that pays you 5.46% on your 267 00:19:44,140 --> 00:19:47,839 Suze: money and has a big possibility for growth. But we'll 268 00:19:47,849 --> 00:19:51,280 Suze: get to that in another second here. 269 00:19:52,150 --> 00:19:54,770 Suze: The reason that I want you at this point in 270 00:19:54,780 --> 00:19:58,819 Suze: time to be a little bit more careful is when 271 00:19:58,829 --> 00:20:01,119 Suze: something like this is happening 272 00:20:01,760 --> 00:20:04,510 Suze: and listen, if it doesn't happen, then I'm leaving you 273 00:20:04,520 --> 00:20:08,140 Suze: right in PXD, you're gonna stay right there. But it 274 00:20:08,150 --> 00:20:12,119 Suze: is very probable that if this does not go through, 275 00:20:12,359 --> 00:20:19,060 Suze: you will see PXD absolutely fall dramatically at that point 276 00:20:19,069 --> 00:20:25,609 Suze: in time. Remember it was at $189 a share in 277 00:20:25,619 --> 00:20:27,180 Suze: March of this year. 278 00:20:27,760 --> 00:20:32,770 Suze: It was at $199 a share in May 31st of 279 00:20:32,780 --> 00:20:38,260 Suze: this year, it was at $213 a share the day 280 00:20:38,270 --> 00:20:40,780 Suze: before this happened. 281 00:20:41,410 --> 00:20:44,698 Suze: So you have to decide, do you want to take 282 00:20:44,709 --> 00:20:47,829 Suze: this price? Now, lock it in 283 00:20:48,910 --> 00:20:54,260 Suze: and be ok or if it doesn't go through, are 284 00:20:54,270 --> 00:20:58,140 Suze: you happy with the dividends? And you don't care if 285 00:20:58,150 --> 00:21:03,829 Suze: it goes up and down in value because it absolutely will. 286 00:21:04,400 --> 00:21:07,698 Suze: But one of the reasons that I'm wanting you possibly 287 00:21:08,189 --> 00:21:11,890 Suze: to be more secure is this, 288 00:21:13,550 --> 00:21:15,290 Suze: oh boy, you know, 289 00:21:16,329 --> 00:21:20,639 Suze: every time I turn on the TV, and I see 290 00:21:20,650 --> 00:21:24,829 Suze: the news, it starts to make me crazy 291 00:21:25,699 --> 00:21:31,948 Suze: because it's very, very difficult to make wise financial decisions 292 00:21:32,430 --> 00:21:38,879 Suze: in a very disruptive environment on every level in this world. Today. 293 00:21:39,640 --> 00:21:44,449 Suze: On Saturday, Israel officially announced that they were at war. 294 00:21:45,449 --> 00:21:50,329 Suze: We have a country where it seems almost every single 295 00:21:50,339 --> 00:21:51,389 Suze: industry 296 00:21:52,219 --> 00:21:56,579 Suze: is about to go on strike or ready to go 297 00:21:56,589 --> 00:21:57,640 Suze: on strike. 298 00:21:58,469 --> 00:22:03,400 Suze: Right? We have floods in New York City in Hong 299 00:22:03,410 --> 00:22:08,369 Suze: Kong all over the world. We have salt water polluting 300 00:22:08,579 --> 00:22:13,140 Suze: the fresh water of New Orleans. And so they're not 301 00:22:13,150 --> 00:22:17,170 Suze: going to have drinking water sooner than later. We have drought, 302 00:22:17,180 --> 00:22:21,449 Suze: we have everything going on. It seems that we have 303 00:22:21,459 --> 00:22:23,930 Suze: more and more disagreements 304 00:22:24,400 --> 00:22:29,169 Suze: with China and Russia which is very dangerous, who knows 305 00:22:29,180 --> 00:22:32,339 Suze: what's going to happen with Ukraine because we happen to 306 00:22:32,349 --> 00:22:37,129 Suze: have a congress that now is at war with one another. 307 00:22:37,140 --> 00:22:40,650 Suze: We have one party where they have war within their 308 00:22:40,660 --> 00:22:44,099 Suze: own party. How do you make decisions when there is 309 00:22:44,109 --> 00:22:47,780 Suze: war within our political parties? 310 00:22:48,369 --> 00:22:53,959 Suze: And we have all these unknown effects in every possible 311 00:22:53,969 --> 00:22:59,050 Suze: way with artificial intelligence and how it's going to affect 312 00:22:59,420 --> 00:23:03,670 Suze: the jobs and everything and therefore how does that affect 313 00:23:03,680 --> 00:23:06,930 Suze: our debt and our deficits when we're living at a 314 00:23:06,939 --> 00:23:11,780 Suze: time where our income does not meet the debt that 315 00:23:11,790 --> 00:23:16,489 Suze: we owe on a national level. And it's just more 316 00:23:16,500 --> 00:23:17,410 Suze: chaotic 317 00:23:17,689 --> 00:23:21,910 Suze: than I've seen in a long, long time. 318 00:23:22,859 --> 00:23:27,479 Suze: So, you know, I thought about naming this podcast, how 319 00:23:27,489 --> 00:23:32,020 Suze: to heal your financial life in honor of Louise Hay. 320 00:23:32,530 --> 00:23:37,680 Suze: Because how do you heal your financial life? How do 321 00:23:37,689 --> 00:23:42,119 Suze: you do things that bring security to you in an 322 00:23:42,130 --> 00:23:45,150 Suze: insecure point of time? 323 00:23:46,229 --> 00:23:49,560 Suze: And I'm not saying to get out of the stock market. 324 00:23:49,569 --> 00:23:53,448 Suze: I'm not saying not to dollar cost average very slowly 325 00:23:53,459 --> 00:23:54,319 Suze: into it. 326 00:23:54,969 --> 00:24:00,109 Suze: But I have also been saying there's nothing wrong if 327 00:24:00,119 --> 00:24:02,430 Suze: you are feeling insecure, 328 00:24:03,540 --> 00:24:07,089 Suze: therefore, you are not achieving the goal of money, which 329 00:24:07,099 --> 00:24:12,189 Suze: is security. There is nothing wrong with taking moves right 330 00:24:12,199 --> 00:24:15,589 Suze: now to make yourself feel secure. 331 00:24:16,650 --> 00:24:20,739 Suze: And one of those moves just might be until we 332 00:24:20,750 --> 00:24:24,750 Suze: see what's happening. There's nothing wrong with going into a 333 00:24:24,760 --> 00:24:28,719 Suze: three month treasury bill or a six month treasury bill. 334 00:24:28,790 --> 00:24:33,410 Suze: I still want you to stay absolutely liquid and short 335 00:24:33,420 --> 00:24:37,030 Suze: term with the majority of your money that you want 336 00:24:37,040 --> 00:24:38,790 Suze: safe and sound. 337 00:24:39,160 --> 00:24:44,069 Suze: Yes. Again, I'm repeating, I've talked about 20 year, 10 year, 338 00:24:44,079 --> 00:24:47,270 Suze: 30 year treasury bonds, but I've said dip your toe 339 00:24:47,280 --> 00:24:51,459 Suze: in which means with such little amounts of money that 340 00:24:51,469 --> 00:24:56,199 Suze: those amounts would be insignificant there will be a time 341 00:24:56,209 --> 00:24:59,400 Suze: and I keep telling you this, that I will say 342 00:24:59,410 --> 00:25:00,939 Suze: let's go for it. 343 00:25:01,520 --> 00:25:05,939 Suze: I have no doubt that it is an absolute probability 344 00:25:05,949 --> 00:25:10,889 Suze: that we could see 2030 year bonds in the 5% 345 00:25:10,900 --> 00:25:14,099 Suze: or 6% or higher area. 346 00:25:14,920 --> 00:25:18,979 Suze: And then we'll know the move we should make. In 347 00:25:18,989 --> 00:25:22,420 Suze: the meantime, for those of you who have dipped your 348 00:25:22,430 --> 00:25:28,050 Suze: toe into the 30 year bonds as I have as 349 00:25:28,060 --> 00:25:30,948 Suze: interest rates go up, you will see the price of 350 00:25:30,959 --> 00:25:33,290 Suze: those bonds plummeting right now. 351 00:25:33,939 --> 00:25:38,270 Suze: But remember you did not buy them for that reason, 352 00:25:38,810 --> 00:25:42,239 Suze: they will go up and down in value. Exactly like 353 00:25:42,250 --> 00:25:45,560 Suze: PXD did, it went up, it went down, it went 354 00:25:45,569 --> 00:25:48,770 Suze: up and it went down and here we are because 355 00:25:48,780 --> 00:25:51,750 Suze: you did dollar cost average or you bought it at 356 00:25:51,760 --> 00:25:54,979 Suze: the right time, whatever it may be, you're going to 357 00:25:54,989 --> 00:25:58,270 Suze: be making money on it and you made a lot 358 00:25:58,280 --> 00:26:00,630 Suze: of money on it because of the dividend. 359 00:26:01,170 --> 00:26:09,468 Suze: Who cares if you're making 4.1% 4.3% 4.54 0.95%. When 360 00:26:09,479 --> 00:26:12,938 Suze: you average those all together, it will be a nice 361 00:26:12,949 --> 00:26:17,349 Suze: interest rate. And when interest rates eventually come down, 362 00:26:18,150 --> 00:26:22,400 Suze: that when you will see the price of those long 363 00:26:22,410 --> 00:26:26,459 Suze: term bonds skyrocket on you. So don't look at the 364 00:26:26,469 --> 00:26:31,040 Suze: loss right now that you will have on your statements 365 00:26:31,050 --> 00:26:34,188 Suze: if you happen to stick your toe into a 30 366 00:26:34,339 --> 00:26:36,479 Suze: year bond, it will be significant 367 00:26:37,349 --> 00:26:41,130 Suze: but it will be equally significant when interest rates start 368 00:26:41,140 --> 00:26:45,810 Suze: to go down. That is why I want your safe 369 00:26:45,819 --> 00:26:50,319 Suze: money either in money market funds paying 4.5%. But the 370 00:26:50,329 --> 00:26:55,109 Suze: truth is why get 4.5% when you could get 5.5% 371 00:26:55,119 --> 00:26:56,650 Suze: on a three month treasury. 372 00:26:57,689 --> 00:27:00,448 Suze: So go with a three month treasury or a six 373 00:27:00,459 --> 00:27:05,319 Suze: month treasury because again, they are guaranteed by the credit 374 00:27:05,329 --> 00:27:09,229 Suze: authority of the United States government and they're still the 375 00:27:09,239 --> 00:27:13,510 Suze: safest things out there for those of you who may 376 00:27:13,520 --> 00:27:16,909 Suze: want a little bit long term. You don't wanna keep 377 00:27:16,920 --> 00:27:20,609 Suze: redoing everything every three months or six months. All right, 378 00:27:20,619 --> 00:27:23,630 Suze: you wanna do a one year or two year certificate 379 00:27:23,640 --> 00:27:24,579 Suze: of deposit 380 00:27:25,079 --> 00:27:29,079 Suze: because you think treasuries are too complicated. All right, you 381 00:27:29,089 --> 00:27:32,150 Suze: can do that as well. I don't have a problem 382 00:27:32,160 --> 00:27:32,780 Suze: with that, 383 00:27:33,819 --> 00:27:38,319 Suze: but I'm just telling you my overall philosophy right now, 384 00:27:39,290 --> 00:27:40,359 Suze: some of you 385 00:27:41,199 --> 00:27:45,849 Suze: obviously can look at what you have and let's just 386 00:27:45,859 --> 00:27:50,260 Suze: say you are outside of a retirement account and you 387 00:27:50,270 --> 00:27:52,579 Suze: happen to have PXD 388 00:27:53,699 --> 00:27:57,199 Suze: and you have that as a game. But you also 389 00:27:57,209 --> 00:28:03,319 Suze: have Devon, which is at a loss. You might want 390 00:28:03,329 --> 00:28:06,839 Suze: to consider here selling both of them 391 00:28:07,719 --> 00:28:12,660 Suze: so that you could take the loss of Devon against 392 00:28:12,670 --> 00:28:15,650 Suze: your gain of PXD. 393 00:28:16,569 --> 00:28:19,760 Suze: And then if you want, if you wait 30 days 394 00:28:19,770 --> 00:28:23,949 Suze: with Devon, you could buy back in at these prices 395 00:28:23,959 --> 00:28:30,569 Suze: right here. Just a thought. Or maybe you find another 396 00:28:30,609 --> 00:28:35,560 Suze: dividend paying stock which doesn't have anything to do with 397 00:28:35,569 --> 00:28:37,510 Suze: the oil industry right now. 398 00:28:38,160 --> 00:28:43,060 Suze: And that is a great place to invest because maybe 399 00:28:43,069 --> 00:28:47,219 Suze: it has something to do with our aging population, skilled 400 00:28:47,229 --> 00:28:52,180 Suze: nursing facilities. And you might want to look up the 401 00:28:52,189 --> 00:28:57,459 Suze: Care Trust Reit symbol is CTRE 402 00:28:58,219 --> 00:29:04,280 Suze: the dividend yield. There is at 5.46%. They have raised 403 00:29:04,290 --> 00:29:08,959 Suze: their dividends, which happened to be 28 cents a share again, 404 00:29:09,109 --> 00:29:13,729 Suze: selling right now at $20.86 a share. And they have 405 00:29:13,739 --> 00:29:19,640 Suze: raised their dividend every year since 2014. And it happens 406 00:29:19,650 --> 00:29:24,449 Suze: to be a dividend paying stock where there isn't controversy 407 00:29:24,459 --> 00:29:27,150 Suze: about it. You're not in the oil industry 408 00:29:27,630 --> 00:29:29,959 Suze: and it's given you a little bit more of a 409 00:29:29,969 --> 00:29:35,140 Suze: diversification again. It's almost selling and it's year high. So 410 00:29:35,150 --> 00:29:38,579 Suze: there's nothing wrong with you dollar cost averaging into that. 411 00:29:38,699 --> 00:29:42,959 Suze: But there are other choices out there. The idea I 412 00:29:42,969 --> 00:29:46,680 Suze: just gave you outside of a retirement account. If you 413 00:29:46,689 --> 00:29:50,420 Suze: are thinking about selling PXD and you have a gain 414 00:29:50,430 --> 00:29:51,050 Suze: in it, 415 00:29:51,380 --> 00:29:56,569 Suze: it is possible that you have another stock that you 416 00:29:56,579 --> 00:30:00,599 Suze: have a loss in, that's outside of your retirement account. 417 00:30:01,310 --> 00:30:03,739 Suze: And you could sell the stock that you have a 418 00:30:03,750 --> 00:30:04,920 Suze: loss in 419 00:30:05,979 --> 00:30:10,229 Suze: and then offset that gain in PXD with the loss 420 00:30:10,239 --> 00:30:14,989 Suze: of the stock or stocks. Maybe that you have sold. 421 00:30:15,849 --> 00:30:20,109 Suze: If you like the stocks that you have sold, you 422 00:30:20,119 --> 00:30:24,229 Suze: can buy back into them in 30 days 423 00:30:25,060 --> 00:30:28,400 Suze: and then you own them again. But remember because of 424 00:30:28,410 --> 00:30:32,250 Suze: the 30 day tax loss rules, if you have a 425 00:30:32,260 --> 00:30:34,880 Suze: stock that you sell for a loss, 426 00:30:35,589 --> 00:30:39,199 Suze: you cannot buy it back for 30 days. And if 427 00:30:39,209 --> 00:30:42,760 Suze: you buy it back before them, then the loss is 428 00:30:42,770 --> 00:30:48,180 Suze: no longer counted against any gains. Something for all of 429 00:30:48,189 --> 00:30:52,000 Suze: you to think about this might be a strategy for 430 00:30:52,010 --> 00:30:56,369 Suze: some of you who have Devon at a significant loss. 431 00:30:56,380 --> 00:31:00,520 Suze: You're writing me and you're saying you're down 30% in Devon. 432 00:31:00,989 --> 00:31:05,489 Suze: Well, if you have PXD, outside of a retirement account, 433 00:31:05,739 --> 00:31:10,219 Suze: you have Devon, for instance, outside of a retirement account, 434 00:31:10,550 --> 00:31:14,040 Suze: you might want to sell both of them offset your 435 00:31:14,050 --> 00:31:18,329 Suze: gain in PXD with your loss in Devon. 436 00:31:19,160 --> 00:31:22,349 Suze: And then in 30 days, if you want possibly buy 437 00:31:22,359 --> 00:31:28,579 Suze: back into Devon or another oil stock, if you so 438 00:31:28,589 --> 00:31:29,300 Suze: wish 439 00:31:30,290 --> 00:31:34,630 Suze: now I get once again, most likely your heads are spinning, 440 00:31:34,640 --> 00:31:38,869 Suze: but stop them right now from spinning. They don't have 441 00:31:38,880 --> 00:31:39,869 Suze: to spin. 442 00:31:40,589 --> 00:31:45,530 Suze: This is a very logical and easy way for you 443 00:31:45,540 --> 00:31:49,488 Suze: to figure out what you should do at this point 444 00:31:49,500 --> 00:31:50,650 Suze: in time. 445 00:31:51,530 --> 00:31:54,689 Suze: Again, I have a feeling that this deal very well 446 00:31:54,699 --> 00:31:55,949 Suze: may go through. 447 00:31:56,800 --> 00:32:00,469 Suze: There's no way for me to know where PXD stock 448 00:32:00,479 --> 00:32:02,819 Suze: is going to go at this moment in time 449 00:32:03,560 --> 00:32:07,260 Suze: because this is Sunday, it may go higher tomorrow, it 450 00:32:07,270 --> 00:32:10,180 Suze: may go lower. But as soon as I get an 451 00:32:10,189 --> 00:32:14,050 Suze: update on this, I will post it on the women 452 00:32:14,060 --> 00:32:20,040 Suze: and money community app or maybe do a pop up podcast. 453 00:32:20,520 --> 00:32:25,310 Suze: All right, everybody. How is that for how to heal 454 00:32:25,319 --> 00:32:32,020 Suze: your financial life. You heal your financial life by understanding 455 00:32:32,800 --> 00:32:35,140 Suze: that you have the capability, 456 00:32:35,819 --> 00:32:40,709 Suze: you have the ability, you have the brains, you have 457 00:32:40,719 --> 00:32:46,239 Suze: what it takes to understand everything with who you are 458 00:32:46,250 --> 00:32:51,400 Suze: and what you have. You just have to really have 459 00:32:51,410 --> 00:32:57,770 Suze: faith in yourself. And one way you can accomplish that 460 00:32:57,930 --> 00:33:00,920 Suze: and help this totally 461 00:33:01,390 --> 00:33:04,939 Suze: screwed up world that we seem to be living in 462 00:33:04,949 --> 00:33:10,130 Suze: right now is by simply repeating every single day to day. 463 00:33:10,140 --> 00:33:14,239 Suze: Wherever I go, I will create a more peaceful, 464 00:33:14,979 --> 00:33:19,770 Suze: joyful and loving world. Don't you think we need a 465 00:33:19,819 --> 00:33:23,599 Suze: more peaceful, joyful and loving world right now? 466 00:33:24,550 --> 00:33:27,819 Suze: I do. And if you do that, 467 00:33:28,699 --> 00:33:35,369 Suze: I promise you you will be unstoppable. See you Thursday. 468 00:33:35,430 --> 00:33:36,199 Suze: Bye bye.