1 00:00:28,579 --> 00:00:33,138 Suze: December 10th 2023. Welcome everybody to the Women and Money 2 00:00:33,150 --> 00:00:38,458 Suze: podcast as well as everyone smart enough to listen. Suze 3 00:00:38,470 --> 00:00:42,540 Suze: O here and today is Suze School. So take out 4 00:00:42,549 --> 00:00:45,959 Suze: your Suze notebooks because I have a feeling you are 5 00:00:45,970 --> 00:00:48,290 Suze: going to need them. Now, 6 00:00:48,979 --> 00:00:52,918 Suze: a few comments on the women and Money community app 7 00:00:53,580 --> 00:00:58,009 Suze: have been, " Suze, We love this podcast, but we need 8 00:00:58,020 --> 00:01:02,209 Suze: more financial guidance as to what stocks to buy things 9 00:01:02,220 --> 00:01:05,040 Suze: like that." Ok, I hear you. 10 00:01:05,709 --> 00:01:08,849 Suze: However, I have given you some stock picks in the 11 00:01:08,860 --> 00:01:14,370 Suze: past but to that end, we then decided, ok, let's 12 00:01:14,379 --> 00:01:17,660 Suze: do a poll and let's see if all of you 13 00:01:17,669 --> 00:01:20,349 Suze: or some of you, how you would vote would like 14 00:01:20,360 --> 00:01:24,470 Suze: a service that gave you the stocks for, uh let's 15 00:01:24,480 --> 00:01:27,289 Suze: say an ultimate opportunity, portfolio 16 00:01:27,839 --> 00:01:31,089 Suze: like 10 or 15 stocks that every single one of 17 00:01:31,099 --> 00:01:33,970 Suze: you should have and when you should buy them, how 18 00:01:33,980 --> 00:01:36,680 Suze: you should buy them, possibly when you should sell them 19 00:01:36,790 --> 00:01:39,128 Suze: and guidance such as that. 20 00:01:39,870 --> 00:01:42,970 Suze: And so we did it, we put a poll up 21 00:01:42,980 --> 00:01:45,720 Suze: on the women and money community app and by the way, 22 00:01:45,730 --> 00:01:49,500 Suze: if you're not part of it, you should download that 23 00:01:49,510 --> 00:01:52,449 Suze: app because a lot of things happen there that you 24 00:01:52,459 --> 00:01:55,089 Suze: just might want to be aware of. Anyway, 25 00:01:55,769 --> 00:01:58,910 Suze: the thousands of you that voted and there were so 26 00:01:58,919 --> 00:02:04,239 Suze: many that voted, I can't believe it. 96% of you said. Yes, 27 00:02:04,330 --> 00:02:09,970 Suze: absolutely do that. So I have started to work on 28 00:02:09,979 --> 00:02:15,119 Suze: that for you and maybe that will appear March, April 29 00:02:15,130 --> 00:02:20,509 Suze: or May of next year. Let's keep our fingers crossed. 30 00:02:21,130 --> 00:02:24,669 Suze: Ok? But for right now, let me just give you 31 00:02:24,679 --> 00:02:28,750 Suze: an overview of what I really, really think is happening. 32 00:02:29,429 --> 00:02:33,948 Suze: I really think that inflation is coming down. Why do 33 00:02:33,960 --> 00:02:36,789 Suze: I think that because KT went into the store the 34 00:02:36,800 --> 00:02:39,410 Suze: other day and bought a dozen eggs and they were 35 00:02:39,419 --> 00:02:40,490 Suze: only $6. 36 00:02:41,419 --> 00:02:45,080 Suze: So when eggs start to come down, gasoline is coming 37 00:02:45,089 --> 00:02:50,279 Suze: down overall, I do think inflation is coming down, which 38 00:02:50,288 --> 00:02:53,380 Suze: is why I did not want you to buy Series 39 00:02:53,389 --> 00:02:57,500 Suze: I bonds. I stands for inflation because I thought that 40 00:02:57,508 --> 00:03:02,490 Suze: there would be better investments out there as you know, 41 00:03:02,619 --> 00:03:05,869 Suze: next week. Or maybe you don't know, the feds will 42 00:03:05,880 --> 00:03:08,919 Suze: be announcing if they are going to be raising the 43 00:03:08,929 --> 00:03:10,220 Suze: fed funds rate 44 00:03:10,500 --> 00:03:14,960 Suze: or will they be holding or will they be decreasing? 45 00:03:15,380 --> 00:03:18,369 Suze: I have absolutely no doubt in my opinion. We'll see 46 00:03:18,380 --> 00:03:21,800 Suze: if I'm right or wrong that the feds will absolutely 47 00:03:21,809 --> 00:03:26,800 Suze: hold where they are right now, they won't make a change. 48 00:03:26,809 --> 00:03:33,000 Suze: But in 2024 which is only a few days away, 49 00:03:33,460 --> 00:03:39,199 Suze: they will make several, several cuts over that next year. 50 00:03:40,070 --> 00:03:43,029 Suze: And the question has to be asked and answered. Well, 51 00:03:43,039 --> 00:03:46,160 Suze: how will that affect all of you? 52 00:03:46,990 --> 00:03:51,289 Suze: And so given that and given that we've already seen 53 00:03:51,580 --> 00:03:55,660 Suze: interest rates start to come down. I mean, and I 54 00:03:55,669 --> 00:03:59,380 Suze: think it was the last Suze School podcast that I did. 55 00:03:59,500 --> 00:04:02,300 Suze: I was telling you what I thought about people who 56 00:04:02,309 --> 00:04:04,860 Suze: had money and money market funds, people who had money 57 00:04:04,869 --> 00:04:05,009 Suze: and 58 00:04:05,195 --> 00:04:11,714 Suze: short term treasury bills that eventually the interest rates on 59 00:04:11,725 --> 00:04:15,324 Suze: money market funds and short term treasury bills will come 60 00:04:15,335 --> 00:04:18,854 Suze: down and down and then when you go to renew 61 00:04:18,863 --> 00:04:21,774 Suze: the interest rates won't be as high. And then what 62 00:04:21,785 --> 00:04:23,295 Suze: will you do? 63 00:04:24,070 --> 00:04:34,350 Suze: There's approximately $6 trillion in those kinds of investments. And 64 00:04:34,359 --> 00:04:37,209 Suze: I have absolutely no doubt 65 00:04:37,988 --> 00:04:41,730 Suze: that when interest rates really do start to come down 66 00:04:41,910 --> 00:04:45,729 Suze: and the people in those investments are no longer happy 67 00:04:45,738 --> 00:04:49,149 Suze: with the interest rate that they are getting, that money 68 00:04:49,160 --> 00:04:55,768 Suze: will flow where it will flow into growth stocks that 69 00:04:55,779 --> 00:05:00,929 Suze: pay a dividend yield. Listen closely everybody. 70 00:05:01,380 --> 00:05:05,099 Suze: It will not just flow into technology stocks, it will 71 00:05:05,109 --> 00:05:09,359 Suze: flow into growth stocks, stocks that will go up 72 00:05:10,559 --> 00:05:15,380 Suze: but also pay a dividend to replace the income that 73 00:05:15,390 --> 00:05:21,500 Suze: they were getting from their treasury bills and money market accounts. 74 00:05:21,510 --> 00:05:23,940 Suze: Does that make sense to you? 75 00:05:24,750 --> 00:05:28,630 Suze: I hope so because that's exactly what I think is 76 00:05:28,640 --> 00:05:31,709 Suze: going to happen now, for those of you who don't 77 00:05:31,720 --> 00:05:36,558 Suze: know what a dividend stock is, is that as, you know, 78 00:05:36,570 --> 00:05:38,529 Suze: a stock is in equity, 79 00:05:39,220 --> 00:05:41,980 Suze: you get to buy it on the stock market and 80 00:05:41,988 --> 00:05:47,160 Suze: you own a little tiny piece of equity in that company. 81 00:05:47,170 --> 00:05:52,238 Suze: Just that simple. And some companies when they're making enough money, 82 00:05:52,480 --> 00:05:56,500 Suze: they distribute some of their earnings, some of their profits 83 00:05:56,529 --> 00:06:01,320 Suze: back to their shareholders in the form of what's known 84 00:06:01,329 --> 00:06:06,579 Suze: as a dividend. Most dividends are paid every three months 85 00:06:06,589 --> 00:06:07,160 Suze: to you. 86 00:06:07,559 --> 00:06:13,488 Suze: Some companies pay their dividends monthly. It just depends on 87 00:06:13,500 --> 00:06:19,329 Suze: the company. That's number one. If you look in the 88 00:06:19,339 --> 00:06:23,160 Suze: past year, if you just look at the mutual funds, 89 00:06:23,170 --> 00:06:27,099 Suze: the exchange traded funds, whatever it may be that have 90 00:06:27,109 --> 00:06:32,839 Suze: been dividend paying or dividend oriented stocks or mutual funds 91 00:06:32,850 --> 00:06:37,089 Suze: or exchange traded funds. They did not do squat, 92 00:06:37,920 --> 00:06:40,738 Suze: they were just kind of solid for the year. They 93 00:06:40,750 --> 00:06:43,839 Suze: didn't really go up, they didn't really go down that much, 94 00:06:43,880 --> 00:06:48,118 Suze: but they did not perform. And why was that? Everybody? 95 00:06:48,619 --> 00:06:52,089 Suze: It was because people did not have to risk their 96 00:06:52,100 --> 00:06:56,179 Suze: money in the stock market in order to get a 97 00:06:56,190 --> 00:06:58,219 Suze: safe income. 98 00:06:59,220 --> 00:07:01,920 Suze: And that's what especially a lot of people that listen 99 00:07:01,928 --> 00:07:04,000 Suze: to this particular podcast. 100 00:07:04,738 --> 00:07:08,160 Suze: You were looking for safe money. Why risk it when 101 00:07:08,170 --> 00:07:12,609 Suze: you could get 5.5% or so. In short term treasury 102 00:07:12,619 --> 00:07:16,820 Suze: bills and 5% in money market funds without having to 103 00:07:16,829 --> 00:07:24,279 Suze: lock up your money, you still can get 5.3% or 5.35% 104 00:07:24,619 --> 00:07:29,299 Suze: in the 18 month to 23 months certificate of deposit 105 00:07:29,480 --> 00:07:31,839 Suze: at Alliant Credit Union. 106 00:07:32,269 --> 00:07:35,209 Suze: And I have suggest to you over and over and 107 00:07:35,220 --> 00:07:38,570 Suze: over and over again. You should absolutely, if you are 108 00:07:38,579 --> 00:07:43,049 Suze: still looking for a high yield, that's going to stay 109 00:07:43,059 --> 00:07:46,890 Suze: there for at least 18 months to almost two years, 110 00:07:46,899 --> 00:07:49,170 Suze: depending on which maturity you get. 111 00:07:50,260 --> 00:07:54,670 Suze: That. You should really take advantage of it. Now, before 112 00:07:54,679 --> 00:07:58,369 Suze: they probably will lower those rates you do. So by 113 00:07:58,380 --> 00:08:06,359 Suze: going to my alliant.com, that's myalliant.com 114 00:08:07,130 --> 00:08:09,910 Suze: and you should think about that. Now, that would be 115 00:08:09,920 --> 00:08:14,299 Suze: for money that you don't think you need for two years, 116 00:08:14,940 --> 00:08:19,119 Suze: but it's now paying you more than a two year 117 00:08:19,130 --> 00:08:22,910 Suze: treasury note, a two year Treasury note right now is 118 00:08:22,920 --> 00:08:28,709 Suze: paying about 4.6%. And even though I know that treasury 119 00:08:28,720 --> 00:08:31,299 Suze: notes are state tax free, 120 00:08:31,640 --> 00:08:35,799 Suze: the difference in the interest rate from 4.6 to either 121 00:08:35,809 --> 00:08:42,900 Suze: 5.3 or 5.35% for deposits of $75,000 or more. That's 122 00:08:42,909 --> 00:08:47,090 Suze: why there's a little interest rate difference there that most 123 00:08:47,099 --> 00:08:50,690 Suze: of you will come out equal even if you are 124 00:08:50,700 --> 00:08:58,140 Suze: in a relatively high state income tax bracket just say everybody, 125 00:08:58,150 --> 00:09:00,348 Suze: but that is not the point that I really wanna 126 00:09:00,359 --> 00:09:01,119 Suze: make here. 127 00:09:02,130 --> 00:09:07,570 Suze: A lot of money $6 trillion is going to go 128 00:09:07,580 --> 00:09:14,228 Suze: where into growth? Dividend stocks growth are stocks that you 129 00:09:14,239 --> 00:09:18,359 Suze: expect to grow. They will go from $20 to 22 130 00:09:18,369 --> 00:09:22,709 Suze: or $23 a share and continue up there. 131 00:09:23,530 --> 00:09:28,789 Suze: Now, that means I really think your game plan 132 00:09:29,479 --> 00:09:32,968 Suze: for a specific part of your money, not all of 133 00:09:32,979 --> 00:09:39,218 Suze: it should be looking to be geared at dividend growth stocks. Now, 134 00:09:39,229 --> 00:09:43,799 Suze: I have given you the name in past podcasts of 135 00:09:43,809 --> 00:09:49,419 Suze: what I feel are some pretty good dividend paying growth 136 00:09:49,429 --> 00:09:57,859 Suze: stocks and just to reiterate those stocks were Verizon, Pfizer 137 00:09:58,179 --> 00:10:04,919 Suze: Reality Income Care Trust just to name a few. 138 00:10:06,219 --> 00:10:10,979 Suze: So a portion of your money needs to go into 139 00:10:11,210 --> 00:10:18,250 Suze: growth dividend paying stocks or ETFs or mutual funds. And 140 00:10:18,260 --> 00:10:21,880 Suze: even though they did not perform for you last year, 141 00:10:22,590 --> 00:10:26,270 Suze: I have a feeling that as interest rates again start 142 00:10:26,280 --> 00:10:30,539 Suze: to go down, the feds start to decrease their interest rates, 143 00:10:30,859 --> 00:10:36,140 Suze: guess what? Those stocks are positioned to take off again 144 00:10:36,150 --> 00:10:38,140 Suze: because that's where I think the six 145 00:10:38,229 --> 00:10:42,549 Suze: trillion dollars is going to go. That is currently in 146 00:10:42,559 --> 00:10:46,359 Suze: money market funds and short term tea bills. Now the 147 00:10:46,369 --> 00:10:52,150 Suze: role that dividends play in your life and why for 148 00:10:52,159 --> 00:10:53,848 Suze: the past year 149 00:10:54,219 --> 00:10:57,210 Suze: or more, actually, it's probably been the past four years. 150 00:10:57,390 --> 00:10:59,869 Suze: In fact, it's been for the past 20 years because 151 00:10:59,880 --> 00:11:02,869 Suze: every time I was on the Suze Orman Show and 152 00:11:02,880 --> 00:11:05,409 Suze: I would tell you what to invest in and things 153 00:11:05,419 --> 00:11:10,270 Suze: like that. What would I say? Dividends, dividends, dividends. And 154 00:11:10,280 --> 00:11:15,559 Suze: the reason that I love dividend paying stocks is that 155 00:11:15,570 --> 00:11:18,789 Suze: when these markets do go against you 156 00:11:19,570 --> 00:11:22,390 Suze: and they do start to go down, which we have 157 00:11:22,400 --> 00:11:26,150 Suze: seen many times happen in the four years now that 158 00:11:26,159 --> 00:11:30,539 Suze: we have been together, at least you are still getting 159 00:11:30,549 --> 00:11:35,569 Suze: income from those stocks. And if it's a good quality 160 00:11:35,580 --> 00:11:40,270 Suze: growth dividend stock, even if it goes way down 161 00:11:40,940 --> 00:11:45,619 Suze: and the dividend has been safe, you still get your 162 00:11:45,630 --> 00:11:51,200 Suze: income and that income allows you time to let that 163 00:11:51,210 --> 00:11:55,799 Suze: stock recover and possibly make you money on that end 164 00:11:55,809 --> 00:12:00,119 Suze: as well. But what is key? What is really, really 165 00:12:00,130 --> 00:12:00,719 Suze: key 166 00:12:01,130 --> 00:12:06,200 Suze: when you purchase a dividend paying stock, especially if you 167 00:12:06,210 --> 00:12:11,090 Suze: do not currently need the income. You listen closely to 168 00:12:11,099 --> 00:12:17,880 Suze: me right now, you have got to reinvest those dividends 169 00:12:17,890 --> 00:12:22,880 Suze: into that stock. You are not to take the dividend 170 00:12:22,890 --> 00:12:24,069 Suze: in interest 171 00:12:24,609 --> 00:12:26,909 Suze: and then do what with it, leave it in your 172 00:12:26,919 --> 00:12:30,450 Suze: money market account whose interest rate is going to start 173 00:12:30,460 --> 00:12:35,200 Suze: to go down in my opinion. No, you invest it 174 00:12:35,210 --> 00:12:40,549 Suze: back into that stock so that the dividend is also 175 00:12:40,559 --> 00:12:46,460 Suze: earning a dividend that is called com pounding. Now, you 176 00:12:46,469 --> 00:12:50,869 Suze: may not know this. But if you were to look 177 00:12:50,880 --> 00:12:51,780 Suze: at a chart 178 00:12:52,359 --> 00:12:59,000 Suze: going all the way back to 1926. That is a 179 00:12:59,010 --> 00:13:03,260 Suze: long time ago. And if you looked at that chart, 180 00:13:03,739 --> 00:13:08,030 Suze: you would see that over all these years, how the 181 00:13:08,039 --> 00:13:13,609 Suze: standard and Poor's 500 index has climbed up and up 182 00:13:13,619 --> 00:13:17,590 Suze: and up over the decades. So the truth of the 183 00:13:17,599 --> 00:13:23,710 Suze: matter is the stock market does go up over time, 184 00:13:24,159 --> 00:13:28,450 Suze: doesn't want to go down over time. If you look 185 00:13:28,460 --> 00:13:32,280 Suze: at that chart, it wants to go up and up 186 00:13:32,289 --> 00:13:36,978 Suze: and up. I remember when I first started in 1980 187 00:13:37,419 --> 00:13:41,739 Suze: the Dow Jones Industrial Average, which is another index that 188 00:13:41,750 --> 00:13:46,819 Suze: many of you follow was at like 800. I'll never 189 00:13:46,830 --> 00:13:50,659 Suze: forget the day that it passed 1000 and the whole 190 00:13:50,669 --> 00:13:53,729 Suze: room erupted. Are you kidding? 191 00:13:54,250 --> 00:13:56,960 Suze: And do you know where the Dow Jones Industrial average 192 00:13:56,969 --> 00:14:05,090 Suze: is today? It's at 36,247 as the years went on, 193 00:14:05,169 --> 00:14:08,729 Suze: there was somebody who wrote a thesis saying one day 194 00:14:08,739 --> 00:14:13,228 Suze: the Dow Jones Industrial average would be at 35,000 and 195 00:14:13,239 --> 00:14:15,880 Suze: I'll never forget thinking. Oh, yeah. Right. And I have 196 00:14:15,890 --> 00:14:18,530 Suze: a bridge to sell you. Well, look at it now, 197 00:14:18,989 --> 00:14:21,869 Suze: the Standard and Poor's 500 index back then, 198 00:14:22,330 --> 00:14:26,320 Suze: believe it or not was at 118 199 00:14:27,020 --> 00:14:34,020 Suze: today. It is at 4604. And that's just from 1980 200 00:14:34,030 --> 00:14:37,539 Suze: till now. So think about if you were to chart 201 00:14:37,549 --> 00:14:41,640 Suze: that the chart goes up and up and up. So 202 00:14:41,650 --> 00:14:46,799 Suze: over time when you bet against the stock market for 203 00:14:46,809 --> 00:14:50,440 Suze: the long run. You are betting against 204 00:14:51,119 --> 00:14:55,710 Suze: yourself and making money if you ask me. But what's 205 00:14:55,719 --> 00:15:01,150 Suze: really important to realize is that a good portion of 206 00:15:01,159 --> 00:15:06,419 Suze: those gains is due to dividends? So now going back 207 00:15:06,429 --> 00:15:13,020 Suze: to 1926 the total dividend contribution to the Standard and 208 00:15:13,030 --> 00:15:15,340 Suze: Poor's 500 index 209 00:15:15,859 --> 00:15:26,039 Suze: stands at 31.6%. Those dividends are responsible for nearly one third. 210 00:15:26,299 --> 00:15:29,500 Suze: Let's say your retirement account is invested in this one 211 00:15:29,510 --> 00:15:36,349 Suze: third of your retirement portfolio gains. So if you are 212 00:15:36,359 --> 00:15:38,900 Suze: not focused on dividends, 213 00:15:39,690 --> 00:15:43,229 Suze: all right, we have problems here, then that's why you 214 00:15:43,239 --> 00:15:50,630 Suze: hear me harping on dividends, dividends, dividends. OK? So we 215 00:15:50,640 --> 00:15:55,510 Suze: have a game plan here that I've just given you 216 00:15:55,520 --> 00:15:58,609 Suze: as to what I think is going to happen in 217 00:15:58,719 --> 00:16:04,950 Suze: 2024 and how I want you to start thinking about 218 00:16:05,000 --> 00:16:06,270 Suze: your money. 219 00:16:07,090 --> 00:16:10,309 Suze: The next thing that I want you to be aware 220 00:16:10,320 --> 00:16:11,950 Suze: of is that 221 00:16:12,760 --> 00:16:17,119 Suze: a lot of, you know, that I have wanted you 222 00:16:17,130 --> 00:16:21,750 Suze: to invest in either the vanguard total stock market index 223 00:16:21,760 --> 00:16:26,900 Suze: fund or the Standard and Poor's 500 index fund. And 224 00:16:26,909 --> 00:16:29,750 Suze: that is where if you wanted an index fund, I 225 00:16:29,760 --> 00:16:31,200 Suze: wanted you to go. 226 00:16:31,690 --> 00:16:34,849 Suze: And I would tell you that the reason I wanted 227 00:16:34,859 --> 00:16:40,159 Suze: you to invest in that is because their top 10 holdings, 228 00:16:40,289 --> 00:16:48,000 Suze: many of them were invested in Apple Microsoft Meta Amazon 229 00:16:48,010 --> 00:16:52,169 Suze: and those stocks because it was those stocks. Do you 230 00:16:52,179 --> 00:16:57,659 Suze: know that just seven stocks? Apple, 231 00:16:58,450 --> 00:16:59,159 Suze: Google, 232 00:17:00,119 --> 00:17:10,270 Suze: Microsoft, Amazon, Meta, Tesla and NVIDIA. Those seven stocks 233 00:17:11,640 --> 00:17:16,579 Suze: versus the 493 other stocks 234 00:17:17,529 --> 00:17:21,609 Suze: in the Standard and Poor's 500 index. Remember there's 500 235 00:17:21,619 --> 00:17:25,408 Suze: stocks in that index. Do you know 236 00:17:26,390 --> 00:17:28,890 Suze: that those seven stocks 237 00:17:30,089 --> 00:17:34,000 Suze: in comparison to the 493 stocks? 238 00:17:35,199 --> 00:17:40,819 Suze: Those seven stocks had a 71% gain. 239 00:17:41,939 --> 00:17:48,560 Suze: The 493 stocks had only a 6% gain. 240 00:17:49,260 --> 00:17:54,130 Suze: So if you are wondering why you saw the Standard 241 00:17:54,140 --> 00:17:56,879 Suze: and Poor's 500 index go up and up and up, 242 00:17:56,890 --> 00:18:00,099 Suze: but you were invested in all different kinds of stocks, 243 00:18:00,109 --> 00:18:03,400 Suze: but yet you didn't see your stocks go up that 244 00:18:03,410 --> 00:18:06,879 Suze: much because probably one of your stocks was part of 245 00:18:06,890 --> 00:18:12,589 Suze: the 493 stocks versus one of the seven stocks 246 00:18:13,469 --> 00:18:16,670 Suze: that dominated the market. 247 00:18:17,489 --> 00:18:21,958 Suze: Now, the question again has to be asked and answered. 248 00:18:22,270 --> 00:18:29,560 Suze: Will those seven stocks continue to dominate the market again 249 00:18:29,569 --> 00:18:32,469 Suze: in 2024? 250 00:18:33,140 --> 00:18:38,310 Suze: And I have a feeling they most probably will. Again, 251 00:18:38,319 --> 00:18:41,419 Suze: those seven stocks are Apple, 252 00:18:42,219 --> 00:18:43,130 Suze: Google, 253 00:18:44,089 --> 00:18:45,389 Suze: Microsoft, 254 00:18:46,150 --> 00:18:47,119 Suze: Amazon, 255 00:18:47,839 --> 00:18:48,239 Suze: Meta, 256 00:18:49,569 --> 00:18:54,459 Suze: Tesla, and NVIDIA. Now, some of you may say like, 257 00:18:54,469 --> 00:18:55,800 Suze: but Suze, 258 00:18:56,760 --> 00:18:59,458 Suze: I don't know, is there just an easy way for 259 00:18:59,469 --> 00:19:03,719 Suze: me to invest in those stocks? Like, is there an 260 00:19:03,729 --> 00:19:08,948 Suze: ETF that would give me diversification but also give me 261 00:19:08,959 --> 00:19:13,819 Suze: diversification in mainly just those seven stocks or so. And 262 00:19:13,829 --> 00:19:18,550 Suze: the answer to that question is yes. The ETF known 263 00:19:18,560 --> 00:19:22,699 Suze: as QQQ, that is the symbol, 264 00:19:23,760 --> 00:19:33,040 Suze: the top 10 holdings of QQQ include those seven stocks. 265 00:19:33,589 --> 00:19:41,880 Suze: But those seven stocks in the QQQ make up 44% 266 00:19:41,910 --> 00:19:45,699 Suze: of all the stocks in the QQQ. 267 00:19:46,079 --> 00:19:52,670 Suze: So you have tremendous exposure to those seven stocks in 268 00:19:52,680 --> 00:19:59,060 Suze: the QQQ. Far more than you have with the same 269 00:19:59,069 --> 00:20:06,099 Suze: stocks with exposure in the SPY ETF. So if you 270 00:20:06,109 --> 00:20:11,660 Suze: want serious exposure to those seven stocks, the best way 271 00:20:11,670 --> 00:20:15,780 Suze: to do it is in the QQQ. 272 00:20:16,050 --> 00:20:19,790 Suze: But if you're going to do that, that is for 273 00:20:19,800 --> 00:20:24,790 Suze: more speculative money. And you should just know that if 274 00:20:24,800 --> 00:20:29,030 Suze: you still want exposure to those stocks, but on a 275 00:20:29,040 --> 00:20:34,689 Suze: more conservative and diversified basis, then you stick with the 276 00:20:34,699 --> 00:20:41,839 Suze: SPY ETF. So that is one way if you want 277 00:20:41,849 --> 00:20:43,589 Suze: to be invested 278 00:20:44,310 --> 00:20:47,810 Suze: and you want to do it in a diversified way, 279 00:20:48,339 --> 00:20:52,020 Suze: you might put some of your money into growth, dividend 280 00:20:52,030 --> 00:20:56,649 Suze: stocks that pay you a dividend that are pretty much 281 00:20:56,660 --> 00:21:01,729 Suze: safe and sound because of the dividend. And then for 282 00:21:01,739 --> 00:21:06,119 Suze: possibly your more speculative money or money that you have 283 00:21:06,130 --> 00:21:10,569 Suze: a period of time that you don't need QQQ just 284 00:21:10,579 --> 00:21:14,000 Suze: may be the way to go 285 00:21:14,410 --> 00:21:18,189 Suze: again. It's something that you might want to consider dollar 286 00:21:18,199 --> 00:21:21,060 Suze: cost averaging into, 287 00:21:21,849 --> 00:21:27,109 Suze: but there are many ways to invest. And today is 288 00:21:27,119 --> 00:21:30,260 Suze: your primer of what I want you to be thinking 289 00:21:30,270 --> 00:21:40,219 Suze: about for 2024 and hopefully somewhere in 2024 we can 290 00:21:40,229 --> 00:21:44,280 Suze: have a service that seriously helps you with all of 291 00:21:44,290 --> 00:21:44,979 Suze: this 292 00:21:45,489 --> 00:21:50,910 Suze: and guides you through to your retirement years. But until then, 293 00:21:51,180 --> 00:21:54,229 Suze: there's only one thing that I want you to say 294 00:21:54,239 --> 00:21:58,459 Suze: every single day, come on, we only have about 21 295 00:21:58,469 --> 00:22:02,589 Suze: more days to do this. Because after that, I'm going 296 00:22:02,599 --> 00:22:04,829 Suze: to switch obviously to another ending 297 00:22:05,015 --> 00:22:08,114 Suze: to the Women and Money podcast. So I won't be 298 00:22:08,125 --> 00:22:10,604 Suze: there to remind you. So you might want to put 299 00:22:10,614 --> 00:22:13,805 Suze: up a little thing on your refrigerator. But every single 300 00:22:13,814 --> 00:22:17,895 Suze: day I want you to say today, wherever I go, 301 00:22:17,905 --> 00:22:22,314 Suze: I will create a more peaceful, joyful, and loving world. 302 00:22:22,324 --> 00:22:27,875 Suze: And if you do that, I promise you, you will 303 00:22:27,885 --> 00:22:30,354 Suze: be unstoppable.