1 00:00:22,570 --> 00:00:22,910 Music: (MUSIC IN) 2 00:00:33,840 --> 00:00:41,620 Suze: June 26, 2022. Welcome everybody to the Women and Money 3 00:00:41,620 --> 00:00:45,360 Suze: podcast and everyone else smart enough to listen. 4 00:00:46,040 --> 00:00:46,959 Suze: Have to tell you, 5 00:00:47,840 --> 00:00:49,459 Suze: I just love that subtitle 6 00:00:49,840 --> 00:00:53,260 Suze: And everyone else smart enough to listen 7 00:00:54,240 --> 00:00:55,950 Suze: Well, are you feeling better? 8 00:00:56,440 --> 00:00:59,860 Suze: Did Friday give you some hope that these markets are 9 00:00:59,860 --> 00:01:01,860 Suze: going to turn around and you're all going to get 10 00:01:01,860 --> 00:01:02,860 Suze: all your money back. 11 00:01:03,480 --> 00:01:07,050 Suze: The Dow Jones increased 823 points. 12 00:01:07,740 --> 00:01:11,959 Suze: The NASDAQ 375 points. It's all about 2.5%. 13 00:01:12,340 --> 00:01:14,649 Suze: That is a nice move. 14 00:01:15,440 --> 00:01:17,960 Suze: So you must be feeling better. Right, 15 00:01:19,240 --> 00:01:23,229 Suze: okay. But in my personal opinion, don't feel good for 16 00:01:23,230 --> 00:01:29,710 Suze: too long because the overarching momentum of this market in 17 00:01:29,709 --> 00:01:33,750 Suze: my opinion is still for the intermediate term for the 18 00:01:33,750 --> 00:01:38,459 Suze: long term it has a downward bias which means 19 00:01:38,540 --> 00:01:39,560 Suze: it is more apt 20 00:01:39,640 --> 00:01:43,300 Suze: to go down than to go all the way back 21 00:01:43,310 --> 00:01:44,350 Suze: up again. 22 00:01:45,040 --> 00:01:47,260 Suze: So if you're feeling better 23 00:01:47,640 --> 00:01:51,280 Suze: when the markets are up like this, you have to 24 00:01:51,280 --> 00:01:54,150 Suze: look at your situation and you have to say, okay, 25 00:01:54,540 --> 00:01:57,330 Suze: do I need to sell right now? Do I need 26 00:01:57,330 --> 00:01:59,880 Suze: to take some of this money off of the table 27 00:01:59,890 --> 00:02:02,460 Suze: because I really need it. 28 00:02:02,840 --> 00:02:06,050 Suze: I need it because I'm falling short of my bills, 29 00:02:06,070 --> 00:02:09,440 Suze: inflation is getting to me. I need it whatever you 30 00:02:09,440 --> 00:02:12,060 Suze: may need it for maybe even you need it for 31 00:02:12,060 --> 00:02:13,160 Suze: your peace of mind. 32 00:02:14,340 --> 00:02:15,660 Suze: However, 33 00:02:16,340 --> 00:02:18,650 Suze: if you don't need it 34 00:02:19,240 --> 00:02:22,740 Suze: then what will continue to happen in my opinion again 35 00:02:22,770 --> 00:02:25,690 Suze: is that it will go up and you'll feel really 36 00:02:25,690 --> 00:02:28,260 Suze: good when it's going up and if it happens to 37 00:02:28,260 --> 00:02:31,769 Suze: go back down again, you'll start to feel depressed. But 38 00:02:31,770 --> 00:02:35,650 Suze: the most important thing you must continue to do 39 00:02:36,240 --> 00:02:38,959 Suze: is to dollar cost average 40 00:02:39,639 --> 00:02:44,200 Suze: no matter what, Remember to choose your days to dollar 41 00:02:44,200 --> 00:02:46,970 Suze: cost average. And if you don't know what dollar cost 42 00:02:46,970 --> 00:02:49,260 Suze: averaging is, it's simply where 43 00:02:49,740 --> 00:02:52,130 Suze: if you need to invest in the stock market because 44 00:02:52,130 --> 00:02:56,109 Suze: you're in your 401k. Or you're contributing to an IRA 45 00:02:56,110 --> 00:02:59,760 Suze: account or whatever it may be. And if you have 46 00:02:59,760 --> 00:03:03,459 Suze: the choice of when you can contribute and have that 47 00:03:03,460 --> 00:03:04,649 Suze: money be invested, 48 00:03:05,040 --> 00:03:08,850 Suze: just try to choose days when the markets are down, 49 00:03:09,240 --> 00:03:11,550 Suze: there were certain things that I wanted to buy on 50 00:03:11,550 --> 00:03:12,360 Suze: Friday 51 00:03:12,840 --> 00:03:15,610 Suze: But Friday is not the day when the market is 52 00:03:15,610 --> 00:03:19,049 Suze: up 800, some odd points to be buying something. 53 00:03:19,740 --> 00:03:21,660 Suze: I need to stay disciplined 54 00:03:22,139 --> 00:03:25,120 Suze: and wait till the market comes back down to buy 55 00:03:25,120 --> 00:03:26,960 Suze: what it is that I may want to buy 56 00:03:27,340 --> 00:03:30,470 Suze: and if it continues up so what, so I missed 57 00:03:30,470 --> 00:03:33,720 Suze: what I wanted to buy. But my other stocks then 58 00:03:33,730 --> 00:03:35,350 Suze: are doing better. 59 00:03:36,340 --> 00:03:39,850 Suze: So you just need patience. 60 00:03:40,440 --> 00:03:43,940 Suze: Now with that said, these markets will come up. These 61 00:03:43,940 --> 00:03:47,400 Suze: markets may go down. These markets may go back up again, 62 00:03:47,420 --> 00:03:53,110 Suze: but hopefully around September or October of this year, we 63 00:03:53,110 --> 00:03:57,660 Suze: will definitely have more of a direction for this market. 64 00:03:58,240 --> 00:04:02,650 Suze: People seem to be so emotional these days 65 00:04:03,040 --> 00:04:07,000 Suze: they're upset. They don't understand certain things. Why is gas 66 00:04:07,000 --> 00:04:10,070 Suze: so high, why is food so high? And it's getting 67 00:04:10,070 --> 00:04:10,860 Suze: to them 68 00:04:11,340 --> 00:04:14,160 Suze: and when people are emotional 69 00:04:14,740 --> 00:04:17,029 Suze: they sell at the wrong time and they buy at 70 00:04:17,029 --> 00:04:19,560 Suze: the wrong time. So I'm asking all of you 71 00:04:19,940 --> 00:04:24,260 Suze: to not be emotional about this. You're all writing me 72 00:04:24,260 --> 00:04:26,960 Suze: at ask Suze podcast at Gmail dot com 73 00:04:27,440 --> 00:04:30,870 Suze: and saying I've had it I can't take it anymore. 74 00:04:30,880 --> 00:04:33,590 Suze: Well when you've had it and you can't take it 75 00:04:33,600 --> 00:04:36,650 Suze: anymore that is a great sign 76 00:04:37,440 --> 00:04:40,729 Suze: because that's what we need a whole lot of people 77 00:04:40,730 --> 00:04:44,539 Suze: to feel like so that they all sell at once 78 00:04:44,550 --> 00:04:47,460 Suze: drive these markets down a little bit more 79 00:04:48,040 --> 00:04:51,160 Suze: and then it will hopefully be over. 80 00:04:51,740 --> 00:04:55,299 Suze: But only time will tell because we need to see 81 00:04:55,300 --> 00:04:58,150 Suze: what is going to happen with the increase of interest 82 00:04:58,150 --> 00:04:58,659 Suze: rates 83 00:04:59,440 --> 00:05:03,630 Suze: by the feds. Is recession going to happen? Is it not? 84 00:05:03,640 --> 00:05:06,510 Suze: There's a lot of things in store for us that 85 00:05:06,510 --> 00:05:07,960 Suze: we can't quite see. 86 00:05:08,540 --> 00:05:11,870 Suze: We can't even pull back the curtain Dorothy we can't 87 00:05:11,870 --> 00:05:14,930 Suze: do it because we don't even know where that curtain 88 00:05:14,930 --> 00:05:17,860 Suze: happens to be because there are so many of them. 89 00:05:18,640 --> 00:05:21,169 Suze: So again if you have time on your side you 90 00:05:21,170 --> 00:05:23,950 Suze: have at least 5 10 15, 20 years or longer. 91 00:05:24,640 --> 00:05:26,650 Suze: How many times have you heard me say that 92 00:05:27,240 --> 00:05:30,339 Suze: it kind of feels like a song that I say 93 00:05:30,339 --> 00:05:33,260 Suze: 5 10, 15, 20 years or longer. But anyway 94 00:05:34,040 --> 00:05:38,570 Suze: then just continue to dollar cost average in good quality, 95 00:05:38,580 --> 00:05:42,780 Suze: no load mutual funds E. T. F. Individual stocks? As 96 00:05:42,779 --> 00:05:46,060 Suze: long as you know you are diversified 97 00:05:46,640 --> 00:05:49,520 Suze: now while you may be feeling better about certain things. 98 00:05:49,529 --> 00:05:50,360 Suze: I'm not 99 00:05:51,040 --> 00:05:55,360 Suze: because I'm going to tell you oil is really concerning me. 100 00:05:55,839 --> 00:05:58,960 Suze: And I told you all last Sunday 101 00:05:59,440 --> 00:05:59,950 Suze: that 102 00:06:00,440 --> 00:06:03,479 Suze: I felt like oil had a target on its back 103 00:06:03,490 --> 00:06:06,930 Suze: and I feel like it's being being hit who's ever 104 00:06:06,930 --> 00:06:09,260 Suze: firing at it oh they are hitting it. 105 00:06:09,640 --> 00:06:13,950 Suze: And even on days like this when oil goes up 106 00:06:13,960 --> 00:06:17,330 Suze: the price of oil itself goes up, the oil stocks 107 00:06:17,339 --> 00:06:19,060 Suze: are not going up. 108 00:06:20,540 --> 00:06:24,200 Suze: All these oil executives went to the White House last week, 109 00:06:24,210 --> 00:06:27,160 Suze: who knows what they discussed? They didn't discuss. 110 00:06:27,740 --> 00:06:30,859 Suze: I'm still totally confused because this is not normal. 111 00:06:31,240 --> 00:06:33,850 Suze: We still do not have enough supply 112 00:06:34,540 --> 00:06:38,640 Suze: for the demand again. China will open up soon here. 113 00:06:38,650 --> 00:06:42,339 Suze: So oil should be going up, the stock should be 114 00:06:42,339 --> 00:06:43,150 Suze: going up 115 00:06:43,740 --> 00:06:46,350 Suze: but that's not happening for whatever reason. 116 00:06:47,040 --> 00:06:51,980 Suze: So those of you, once again in Devon, X. L. E., Pioneer, 117 00:06:51,990 --> 00:06:54,870 Suze: all of those stocks, you have to look at your 118 00:06:54,870 --> 00:06:58,870 Suze: situation and you may decide, you know what I'm still 119 00:06:58,870 --> 00:07:03,250 Suze: up considerably from where I bought it, I'm out. That's it. 120 00:07:03,260 --> 00:07:05,849 Suze: I've had it. I don't want to lose 121 00:07:06,140 --> 00:07:07,550 Suze: my profits. 122 00:07:07,839 --> 00:07:11,470 Suze: You know you never ever ever go broke by taking 123 00:07:11,480 --> 00:07:12,460 Suze: a profit 124 00:07:13,140 --> 00:07:15,860 Suze: and you never ever get really broke 125 00:07:16,440 --> 00:07:20,360 Suze: by cutting your losses short when something isn't working? 126 00:07:20,940 --> 00:07:24,460 Suze: So all of you have to decide on your own 127 00:07:24,480 --> 00:07:28,260 Suze: are these stocks working for you or are they not 128 00:07:28,740 --> 00:07:32,220 Suze: half the analysts out there say you have to buy oil, 129 00:07:32,220 --> 00:07:34,250 Suze: this is the time to buy it. They're down. These 130 00:07:34,250 --> 00:07:37,590 Suze: stocks are fabulous. The other half are saying get out 131 00:07:37,590 --> 00:07:39,360 Suze: of oil totally, 132 00:07:40,140 --> 00:07:41,460 Suze: maybe you sell half, 133 00:07:42,440 --> 00:07:44,360 Suze: maybe you play it safe that way. 134 00:07:46,140 --> 00:07:50,900 Suze: Alright, so that's enough on oil for here. Bitcoin. I 135 00:07:50,900 --> 00:07:54,450 Suze: just really want to say please be careful here everybody. 136 00:07:54,840 --> 00:07:59,660 Suze: Bitcoin last weekend broke its support level. Big time. 137 00:08:00,140 --> 00:08:04,400 Suze: Its support level was 23,200. If you remember me talking 138 00:08:04,400 --> 00:08:05,260 Suze: about that 139 00:08:05,840 --> 00:08:07,250 Suze: and a support level 140 00:08:08,040 --> 00:08:13,050 Suze: is when a stock or an investment hits a level 141 00:08:13,050 --> 00:08:16,600 Suze: that every time it hits it it goes down and 142 00:08:16,600 --> 00:08:17,360 Suze: it hits it 143 00:08:17,940 --> 00:08:22,260 Suze: it's supported by that level and it bounces back up again. 144 00:08:23,140 --> 00:08:25,560 Suze: If it breaks its support level 145 00:08:25,940 --> 00:08:29,960 Suze: then that stock or investment can go down 146 00:08:30,340 --> 00:08:33,960 Suze: even further. So it's never a good sign when a 147 00:08:33,960 --> 00:08:34,560 Suze: stock 148 00:08:35,040 --> 00:08:36,960 Suze: breaks its support level. 149 00:08:37,440 --> 00:08:42,150 Suze: X. L. E. had a support level of 77 150 00:08:42,840 --> 00:08:44,850 Suze: and it broke it last week. 151 00:08:45,240 --> 00:08:48,050 Suze: So that is a big concern I have to tell 152 00:08:48,050 --> 00:08:48,359 Suze: you 153 00:08:48,840 --> 00:08:52,120 Suze: so we'll just see what it does. But remember a 154 00:08:52,120 --> 00:08:55,210 Suze: lot of you bought X. L. E. back in the thirties, it 155 00:08:55,210 --> 00:08:57,790 Suze: will not kill you to take a profit at this 156 00:08:57,790 --> 00:08:58,860 Suze: point in time 157 00:08:59,740 --> 00:09:02,950 Suze: again. Just don't be miserable if it goes all the 158 00:09:02,950 --> 00:09:05,530 Suze: way back up again and then you're saying to yourself, 159 00:09:05,540 --> 00:09:07,830 Suze: I wish I had held on to it. Look how 160 00:09:07,830 --> 00:09:09,160 Suze: much money I could have made 161 00:09:09,540 --> 00:09:12,360 Suze: or you could say thank God I sold it because 162 00:09:12,360 --> 00:09:14,290 Suze: look at what happened to it and I lost all 163 00:09:14,290 --> 00:09:15,960 Suze: the money that I had made 164 00:09:16,440 --> 00:09:21,319 Suze: Again. Something for you to think about. So Bitcoin broke 165 00:09:21,320 --> 00:09:25,650 Suze: its support level, went down to 17,000 something now it's 166 00:09:25,650 --> 00:09:30,370 Suze: back up in the 20,000 area. 21,022. It's fluctuating all 167 00:09:30,370 --> 00:09:34,920 Suze: over there very easily. It could go to 24,028,000. It 168 00:09:34,920 --> 00:09:35,550 Suze: could go up 169 00:09:35,740 --> 00:09:36,660 Suze: absolutely, 170 00:09:37,540 --> 00:09:42,960 Suze: But it is projected to go back down to 3rd 171 00:09:43,340 --> 00:09:45,050 Suze: 18,000 172 00:09:45,940 --> 00:09:48,959 Suze: some time here in the very near future. 173 00:09:49,440 --> 00:09:52,020 Suze: So I would be very careful if I were you 174 00:09:52,210 --> 00:09:54,750 Suze: that if you are getting involved with Bitcoin 175 00:09:55,140 --> 00:09:58,449 Suze: that again, you do it on a dollar cost averaging basis. 176 00:09:58,460 --> 00:10:01,880 Suze: Do not put a lump sum in and just go okay, 177 00:10:01,880 --> 00:10:05,540 Suze: I'm going to do it. But Bitcoin could absolutely go 178 00:10:05,540 --> 00:10:06,360 Suze: down 179 00:10:06,940 --> 00:10:10,650 Suze: considerably before it goes up 180 00:10:11,330 --> 00:10:14,510 Suze: now on the Women and Money app, I give little 181 00:10:14,520 --> 00:10:18,020 Suze: updates as to what's happening with Bitcoin or sometimes oil 182 00:10:18,020 --> 00:10:21,780 Suze: or things like that. You might want to register for 183 00:10:21,780 --> 00:10:25,840 Suze: that app. It's absolutely free because sometimes I could even 184 00:10:25,840 --> 00:10:28,970 Suze: say to you know sell, you need to sell this today. 185 00:10:28,980 --> 00:10:31,830 Suze: I don't like what's happened because I can't do a 186 00:10:31,830 --> 00:10:33,160 Suze: podcast every day. 187 00:10:33,740 --> 00:10:36,760 Suze: So you might want to download that app 188 00:10:37,140 --> 00:10:39,270 Suze: and then you get a little ding when I've put 189 00:10:39,270 --> 00:10:41,660 Suze: something on my wall, 190 00:10:42,140 --> 00:10:43,849 Suze: same thing with gold. 191 00:10:44,240 --> 00:10:46,640 Suze: Gold is not acting the way that it should be 192 00:10:46,640 --> 00:10:47,860 Suze: acting right now. 193 00:10:48,340 --> 00:10:51,420 Suze: But we're going to have to see what happens if 194 00:10:51,420 --> 00:10:55,490 Suze: we go into recession. Many of you. Right me and 195 00:10:55,490 --> 00:10:59,460 Suze: you asked me Suze, how would you buy gold if 196 00:10:59,460 --> 00:11:01,059 Suze: you were going to buy gold? 197 00:11:01,440 --> 00:11:05,860 Suze: So I am invested nicely in gold but it's in 198 00:11:05,860 --> 00:11:09,210 Suze: private minds so you can't really invest the way that 199 00:11:09,210 --> 00:11:10,460 Suze: I do. I don't think 200 00:11:11,140 --> 00:11:16,360 Suze: I would be buying Barrick gold. The symbol is G. O. L. D. 201 00:11:16,480 --> 00:11:19,059 Suze: Because it pays about a 2% dividend 202 00:11:19,740 --> 00:11:24,310 Suze: and we'll just see what happens again. Gold could absolutely 203 00:11:24,309 --> 00:11:29,090 Suze: go down before it hopefully turns around and goes back up. 204 00:11:29,100 --> 00:11:33,140 Suze: But if you want to have gold in your portfolio again, 205 00:11:33,150 --> 00:11:37,480 Suze: be very, very careful. Dollar cost average into it and 206 00:11:37,480 --> 00:11:38,360 Suze: just know 207 00:11:38,440 --> 00:11:42,550 Suze: that it will probably go down before it goes up bonds. 208 00:11:42,940 --> 00:11:45,429 Suze: I said to you before if you're in bonds just 209 00:11:45,429 --> 00:11:47,350 Suze: stay put in them for now. 210 00:11:47,940 --> 00:11:51,030 Suze: And I'm mainly referring to bond funds because if you're 211 00:11:51,030 --> 00:11:53,470 Suze: in individual bonds of course you're going to stay put 212 00:11:53,480 --> 00:11:56,160 Suze: in them because you're not bond traders. 213 00:11:56,640 --> 00:11:59,150 Suze: So a week or two ago, I was saying to 214 00:11:59,150 --> 00:12:01,910 Suze: all of you maybe even longer than that by us, 215 00:12:01,910 --> 00:12:05,400 Suze: Treasury notes by a two year by a five year 216 00:12:05,410 --> 00:12:09,150 Suze: there at 3.3%, briefly. 217 00:12:09,740 --> 00:12:12,620 Suze: And I'll never forget. Somebody wrote in and they said 218 00:12:12,620 --> 00:12:13,250 Suze: to me susie, 219 00:12:13,840 --> 00:12:17,189 Suze: I've been buying them at 3.3%, which is a great 220 00:12:17,190 --> 00:12:19,059 Suze: yield by the way everybody. 221 00:12:20,040 --> 00:12:22,080 Suze: And I think I need to wait till it goes 222 00:12:22,080 --> 00:12:25,309 Suze: to 3.4. And I said okay if you want to 223 00:12:25,340 --> 00:12:29,550 Suze: and now yields have come back down again 224 00:12:30,440 --> 00:12:35,280 Suze: So you can't get 3.3, right now. But yields seem 225 00:12:35,290 --> 00:12:38,060 Suze: to be going down a little bit 226 00:12:38,440 --> 00:12:41,730 Suze: and that means people are buying them rather than selling 227 00:12:41,730 --> 00:12:45,400 Suze: them still a great return on your money. But if 228 00:12:45,400 --> 00:12:48,440 Suze: you're in bond funds at this point in time, I 229 00:12:48,440 --> 00:12:53,349 Suze: do think that interest rates will settle in here sometime soon. 230 00:12:53,740 --> 00:12:57,050 Suze: And even if it's a few months eventually, hopefully you'll 231 00:12:57,050 --> 00:13:00,410 Suze: be okay if interest rates start to come down, we'll 232 00:13:00,410 --> 00:13:04,060 Suze: see if that ever happens. But let's just hope it does. 233 00:13:04,540 --> 00:13:08,859 Suze: Real estate real estate is holding up quite nicely. 234 00:13:09,340 --> 00:13:12,630 Suze: Prices came out just again the other day last week 235 00:13:12,630 --> 00:13:16,189 Suze: on Friday and in many places, real estate prices were 236 00:13:16,190 --> 00:13:18,250 Suze: up 14%. 237 00:13:19,140 --> 00:13:23,390 Suze: So real estate, even though maybe sales are slowing down 238 00:13:23,400 --> 00:13:26,650 Suze: and there isn't really a rush to buy something and 239 00:13:26,650 --> 00:13:28,650 Suze: things are on the market for longer. 240 00:13:29,440 --> 00:13:32,300 Suze: You know, I still don't think it's a bad idea. 241 00:13:32,309 --> 00:13:34,390 Suze: If you want to buy a home that you can 242 00:13:34,390 --> 00:13:36,890 Suze: call your own. I do not think this is the 243 00:13:36,890 --> 00:13:39,440 Suze: type of markets that you should be flipping real estate 244 00:13:39,450 --> 00:13:42,880 Suze: at this point in time. But if you want a 245 00:13:42,880 --> 00:13:45,840 Suze: home that you can call your own and you don't 246 00:13:45,840 --> 00:13:49,150 Suze: want to put up with the lack of rental properties 247 00:13:49,340 --> 00:13:52,890 Suze: because you know rental properties now it's really going crazy 248 00:13:52,890 --> 00:13:53,450 Suze: out there 249 00:13:54,540 --> 00:13:58,860 Suze: in many places when you now go to rent something, 250 00:14:00,130 --> 00:14:02,860 Suze: they have an open house for a rental, 251 00:14:03,940 --> 00:14:06,710 Suze: like an open house to buy a house there. Now 252 00:14:06,710 --> 00:14:08,650 Suze: having open houses to rent, 253 00:14:09,540 --> 00:14:12,450 Suze: there's lines out the door waiting for people to 254 00:14:12,840 --> 00:14:14,959 Suze: go in and see what the place looks like. 255 00:14:15,740 --> 00:14:22,020 Suze: The agent is saying, Alright, this apartment rents for $2,000 256 00:14:22,030 --> 00:14:24,670 Suze: a month. But you are more than happy to bid 257 00:14:24,670 --> 00:14:28,360 Suze: higher than that $2,000 a month and then we'll let 258 00:14:28,360 --> 00:14:29,560 Suze: you know who gets it. 259 00:14:30,640 --> 00:14:31,860 Suze: So somebody 260 00:14:32,340 --> 00:14:36,450 Suze: Went to one of these, they bid $2,200 a month. 261 00:14:36,450 --> 00:14:39,450 Suze: They thought I better bid up a little bit and 262 00:14:39,450 --> 00:14:41,460 Suze: they didn't get it because somebody bid all the way 263 00:14:41,460 --> 00:14:42,450 Suze: up to 3000. 264 00:14:42,840 --> 00:14:47,140 Suze: So, rentals are still something that are very expensive hard 265 00:14:47,140 --> 00:14:49,690 Suze: to come by. So if you want to own your 266 00:14:49,690 --> 00:14:52,860 Suze: own home and you have the money to do so 267 00:14:53,540 --> 00:14:59,150 Suze: don't let 5.5 or 6% mortgage rates scare you away 268 00:14:59,840 --> 00:15:00,650 Suze: because 269 00:15:01,240 --> 00:15:04,470 Suze: It's not such a bad interest rate a few years ago, 270 00:15:04,470 --> 00:15:06,850 Suze: everybody was thrilled to have 6%. 271 00:15:07,540 --> 00:15:10,800 Suze: So if the numbers work for you, you want to 272 00:15:10,810 --> 00:15:13,710 Suze: own a home, you want to get out of the 273 00:15:13,720 --> 00:15:16,860 Suze: rental racket because it seems like it's a real racket 274 00:15:16,860 --> 00:15:17,560 Suze: right now. 275 00:15:18,240 --> 00:15:21,330 Suze: All right but do me a favor buy a home 276 00:15:21,330 --> 00:15:24,660 Suze: that you need. Don't buy your dream home right now 277 00:15:25,340 --> 00:15:28,570 Suze: now is the time to buy down rather than buying 278 00:15:28,580 --> 00:15:28,850 Suze: up 279 00:15:29,540 --> 00:15:33,380 Suze: if interest rates were at 2 2.5% I would say 280 00:15:33,380 --> 00:15:35,450 Suze: to you alright bye up. 281 00:15:36,340 --> 00:15:39,110 Suze: But that's not where we are. And we're also in 282 00:15:39,110 --> 00:15:41,860 Suze: a place where we're heading possibly towards a recession. 283 00:15:42,640 --> 00:15:44,990 Suze: So are you gonna keep your job? Are there gonna 284 00:15:44,990 --> 00:15:48,030 Suze: be layoffs? What's going to happen? Our customer's gonna stop 285 00:15:48,030 --> 00:15:49,860 Suze: coming into your business 286 00:15:50,640 --> 00:15:53,660 Suze: things that you need to think about and prices are 287 00:15:53,660 --> 00:15:54,860 Suze: still going up 288 00:15:55,640 --> 00:16:00,540 Suze: somewhat. Not everywhere but with oil and food there's still 289 00:16:00,540 --> 00:16:01,960 Suze: kind of toppy here 290 00:16:02,640 --> 00:16:03,150 Suze: so 291 00:16:04,440 --> 00:16:07,560 Suze: just take that into consideration 292 00:16:08,140 --> 00:16:10,660 Suze: in terms of inflation. Everybody 293 00:16:11,040 --> 00:16:15,660 Suze: there are certain commodities that are starting to go down 294 00:16:16,540 --> 00:16:21,250 Suze: and those are things like plastic and aluminum and materials 295 00:16:21,640 --> 00:16:24,860 Suze: are starting to go down and that is a good 296 00:16:24,870 --> 00:16:25,560 Suze: sign 297 00:16:26,640 --> 00:16:29,430 Suze: we still have to wait to see again while oil 298 00:16:29,430 --> 00:16:31,510 Suze: and food go down which are the two things that 299 00:16:31,510 --> 00:16:33,260 Suze: really are affecting everybody. 300 00:16:33,840 --> 00:16:35,250 Suze: But it may be 301 00:16:35,840 --> 00:16:40,620 Suze: that inflation has kind of topped out here or very 302 00:16:40,620 --> 00:16:42,560 Suze: very close to topping out 303 00:16:43,140 --> 00:16:46,010 Suze: so we'll have to see what happens on July 13th 304 00:16:46,020 --> 00:16:48,570 Suze: when the new C. P. I. Numbers come out 305 00:16:49,640 --> 00:16:52,620 Suze: but we'll just keep our fingers crossed that we're at 306 00:16:52,620 --> 00:16:55,360 Suze: the top end of inflation 307 00:16:55,840 --> 00:16:58,770 Suze: and they're going to start to come down. 308 00:16:59,670 --> 00:17:03,360 Suze: Technology stocks such as Apple Amazon Google 309 00:17:03,940 --> 00:17:04,660 Suze: matter 310 00:17:05,740 --> 00:17:07,449 Suze: have started to go again. 311 00:17:07,940 --> 00:17:11,870 Suze: So those are fabulous stocks, they always have been, they 312 00:17:11,869 --> 00:17:15,180 Suze: always will be nice stocks to have as a core 313 00:17:15,190 --> 00:17:16,850 Suze: of your portfolio. 314 00:17:17,440 --> 00:17:20,560 Suze: But remember if you're going to buy them 315 00:17:21,540 --> 00:17:25,530 Suze: dollar cost average into them small amounts of money, let's 316 00:17:25,530 --> 00:17:29,080 Suze: see what happens by when the markets are down, not 317 00:17:29,080 --> 00:17:33,770 Suze: when the markets are up and we'll go from there. 318 00:17:34,240 --> 00:17:34,660 Suze: Alright, 319 00:17:35,540 --> 00:17:39,560 Suze: one last thing if we do end up in recession 320 00:17:40,140 --> 00:17:43,540 Suze: which it seems like we're getting closer and closer to 321 00:17:43,540 --> 00:17:45,169 Suze: having a recession 322 00:17:45,640 --> 00:17:51,159 Suze: then what's interesting is then staples will come back into favor. 323 00:17:51,170 --> 00:17:54,470 Suze: So let's just see what comes back into favor and 324 00:17:54,470 --> 00:17:57,310 Suze: how these stocks and E. T. S. And mutual funds 325 00:17:57,310 --> 00:17:58,770 Suze: do over the long run. 326 00:17:59,340 --> 00:18:02,159 Suze: What's really hard is 327 00:18:02,740 --> 00:18:06,359 Suze: that most of you are watching everything every day 328 00:18:06,740 --> 00:18:10,060 Suze: and you are getting really freaked out. It goes down, 329 00:18:10,070 --> 00:18:12,350 Suze: it goes up, it goes down, it goes up. 330 00:18:13,340 --> 00:18:16,619 Suze: Either you like what you're invested in either. It makes 331 00:18:16,619 --> 00:18:19,989 Suze: sense either you don't care that it goes down because 332 00:18:19,990 --> 00:18:24,900 Suze: it's pain you like a 9.28% dividend right now which 333 00:18:24,910 --> 00:18:29,860 Suze: is what Devon is paying or 13%, which is what Pioneer's paying. 334 00:18:29,869 --> 00:18:31,960 Suze: So either you like the dividends 335 00:18:32,040 --> 00:18:33,590 Suze: you feel that they're solid, 336 00:18:33,740 --> 00:18:35,060 Suze: you want to keep that 337 00:18:35,740 --> 00:18:38,450 Suze: or you go, you know what, I've made money. I've 338 00:18:38,450 --> 00:18:39,760 Suze: had it. I'm out. 339 00:18:40,740 --> 00:18:43,530 Suze: There's nothing wrong with either of those things. You just 340 00:18:43,530 --> 00:18:47,160 Suze: have to know. But again, it's really important 341 00:18:47,740 --> 00:18:51,909 Suze: that you understand that you don't sell something just because 342 00:18:51,910 --> 00:18:52,730 Suze: it's down. 343 00:18:53,140 --> 00:18:56,740 Suze: It could be out of favor. Like staples came out 344 00:18:56,740 --> 00:18:59,410 Suze: of favor. Don't ask me how. But they did. They 345 00:18:59,410 --> 00:19:01,560 Suze: could very easily go right back up in case of 346 00:19:01,560 --> 00:19:05,460 Suze: a recession, oil could very easily go right back up. 347 00:19:06,160 --> 00:19:08,060 Suze: Depending on what happens. 348 00:19:08,840 --> 00:19:12,600 Suze: Anything can happen at any time, which is why you 349 00:19:12,600 --> 00:19:15,170 Suze: always want a dollar cost average. 350 00:19:16,140 --> 00:19:18,840 Suze: So those are some of the things that I know 351 00:19:18,840 --> 00:19:20,159 Suze: you wanted to hear. 352 00:19:20,760 --> 00:19:24,120 Suze: But there's other things that I want you to hear 353 00:19:24,130 --> 00:19:28,550 Suze: as well because I've just spent this past week or 354 00:19:28,550 --> 00:19:31,669 Suze: two reading a lot of your emails 355 00:19:32,540 --> 00:19:36,460 Suze: and I have to say they've made me very, very sad. 356 00:19:37,240 --> 00:19:39,850 Suze: And the reason that they've made me sad 357 00:19:40,240 --> 00:19:44,670 Suze: is so many of you have lost your spouse recently. 358 00:19:46,040 --> 00:19:49,060 Suze: You know, maybe you lost your spouse last month, 359 00:19:50,040 --> 00:19:51,359 Suze: four months ago 360 00:19:51,740 --> 00:19:52,960 Suze: a year ago 361 00:19:53,840 --> 00:19:56,730 Suze: and you're in mourning and you really don't know what 362 00:19:56,730 --> 00:20:00,050 Suze: to do. And these are all spouses that are women 363 00:20:00,440 --> 00:20:04,820 Suze: who have lost their male spouse and it's been traumatic 364 00:20:04,820 --> 00:20:05,770 Suze: for all of you 365 00:20:06,440 --> 00:20:10,060 Suze: and you write me these heart felt emails 366 00:20:10,840 --> 00:20:13,359 Suze: and all you talk to me about 367 00:20:13,840 --> 00:20:15,670 Suze: are your kids 368 00:20:16,440 --> 00:20:21,890 Suze: making sure that your kids are okay. Suze. I want 369 00:20:21,890 --> 00:20:25,870 Suze: to make sure that I funded their 5 29 plan. Suze. 370 00:20:25,880 --> 00:20:28,670 Suze: My kids are going to get $5000 a month from 371 00:20:28,670 --> 00:20:33,720 Suze: Social Security. And I feel that that's their money and 372 00:20:33,720 --> 00:20:35,760 Suze: I want to put it away for them. 373 00:20:37,140 --> 00:20:41,020 Suze: Suze. You know what can I do to make sure 374 00:20:41,030 --> 00:20:44,129 Suze: that my kids are set, Can I open up retirement 375 00:20:44,130 --> 00:20:46,770 Suze: accounts for them? What can I do for them? 376 00:20:47,640 --> 00:20:50,359 Suze: And throughout these entire emails 377 00:20:51,340 --> 00:20:53,560 Suze: none of you of the ones I've read 378 00:20:54,340 --> 00:20:56,050 Suze: are saying to me, Susie, 379 00:20:56,740 --> 00:20:58,270 Suze: I'm worried about myself, 380 00:20:59,160 --> 00:21:02,330 Suze: I'm worried about I haven't worked in a while now 381 00:21:02,340 --> 00:21:03,770 Suze: and I don't know what to do 382 00:21:04,790 --> 00:21:09,200 Suze: Suze, My spouse left me all these bond funds and 383 00:21:09,210 --> 00:21:11,600 Suze: all of these things and I don't know what they 384 00:21:11,609 --> 00:21:14,350 Suze: are and what should I do about it? 385 00:21:15,040 --> 00:21:16,660 Suze: I'm afraid Suze. 386 00:21:17,540 --> 00:21:19,909 Suze: What can I do for my kids? Suze, what can 387 00:21:19,910 --> 00:21:22,580 Suze: I do for my kids, Suze? What can I do 388 00:21:22,580 --> 00:21:26,740 Suze: for my kids? And you are nowhere to be found 389 00:21:26,750 --> 00:21:27,950 Suze: within there. 390 00:21:29,040 --> 00:21:31,449 Suze: You don't talk to me about the benefits that you 391 00:21:31,450 --> 00:21:34,689 Suze: could get from Social security. You don't talk to me 392 00:21:34,700 --> 00:21:38,270 Suze: about what you should do about an inherited retirement account. 393 00:21:38,280 --> 00:21:41,210 Suze: And how should you take that? Because those rules are 394 00:21:41,210 --> 00:21:43,560 Suze: very complicated. And in fact 395 00:21:43,940 --> 00:21:46,919 Suze: I think I'll probably do a Suze School maybe next 396 00:21:46,920 --> 00:21:49,960 Suze: week on inherited I. R. A. S. 397 00:21:50,340 --> 00:21:53,550 Suze: Because it's really important that you understand how they work. 398 00:21:54,740 --> 00:21:58,060 Suze: But you're not asking me about any of the things 399 00:21:58,540 --> 00:22:01,360 Suze: to secure your own future. 400 00:22:03,440 --> 00:22:04,060 Suze: And 401 00:22:04,640 --> 00:22:05,859 Suze: and that makes me sad. 402 00:22:06,840 --> 00:22:08,360 Suze: And it brings me back 403 00:22:08,740 --> 00:22:11,770 Suze: to the one saying that I always signed off 404 00:22:12,140 --> 00:22:14,270 Suze: on the Suze Orman show with 405 00:22:14,640 --> 00:22:18,960 Suze: which is people first then money then things. 406 00:22:19,640 --> 00:22:22,270 Suze: But whenever I'm said people first 407 00:22:22,840 --> 00:22:23,950 Suze: I meant you 408 00:22:24,740 --> 00:22:28,270 Suze: and I really was talking to the women that were 409 00:22:28,270 --> 00:22:29,960 Suze: watching me on that show 410 00:22:31,070 --> 00:22:33,590 Suze: in my own way. I was saying to all of 411 00:22:33,600 --> 00:22:34,260 Suze: you 412 00:22:34,940 --> 00:22:35,560 Suze: women, 413 00:22:36,140 --> 00:22:40,320 Suze: you have got to take care of yourself before you 414 00:22:40,320 --> 00:22:43,359 Suze: take care of anybody else. 415 00:22:44,640 --> 00:22:46,350 Suze: Now it broke my heart again 416 00:22:46,940 --> 00:22:49,359 Suze: that I read an email from a woman 417 00:22:49,740 --> 00:22:51,859 Suze: who said Suze, I need help. 418 00:22:52,540 --> 00:22:55,270 Suze: My daughter is going to school in New York 419 00:22:55,940 --> 00:22:58,670 Suze: And it's costing $100,000 a year 420 00:22:59,100 --> 00:23:02,550 Suze: And I saved 100,000 for the first year. 421 00:23:02,940 --> 00:23:09,270 Suze: But I don't have another 300,000 for the next three years. 422 00:23:10,240 --> 00:23:13,359 Suze: She only qualifies for a $6,000 loan. 423 00:23:14,030 --> 00:23:16,990 Suze: I would have to take out a loan for all 424 00:23:16,990 --> 00:23:18,170 Suze: of that money. 425 00:23:19,240 --> 00:23:22,960 Suze: And I'm afraid Suze, I don't know what to do. 426 00:23:23,840 --> 00:23:25,160 Suze: Can you help me? 427 00:23:26,820 --> 00:23:31,230 Suze: And again, that makes me sad because we have a mother, 428 00:23:31,230 --> 00:23:32,949 Suze: a single mother 429 00:23:34,340 --> 00:23:40,050 Suze: Who saved $100,000 and her daughter is going to a 430 00:23:40,050 --> 00:23:44,010 Suze: school that's $100,000 a year. I wrote her back and 431 00:23:44,010 --> 00:23:47,150 Suze: I said I don't know of any education in my 432 00:23:47,150 --> 00:23:47,960 Suze: opinion 433 00:23:48,940 --> 00:23:52,560 Suze: That's worth a $400,000 debt. 434 00:23:53,130 --> 00:23:55,140 Suze: Maybe if you're going to be a brain surgeon or 435 00:23:55,140 --> 00:23:57,060 Suze: a doctor or whatever it may be. 436 00:23:58,040 --> 00:24:01,270 Suze: But $100,000 a year 437 00:24:02,640 --> 00:24:05,359 Suze: mama. You gotta think about yourself first. 438 00:24:06,550 --> 00:24:07,760 Suze: You got to think about 439 00:24:08,240 --> 00:24:09,949 Suze: how are you going to do this? 440 00:24:10,540 --> 00:24:14,630 Suze: You need to sit down with your family, everybody and 441 00:24:14,630 --> 00:24:17,350 Suze: tell everybody what you need mama 442 00:24:18,040 --> 00:24:19,859 Suze: what you need woman 443 00:24:20,540 --> 00:24:23,170 Suze: to your friends to everybody 444 00:24:24,340 --> 00:24:27,960 Suze: and stop putting yourself on the back burner 445 00:24:29,140 --> 00:24:33,060 Suze: because there's gonna come a day and I promise you 446 00:24:33,540 --> 00:24:35,270 Suze: where you are going to say, 447 00:24:35,740 --> 00:24:37,270 Suze: why didn't I listen to Suze? 448 00:24:38,040 --> 00:24:41,669 Suze: Why was I so afraid to tell everybody the truth 449 00:24:42,040 --> 00:24:43,770 Suze: about my situation? 450 00:24:44,440 --> 00:24:48,750 Suze: Why is it that my kids can't understand that mommy's 451 00:24:48,750 --> 00:24:50,670 Suze: doing the best she can do. 452 00:24:51,640 --> 00:24:52,859 Suze: What are we going to do? 453 00:24:53,440 --> 00:24:55,060 Suze: Why can't she understand that? 454 00:24:55,940 --> 00:24:59,450 Suze: Now? The reason that I'm focusing this on women 455 00:25:00,140 --> 00:25:05,580 Suze: Is that normally in most situations men have no problem 456 00:25:05,580 --> 00:25:08,060 Suze: saying you ain't going to a school for $100,000 457 00:25:08,740 --> 00:25:10,360 Suze: not gonna happen on my watch 458 00:25:10,740 --> 00:25:12,270 Suze: every once in a while 459 00:25:12,840 --> 00:25:16,580 Suze: I've come across a man who has said, yeah, I'm 460 00:25:16,580 --> 00:25:20,710 Suze: gonna get into serious debt because my kids and they 461 00:25:20,710 --> 00:25:24,170 Suze: go on about their kids because they're so proud. 462 00:25:24,640 --> 00:25:26,350 Suze: But most intelligent men 463 00:25:27,040 --> 00:25:28,060 Suze: don't do that? 464 00:25:28,540 --> 00:25:31,659 Suze: They say we can't afford that. We're not doing that. 465 00:25:32,040 --> 00:25:36,270 Suze: Women on the other hand, especially single mothers 466 00:25:36,840 --> 00:25:39,959 Suze: feel so guilty in my opinion for some reason 467 00:25:40,740 --> 00:25:42,659 Suze: that they just don't stand up 468 00:25:43,540 --> 00:25:47,170 Suze: or have the courage to say what's true for them 469 00:25:48,140 --> 00:25:52,760 Suze: to think about themselves before they think about their kids. 470 00:25:53,140 --> 00:25:55,270 Suze: But if you could take care of yourself, 471 00:25:55,740 --> 00:25:58,510 Suze: your kids are never going to be in a situation 472 00:25:58,520 --> 00:26:02,570 Suze: where they feel guilty that you took care of them 473 00:26:02,580 --> 00:26:06,430 Suze: before you took care of yourself and now they're going 474 00:26:06,430 --> 00:26:08,760 Suze: to need to take care of you. 475 00:26:10,040 --> 00:26:10,760 Suze: So 476 00:26:11,340 --> 00:26:12,560 Suze: I wanted to say that 477 00:26:13,540 --> 00:26:15,670 Suze: because that made me really sad. 478 00:26:16,340 --> 00:26:20,659 Suze: Other events of last week made me seriously sad 479 00:26:21,560 --> 00:26:24,060 Suze: to see Roe versus Wade being 480 00:26:24,540 --> 00:26:25,560 Suze: overturned. 481 00:26:26,040 --> 00:26:27,270 Suze: Are we all kidding? 482 00:26:27,740 --> 00:26:29,060 Suze: Is that even possible? 483 00:26:30,040 --> 00:26:32,170 Suze: Is that even possible that that happened? 484 00:26:32,640 --> 00:26:35,850 Suze: Is it even possible that in the in New York 485 00:26:36,340 --> 00:26:40,890 Suze: the Supreme Court overturned the law where you couldn't carry 486 00:26:40,890 --> 00:26:43,170 Suze: concealed weapons and now you can. 487 00:26:44,040 --> 00:26:45,859 Suze: like really everybody 488 00:26:46,340 --> 00:26:46,850 Suze: really 489 00:26:47,640 --> 00:26:50,359 Suze: So we're at a time in life 490 00:26:51,440 --> 00:26:54,350 Suze: where at a time in life where other people 491 00:26:54,740 --> 00:26:57,670 Suze: should not be able to make decisions for you, 492 00:26:58,840 --> 00:27:02,380 Suze: other people should not be able to be in control 493 00:27:02,390 --> 00:27:05,350 Suze: of what you can and cannot do. 494 00:27:05,840 --> 00:27:07,270 Suze: Other people 495 00:27:07,640 --> 00:27:10,640 Suze: should be doing whatever they can to make sure that 496 00:27:10,640 --> 00:27:13,960 Suze: our Children in schools are protected. 497 00:27:14,540 --> 00:27:17,430 Suze: That we are protected when we walk into a grocery 498 00:27:17,430 --> 00:27:17,960 Suze: store 499 00:27:18,640 --> 00:27:24,010 Suze: that we feel strong, safe and secure, not just with 500 00:27:24,010 --> 00:27:26,460 Suze: our money but with our lives as well. 501 00:27:27,540 --> 00:27:28,260 Suze: So 502 00:27:28,640 --> 00:27:30,170 Suze: what are we going to do about that? 503 00:27:30,640 --> 00:27:32,459 Suze: How do we do that? Everybody 504 00:27:33,540 --> 00:27:37,410 Suze: one way to start is by taking control of your 505 00:27:37,420 --> 00:27:38,060 Suze: own life, 506 00:27:38,840 --> 00:27:41,270 Suze: taking control of your own money, 507 00:27:41,890 --> 00:27:44,920 Suze: taking control of your own future 508 00:27:45,640 --> 00:27:48,080 Suze: so that you don't have to ask for help. So 509 00:27:48,080 --> 00:27:50,869 Suze: you don't have to be dependent on others so that 510 00:27:50,869 --> 00:27:52,060 Suze: you can be 511 00:27:53,040 --> 00:27:54,270 Suze: the strong, 512 00:27:54,940 --> 00:27:57,270 Suze: vital, courageous 513 00:27:58,140 --> 00:28:00,960 Suze: people that you were all born to be. 514 00:28:01,540 --> 00:28:02,460 Suze: So until 515 00:28:02,940 --> 00:28:09,450 Suze: thursday, when Miss Travis joins us again Ask KT and Suze anything 516 00:28:11,040 --> 00:28:13,890 Suze: really. This is the time for you to take these 517 00:28:13,890 --> 00:28:16,669 Suze: words very, very seriously. 518 00:28:17,720 --> 00:28:20,450 Suze: I want you all to stay safe. 519 00:28:21,040 --> 00:28:25,770 Suze: Strong and secure. See you Thursday everybody. Bye bye. 520 00:28:26,910 --> 00:28:27,160 Music: (MUSIC OUT)