1 00:00:08,689 --> 00:00:13,729 Suze: March 12, 2026. Welcome everybody to the Women and Money podcast, 2 00:00:13,770 --> 00:00:16,529 Suze: as well as everybody smart enough to listen. I know, 3 00:00:16,569 --> 00:00:21,090 Suze: I know. You're all freaking out, cause it's really Sunday 4 00:00:21,090 --> 00:00:24,709 Suze: when you're listening to this, most likely March 15th. But 5 00:00:24,709 --> 00:00:27,569 Suze: I wanted to tell you March 12th because that is 6 00:00:27,569 --> 00:00:30,530 Suze: the day that I am recording this, and I'm doing 7 00:00:30,530 --> 00:00:34,810 Suze: this because Robert asked me for a favor. Could we 8 00:00:34,810 --> 00:00:37,610 Suze: do it earlier? So I said, absolutely. 9 00:00:38,299 --> 00:00:41,650 Suze: So, it's important that you know when I recorded this, 10 00:00:41,979 --> 00:00:44,659 Suze: so you'll understand that in a second cause it has 11 00:00:44,659 --> 00:00:47,380 Suze: a lot to do with the price of oil, the 12 00:00:47,380 --> 00:00:51,610 Suze: price of Chevron, and so on and so forth. So, 13 00:00:51,860 --> 00:00:55,540 Suze: I want you to get out your Suze notebooks, cause 14 00:00:55,540 --> 00:00:59,110 Suze: you really need to get this lesson that we're about 15 00:00:59,110 --> 00:01:03,540 Suze: to do today on Suze School. Now, before I begin... 16 00:01:05,269 --> 00:01:05,376 Suze: I want all of you, given that this podcast drops on March 15th, can you just go and see what did Chevron actually close at last Friday? What is the price of WTI? So let's just see what can happen in a few days. And by the way. You should all go to youtube.com/suze Orman and take a look at the little synopsis that we did of last week's podcast. 17 00:01:05,376 --> 00:01:08,220 Suze: Look for war money moves, and you'll see in just a few minutes everything that we really talked about that was important last Sunday. Alright, one last thing, however, at the beginning of the year we posted this 18 00:01:08,220 --> 00:01:13,309 Suze: thing called your roadmap for 2026 that goes to a 19 00:01:13,309 --> 00:01:16,389 Suze: website which is where my blog and everything gets mailed 20 00:01:16,389 --> 00:01:21,709 Suze: out from to all of you. It is not a scam. 21 00:01:21,910 --> 00:01:25,750 Suze: It is real. You haven't been hacked. It doesn't take 22 00:01:25,750 --> 00:01:30,419 Suze: you to a false website. It is absolutely true, so 23 00:01:30,430 --> 00:01:32,669 Suze: please just know that. 24 00:01:33,440 --> 00:01:35,679 Suze: I know your little Suze notebooks out there. 25 00:01:36,750 --> 00:01:37,190 Suze: All right. 26 00:01:38,339 --> 00:01:40,610 Suze: Now, listen to me. 27 00:01:41,370 --> 00:01:45,739 Suze: You know Fitzy or Keith Fitz-Gerald was on the podcast 28 00:01:45,739 --> 00:01:50,220 Suze: last weekend with me, and during that episode he shared 29 00:01:50,220 --> 00:01:56,599 Suze: with all of you his absolute number one favorite energy stock, 30 00:01:56,980 --> 00:01:59,379 Suze: and that stock was Chevron. 31 00:02:00,099 --> 00:02:04,800 Suze: Now, after that episode aired, many of you wrote in 32 00:02:05,000 --> 00:02:08,339 Suze: with the exact same question. You said, Suze, wait a minute. 33 00:02:08,660 --> 00:02:11,740 Suze: Chevron is at its all-time highs. Are you really telling 34 00:02:11,740 --> 00:02:14,019 Suze: us we should buy it here? And you started to 35 00:02:14,020 --> 00:02:17,220 Suze: quote all these reasons why you were gonna wait and 36 00:02:17,220 --> 00:02:19,899 Suze: how it was not a smart move to buy it 37 00:02:19,899 --> 00:02:23,799 Suze: right then and there, and I'm like going, are you 38 00:02:24,179 --> 00:02:25,500 Suze: kidding me? 39 00:02:28,059 --> 00:02:33,660 Suze: I want you to understand that many investors, I get it, 40 00:02:34,100 --> 00:02:36,710 Suze: believe that they should only buy a stock when it 41 00:02:36,710 --> 00:02:40,049 Suze: has fallen. They think, Hey, if it's already gone up, 42 00:02:40,679 --> 00:02:44,589 Suze: oh my God, I've missed it. Now you did hear 43 00:02:44,589 --> 00:02:47,330 Suze: Fitzy say you should have bought it six months ago, 44 00:02:47,470 --> 00:02:49,788 Suze: cause the truth of the matter is he did say 45 00:02:49,788 --> 00:02:52,350 Suze: six months ago you should buy it, but he said 46 00:02:52,350 --> 00:02:55,389 Suze: it again. That's when it was like at 150. But 47 00:02:55,389 --> 00:02:57,109 Suze: he said it again. 48 00:02:57,570 --> 00:03:02,139 Suze: That he would still buy it here and when he 49 00:03:02,139 --> 00:03:07,478 Suze: said that it was right around $191 a share. 50 00:03:08,830 --> 00:03:13,559 Suze: At the close of the stock market last night early 51 00:03:13,559 --> 00:03:19,619 Suze: this morning, it closed at $192 a share now between 52 00:03:19,960 --> 00:03:25,399 Suze: last Sunday and yesterday night it went down like from 53 00:03:25,399 --> 00:03:29,110 Suze: $192 to $187 and all of you were then right 54 00:03:29,110 --> 00:03:31,720 Suze: in saying, see, I told you I was right. See, 55 00:03:31,839 --> 00:03:34,559 Suze: we should have waited, and now here it is back 56 00:03:34,559 --> 00:03:35,559 Suze: up again. 57 00:03:36,559 --> 00:03:41,720 Suze: That is not investing when you are waiting for something 58 00:03:41,720 --> 00:03:43,369 Suze: to go down. 59 00:03:44,149 --> 00:03:49,029 Suze: You are missing the entire point, everybody. You don't know 60 00:03:49,029 --> 00:03:52,470 Suze: what's going to happen. So it looked like maybe they 61 00:03:52,470 --> 00:03:55,380 Suze: would settle this war. Maybe we're coming out of it. 62 00:03:55,550 --> 00:03:57,570 Suze: Then all of a sudden something happens and here we 63 00:03:57,570 --> 00:03:59,229 Suze: are back really in it. 64 00:04:00,229 --> 00:04:04,270 Suze: So you invest and did I not say you should 65 00:04:04,270 --> 00:04:07,470 Suze: invest on a dollar cost averaging basis did I not 66 00:04:07,470 --> 00:04:11,229 Suze: say that but I do get it. I get that 67 00:04:11,229 --> 00:04:14,029 Suze: you think when a stock has gone up so much 68 00:04:14,029 --> 00:04:14,750 Suze: you think. 69 00:04:15,729 --> 00:04:18,928 Suze: It's already gone up too high. I must have missed it. 70 00:04:19,649 --> 00:04:22,190 Suze: And then you think, oh, oil's gonna go back down. 71 00:04:22,329 --> 00:04:24,480 Suze: So like I said before, I'm gonna wait till the 72 00:04:24,480 --> 00:04:25,549 Suze: war is over. 73 00:04:26,440 --> 00:04:30,469 Suze: Really? Do you think investing is that simple? 74 00:04:31,488 --> 00:04:36,850 Suze: Do you think investing is that predictable? But here's the thing, 75 00:04:36,880 --> 00:04:44,089 Suze: experienced investors seriously understand that most people don't. A stock 76 00:04:44,089 --> 00:04:48,410 Suze: hitting new highs is not always a warning sign. Everybody. 77 00:04:49,049 --> 00:04:52,989 Suze: Sometimes it means something important in the world is changing, 78 00:04:53,329 --> 00:04:58,369 Suze: and you have to admit right now, something really important 79 00:04:58,369 --> 00:05:00,220 Suze: is changing. 80 00:05:00,678 --> 00:05:03,970 Suze: The past two weeks or how many days it's been, 81 00:05:04,279 --> 00:05:08,040 Suze: we are in essence at war again. That is a 82 00:05:08,040 --> 00:05:08,820 Suze: big change. 83 00:05:09,600 --> 00:05:13,980 Suze: And the other thing that has changed is the oil 84 00:05:13,980 --> 00:05:20,040 Suze: market just had a week unlike anything investors had seen 85 00:05:20,339 --> 00:05:26,559 Suze: in decades. So you have to understand what's going on here, 86 00:05:26,738 --> 00:05:30,519 Suze: and that is what the Suze School today is all about. 87 00:05:30,859 --> 00:05:34,959 Suze: So by now you really have gotten out your notebooks, right? 88 00:05:35,309 --> 00:05:37,959 Suze: All right, let's start at the beginning. 89 00:05:38,540 --> 00:05:43,070 Suze: You hear me and Fitz and other people say, WTI 90 00:05:43,070 --> 00:05:47,368 Suze: is going up, WTI is going down. Do you even 91 00:05:47,369 --> 00:05:50,769 Suze: know what WTI stands for? 92 00:05:51,609 --> 00:05:57,738 Suze: It stands for West Texas Intermediate Crude, and that happens 93 00:05:57,738 --> 00:06:02,339 Suze: to be everybody, the main US oil benchmark in the 94 00:06:02,339 --> 00:06:05,339 Suze: same way we quote the Standard and Poor's 500, the 95 00:06:05,339 --> 00:06:10,730 Suze: Dow Jones Industrial Average, the NASDAQ. Those are benchmarks. 96 00:06:13,295 --> 00:06:19,635 Suze: So, WTI is the main US oil benchmark and WTI surged 97 00:06:19,904 --> 00:06:25,214 Suze: more than 35% in just that one week. Now why 98 00:06:25,214 --> 00:06:28,214 Suze: is that so important? Because do you know that that 99 00:06:28,214 --> 00:06:33,774 Suze: was the largest weekly gain in the futures market since 100 00:06:33,774 --> 00:06:35,095 Suze: records began. 101 00:06:36,209 --> 00:06:40,359 Suze: WTI started to go from 60 to 85 to 90 102 00:06:40,359 --> 00:06:43,730 Suze: to like 115 $120 and now, as I'm recording this, 103 00:06:43,809 --> 00:06:48,349 Suze: it's back at about $88. You just need to know that. 104 00:06:49,160 --> 00:06:52,600 Suze: Your next question needs to be why, Suze, why is 105 00:06:52,600 --> 00:06:56,420 Suze: this happening? And I think many of you absolutely know 106 00:06:56,678 --> 00:07:00,958 Suze: why it is happening. It is because we are in 107 00:07:00,959 --> 00:07:06,349 Suze: conflict involving Iran, which has disrupted everybody. One of the 108 00:07:06,350 --> 00:07:10,799 Suze: most critical oil shipping routes in the world. Do you 109 00:07:10,799 --> 00:07:12,959 Suze: know what the name of that is? It's called the 110 00:07:12,959 --> 00:07:15,679 Suze: Strait of Hormuz. Got it? 111 00:07:16,100 --> 00:07:20,589 Suze: And why is that important? Because 20% of the world's 112 00:07:20,589 --> 00:07:26,549 Suze: oil supply passes through that very little narrow waterway, and 113 00:07:26,549 --> 00:07:30,059 Suze: right now tankers are just there. They're all afraid to 114 00:07:30,059 --> 00:07:35,089 Suze: go through it and in some cases they've actually stopped entirely. 115 00:07:35,510 --> 00:07:40,450 Suze: So what happens is when supply is threatened, obviously oil 116 00:07:40,589 --> 00:07:45,760 Suze: prices move higher. So that's what markets are reacting to. 117 00:07:46,519 --> 00:07:49,390 Suze: Now there are people out there, I'm just telling you this, 118 00:07:49,640 --> 00:07:54,839 Suze: that have warned us that if disruptions continue, oil could 119 00:07:54,839 --> 00:07:59,279 Suze: potentially reach $150 a barrel. It is not impossible that 120 00:07:59,279 --> 00:08:03,119 Suze: if they went and they bombed the oil fields and everything, listen, 121 00:08:03,679 --> 00:08:05,420 Suze: we're dealing with Iran. 122 00:08:06,320 --> 00:08:10,209 Suze: And I always think you never know what's going to happen, 123 00:08:10,559 --> 00:08:12,799 Suze: so you can't just say, oh, the war will be 124 00:08:12,799 --> 00:08:16,440 Suze: over and even if we pull back we leave there 125 00:08:16,440 --> 00:08:20,160 Suze: we stop bombing that doesn't mean in one month from 126 00:08:20,160 --> 00:08:23,869 Suze: now they're not gonna retaliate so you always have to 127 00:08:23,869 --> 00:08:26,940 Suze: have something positioned in your portfolio. 128 00:08:27,450 --> 00:08:32,199 Suze: In case something like this happens, do you know Iraq 129 00:08:32,849 --> 00:08:36,580 Suze: has already cut, I think it was 1.5 million barrels 130 00:08:36,580 --> 00:08:41,140 Suze: per day. Kuwait has followed, so the oil market, I 131 00:08:41,140 --> 00:08:45,940 Suze: have to tell you, may be facing a significant supply shock. Now. 132 00:08:45,979 --> 00:08:49,479 Suze: I know we may be releasing reserves and doing all this, 133 00:08:49,700 --> 00:08:53,099 Suze: but let's just see what happens now. I want you 134 00:08:53,099 --> 00:08:54,799 Suze: to know though, I get it. 135 00:08:55,210 --> 00:08:59,049 Suze: I get you're writing me and you're saying, Suze, I'm scared, war, 136 00:08:59,250 --> 00:09:04,250 Suze: shipping disruptions, oil surging, maybe we should just stay out 137 00:09:04,250 --> 00:09:06,369 Suze: of the market completely. 138 00:09:07,280 --> 00:09:09,479 Suze: Do all of you feel that way? Do some of 139 00:09:09,479 --> 00:09:12,839 Suze: you feel that way? If I was gonna answer that, 140 00:09:13,000 --> 00:09:14,840 Suze: I don't know what Fitz would say, but I'm sure 141 00:09:14,840 --> 00:09:17,799 Suze: he would answer it identical to what I'm gonna say. 142 00:09:18,080 --> 00:09:21,840 Suze: The answer would be, say, no, you are not. 143 00:09:22,820 --> 00:09:27,339 Suze: Because markets have always moved through periods like this, the 144 00:09:27,340 --> 00:09:33,260 Suze: key to investing is not avoiding uncertainty. The key is 145 00:09:33,260 --> 00:09:38,539 Suze: understanding which each company benefits from, right? So instead of 146 00:09:38,539 --> 00:09:41,780 Suze: asking yourself, should I be afraid about this, I want 147 00:09:41,780 --> 00:09:46,719 Suze: you to think about this when interest rates rise, banks benefit, right? 148 00:09:47,400 --> 00:09:53,039 Suze: When technology advances, tech companies benefit, right? And when oil 149 00:09:53,039 --> 00:09:59,919 Suze: prices rise, energy producers benefit. So you just have to 150 00:09:59,919 --> 00:10:04,359 Suze: understand where are we, what companies can benefit, and do 151 00:10:04,359 --> 00:10:08,799 Suze: you want those companies in your portfolio or those ETFs 152 00:10:08,799 --> 00:10:12,079 Suze: in your portfolio, or do you not? Now, put a 153 00:10:12,080 --> 00:10:13,400 Suze: pin in that for a second. 154 00:10:13,890 --> 00:10:17,020 Suze: 'Cause if you are insecure, if it is scaring you, 155 00:10:17,130 --> 00:10:19,359 Suze: remember the goal of money is for you to be secure, 156 00:10:19,530 --> 00:10:23,770 Suze: then OK, you don't have to invest. But if you're 157 00:10:23,770 --> 00:10:27,030 Suze: just getting out because of this war that we're going 158 00:10:27,030 --> 00:10:30,489 Suze: through right now, I think you'll be making one of 159 00:10:30,489 --> 00:10:34,770 Suze: the biggest mistakes out there, especially if you listen to 160 00:10:34,770 --> 00:10:38,869 Suze: last Sunday's podcast where Fitzy really did explain 161 00:10:39,840 --> 00:10:43,799 Suze: what happens after every war we have had. 162 00:10:44,859 --> 00:10:48,789 Suze: But I do wanna go back to Keith Fitz-Gerald, again, 163 00:10:48,869 --> 00:10:53,140 Suze: I call him Fitzy, his number one energy stock pick, 164 00:10:53,429 --> 00:10:57,450 Suze: cause when he says he has a number one pick, 165 00:10:57,669 --> 00:10:59,909 Suze: we need to listen to him. 166 00:11:00,729 --> 00:11:06,210 Suze: So, I did my own research. Chevron is a 147 167 00:11:06,210 --> 00:11:14,609 Suze: year old energy giant that is worth $379 billion. This 168 00:11:14,609 --> 00:11:18,809 Suze: is not some speculative oil company. This is one of 169 00:11:18,809 --> 00:11:22,030 Suze: the largest energy companies in the world. 170 00:11:22,989 --> 00:11:28,949 Suze: And through everything, Chevron has continued to do one thing 171 00:11:28,950 --> 00:11:33,030 Suze: that I think is very important to all of you 172 00:11:33,030 --> 00:11:37,010 Suze: when it comes to investing in a company like this. 173 00:11:37,830 --> 00:11:43,190 Suze: Chevron has raised its dividend for 39 consecutive years, which 174 00:11:43,190 --> 00:11:44,949 Suze: is why I don't have a problem 175 00:11:45,479 --> 00:11:48,859 Suze: with you investing in it on a dollar cost averaging basis, 176 00:11:49,320 --> 00:11:53,359 Suze: especially if a dividend is important to you, they raised 177 00:11:53,359 --> 00:11:58,020 Suze: that dividend through recessions every year, through oil crashes. 178 00:11:58,520 --> 00:12:05,119 Suze: Through financial crises, the dividend kept growing. Today, Chevron pays 179 00:12:05,119 --> 00:12:11,559 Suze: roughly about $7.12 per share annually, which is a yield 180 00:12:11,559 --> 00:12:19,699 Suze: of about 3.8%. Now, wait, I just have to say something. 3.8% 181 00:12:20,280 --> 00:12:22,799 Suze: is what many of you are making in a high 182 00:12:22,799 --> 00:12:24,780 Suze: yield money market account 183 00:12:25,590 --> 00:12:30,280 Suze: or a CD or a certificate whatever it may be, 184 00:12:30,640 --> 00:12:34,799 Suze: so that is a great dividend yield and that's at 185 00:12:34,799 --> 00:12:39,919 Suze: this price where it is right now at about $192 186 00:12:39,919 --> 00:12:40,559 Suze: a share. 187 00:12:41,400 --> 00:12:46,630 Suze: Do you know that Chevron CFO that stated that growing 188 00:12:46,630 --> 00:12:53,109 Suze: the dividend remains the company's top financial priority, that is 189 00:12:53,109 --> 00:12:57,218 Suze: something that's important for all of you to understand, because 190 00:12:57,229 --> 00:13:00,669 Suze: if you buy a stock here and then the stock 191 00:13:00,669 --> 00:13:03,510 Suze: starts to go down because the oil price is going 192 00:13:03,510 --> 00:13:06,949 Suze: down and if they don't have everything together they're going 193 00:13:06,950 --> 00:13:09,229 Suze: to lower their dividend. 194 00:13:09,780 --> 00:13:16,440 Suze: So how secure is this dividend? Chevron has structured its business, 195 00:13:16,890 --> 00:13:20,650 Suze: so it can cover its dividend and capital spending with 196 00:13:20,650 --> 00:13:25,650 Suze: oil at around $50 per barrel. So oil could drop 197 00:13:25,650 --> 00:13:28,010 Suze: from $88 where it is now, or $100 and some 198 00:13:28,010 --> 00:13:30,530 Suze: odd dollars where it was, or even if it goes 199 00:13:30,530 --> 00:13:34,348 Suze: to $150 which gives them lots of extra cash flow, 200 00:13:34,729 --> 00:13:39,330 Suze: if oil dropped all the way to $50 a barrel, 201 00:13:39,650 --> 00:13:44,969 Suze: they could still cover easily their dividend. 202 00:13:46,510 --> 00:13:48,919 Suze: Are you thinking about that? You should be thinking about 203 00:13:48,919 --> 00:13:52,000 Suze: that cause I always wanna know, do you have the 204 00:13:52,000 --> 00:13:57,199 Suze: money to pay me? So that's a really large cushion 205 00:13:57,409 --> 00:14:01,319 Suze: cause all they need is $50 in oil and WTI 206 00:14:01,770 --> 00:14:05,919 Suze: to support its dividend. Now, you heard me say a 207 00:14:05,919 --> 00:14:08,599 Suze: few seconds ago, hopefully you heard me say it on 208 00:14:08,599 --> 00:14:10,119 Suze: the podcast last Sunday. 209 00:14:10,739 --> 00:14:15,069 Suze: That you should dollar costs average into Fitzy's picks or 210 00:14:15,070 --> 00:14:18,549 Suze: really any pick if you ask me, because the truth 211 00:14:18,549 --> 00:14:22,510 Suze: is we have no idea what will happen today, next month, 212 00:14:22,669 --> 00:14:27,739 Suze: next year we don't know, especially with the uncertainty around 213 00:14:27,739 --> 00:14:33,570 Suze: Iran nobody knows, not me, not Keith, not Wall Street, nobody. 214 00:14:34,109 --> 00:14:37,770 Suze: So you cannot simply say a stock is at its top. 215 00:14:38,419 --> 00:14:43,750 Suze: Instead you build your position over time and here's the 216 00:14:43,750 --> 00:14:47,989 Suze: beauty of Chevron everybody Chevron is going to pay you 217 00:14:47,989 --> 00:14:49,710 Suze: a dividend to wait. 218 00:14:50,739 --> 00:14:54,020 Suze: You are gonna be earning income while you wait, and 219 00:14:54,020 --> 00:15:00,739 Suze: if tensions continue, if oil rises, guess what? Energy companies 220 00:15:00,739 --> 00:15:05,140 Suze: like Chevron are going to benefit. And again, but what 221 00:15:05,140 --> 00:15:06,539 Suze: if the stock goes down? 222 00:15:07,400 --> 00:15:08,429 Suze: Listen to me... 223 00:15:09,030 --> 00:15:11,549 Suze: If you're holding the stock for a while and your 224 00:15:11,549 --> 00:15:15,349 Suze: dollar cost averaging into it, you should be a wishing 225 00:15:15,349 --> 00:15:19,739 Suze: and praying that it goes down. What aggravates me more 226 00:15:19,739 --> 00:15:22,030 Suze: than anything is when you buy a stock and you 227 00:15:22,030 --> 00:15:24,830 Suze: only want it to go up, especially if your dollar 228 00:15:24,830 --> 00:15:27,789 Suze: cost averaging into it, which you're all supposed to be doing. 229 00:15:28,030 --> 00:15:31,700 Suze: What is wrong with all of you? If it goes down, 230 00:15:31,909 --> 00:15:34,969 Suze: you get to buy more shares. If it goes down 231 00:15:35,030 --> 00:15:36,710 Suze: and it's paying a dividend. 232 00:15:37,380 --> 00:15:40,979 Suze: Then the dividend yield on a lower priced stock means 233 00:15:40,979 --> 00:15:45,580 Suze: your yield is higher. Are you kidding me? So your 234 00:15:45,580 --> 00:15:49,859 Suze: dividend yield goes up. Are you feeling better about it? 235 00:15:49,940 --> 00:15:54,820 Suze: Are you understanding why you do something like this at 236 00:15:54,820 --> 00:15:58,580 Suze: times like this? Now, is it too late? No. Didn't 237 00:15:58,580 --> 00:16:01,659 Suze: you hear Fitz say he would buy it here? 238 00:16:02,440 --> 00:16:06,760 Suze: Because anything can happen, but I understand that a lot 239 00:16:06,760 --> 00:16:10,299 Suze: of you also say, but Suze, oil is out of favor. 240 00:16:10,640 --> 00:16:14,000 Suze: Everything is gonna be electric. Well, why would we be 241 00:16:14,000 --> 00:16:19,239 Suze: buying an energy stock? We gotta get something straight. Oil 242 00:16:19,239 --> 00:16:23,940 Suze: still provides about one third of the world's energy supply. Now, 243 00:16:24,119 --> 00:16:25,539 Suze: I don't have to like oil. 244 00:16:25,989 --> 00:16:28,369 Suze: I don't have to like what it's doing to the world, 245 00:16:28,590 --> 00:16:32,469 Suze: but I do have to be knowledgeable about the role 246 00:16:32,469 --> 00:16:38,530 Suze: that oil energy plays in today's economy. It fuels aviation. 247 00:16:38,590 --> 00:16:42,770 Suze: It fuels global shipping. It fuels trucking and heavy industry. 248 00:16:43,039 --> 00:16:46,830 Suze: Do you know that there are about 100,000 commercial flights 249 00:16:46,830 --> 00:16:51,590 Suze: every single day worldwide, and these planes are not switching 250 00:16:51,590 --> 00:16:53,729 Suze: to batteries anytime soon. 251 00:16:54,530 --> 00:16:58,659 Suze: About 90% of global trade, I hope I have that right, 252 00:16:58,960 --> 00:17:04,619 Suze: moves by ships powered largely by what? By petroleum fuels. 253 00:17:05,119 --> 00:17:10,180 Suze: So oil is also used, everybody, in plastics, in fertilizers, 254 00:17:10,560 --> 00:17:15,280 Suze: in medical supplies, in clothing, in electronics, and I'm sure 255 00:17:15,280 --> 00:17:17,619 Suze: there's more that I just can't think of right now. 256 00:17:18,109 --> 00:17:26,390 Suze: So even renewable infrastructure requires petroleum products. The transition to 257 00:17:26,390 --> 00:17:31,109 Suze: cleaner energy will take decades, which means, can you just 258 00:17:31,109 --> 00:17:36,949 Suze: stop thinking oil is going away anytime soon? Companies producing 259 00:17:36,949 --> 00:17:41,390 Suze: oil remain essential whether you like it or not. 260 00:17:42,270 --> 00:17:45,829 Suze: All right, there's one more question that many of you 261 00:17:45,829 --> 00:17:49,349 Suze: have written into me, and you're asking me, Suzie, does 262 00:17:49,349 --> 00:17:54,290 Suze: this mean everyone should run out and buy oil stocks today? 263 00:17:55,010 --> 00:17:58,410 Suze: And the answer to that is no. What it means 264 00:17:58,410 --> 00:18:04,050 Suze: is you should understand how the world works, that energy 265 00:18:04,050 --> 00:18:09,689 Suze: still powers the global economy and companies producing it will 266 00:18:09,689 --> 00:18:10,948 Suze: continue to matter. 267 00:18:11,310 --> 00:18:14,909 Suze: But you have to decide, do you still want it 268 00:18:14,910 --> 00:18:18,510 Suze: part of your portfolio? Do you not? You don't have 269 00:18:18,510 --> 00:18:21,959 Suze: to buy more than 5% of your portfolio in an 270 00:18:21,959 --> 00:18:23,770 Suze: energy stock. You don't have to put all your money 271 00:18:23,770 --> 00:18:26,910 Suze: in it, but if you want some part of your 272 00:18:26,910 --> 00:18:31,829 Suze: money in a dividend paying energy stock that Fitz has 273 00:18:31,829 --> 00:18:33,550 Suze: as his number one pick. 274 00:18:33,890 --> 00:18:37,579 Suze: And all the reasons that I just gave you, you 275 00:18:37,579 --> 00:18:43,958 Suze: might wanna consider Chevron on a dollar cost averaging basis. So, 276 00:18:44,099 --> 00:18:45,659 Suze: I want you to just listen to me. 277 00:18:47,050 --> 00:18:49,709 Suze: The world may feel like it's at war. 278 00:18:50,459 --> 00:18:54,780 Suze: And truthfully it is whether we like it or not. 279 00:18:55,180 --> 00:18:57,869 Suze: The headlines may feel frightening. 280 00:18:58,689 --> 00:19:03,409 Suze: Markets may feel uncertain because they're going up, they're going down, 281 00:19:03,650 --> 00:19:07,810 Suze: they're going up, they're going down every day, depending on 282 00:19:07,810 --> 00:19:11,889 Suze: the news cycle, and what happens dictates if the markets 283 00:19:11,890 --> 00:19:16,209 Suze: are going up or down. But this is what I 284 00:19:16,209 --> 00:19:21,859 Suze: want you to remember, Energy still powers the world, OK? 285 00:19:22,479 --> 00:19:27,650 Suze: Planes still fly, ships still sail, economies still run. 286 00:19:28,339 --> 00:19:32,819 Suze: And the companies that produce that energy, the ones that 287 00:19:32,819 --> 00:19:40,639 Suze: have survived decades of turmoil like Chevron and still reward shareholders, 288 00:19:40,900 --> 00:19:46,920 Suze: often become stronger during times like this. When you understand 289 00:19:47,180 --> 00:19:51,839 Suze: how money really works, you stop reacting to the headlines. 290 00:19:52,060 --> 00:19:56,439 Suze: Then you have what it takes to start investing. 291 00:19:56,780 --> 00:20:01,859 Suze: The correct way, dollar cost averaging, having at least five 292 00:20:01,859 --> 00:20:04,000 Suze: or 10 years till you need this money. 293 00:20:05,060 --> 00:20:08,189 Suze: If you're worried about down markets, you always want a 294 00:20:08,189 --> 00:20:10,810 Suze: stock that has a dividend, so it pays you to wait. 295 00:20:11,979 --> 00:20:17,099 Suze: And you go for it only when you feel secure 296 00:20:17,099 --> 00:20:21,170 Suze: and you know the moves to make. All right, everybody, 297 00:20:21,500 --> 00:20:26,060 Suze: now until Thursday when Miss Travis joins us again with 298 00:20:26,060 --> 00:20:29,540 Suze: Ask KT and Suze Anything, there's only one thing I 299 00:20:29,540 --> 00:20:31,760 Suze: really want you to remember, and it's this: 300 00:20:32,439 --> 00:20:37,969 Suze: People first, then money, then things and stop listening to 301 00:20:37,969 --> 00:20:42,260 Suze: armchair pundits. Now you stay safe.