1 00:00:32,100 --> 00:00:39,400 Suze: November 13th 2022 Welcome everybody to the Suze School edition 2 00:00:39,409 --> 00:00:42,780 Suze: of the Women and Money podcast, and everybody smart enough 3 00:00:42,780 --> 00:00:47,990 Suze: to listen. In this podcast it is essential that you 4 00:00:47,990 --> 00:00:51,360 Suze: take out paper pen or pencil 5 00:00:51,950 --> 00:00:55,170 Suze: because I want to work with you with specific numbers, 6 00:00:55,170 --> 00:00:57,670 Suze: not just for you to take notes in your Suzy 7 00:00:57,680 --> 00:01:00,560 Suze: little notebook which I still want you to do and 8 00:01:00,560 --> 00:01:03,940 Suze: you can do this in your notebook. But I want 9 00:01:03,940 --> 00:01:07,890 Suze: to show you just a few things today and I 10 00:01:07,890 --> 00:01:10,310 Suze: want to go through the numbers with you 11 00:01:10,790 --> 00:01:15,429 Suze: and today we are going to cover Treasuries, not just 12 00:01:15,440 --> 00:01:17,880 Suze: how to buy them, how to sell them. Know what 13 00:01:17,880 --> 00:01:21,950 Suze: Treasuries are telling us and how at this particular point 14 00:01:21,950 --> 00:01:25,030 Suze: in time I don't really want you to be buying 15 00:01:25,040 --> 00:01:29,150 Suze: Treasuries like I did before. Just put a note in 16 00:01:29,150 --> 00:01:31,709 Suze: that or a pin in that and we will get 17 00:01:31,720 --> 00:01:35,660 Suze: back to that. But we're gonna talk about Treasuries the 18 00:01:35,660 --> 00:01:40,220 Suze: stock market, the dollar inflation 19 00:01:40,420 --> 00:01:47,100 Suze: interest rates, Bitcoin, F. T. X., the student loan forgiveness 20 00:01:47,100 --> 00:01:50,010 Suze: program which is absolutely in trouble. I just can't even 21 00:01:50,010 --> 00:01:52,690 Suze: begin to believe it. But all right and we're gonna 22 00:01:52,690 --> 00:01:56,310 Suze: talk about those things. But what I really want you 23 00:01:56,310 --> 00:01:57,880 Suze: all to understand 24 00:01:58,470 --> 00:02:05,760 Suze: is that interest rates, inflation and the dollar 25 00:02:06,510 --> 00:02:12,510 Suze: are three key things really that will affect every single 26 00:02:12,510 --> 00:02:17,419 Suze: one of us economically speaking. So we will go over 27 00:02:17,419 --> 00:02:20,290 Suze: those three things really in detail. 28 00:02:21,180 --> 00:02:26,050 Suze: Last week, I have to say that the fact that 29 00:02:26,060 --> 00:02:32,440 Suze: the market went up 1200 points in one day simply 30 00:02:32,440 --> 00:02:39,230 Suze: because the inflation rate was not as high as everybody 31 00:02:39,230 --> 00:02:40,800 Suze: was expecting. 32 00:02:41,500 --> 00:02:44,320 Suze: It was only off by like 2/10 of a percent. Okay, 33 00:02:44,320 --> 00:02:51,120 Suze: everybody that the market went up 1200 points that day. 34 00:02:51,710 --> 00:02:58,000 Suze: The NASDAQ which is mainly technology absolutely skyrocketed along with 35 00:02:58,000 --> 00:03:00,560 Suze: the Standard and Poor's 500 index. 36 00:03:02,020 --> 00:03:04,440 Suze: I just find that so ridiculous. I don't even know 37 00:03:04,440 --> 00:03:05,550 Suze: what to say about it 38 00:03:06,210 --> 00:03:09,550 Suze: And I find it ridiculous for a few reasons. But 39 00:03:09,550 --> 00:03:17,550 Suze: number one, we are still at a 7.7% inflation rate. 40 00:03:18,180 --> 00:03:21,769 Suze: I don't know, call me crazy. But do you really 41 00:03:21,770 --> 00:03:24,639 Suze: think that that is a low inflation rate 42 00:03:25,300 --> 00:03:30,380 Suze: that it really adjusted so much? I don't think so. 43 00:03:31,310 --> 00:03:35,770 Suze: And I also think that we haven't really looked at 44 00:03:35,770 --> 00:03:40,490 Suze: what's going to happen with energy come winter and certain 45 00:03:40,500 --> 00:03:41,960 Suze: other things. 46 00:03:42,640 --> 00:03:46,990 Suze: Yes, I get that it went up incredibly last week. 47 00:03:47,570 --> 00:03:51,850 Suze: But I don't want you to be fooled into thinking 48 00:03:52,020 --> 00:03:55,420 Suze: this is the end, it's going straight up from here. 49 00:03:55,430 --> 00:03:58,610 Suze: I need to get back into the stock market with 50 00:03:58,620 --> 00:04:05,480 Suze: everything I have in fact on that day I actually 51 00:04:05,490 --> 00:04:11,360 Suze: sold even more stock. Uh huh. I took advantage of 52 00:04:11,370 --> 00:04:15,250 Suze: certain stocks that I wanted to sell. 53 00:04:15,790 --> 00:04:18,810 Suze: Remember I talked about a week or two ago 54 00:04:19,630 --> 00:04:24,190 Suze: tax loss harvesting so that I want to make sure 55 00:04:24,190 --> 00:04:27,299 Suze: that I sell my winners against my losers and at 56 00:04:27,300 --> 00:04:31,250 Suze: the end of the year I'm even with taxes that way. 57 00:04:32,130 --> 00:04:35,560 Suze: So I took advantage of some stocks that went up 58 00:04:35,560 --> 00:04:40,440 Suze: considerably that day and I sold them. 59 00:04:41,089 --> 00:04:45,240 Suze: What also happened on that day which I found very 60 00:04:45,250 --> 00:04:50,450 Suze: interesting was two things. All right, get out here paper 61 00:04:50,450 --> 00:04:51,640 Suze: and pencil. 62 00:04:53,089 --> 00:04:54,710 Suze: Those two things 63 00:04:55,420 --> 00:04:58,720 Suze: were the volume of the stock market 64 00:04:59,570 --> 00:05:05,710 Suze: and an index called the Vix symbol is V. I. X. 65 00:05:05,720 --> 00:05:08,520 Suze: And you can go in and wherever you put in 66 00:05:08,520 --> 00:05:12,250 Suze: your quotes to look up stocks you can put in V. I. X. 67 00:05:12,260 --> 00:05:15,960 Suze: And up will come a number when you do that 68 00:05:15,960 --> 00:05:22,849 Suze: right now. The number will be 22.52. So 22 and a 69 00:05:22,850 --> 00:05:24,220 Suze: half essentially. 70 00:05:25,510 --> 00:05:27,849 Suze: Alright, let's start with that number. 71 00:05:28,589 --> 00:05:36,440 Suze: That number represents the Chicago board option exchange volatility index. 72 00:05:36,529 --> 00:05:40,580 Suze: It is an index that measures volatility. 73 00:05:41,390 --> 00:05:47,490 Suze: Everybody calls it the fear gauge because volatility comes when 74 00:05:47,490 --> 00:05:54,330 Suze: emotionally speaking you are afraid or you feel secure in 75 00:05:54,339 --> 00:05:55,380 Suze: the markets 76 00:05:56,240 --> 00:06:02,700 Suze: now we call this index a counter index because supposedly 77 00:06:02,779 --> 00:06:05,110 Suze: the lower it goes, 78 00:06:05,630 --> 00:06:09,930 Suze: The more confident you feel, the less fear you have, 79 00:06:09,940 --> 00:06:15,010 Suze: the higher it goes, the more fear you have, the 80 00:06:15,010 --> 00:06:19,240 Suze: less confident you feel all year. This index has been 81 00:06:19,240 --> 00:06:25,299 Suze: going between 20 and 35, 20 means you don't have 82 00:06:25,300 --> 00:06:26,230 Suze: a lot of fear. 83 00:06:26,800 --> 00:06:30,669 Suze: 35 and in the 40s oh you are scared to death. 84 00:06:31,150 --> 00:06:37,050 Suze: It's at those times when the index is around 20 85 00:06:37,050 --> 00:06:42,340 Suze: or 22 right in there that normally it's an indicator 86 00:06:42,520 --> 00:06:45,860 Suze: that the market will turn around and start to go 87 00:06:45,860 --> 00:06:47,190 Suze: back down. 88 00:06:48,330 --> 00:06:51,490 Suze: Remember I told you it was a counter index when 89 00:06:51,490 --> 00:06:54,360 Suze: you are not afraid is the time that you should 90 00:06:54,360 --> 00:06:58,070 Suze: be afraid at the time that you're feeling confident is 91 00:06:58,070 --> 00:07:03,380 Suze: the time that you should be more cautious. Okay, so 92 00:07:03,520 --> 00:07:08,840 Suze: first of all, the VIX is at 22.52 that gets 93 00:07:08,870 --> 00:07:13,580 Suze: my attention. The other thing for a market to be 94 00:07:13,590 --> 00:07:17,600 Suze: a strong stock market has to be that it goes 95 00:07:17,610 --> 00:07:18,230 Suze: up 96 00:07:18,420 --> 00:07:23,300 Suze: on volume. There are a lot of shares traded, A 97 00:07:23,300 --> 00:07:27,860 Suze: lot of people are in it. It's got mass participation 98 00:07:27,900 --> 00:07:31,720 Suze: last week when the market went up all that way. 99 00:07:31,730 --> 00:07:35,530 Suze: It was on very low volume. So I have low 100 00:07:35,530 --> 00:07:40,750 Suze: volume with a low Vix which says to me this 101 00:07:40,760 --> 00:07:43,410 Suze: isn't gonna last a whole lot longer 102 00:07:43,840 --> 00:07:47,700 Suze: Now. I've said to you that it wouldn't surprise me 103 00:07:47,710 --> 00:07:51,020 Suze: if the stock market went up. I told you that 104 00:07:51,020 --> 00:07:53,700 Suze: I think three weeks ago it went up the next 105 00:07:53,700 --> 00:07:56,100 Suze: week and the next week and here we are. It 106 00:07:56,110 --> 00:07:59,620 Suze: also will not surprise me if the stock market goes 107 00:07:59,620 --> 00:08:02,490 Suze: up again next week. 108 00:08:03,450 --> 00:08:06,760 Suze: You know, the Standard and Poor's 500 index could very 109 00:08:06,770 --> 00:08:09,980 Suze: easily go up another 2.5, 3%. 110 00:08:10,680 --> 00:08:13,950 Suze: But I do not believe this is a market that 111 00:08:13,960 --> 00:08:16,280 Suze: is going straight up. 112 00:08:16,820 --> 00:08:20,950 Suze: I think we are in what is called a bear market, 113 00:08:20,960 --> 00:08:24,440 Suze: a market whose overall trend is still down, 114 00:08:25,010 --> 00:08:29,330 Suze: but we are in a bear market rally right now. 115 00:08:29,950 --> 00:08:34,099 Suze: So that's what I think you on the other hand, 116 00:08:34,110 --> 00:08:37,290 Suze: have to know what you think and how you feel 117 00:08:37,300 --> 00:08:38,320 Suze: about it. 118 00:08:38,920 --> 00:08:41,640 Suze: So all I can do is I can tell you 119 00:08:41,650 --> 00:08:45,660 Suze: things that I've done where I'm at and why I'm 120 00:08:45,660 --> 00:08:48,780 Suze: still skeptical about this market. 121 00:08:49,400 --> 00:08:54,150 Suze: So for those of you, I will reiterate for those 122 00:08:54,150 --> 00:08:59,179 Suze: of you who need your money within a year or so. 123 00:08:59,300 --> 00:09:03,540 Suze: This is not money that belongs in the stock market. 124 00:09:03,690 --> 00:09:06,630 Suze: So if you have to take out a lump sum 125 00:09:06,640 --> 00:09:10,560 Suze: of cash to do what to pay for a college 126 00:09:10,559 --> 00:09:12,770 Suze: education to do things like that, 127 00:09:13,320 --> 00:09:16,309 Suze: that's money that has never belonged in the stock market 128 00:09:16,309 --> 00:09:21,410 Suze: and it doesn't belong in there right now. Okay, so 129 00:09:21,550 --> 00:09:25,750 Suze: that's for short term, long term, I still don't have 130 00:09:25,750 --> 00:09:28,860 Suze: a problem for you to dollar cost average. I just 131 00:09:28,860 --> 00:09:31,520 Suze: think you should do it maybe on a slower level 132 00:09:31,580 --> 00:09:35,040 Suze: rather than every month, every other month or every third month. 133 00:09:35,440 --> 00:09:40,190 Suze: I still totally believe in stocks that are giving you 134 00:09:40,190 --> 00:09:45,849 Suze: a high dividend are a good dividend yield stocks that 135 00:09:45,850 --> 00:09:50,199 Suze: are offering you value that they produce things that they're 136 00:09:50,200 --> 00:09:54,550 Suze: making money, they're solid. That doesn't mean that you can't 137 00:09:54,550 --> 00:09:59,929 Suze: mix in certain stocks that are technology oriented or you know, 138 00:09:59,929 --> 00:10:04,420 Suze: things like amazon or Microsoft possibly now, even 139 00:10:04,620 --> 00:10:07,319 Suze: meta. You know what's so funny, just let's put a 140 00:10:07,320 --> 00:10:09,240 Suze: pin in where I was right now, let's hope, I 141 00:10:09,240 --> 00:10:12,860 Suze: can remember remember a little week ago, KT said, I 142 00:10:12,860 --> 00:10:14,840 Suze: like Meta. I would buy Meta 143 00:10:15,470 --> 00:10:17,579 Suze: And I said, and Meta is the new name for 144 00:10:17,580 --> 00:10:21,540 Suze: Facebook and I said I won't touch Meta with a 145 00:10:21,540 --> 00:10:22,990 Suze: 10-foot pole. 146 00:10:23,600 --> 00:10:28,070 Suze: And that was because at that particular moment in time 147 00:10:28,840 --> 00:10:33,920 Suze: Mark Zuckerberg was investing $10 billion dollars in the Metaverse, 148 00:10:33,929 --> 00:10:38,120 Suze: which I still don't understand on any level. And when 149 00:10:38,130 --> 00:10:41,390 Suze: I don't understand something, I don't like to invest in it. 150 00:10:42,110 --> 00:10:45,970 Suze: And I watched the stock go down and down and down. 151 00:10:46,130 --> 00:10:50,170 Suze: He wasn't laying off anybody. He kept just throwing good 152 00:10:50,170 --> 00:10:53,690 Suze: money after bad and I didn't like that. 153 00:10:54,210 --> 00:10:56,670 Suze: Now I don't know what got into Mark, 154 00:10:57,300 --> 00:11:00,390 Suze: but all of a sudden in my opinion, he came 155 00:11:00,390 --> 00:11:04,900 Suze: back to reality, he laid off 13,000, I think it 156 00:11:04,900 --> 00:11:10,760 Suze: was 13,000 employees. He's stopping to invest as much money 157 00:11:10,950 --> 00:11:14,439 Suze: if any in the metaverse and now he is going 158 00:11:14,440 --> 00:11:18,970 Suze: back to how he always made money and with that 159 00:11:19,020 --> 00:11:21,380 Suze: the stock went up considerably. 160 00:11:22,220 --> 00:11:26,679 Suze: So if Mark is going back to that and Facebook, 161 00:11:26,679 --> 00:11:29,520 Suze: even though it has a new name is, you know, 162 00:11:29,520 --> 00:11:33,740 Suze: doing what it's doing right now and being logical all right, 163 00:11:33,750 --> 00:11:36,429 Suze: KT proved right, don't I have a saying KT is 164 00:11:36,429 --> 00:11:39,400 Suze: always right? Well again, if we had listened to her 165 00:11:39,400 --> 00:11:41,530 Suze: that day, we would have made some nice money, 166 00:11:41,679 --> 00:11:44,100 Suze: But we're not in this just for the short term, 167 00:11:44,110 --> 00:11:46,750 Suze: we're not in this to see a stock go up 168 00:11:46,760 --> 00:11:49,360 Suze: 10 or 15 points and then sell it and then 169 00:11:49,360 --> 00:11:52,100 Suze: have to pay taxes on it or whatever we're in 170 00:11:52,100 --> 00:11:55,830 Suze: this for the long term to invest in good quality 171 00:11:55,830 --> 00:11:57,700 Suze: stocks that pay us a dividend 172 00:11:58,045 --> 00:12:02,265 Suze: over the long run will even if it goes down 173 00:12:02,275 --> 00:12:04,905 Suze: in the near term in the long run, it will 174 00:12:04,905 --> 00:12:08,555 Suze: return and go up where dollar cost averaging into those 175 00:12:08,554 --> 00:12:12,465 Suze: types of stocks. We are diversified across the board and 176 00:12:12,465 --> 00:12:19,165 Suze: we are fine. All right. That's what I think. So 177 00:12:19,165 --> 00:12:25,075 Suze: that's the stock market. Now, let's talk about the bond market, 178 00:12:26,030 --> 00:12:27,500 Suze: wow. 179 00:12:28,320 --> 00:12:31,910 Suze: Remember also how I said a little bit ago that 180 00:12:31,910 --> 00:12:34,540 Suze: I didn't want you to buy long term bonds that 181 00:12:34,550 --> 00:12:37,510 Suze: I did at that time, want you to buy Treasuries. 182 00:12:37,520 --> 00:12:40,390 Suze: But do you remember me saying it wouldn't surprise me 183 00:12:40,400 --> 00:12:44,710 Suze: if we saw Treasuries, especially the 10 year go down 184 00:12:44,720 --> 00:12:48,660 Suze: from like 4.5 or wherever it was down to like 3.5, 185 00:12:48,660 --> 00:12:53,750 Suze: possibly 3.15%. So just know that that could happen. Well, 186 00:12:53,750 --> 00:12:57,150 Suze: guess what? In one day 187 00:12:57,950 --> 00:13:04,740 Suze: we saw a serious decline in the Treasury market, we 188 00:13:04,740 --> 00:13:10,430 Suze: saw the 10 year Treasury go to 3.8% 189 00:13:11,920 --> 00:13:16,840 Suze: from in the force. That's the largest decrease that any 190 00:13:16,840 --> 00:13:22,310 Suze: of us have seen in a long, long time. Okay, 191 00:13:22,320 --> 00:13:25,660 Suze: I'm not exactly sure why that happened. A lot of 192 00:13:25,660 --> 00:13:30,209 Suze: people say it happened because the dollar. Remember we've also 193 00:13:30,210 --> 00:13:34,580 Suze: talked about how strong the dollar was, how weak the 194 00:13:34,580 --> 00:13:38,550 Suze: euro was and that you could very easily go to 195 00:13:38,550 --> 00:13:41,470 Suze: europe and have a fabulous time. 196 00:13:42,059 --> 00:13:46,580 Suze: But for some reason, this strong dollar that we have 197 00:13:46,580 --> 00:13:51,959 Suze: experienced for a long time right now has been declining. 198 00:13:52,290 --> 00:13:58,380 Suze: It is getting weaker when the dollar gets weaker. The 199 00:13:58,380 --> 00:14:03,500 Suze: stock market goes up because a strong dollar without giving 200 00:14:03,500 --> 00:14:05,910 Suze: an entire economics lesson here. 201 00:14:06,280 --> 00:14:10,500 Suze: A strong dollar is not good for many of the 202 00:14:10,500 --> 00:14:14,250 Suze: stocks or the companies on the stock exchange because it 203 00:14:14,250 --> 00:14:18,120 Suze: costs them more money to do business overseas. And now 204 00:14:18,120 --> 00:14:24,460 Suze: that we're a global economy, a strong dollar hurts corporate profits. 205 00:14:24,480 --> 00:14:26,250 Suze: Just that simple, 206 00:14:26,950 --> 00:14:31,470 Suze: the dollar is starting to get weaker, which also did 207 00:14:31,470 --> 00:14:36,120 Suze: what helped the stock market go up and very possibly 208 00:14:36,160 --> 00:14:41,770 Suze: could be some of the reason why Treasuries went down 209 00:14:41,790 --> 00:14:47,520 Suze: in interest rates. Okay, just who knows now, even though 210 00:14:47,520 --> 00:14:50,200 Suze: the dollar is weaker here 211 00:14:50,940 --> 00:14:55,050 Suze: and coming down, I do think that the dollar will 212 00:14:55,050 --> 00:15:00,080 Suze: turn around and start to get stronger again. Got that, 213 00:15:00,080 --> 00:15:04,530 Suze: everybody and again, just for a brief synopsis, their dollar 214 00:15:04,530 --> 00:15:12,170 Suze: gets stronger. Stock market goes down. Interest rates go up, 215 00:15:12,180 --> 00:15:16,800 Suze: inflation may stay here. So do you see where we're going? 216 00:15:17,600 --> 00:15:22,480 Suze: But here's what I want you to know about interest 217 00:15:22,480 --> 00:15:26,590 Suze: rates again, paper and pencil or pen 218 00:15:28,220 --> 00:15:28,910 Suze: today. 219 00:15:29,840 --> 00:15:37,310 Suze: Right. These figures down the one year treasury is at 4.6%, 220 00:15:38,260 --> 00:15:43,720 Suze: The two year treasury is at 4.3%, 221 00:15:44,460 --> 00:15:53,000 Suze: The three year Treasury is 4.178%. The five year Treasury 222 00:15:53,010 --> 00:16:03,120 Suze: is 3.936%. The seven year Treasury is 3.876%. And the 223 00:16:03,120 --> 00:16:08,240 Suze: 10 year Treasury is 3.811%. 224 00:16:09,410 --> 00:16:13,370 Suze: The one year, two year, three year five year seven year, 225 00:16:13,370 --> 00:16:17,239 Suze: 10 year. When you buy a Treasury that has those 226 00:16:17,240 --> 00:16:22,050 Suze: years attached to it, Your interest rate is fixed for 227 00:16:22,060 --> 00:16:27,810 Suze: all 10 years, seven years, five years, three years, two 228 00:16:27,810 --> 00:16:31,770 Suze: years or one year. So if you bought a Treasury 229 00:16:31,770 --> 00:16:32,750 Suze: today 230 00:16:33,080 --> 00:16:38,390 Suze: at those interest rates depending on the maturity is at 231 00:16:38,390 --> 00:16:42,860 Suze: a 1,2,3,5,7 or 10 year. That is how long that 232 00:16:42,870 --> 00:16:45,650 Suze: rate would be locked in there for 233 00:16:46,250 --> 00:16:51,780 Suze: again. Treasuries give you interest every six months. They pay 234 00:16:51,780 --> 00:16:56,340 Suze: you interest every six months. Okay look at your little 235 00:16:56,340 --> 00:16:59,330 Suze: piece of paper in front of you. What do you 236 00:16:59,330 --> 00:17:04,370 Suze: notice about those interest rates that I just gave you, 237 00:17:05,250 --> 00:17:09,340 Suze: take a look at them? What do you notice about them? 238 00:17:10,869 --> 00:17:13,750 Suze: The answer to that question actually, that was your little 239 00:17:13,760 --> 00:17:17,770 Suze: little quizzie. That was your quizzie. Everybody did you get 240 00:17:17,780 --> 00:17:19,720 Suze: an (Wrong answer sound) or Ding Ding Ding Ding. Anyway, 241 00:17:21,030 --> 00:17:24,320 Suze: what I want you to notice is that how the 242 00:17:24,320 --> 00:17:26,790 Suze: shorter term maturities 243 00:17:27,880 --> 00:17:33,310 Suze: are paying you more than the longer term maturity? 244 00:17:34,040 --> 00:17:37,730 Suze: A one year will pay you 4.6 245 00:17:38,350 --> 00:17:44,190 Suze: While a 10 year will only pay you 3.811%. 246 00:17:45,000 --> 00:17:48,219 Suze: Now, the reason that that is important for you to 247 00:17:48,220 --> 00:17:54,010 Suze: look at is this is what is called, write it down, an inverted 248 00:17:54,210 --> 00:17:56,910 Suze: rate yield curve. 249 00:17:57,940 --> 00:18:05,260 Suze: The yields the rates are inverted because logically speaking, a 250 00:18:05,260 --> 00:18:11,400 Suze: healthy yield curve is that you are paid more to 251 00:18:11,400 --> 00:18:14,770 Suze: lock up your money for a longer period of time. 252 00:18:15,060 --> 00:18:19,740 Suze: So what it should be is that the longer maturity, 253 00:18:19,750 --> 00:18:23,180 Suze: the 10 year should be more than the seven year. 254 00:18:23,190 --> 00:18:25,990 Suze: The seven years should be more than the five year. 255 00:18:26,000 --> 00:18:28,649 Suze: The five years should be more than the three year. 256 00:18:28,660 --> 00:18:30,950 Suze: The three years should be more than the two year 257 00:18:30,960 --> 00:18:33,560 Suze: and the two years should be more than the one year. 258 00:18:34,270 --> 00:18:38,419 Suze: That is a normal yield rate curve, 259 00:18:39,010 --> 00:18:43,420 Suze: you are being paid more to lock up your money 260 00:18:43,430 --> 00:18:48,730 Suze: for longer because there's more risk in doing so whenever 261 00:18:48,760 --> 00:18:53,679 Suze: you have an inverted rate curve, like we have now 262 00:18:54,500 --> 00:18:59,670 Suze: Dating back to 1955, everybody, 263 00:19:00,830 --> 00:19:07,450 Suze: every single time we have had an inverted rate curve, 264 00:19:08,070 --> 00:19:10,800 Suze: it has preceded a recession. 265 00:19:11,420 --> 00:19:15,040 Suze: Now, maybe it preceded a recession by a few months, 266 00:19:15,310 --> 00:19:18,890 Suze: maybe by a year, maybe by two years, but it 267 00:19:18,890 --> 00:19:21,590 Suze: preceded a recession 268 00:19:22,710 --> 00:19:25,480 Suze: and that is a warning sign 269 00:19:26,359 --> 00:19:30,650 Suze: and it's a warning sign along with the vix along 270 00:19:30,650 --> 00:19:34,370 Suze: with other things that I want you to pay attention 271 00:19:34,510 --> 00:19:35,060 Suze: to 272 00:19:35,710 --> 00:19:40,090 Suze: because when we go into recession, it will and I 273 00:19:40,090 --> 00:19:43,790 Suze: still think according to these numbers, we will go into 274 00:19:43,790 --> 00:19:49,189 Suze: recession possibly next year. Sometime when we go into a recession, 275 00:19:49,420 --> 00:19:53,370 Suze: it will affect every single one of us differently. You know, 276 00:19:53,369 --> 00:19:57,550 Suze: we used to be this truly united global front where 277 00:19:57,550 --> 00:20:03,159 Suze: a recession affected all of us the same. It doesn't anymore. 278 00:20:03,540 --> 00:20:09,450 Suze: There's such a discrepancy truthfully in economic households, with the 279 00:20:09,450 --> 00:20:13,370 Suze: amount of wealth in some households versus the lack of 280 00:20:13,369 --> 00:20:15,470 Suze: wealth in other households, 281 00:20:16,040 --> 00:20:20,300 Suze: it now affects us all very, very differently. 282 00:20:21,160 --> 00:20:26,660 Suze: But for the majority of Americans, it affects them in 283 00:20:26,670 --> 00:20:30,270 Suze: really a way where they have to be protective of 284 00:20:30,280 --> 00:20:31,410 Suze: their money. 285 00:20:31,930 --> 00:20:35,020 Suze: They have to care about what things cost. They have 286 00:20:35,020 --> 00:20:38,070 Suze: to make sure they have their 8 to 12 month 287 00:20:38,080 --> 00:20:43,130 Suze: emergency fund Because when this starts to happen, this is 288 00:20:43,130 --> 00:20:47,970 Suze: when jobs start to go away now, I do not 289 00:20:47,980 --> 00:20:52,960 Suze: care that we have a low unemployment rate. When I 290 00:20:52,960 --> 00:20:58,520 Suze: start to see meta lay off 13,000 people when I 291 00:20:58,520 --> 00:20:59,740 Suze: see twitter 292 00:21:01,010 --> 00:21:03,700 Suze: and that's a whole nother conversation that I will not 293 00:21:03,700 --> 00:21:05,920 Suze: make any comments on by the way 294 00:21:06,470 --> 00:21:09,310 Suze: because I don't even know what to say about it. Right? 295 00:21:09,320 --> 00:21:14,000 Suze: Lay off half of their workforce. When you can see 296 00:21:14,010 --> 00:21:19,470 Suze: that most likely people were waiting to make dramatic reductions 297 00:21:19,470 --> 00:21:23,480 Suze: in things meaning their workforce the way they run their 298 00:21:23,480 --> 00:21:26,570 Suze: business until after the election. For some reason, 299 00:21:27,760 --> 00:21:31,720 Suze: I think you just have to be careful now. Suze 300 00:21:31,730 --> 00:21:36,070 Suze: Orman is not a doom and gloomer. I am not, 301 00:21:36,609 --> 00:21:40,390 Suze: right. I am a realist and I see my job 302 00:21:40,400 --> 00:21:42,790 Suze: as being your protector, believe it or not. 303 00:21:43,600 --> 00:21:46,630 Suze: And I just want to put it out there and 304 00:21:46,630 --> 00:21:50,330 Suze: again to educate you. But for you to make your 305 00:21:50,340 --> 00:21:53,649 Suze: own decisions Now back to Treasuries for a second. 306 00:21:54,230 --> 00:21:57,690 Suze: I have been such an advocate. Have I not in 307 00:21:57,690 --> 00:22:02,200 Suze: this series? I bonds buy Treasuries. Do a Treasury ladder. 308 00:22:02,369 --> 00:22:06,359 Suze: Here's what I think is going to happen with. Treasuries. 309 00:22:06,740 --> 00:22:10,909 Suze: I think you will see the 10 year that's now 310 00:22:10,910 --> 00:22:18,660 Suze: at 3.8% very easily go down to 3.5, maybe even 311 00:22:18,660 --> 00:22:23,250 Suze: 3.253 point 15. I think it will continue to go 312 00:22:23,250 --> 00:22:23,859 Suze: down 313 00:22:24,090 --> 00:22:26,389 Suze: now. I want you to remember what I said just 314 00:22:26,390 --> 00:22:32,330 Suze: there because that absolutely will affect mortgage rates. Mortgage rates 315 00:22:32,340 --> 00:22:36,850 Suze: are not determined on what the Fed funds do. They 316 00:22:36,850 --> 00:22:41,340 Suze: are determined solely on what the yield of the 10 317 00:22:41,350 --> 00:22:44,150 Suze: year Treasury happens to be. 318 00:22:45,180 --> 00:22:47,630 Suze: So, let me just put a pin in that for 319 00:22:47,630 --> 00:22:52,740 Suze: a second. You will notice that now that Treasuries the 320 00:22:52,740 --> 00:22:58,449 Suze: 10 year Treasury is down at 3.8%. Approximately 30 year 321 00:22:58,450 --> 00:23:03,200 Suze: mortgages have dropped to almost 6.6% 322 00:23:03,450 --> 00:23:10,109 Suze: from in the sevens. So, mortgage rates follow Treasuries, this 323 00:23:10,109 --> 00:23:14,369 Suze: is a very important lesson that I'm giving you right now. 324 00:23:14,380 --> 00:23:18,570 Suze: They follow the 10 year Treasury to be specific. 325 00:23:19,109 --> 00:23:24,780 Suze: If the 10 year Treasury, in my opinion, most likely 326 00:23:24,790 --> 00:23:30,060 Suze: will go down to 3.5 to 3 and a quarter percent, 327 00:23:30,650 --> 00:23:34,850 Suze: That means mortgage rates will also go lower than they 328 00:23:34,859 --> 00:23:36,889 Suze: are right now. 329 00:23:37,460 --> 00:23:41,570 Suze: So if you are thinking about buying a home 330 00:23:42,240 --> 00:23:46,520 Suze: because home prices have started to go down or at 331 00:23:46,520 --> 00:23:50,580 Suze: least stabilize in many areas. And I talked about that 332 00:23:50,580 --> 00:23:56,649 Suze: last week inventory, how it's growing in many areas. But anyway, 333 00:23:56,720 --> 00:23:59,820 Suze: if you're thinking about buying a home and you need 334 00:23:59,820 --> 00:24:01,399 Suze: to finance it, 335 00:24:02,359 --> 00:24:06,530 Suze: which is all of America most likely then in the 336 00:24:06,530 --> 00:24:10,750 Suze: next bit of time might be the time that you 337 00:24:10,750 --> 00:24:14,480 Suze: want to do it. Because a one or 1.5% difference 338 00:24:14,490 --> 00:24:18,520 Suze: in mortgage rates is a big deal 339 00:24:19,420 --> 00:24:24,220 Suze: if you are buying Treasuries for the yield, I don't 340 00:24:24,220 --> 00:24:26,670 Suze: have a problem if you put some of your money 341 00:24:26,680 --> 00:24:30,520 Suze: into a one year or a two year. 342 00:24:31,369 --> 00:24:33,960 Suze: But I don't think I would go out a whole 343 00:24:33,960 --> 00:24:39,130 Suze: lot longer right now than two years at these particular 344 00:24:39,130 --> 00:24:41,649 Suze: interest rates. I just have to tell you that. 345 00:24:42,300 --> 00:24:47,460 Suze: I do think that this is a temporary situation. 346 00:24:48,070 --> 00:24:51,619 Suze: I am not thinking that this is the end and 347 00:24:51,619 --> 00:24:54,370 Suze: that interest rates on Treasuries are going to go lower 348 00:24:54,369 --> 00:24:59,100 Suze: and lower. I personally think that sometime next year 349 00:25:00,570 --> 00:25:04,140 Suze: that it is very possible that you could see a 350 00:25:04,150 --> 00:25:09,869 Suze: 10 year Treasury at about five or 5.5%. 351 00:25:10,390 --> 00:25:14,450 Suze: Now, if that happens, I also want you to think 352 00:25:14,460 --> 00:25:17,820 Suze: what happens to the mortgage interest rates that will be 353 00:25:17,820 --> 00:25:23,859 Suze: out there and therefore what will happen to real estate prices. Now, 354 00:25:23,869 --> 00:25:27,720 Suze: I don't know if that's going to happen or not. 355 00:25:27,730 --> 00:25:30,990 Suze: So you have to make your own decisions on it. 356 00:25:31,470 --> 00:25:34,480 Suze: I again am just telling you 357 00:25:34,640 --> 00:25:40,340 Suze: what I think and how I'm planning things. So that's 358 00:25:40,340 --> 00:25:43,090 Suze: just something that you might want to know. We might 359 00:25:43,100 --> 00:25:46,300 Suze: want to do a switch here depending on what banks 360 00:25:46,310 --> 00:25:47,060 Suze: do 361 00:25:47,500 --> 00:25:52,040 Suze: with their certificates of deposit. We may find that some 362 00:25:52,050 --> 00:25:55,420 Suze: banks or credit unions, most likely it will be credit 363 00:25:55,420 --> 00:26:00,290 Suze: unions by the way, will be giving higher interest rates 364 00:26:00,290 --> 00:26:05,280 Suze: on certificates a deposit than the Treasury will be giving. 365 00:26:05,640 --> 00:26:07,910 Suze: So we might want to make a little switch there, 366 00:26:07,920 --> 00:26:11,950 Suze: but I'll talk about that when I see that happening. Okay. 367 00:26:11,960 --> 00:26:14,880 Suze: But it's very likely that we may want to do that. 368 00:26:14,890 --> 00:26:19,190 Suze: So don't go gung ho now, if you haven't already 369 00:26:19,190 --> 00:26:22,870 Suze: done it a week to three weeks ago, now is 370 00:26:22,869 --> 00:26:27,270 Suze: not the time to go gung ho on a Treasury ladder. Okay. 371 00:26:27,280 --> 00:26:30,890 Suze: It's just not, it doesn't make sense. 372 00:26:31,220 --> 00:26:34,970 Suze: Now when you are listening to the women and Money podcast, 373 00:26:35,030 --> 00:26:38,580 Suze: it is very important and I've said this before that 374 00:26:38,580 --> 00:26:42,120 Suze: you listen to the date that I am giving the 375 00:26:42,119 --> 00:26:46,730 Suze: podcast and you follow up and you listen the next 376 00:26:46,730 --> 00:26:49,630 Suze: week and the next week and the next week because 377 00:26:49,640 --> 00:26:54,510 Suze: I absolutely, depending on what's happening out there will change 378 00:26:54,510 --> 00:26:56,869 Suze: what I am telling you to do. 379 00:26:57,150 --> 00:27:00,389 Suze: So don't be one of these podcast listeners that listened 380 00:27:00,390 --> 00:27:03,359 Suze: to one podcast that I did two months ago, you 381 00:27:03,359 --> 00:27:06,520 Suze: take action on it and you're doing the wrong thing 382 00:27:06,530 --> 00:27:09,639 Suze: because if you didn't take the action when I said 383 00:27:09,640 --> 00:27:13,110 Suze: to take the action, that doesn't mean today, I still 384 00:27:13,119 --> 00:27:15,740 Suze: want you to take the action. 385 00:27:16,520 --> 00:27:21,219 Suze: So I hope that's clear on that now. I'm already 386 00:27:21,230 --> 00:27:25,149 Suze: at about 30 minutes. So with your permission, although you 387 00:27:25,150 --> 00:27:27,580 Suze: don't have to give me permission, I'm going to go 388 00:27:27,590 --> 00:27:30,710 Suze: a little bit longer today because there's a few things 389 00:27:30,710 --> 00:27:34,699 Suze: that I do also want to get in. So 390 00:27:34,900 --> 00:27:39,000 Suze: inflation, we talked about, we talked about the stock market, 391 00:27:39,010 --> 00:27:44,500 Suze: we talked about Treasuries, we talked about mortgages, real estate, 392 00:27:44,510 --> 00:27:48,020 Suze: all of that. Is there? The next thing I want 393 00:27:48,020 --> 00:27:52,300 Suze: to talk about is Bitcoin and F. T. X. 394 00:27:53,740 --> 00:27:56,130 Suze: All I can do is sigh here. I don't even 395 00:27:56,130 --> 00:27:59,730 Suze: know what to say about it. F. T. X. Which 396 00:27:59,730 --> 00:28:03,600 Suze: you heard me say I liked a lot, which was 397 00:28:03,609 --> 00:28:09,690 Suze: the second largest crypto exchange in the world 398 00:28:10,200 --> 00:28:11,720 Suze: in the world. 399 00:28:12,420 --> 00:28:18,219 Suze: Everybody was backing this. You had venture capital groups that 400 00:28:18,220 --> 00:28:22,170 Suze: we're putting in 200 million at a throw to them. 401 00:28:22,210 --> 00:28:24,340 Suze: You know, they needed to raise money, F. T. X. 402 00:28:24,340 --> 00:28:26,890 Suze: Needed to raise money within a few days. They raised 403 00:28:26,890 --> 00:28:31,610 Suze: 900 million from some of the most brilliant minds out there. 404 00:28:32,410 --> 00:28:37,260 Suze: You had people like tom brady and Stephen curry and 405 00:28:37,270 --> 00:28:43,180 Suze: all these people, being not spokesman for F. T. X. 406 00:28:43,420 --> 00:28:46,180 Suze: But for people who were on the Super Bowl and 407 00:28:46,180 --> 00:28:50,140 Suze: said I trade with them, I'm with them, they all 408 00:28:50,140 --> 00:28:53,320 Suze: had equity involved with them. 409 00:28:54,250 --> 00:28:57,980 Suze: I have to tell you, I can't even begin to 410 00:28:57,980 --> 00:29:05,910 Suze: imagine what happened there for a $36 billion dollar company 411 00:29:06,500 --> 00:29:11,230 Suze: to essentially go bankrupt overnight. I don't get it, 412 00:29:12,120 --> 00:29:16,390 Suze: but here's what I get it had a dramatic effect 413 00:29:16,400 --> 00:29:19,380 Suze: on Bitcoin and Ethereum 414 00:29:19,900 --> 00:29:27,290 Suze: today. Bitcoin is right around $16,827 a Bitcoin. Ethereum is 415 00:29:27,290 --> 00:29:33,520 Suze: at 1254. It had a dramatic hit on cryptocurrencies, 416 00:29:34,150 --> 00:29:38,810 Suze: which is why I've always said do not invest in 417 00:29:38,810 --> 00:29:43,770 Suze: crypto of any kind with money that you cannot afford 418 00:29:43,790 --> 00:29:45,120 Suze: to lose. 419 00:30:48,900 --> 00:30:52,130 Suze: I still think in the long run after they get 420 00:30:52,140 --> 00:30:56,100 Suze: over all of this that they're still viable for the 421 00:30:56,100 --> 00:30:58,020 Suze: future possibly 422 00:30:58,390 --> 00:31:01,020 Suze: but only with money that you can afford to lose. 423 00:31:01,050 --> 00:31:05,530 Suze: Most people now are taking out a wallet. Remember the 424 00:31:05,530 --> 00:31:08,990 Suze: good old days when people if you bought crypto you 425 00:31:08,990 --> 00:31:12,580 Suze: got a wallet, you stored your crypto on your own wallet, 426 00:31:12,660 --> 00:31:17,820 Suze: it wasn't with any institution and you felt secure about 427 00:31:17,820 --> 00:31:19,940 Suze: that as long as you didn't lose your wallet or 428 00:31:19,940 --> 00:31:24,330 Suze: your passcodes, that's what many people are doing right now, 429 00:31:24,360 --> 00:31:26,890 Suze: I have to say one other thing 430 00:31:27,290 --> 00:31:32,710 Suze: and I just want to say shame on certain major 431 00:31:32,710 --> 00:31:39,160 Suze: brokerage firms that were allowing people to put money into 432 00:31:39,160 --> 00:31:46,980 Suze: crypto within their retirement accounts, shame on them. And if 433 00:31:46,980 --> 00:31:51,490 Suze: you have money in crypto in a retirement account, I 434 00:31:51,490 --> 00:31:54,110 Suze: just think that could be one of the biggest mistakes 435 00:31:54,110 --> 00:31:56,120 Suze: you make. Bar none. 436 00:31:56,690 --> 00:32:02,300 Suze: Alright that's crypto and F. T. X. Gold. I have 437 00:32:02,300 --> 00:32:05,610 Suze: liked gold for a while now. I think I first 438 00:32:05,610 --> 00:32:10,740 Suze: talked to you about it in june sometime of this year, 439 00:32:10,740 --> 00:32:14,060 Suze: maybe june the later part of june and I said 440 00:32:14,060 --> 00:32:19,400 Suze: that gold is positioned for a breakout, in my opinion. 441 00:32:19,410 --> 00:32:23,000 Suze: However it didn't break out. In fact it kind of 442 00:32:23,000 --> 00:32:23,850 Suze: went down 443 00:32:24,580 --> 00:32:29,380 Suze: And I said, however, if you buy gold with a 444 00:32:29,380 --> 00:32:35,340 Suze: stock by the name of Barrick whose symbol is G. O. L. D. 445 00:32:35,360 --> 00:32:39,210 Suze: It will pay you to 3% while you're holding it 446 00:32:39,210 --> 00:32:42,450 Suze: to see if gold starts to go up. So we 447 00:32:42,450 --> 00:32:44,140 Suze: don't have a lot to lose. 448 00:32:44,860 --> 00:32:49,800 Suze: Currently Gold G. O. L. D. Right? Which is the 449 00:32:49,800 --> 00:32:56,530 Suze: symbol again of Barrick Gold Corporation as an approximately 16.44 450 00:32:56,530 --> 00:33:03,160 Suze: so $16.5 a share and it's now paying a 3.35% yield. 451 00:33:03,350 --> 00:33:06,960 Suze: I think it is absolutely possible that you could see 452 00:33:06,960 --> 00:33:11,470 Suze: that go from 16 to about $20 a share. Who 453 00:33:11,470 --> 00:33:15,210 Suze: knows after that I would not be doing it just 454 00:33:15,210 --> 00:33:18,800 Suze: because let's see what will happen. But I'm telling those 455 00:33:18,800 --> 00:33:20,840 Suze: of you who already bought it 456 00:33:21,490 --> 00:33:24,790 Suze: And you've been holding it, you haven't known what to 457 00:33:24,790 --> 00:33:27,180 Suze: do with it because I told you to buy it 458 00:33:27,180 --> 00:33:30,950 Suze: at around $17 or $18 a share and now it's 459 00:33:30,950 --> 00:33:33,310 Suze: down at $16.5 a share. 460 00:33:33,640 --> 00:33:38,150 Suze: I do think that it is very possible probable that 461 00:33:38,160 --> 00:33:40,170 Suze: over the long run here you could see it go 462 00:33:40,170 --> 00:33:45,880 Suze: to $20 a share. So if it goes really wrong 463 00:33:45,900 --> 00:33:50,580 Suze: and it goes below like $15.40 a share in there, right? 464 00:33:50,630 --> 00:33:53,030 Suze: We may then have called it totally wrong and then 465 00:33:53,040 --> 00:33:55,630 Suze: you might want to sell, but I just want to 466 00:33:55,630 --> 00:33:57,160 Suze: tell you that 467 00:33:57,690 --> 00:34:00,000 Suze: now some bad news. 468 00:34:00,740 --> 00:34:04,770 Suze: It's funny. Do I think all of this is good news. Right. 469 00:34:04,780 --> 00:34:13,040 Suze: Which is the student loan forgiveness program. Are you kidding me? 470 00:34:13,170 --> 00:34:20,510 Suze: Some judge in Texas absolutely has put the kibosh for 471 00:34:20,510 --> 00:34:24,550 Suze: now on student loan forgiveness. 472 00:34:24,820 --> 00:34:32,190 Suze: Most likely that along with the other six objections, six 473 00:34:32,190 --> 00:34:34,090 Suze: suits against it. 474 00:34:34,860 --> 00:34:39,700 Suze: We'll stop this for now. So student loan forgiveness is 475 00:34:39,700 --> 00:34:45,149 Suze: no longer accepting applications. If student loan forgiveness ever becomes 476 00:34:45,150 --> 00:34:48,870 Suze: a reality, your application for those of you who have 477 00:34:48,870 --> 00:34:51,630 Suze: already been approved, there's like 100,000 of you or so 478 00:34:51,630 --> 00:34:53,250 Suze: that have already been approved. 479 00:34:54,010 --> 00:34:57,530 Suze: You'll just get your money if that happens. But I 480 00:34:57,530 --> 00:35:01,060 Suze: have no doubt that this most likely is now going 481 00:35:01,060 --> 00:35:04,709 Suze: to end up in the Supreme Court 482 00:35:05,390 --> 00:35:10,330 Suze: And who knows what can happen. There just something to 483 00:35:10,330 --> 00:35:14,700 Suze: think about. So, if you have been planning not to 484 00:35:14,700 --> 00:35:19,040 Suze: pay your student loan that if you only owed $10,000, 485 00:35:19,050 --> 00:35:21,870 Suze: you were just going to get it back. And so 486 00:35:21,870 --> 00:35:26,049 Suze: starting January, you didn't have to make that payment anymore. 487 00:35:26,570 --> 00:35:29,739 Suze: You need to make your student loan payments now, you 488 00:35:29,739 --> 00:35:35,790 Suze: just need to do it. All right, Everybody. I seriously, 489 00:35:35,800 --> 00:35:40,210 Suze: I'm as surprised that it has gotten as far as 490 00:35:40,210 --> 00:35:45,230 Suze: it's gotten. But given politics today, which I think on 491 00:35:45,230 --> 00:35:48,160 Suze: both sides is totally absurd. If you want to know 492 00:35:48,160 --> 00:35:52,259 Suze: the truth, I cannot believe that it has gotten this 493 00:35:52,270 --> 00:35:54,950 Suze: far with them stopping 494 00:35:55,570 --> 00:36:00,819 Suze: what is something that should absolutely happen to every single 495 00:36:00,830 --> 00:36:01,870 Suze: one of you. 496 00:36:03,280 --> 00:36:06,700 Suze: Alright, let's just do one last bit of news before 497 00:36:06,700 --> 00:36:10,950 Suze: we close the Women and Money podcast Suze School edition 498 00:36:10,960 --> 00:36:14,339 Suze: for today. Which is I have good news for all 499 00:36:14,340 --> 00:36:21,850 Suze: of you. We are about to launch tomorrow Monday November 14, 500 00:36:23,160 --> 00:36:30,570 Suze: the Holiday Suze Sweepstakes with Alliant Credit Union. Now all 501 00:36:30,570 --> 00:36:35,160 Suze: of you know that I love Alliant Credit Union, I 502 00:36:35,160 --> 00:36:39,120 Suze: love the ultimate opportunity savings account which by the way, 503 00:36:39,120 --> 00:36:44,630 Suze: starting tomorrow as well will be paying you 2.5%. We're 504 00:36:44,630 --> 00:36:49,320 Suze: raising interest rates so I love them 505 00:36:49,790 --> 00:36:53,509 Suze: and really what happens is once a year at the 506 00:36:53,510 --> 00:36:57,239 Suze: end of the year we do a sweepstakes where you 507 00:36:57,239 --> 00:37:02,250 Suze: are automatically entered into the sweepstakes, if you have an 508 00:37:02,250 --> 00:37:08,080 Suze: account with the Alliant Credit Union. The ultimate opportunity account. Alright, 509 00:37:08,120 --> 00:37:12,260 Suze: so if you have the ultimate opportunity savings account you 510 00:37:12,260 --> 00:37:17,620 Suze: will automatically be entered in the sweepstakes with one entry. 511 00:37:17,660 --> 00:37:18,820 Suze: Got that. 512 00:37:19,140 --> 00:37:24,350 Suze: The prizes this year will only be two. So two 513 00:37:24,350 --> 00:37:29,219 Suze: people will each win $10,000 each. 514 00:37:30,140 --> 00:37:34,410 Suze: Now there is more to it than that and here's 515 00:37:34,410 --> 00:37:39,160 Suze: what's so great tomorrow, November 14 516 00:37:39,850 --> 00:37:43,790 Suze: all of you that have the ultimate opportunity savings account 517 00:37:43,820 --> 00:37:49,460 Suze: will be getting an email and that email will tell 518 00:37:49,460 --> 00:37:55,230 Suze: you how you can gain extra entries into the sweepstakes 519 00:37:55,250 --> 00:37:59,550 Suze: simply if you refer a friend or family and they 520 00:37:59,560 --> 00:38:03,489 Suze: join Alliant. Now you will be emailed a link 521 00:38:04,020 --> 00:38:07,799 Suze: right and you'll figure out how to do it on Thursday, 522 00:38:07,800 --> 00:38:09,989 Suze: I will give out that link to make sure that 523 00:38:09,989 --> 00:38:13,790 Suze: it's absolutely up and running for those of you who 524 00:38:13,790 --> 00:38:18,029 Suze: haven't yet opened up an ultimate opportunity savings account. 525 00:38:18,540 --> 00:38:20,700 Suze: If you listen to the end of this podcast it 526 00:38:20,700 --> 00:38:24,630 Suze: will absolutely tell you exactly how you can earn $100 527 00:38:24,630 --> 00:38:29,090 Suze: in just 12 months by depositing at least $100 a 528 00:38:29,090 --> 00:38:32,660 Suze: month for 12 consecutive months. But if you don't have 529 00:38:32,660 --> 00:38:37,600 Suze: someone to refer you it's okay just go to my 530 00:38:37,610 --> 00:38:41,450 Suze: alliant A L L I A N T dot com 531 00:38:41,550 --> 00:38:46,490 Suze: slash Suze and join. Just that simple 532 00:38:46,810 --> 00:38:50,830 Suze: and again you will then be entered into the sweepstakes 533 00:38:50,840 --> 00:38:53,779 Suze: if you follow all the things you need to do, 534 00:38:53,780 --> 00:38:59,510 Suze: which is very simple. So I think that's fabulous news. 535 00:38:59,530 --> 00:39:04,670 Suze: So for many reasons you should all want to participate 536 00:39:04,680 --> 00:39:08,960 Suze: in that. And again, just remember members that are already 537 00:39:09,050 --> 00:39:13,020 Suze: part of this, all you have to do is refer 538 00:39:13,020 --> 00:39:14,880 Suze: a friend or family member, 539 00:39:15,250 --> 00:39:20,750 Suze: they join, you get another entry into the sweepstakes, 540 00:39:21,380 --> 00:39:25,610 Suze: I have to tell you your chances of winning are really, 541 00:39:25,610 --> 00:39:26,799 Suze: really good 542 00:39:27,570 --> 00:39:31,250 Suze: Because if you think about how many people have done 543 00:39:31,250 --> 00:39:33,870 Suze: this over the years, maybe 40, you know since we've 544 00:39:33,870 --> 00:39:37,760 Suze: been doing it 30 or 40,000 of you became members. 545 00:39:37,770 --> 00:39:40,800 Suze: That's still pretty good odds when you compare that to 546 00:39:40,800 --> 00:39:45,060 Suze: anything else. So I would be doing that if I 547 00:39:45,070 --> 00:39:46,490 Suze: were you. 548 00:39:47,040 --> 00:39:51,150 Suze: So I think I covered everything that I said I 549 00:39:51,150 --> 00:39:52,530 Suze: would cover. 550 00:39:53,300 --> 00:39:55,080 Suze: That brings us to the end 551 00:39:55,680 --> 00:39:59,920 Suze: of an incredibly educational Suze School, if you ask me. 552 00:40:00,120 --> 00:40:04,989 Suze: But until Thursday do you love, we're back on Sunday 553 00:40:04,989 --> 00:40:07,230 Suze: and Thursdays. I don't know why it makes a difference 554 00:40:07,230 --> 00:40:10,230 Suze: because it's a podcast, but it just makes me feel 555 00:40:10,230 --> 00:40:13,689 Suze: so much better. I can't even tell you So until thursday, 556 00:40:13,690 --> 00:40:16,080 Suze: when Ms Travis joins us again for a 557 00:40:16,100 --> 00:40:20,759 Suze: Ask KT and Suze Anything. There's really only one thing 558 00:40:20,840 --> 00:40:24,400 Suze: that we want for you and your money and that 559 00:40:24,400 --> 00:40:28,540 Suze: is for you to be smart, strong and secure. Now 560 00:40:28,540 --> 00:40:30,960 Suze: you stay safe, everybody. Bye bye.