1 00:00:19,900 --> 00:00:24,930 Suze: March 29, 2026. Welcome everybody to the Women and Money podcast, 2 00:00:24,939 --> 00:00:29,661 Suze: and everybody smart enough to listen, especially today cause Fitz 3 00:00:29,661 --> 00:00:32,261 Suze: is with us, so I'm going to get right to it. 4 00:00:33,021 --> 00:00:34,820 Suze: Hey Fitz, how are you? 5 00:00:35,140 --> 00:00:37,320 Keith: I'm doing great, thanks as always for having me. 6 00:00:37,781 --> 00:00:39,980 Suze: All right, so can we just talk? I need to talk 7 00:00:39,980 --> 00:00:43,531 Suze: to somebody because I'm just like so frustrated I can't 8 00:00:43,531 --> 00:00:46,581 Suze: even tell you. So let me tell you why, and 9 00:00:46,581 --> 00:00:50,880 Suze: I'm sure everybody listening, and they're probably feeling the same way. 10 00:00:51,331 --> 00:00:56,371 Suze: The fundamentals of the stocks that are on the stock exchange, 11 00:00:56,450 --> 00:01:02,630 Suze: meaning their earnings, how they're doing, their profitability, have been solid. 12 00:01:03,250 --> 00:01:08,991 Suze: So the fundamentals behind this entire market were so strong 13 00:01:09,851 --> 00:01:16,781 Suze: until somebody decided, let's change that, and they went after Iran, 14 00:01:16,971 --> 00:01:18,991 Suze: and now we have oil. 15 00:01:19,421 --> 00:01:23,619 Suze: And now we're watching oil go up and up and up, 16 00:01:23,671 --> 00:01:26,830 Suze: and sometimes it comes back down, and when it comes 17 00:01:26,830 --> 00:01:29,950 Suze: back down, that's when we see the markets go up. 18 00:01:30,031 --> 00:01:31,031 Suze: Is that correct? 19 00:01:31,431 --> 00:01:33,830 Keith: That's absolutely correct, and it's correct because of all the 20 00:01:33,830 --> 00:01:37,431 Keith: leverage between the oil and everything else in the market, Suze. 21 00:01:37,891 --> 00:01:42,001 Suze: All right, so here we are. Oil is at its 22 00:01:42,001 --> 00:01:48,370 Suze: like high since July of 2022, right? Everything now seems 23 00:01:48,370 --> 00:01:52,211 Suze: to be simply dependent on one thing and one thing only, 24 00:01:52,440 --> 00:01:55,971 Suze: and that is oil in my opinion. And when we 25 00:01:55,971 --> 00:01:57,230 Suze: have a market 26 00:01:57,721 --> 00:02:02,270 Suze: that is absolutely being destroyed in so many ways based 27 00:02:02,270 --> 00:02:05,730 Suze: on one thing known as oil. What do you tell 28 00:02:05,730 --> 00:02:07,991 Suze: people to do now, Keith? What do we do? 29 00:02:08,560 --> 00:02:11,350 Keith: Well, there's two things. Stay in if you can. Number two, 30 00:02:11,560 --> 00:02:14,921 Keith: remember that psychology is driving all this. The businesses are great. 31 00:02:14,961 --> 00:02:16,921 Keith: In fact, the business case for owning many of these 32 00:02:16,921 --> 00:02:19,439 Keith: companies is getting stronger. So what you gotta do now 33 00:02:19,440 --> 00:02:21,329 Keith: is imagine you're on a boat out the ocean. The 34 00:02:21,329 --> 00:02:23,201 Keith: waves have picked up. If you jump off, you're gonna 35 00:02:23,201 --> 00:02:25,380 Keith: have a problem. You just gotta wait this one out. 36 00:02:25,680 --> 00:02:28,359 Suze: But you know, it's so easy to say that. I 37 00:02:28,360 --> 00:02:30,840 Suze: know it's like I'm gonna wait it out, but here 38 00:02:30,841 --> 00:02:33,981 Suze: I am. Many of my tech stocks are down 20, 39 00:02:34,245 --> 00:02:39,496 Suze: 30, 50%. Some of them you have some stocks that 40 00:02:39,495 --> 00:02:44,125 Suze: are down 5%, 10%. You now have the NASDAQ, the 41 00:02:44,125 --> 00:02:48,725 Suze: Standard and Poor's, all essentially pretty much in correction territory. 42 00:02:48,925 --> 00:02:52,696 Suze: You have gold that has absolutely lost at least $1,000 43 00:02:52,696 --> 00:02:56,455 Suze: an ounce. You have Bitcoin that has no ability to 44 00:02:56,454 --> 00:02:59,875 Suze: do anything but go down, especially in the case of war. 45 00:03:00,351 --> 00:03:03,590 Suze: So where do people run or hide, cause it kind 46 00:03:03,591 --> 00:03:06,830 Suze: of feels like to me, there's no place to go, 47 00:03:07,029 --> 00:03:10,291 Suze: there's nothing to do, so what should they do? 48 00:03:10,750 --> 00:03:12,659 Suze: Besides just keep what they have? 49 00:03:12,829 --> 00:03:14,951 Keith: Well, respectfully, I push back on that a little bit, 50 00:03:14,990 --> 00:03:17,590 Keith: and here's why is a company like Chevron, which we 51 00:03:17,591 --> 00:03:19,630 Keith: of course talked about for months and months and months 52 00:03:19,630 --> 00:03:23,791 Keith: leading into this, is a global producer with dinosaur juice 53 00:03:23,791 --> 00:03:25,270 Keith: that we're gonna need for a very, very long time. 54 00:03:25,310 --> 00:03:28,109 Keith: It's got a great dividend and it's very stable. So 55 00:03:28,110 --> 00:03:30,231 Keith: if you're freaked out because all of your tech has 56 00:03:30,231 --> 00:03:32,630 Keith: gone one direction, you can balance that like a little 57 00:03:32,630 --> 00:03:34,511 Keith: kid's teeter totter on the playground with a 58 00:03:34,601 --> 00:03:37,912 Keith: stock like Chevron, or you can go into something like S-Gov, 59 00:03:38,002 --> 00:03:41,543 Keith: which is short term US Treasuries, super safe, great yield, 60 00:03:41,783 --> 00:03:43,632 Keith: not going to go anywhere you can sleep at night. 61 00:03:43,722 --> 00:03:47,402 Keith: So there are still choices, even though the ocean's getting 62 00:03:47,403 --> 00:03:48,843 Keith: a little bumpy or a little spicy. 63 00:03:49,162 --> 00:03:51,722 Suze: So I just have to go back to the Chevron 64 00:03:51,722 --> 00:03:54,482 Suze: because that was your number one energy pick. And the 65 00:03:54,483 --> 00:03:57,642 Suze: last time that you were on, you said it is 66 00:03:57,642 --> 00:03:58,361 Suze: my number one... 67 00:03:58,524 --> 00:04:03,053 Suze: It was about 189, 190, maybe the next Monday, whenever 68 00:04:03,053 --> 00:04:05,934 Suze: it came on, it went down to 187 and all 69 00:04:05,935 --> 00:04:10,175 Suze: these people, not all of them, but if it's one, 70 00:04:10,235 --> 00:04:13,455 Suze: it was too many. They said, no way are we 71 00:04:13,455 --> 00:04:16,535 Suze: listening to the two of you. How can you be 72 00:04:16,535 --> 00:04:20,015 Suze: buying something at its high? You don't buy it at 73 00:04:20,015 --> 00:04:22,114 Suze: its high. You wait till it comes down. 74 00:04:22,306 --> 00:04:25,507 Suze: And now here we are. And where is it at 75 00:04:25,507 --> 00:04:26,897 Suze: the close of Friday? 76 00:04:27,187 --> 00:04:28,565 Keith: Oh, it's up in the 200s. 77 00:04:28,825 --> 00:04:32,186 Suze: Yeah. So last I looked at it was like 206, 207, 208. 78 00:04:32,255 --> 00:04:36,415 Suze: It's trading right in there still with a decent sized dividend. 79 00:04:36,786 --> 00:04:40,056 Suze: So when people look at their stocks and they go, 80 00:04:40,106 --> 00:04:43,386 Suze: Oh my God, it's so high, it's so high. I 81 00:04:43,385 --> 00:04:46,035 Suze: have to wait until it goes down. 82 00:04:47,270 --> 00:04:49,711 Suze: Can you just tell them what a big mistake that 83 00:04:49,711 --> 00:04:50,580 Suze: is and why? 84 00:04:51,110 --> 00:04:53,830 Keith: Sure, take a look at a chart. Pick any stock 85 00:04:53,830 --> 00:04:55,711 Keith: you want, just any of the household names that we've 86 00:04:55,711 --> 00:04:58,431 Keith: talked about, any of the stocks you own. Zoom out 87 00:04:58,431 --> 00:05:00,911 Keith: to 20 years and tell me that that chart doesn't 88 00:05:00,911 --> 00:05:03,700 Keith: go high to low, low to high over that time period. 89 00:05:03,950 --> 00:05:06,711 Keith: So it feels bad at moments in time, but when 90 00:05:06,711 --> 00:05:08,830 Keith: in doubt, you zoom out and you take a much 91 00:05:08,830 --> 00:05:11,681 Keith: bigger picture because a quality company is gonna be there 92 00:05:11,681 --> 00:05:12,390 Keith: when you need it. 93 00:05:12,544 --> 00:05:15,795 Keith: Regardless of the short term noise, and that's the perspective 94 00:05:15,794 --> 00:05:19,354 Keith: that so many people miss. You've gotta just simply relax, 95 00:05:19,635 --> 00:05:22,996 Keith: look at that bigger picture, because many times, for example, 96 00:05:23,075 --> 00:05:27,116 Keith: in early 2000, Amazon lost 97% of its value. That's 97 00:05:27,116 --> 00:05:30,755 Keith: incomprehensible to people today. They simply forget their history. We're 98 00:05:30,755 --> 00:05:33,474 Keith: gonna get through this and stocks like Chevron, which people 99 00:05:33,474 --> 00:05:35,616 Keith: argue about with me till they're blue in the face, 100 00:05:36,395 --> 00:05:37,936 Keith: continue to go up over time. 101 00:05:38,395 --> 00:05:39,755 Suze: So I hear you. 102 00:05:40,491 --> 00:05:42,890 Suze: Maybe a few people that have time on their side 103 00:05:42,890 --> 00:05:46,070 Suze: and everything and they understand all this hear you. 104 00:05:46,380 --> 00:05:49,330 Suze: But the majority of the people are like, stop telling 105 00:05:49,330 --> 00:05:52,561 Suze: me to zoom out. Stop telling me just to be patient. 106 00:05:52,820 --> 00:05:57,221 Suze: I'm totally freaked out. So you know how at the 107 00:05:57,221 --> 00:06:00,841 Suze: end of last year, Keith, we had a thing where 108 00:06:00,979 --> 00:06:05,260 Suze: we were telling everybody, you know, in 2025, we think 109 00:06:05,260 --> 00:06:07,100 Suze: that the Standard and Poor's is going to end up 110 00:06:07,099 --> 00:06:11,640 Suze: at like 7,000, 7,400. We were so optimistic. 111 00:06:12,380 --> 00:06:16,539 Suze: I'm having a hard time being optimistic right now. I 112 00:06:16,539 --> 00:06:21,561 Suze: understand holding on to everything we have. I also understand 113 00:06:21,781 --> 00:06:25,140 Suze: that this whole market is based on oil, and it 114 00:06:25,140 --> 00:06:28,840 Suze: was just announced on Friday that chances are we're still 115 00:06:28,841 --> 00:06:30,980 Suze: gonna be there two or four more weeks. We have 116 00:06:30,979 --> 00:06:35,161 Suze: thousands of soldiers going there, all right, so... 117 00:06:36,229 --> 00:06:38,539 Suze: If you look at the markets right now. 118 00:06:39,341 --> 00:06:43,431 Suze: And they continue like this, and you see oil at 120, 125. 119 00:06:43,830 --> 00:06:46,871 Suze: Where do you think the downside could be at this 120 00:06:46,871 --> 00:06:49,950 Suze: point in time? I personally think it's really easy to 121 00:06:49,950 --> 00:06:53,311 Suze: see the Standard and Poor's down at about 6,000 when 122 00:06:53,311 --> 00:06:55,729 Suze: it's at 6,300 right now. What do you think? 123 00:06:56,110 --> 00:06:58,270 Keith: Well, I think that's not impossible either, you know, and 124 00:06:58,270 --> 00:07:00,510 Keith: the trick is the selling is going to continue until 125 00:07:00,510 --> 00:07:03,911 Keith: all the leverage exhausts itself. That's the unknown here. It's 126 00:07:03,911 --> 00:07:06,211 Keith: not the politics. It's not the individual in the White House. 127 00:07:06,501 --> 00:07:08,681 Keith: It's not the conflict, it's the fact that Wall Street 128 00:07:09,020 --> 00:07:12,501 Keith: is doing what's called resetting risk, Suze. They're simply looking 129 00:07:12,501 --> 00:07:14,850 Keith: around the globe and going, where's the certainty, and it 130 00:07:14,850 --> 00:07:17,621 Keith: doesn't exist right now. But the certainty, if you and 131 00:07:17,621 --> 00:07:20,300 Keith: I look at it as investors, is the individual companies, 132 00:07:20,381 --> 00:07:22,980 Keith: the Chevrons of the world with the great earnings, the dividend, 133 00:07:23,260 --> 00:07:25,420 Keith: the S-Govs of the world where we can park our cash, 134 00:07:25,501 --> 00:07:28,820 Keith: stash it for safety. That's stuff we can control rather 135 00:07:28,820 --> 00:07:31,061 Keith: than worrying about the stuff we can't, and it's hard, 136 00:07:31,420 --> 00:07:33,760 Suze: You know, you just said the word certainty. 137 00:07:34,390 --> 00:07:38,010 Suze: And the reason that these markets don't go up and 138 00:07:38,010 --> 00:07:42,371 Suze: stay up is people are buying because of what we 139 00:07:42,371 --> 00:07:46,170 Suze: both call FOMO. They are afraid of missing out. And 140 00:07:46,170 --> 00:07:48,010 Suze: so they see it go down a little, and then 141 00:07:48,010 --> 00:07:49,770 Suze: they go, they've got to get it, and then it 142 00:07:49,770 --> 00:07:51,931 Suze: goes up and they go, I caught it, and then 143 00:07:51,931 --> 00:07:55,971 Suze: it goes right back down. The trick, everybody, and tell 144 00:07:55,971 --> 00:07:59,170 Suze: me if you agree with me, Keith, is that once 145 00:07:59,170 --> 00:08:00,191 Suze: things are certain. 146 00:08:01,381 --> 00:08:05,550 Suze: And people really feel like, oh, oil's calmed down, this 147 00:08:05,550 --> 00:08:09,760 Suze: has happened, whatever it is, and they're buying because it's 148 00:08:09,760 --> 00:08:14,121 Suze: a good investment. They know what's happening out there. Don't 149 00:08:14,121 --> 00:08:18,480 Suze: you think when that eventually happens that we probably will 150 00:08:18,480 --> 00:08:20,300 Suze: see these markets skyrocket again? 151 00:08:21,121 --> 00:08:22,281 Keith: Oh, there's no doubt. I agree with you 152 00:08:22,381 --> 00:08:25,661 Keith: 100% when certainty returns we're gonna get a rip your 153 00:08:25,661 --> 00:08:28,211 Keith: face off rally and everybody who thinks they're being smart 154 00:08:28,211 --> 00:08:31,001 Keith: by stepping out right now is gonna get left behind. 155 00:08:31,070 --> 00:08:33,670 Keith: So that's the, that's really the trade-off you gotta make 156 00:08:33,670 --> 00:08:35,901 Keith: today is how much do you want to risk that 157 00:08:35,901 --> 00:08:41,871 Keith: FOMO versus a logical controlled investing process over time even 158 00:08:41,871 --> 00:08:43,350 Keith: if it scares the snot out of you. 159 00:08:43,850 --> 00:08:46,889 Suze: And you know it's not just oil. Look at what 160 00:08:46,889 --> 00:08:52,470 Suze: happened to bonds. You have a 10 year treasury now 161 00:08:52,470 --> 00:08:57,730 Suze: at 4.4%, 4.5%. You have almost a 30 year at 5% again. 162 00:08:58,009 --> 00:09:01,369 Suze: What does that indicate to you and what would you 163 00:09:01,370 --> 00:09:04,328 Suze: be telling people to do when interest rates are getting 164 00:09:04,328 --> 00:09:05,889 Suze: higher like they are right now? 165 00:09:06,590 --> 00:09:08,910 Keith: Well, the logical trade-off is that's when you start looking 166 00:09:08,910 --> 00:09:10,790 Keith: at do I wanna stash my cash or do I 167 00:09:10,790 --> 00:09:13,311 Keith: wanna continue to take risk. What it really is is 168 00:09:13,311 --> 00:09:15,350 Keith: not just yield on your money, it's a reflection of 169 00:09:15,350 --> 00:09:19,340 Keith: global risk. And right now global traders, not investors, traders, 170 00:09:19,391 --> 00:09:22,391 Keith: and there's a distinction, are saying, oh, it's risky, but 171 00:09:22,391 --> 00:09:25,881 Keith: investors are saying, OK, I can do something with that 4%. 172 00:09:25,910 --> 00:09:27,831 Keith: That's good to me. I can get a return on 173 00:09:27,831 --> 00:09:28,991 Keith: my money as opposed to 174 00:09:29,076 --> 00:09:31,516 Keith: the return of my money, which is what traders are 175 00:09:31,516 --> 00:09:32,126 Keith: concerned about. 176 00:09:32,516 --> 00:09:35,516 Suze: We talk about stocks a lot, but we also have 177 00:09:35,516 --> 00:09:38,555 Suze: to talk about something that almost everybody has, which is 178 00:09:38,556 --> 00:09:42,235 Suze: real estate. Do they sell? Do they buy? And the 179 00:09:42,235 --> 00:09:47,275 Suze: truth of the matter is, everybody, oil affects everything, and 180 00:09:47,275 --> 00:09:51,594 Suze: you have really got to get that. And it also affects... 181 00:09:52,110 --> 00:09:56,050 Suze: The lumber, everything that you're using to build homes, to renovate, 182 00:09:56,071 --> 00:09:59,610 Suze: and all of those things, when you combine that along 183 00:09:59,610 --> 00:10:04,431 Suze: with interest rates being higher because when the 10 year 184 00:10:04,431 --> 00:10:09,210 Suze: goes up, guess what else goes up, everybody? Your mortgage interest. 185 00:10:09,511 --> 00:10:11,511 Suze: So if you're looking for a new mortgage right now, 186 00:10:11,710 --> 00:10:13,550 Suze: remember how just a little bit ago, Keith, we were like, 187 00:10:13,631 --> 00:10:17,110 Suze: oh 5.55%, we went in there for a 30 year. 188 00:10:17,663 --> 00:10:20,504 Suze: Now we're back at almost 6.5 and it's going to 189 00:10:20,504 --> 00:10:23,982 Suze: go higher. So would you be an investor in real 190 00:10:23,982 --> 00:10:26,583 Suze: estate right now? And if so, how would you be 191 00:10:26,583 --> 00:10:27,143 Suze: investing in it? 192 00:10:27,543 --> 00:10:29,264 Keith: Oh, that's a great question. It actually is going to 193 00:10:29,264 --> 00:10:31,583 Keith: bring me right back to a favorite choice of yours 194 00:10:31,583 --> 00:10:34,543 Keith: and mine, Care Trust. It's a real estate investment trust. 195 00:10:34,784 --> 00:10:38,423 Keith: kicks off great income, but specifically it's a specialized trust 196 00:10:38,423 --> 00:10:42,102 Keith: that cares for medicine, recovery care after surgery. So as 197 00:10:42,102 --> 00:10:42,284 Keith: we 198 00:10:42,376 --> 00:10:44,337 Keith: get older as we all need medical care. This is 199 00:10:44,337 --> 00:10:46,406 Keith: one of the few areas of real estate where you 200 00:10:46,407 --> 00:10:51,357 Keith: have a very dynamic yet calm, placid, dependable approach going forward. 201 00:10:51,407 --> 00:10:53,967 Keith: It's much better than individual real estate, in my opinion, 202 00:10:53,977 --> 00:10:54,537 Keith: at this moment. 203 00:10:54,657 --> 00:10:57,647 Suze: You still love Chevron. You're still buying Chevron, right? 204 00:10:58,366 --> 00:10:59,967 Keith: Oh yeah, bought some more today, as a matter of fact. 205 00:11:00,297 --> 00:11:02,297 Suze: So you know what's funny is a few days ago 206 00:11:02,297 --> 00:11:05,977 Suze: on my Women and Money Community app, I posted a 207 00:11:05,977 --> 00:11:07,337 Suze: chart of Chevron. 208 00:11:08,040 --> 00:11:12,160 Suze: And I posted it just without any reason why, and 209 00:11:12,160 --> 00:11:14,761 Suze: everybody's like, is she telling us to buy more? Is 210 00:11:14,761 --> 00:11:17,391 Suze: she telling us to sell? What should she be telling 211 00:11:17,391 --> 00:11:18,501 Suze: us to do? Why? 212 00:11:18,840 --> 00:11:21,170 Suze: The reason I posted it was to say to all 213 00:11:21,170 --> 00:11:25,691 Suze: of you that were doubters, it's not over, everybody, that 214 00:11:25,691 --> 00:11:30,331 Suze: no matter where oil goes, this is still a solid stock. 215 00:11:30,610 --> 00:11:33,131 Suze: So let's just get that out of the way. Even 216 00:11:33,131 --> 00:11:37,550 Suze: right here, Keith would be buying more. When it comes 217 00:11:37,550 --> 00:11:42,381 Suze: to a dividend paying stock to have some diversification within there. 218 00:11:42,811 --> 00:11:46,201 Suze: Both of us really still like Care Trust. I think 219 00:11:46,201 --> 00:11:46,850 Suze: the symbol is. 220 00:11:46,931 --> 00:11:50,170 Suze: Is it CTRE or C R T E? What is it? 221 00:11:50,331 --> 00:11:51,160 Suze: Something like that. 222 00:11:51,431 --> 00:11:52,451 Keith: CTRE, I believe. 223 00:11:52,530 --> 00:11:55,800 Keith: All right, and it's paying a really nice dividend, like 224 00:11:55,800 --> 00:12:02,811 Keith: about 3.5, 3.7%. Still. We're all getting older. Is that true, Keith? 225 00:12:02,931 --> 00:12:05,070 Keith: No, we're just, we're, we're just getting younger, but we're 226 00:12:05,071 --> 00:12:06,610 Keith: celebrating more frequent birthdays. 227 00:12:06,891 --> 00:12:09,290 Suze: Oh, is that what's happening here? You have to look 228 00:12:09,290 --> 00:12:12,610 Suze: at everybody. What's happening in the United States as we are, 229 00:12:12,730 --> 00:12:14,991 Suze: we're getting older and older and older. 230 00:12:15,540 --> 00:12:18,821 Suze: So if you're gonna go into an REIT. 231 00:12:19,550 --> 00:12:22,440 Suze: And you want a good dividend, do it in an 232 00:12:22,441 --> 00:12:25,960 Suze: area that's not gonna become obsolete, that is going to 233 00:12:25,960 --> 00:12:29,081 Suze: be able to help everybody that's getting older so it's 234 00:12:29,081 --> 00:12:32,271 Suze: safe there when it comes to individual real estate, Keith, 235 00:12:32,480 --> 00:12:36,230 Suze: buying a home right now, selling a home right now, 236 00:12:36,641 --> 00:12:38,081 Suze: what would you tell everybody? 237 00:12:38,521 --> 00:12:40,761 Keith: Well, I think that if you can pay off your 238 00:12:40,761 --> 00:12:43,321 Keith: home right now and you own it and you're comfortable 239 00:12:43,321 --> 00:12:45,960 Keith: in it, then stay put because you don't know what 240 00:12:45,960 --> 00:12:48,400 Keith: the real estate market's gonna do if your pockets of 241 00:12:48,400 --> 00:12:48,920 Keith: places that are 242 00:12:49,035 --> 00:12:51,475 Keith: growing great. Maybe you'll get lucky, but you know we're 243 00:12:51,475 --> 00:12:53,706 Keith: seeing a lot of sellers walk away. So, so I 244 00:12:53,706 --> 00:12:56,905 Keith: would just, you know, just tread lightly, tread carefully, tread intelligently. 245 00:12:57,196 --> 00:12:59,195 Keith: But meanwhile continue to invest in something like Care Trust. 246 00:13:00,035 --> 00:13:02,855 Suze: Yeah, but you know, here's the truth, not many people 247 00:13:02,996 --> 00:13:05,655 Suze: have the ability to just pay off their homes. I know. 248 00:13:05,996 --> 00:13:09,956 Suze: So just think about where the future is going and 249 00:13:09,956 --> 00:13:14,556 Suze: what you can do to protect your tomorrow's today. All right, 250 00:13:14,636 --> 00:13:18,525 Suze: so now we've given them two more stocks. Now, obviously. 251 00:13:19,720 --> 00:13:26,360 Suze: the technology has absolutely been obliterated, not just 5%, but 30-40%. 252 00:13:26,631 --> 00:13:31,381 Suze: If you had a number one technology pick right now, 253 00:13:31,840 --> 00:13:33,150 Suze: what would you be picking? 254 00:13:33,480 --> 00:13:34,230 Keith: No question about it: Microsoft. 255 00:13:35,600 --> 00:13:39,060 Suze: All right, now, Microsoft's been obliterated just again on Friday. 256 00:13:39,121 --> 00:13:43,121 Suze: It's been obliterated every day. Tell everybody why that would 257 00:13:43,121 --> 00:13:45,480 Suze: be your number one technology pick. 258 00:13:46,131 --> 00:13:48,709 Keith: Because this is a stock that is on the cusp 259 00:13:48,710 --> 00:13:52,060 Keith: of transforming our planet. It's a stock that billions of 260 00:13:52,061 --> 00:13:54,381 Keith: people depend on to bring them together. It's not just 261 00:13:54,381 --> 00:13:56,730 Keith: about the software anymore. It's about the AI. It's about 262 00:13:56,730 --> 00:14:00,060 Keith: the working together. It's about the data transmission, the data reception, 263 00:14:00,131 --> 00:14:03,210 Keith: how you can process stuff, the co-pilots it's rolling out. 264 00:14:03,491 --> 00:14:06,800 Keith: This company has its fingers in so many different pies, 265 00:14:06,941 --> 00:14:09,100 Keith: all of which are essential to our world. It's got 266 00:14:09,100 --> 00:14:10,290 Keith: a global footprint. 267 00:14:10,621 --> 00:14:12,920 Keith: You know, it's being thrown out with the bathwater right now, 268 00:14:12,941 --> 00:14:16,501 Keith: and that's a function of the large traders because Microsoft 269 00:14:16,501 --> 00:14:20,220 Keith: itself is financially very, very sound and very, very capable 270 00:14:20,220 --> 00:14:21,251 Keith: and growing rapidly. 271 00:14:21,460 --> 00:14:23,550 Suze: If you're going to be buying Microsoft right now, you 272 00:14:23,550 --> 00:14:27,340 Suze: don't own any of it. How would you stage into it? 273 00:14:28,061 --> 00:14:30,331 Keith: Well, I would buy a little bit at first and 274 00:14:30,331 --> 00:14:33,331 Keith: then I would very carefully, deliberately take, you know, whatever 275 00:14:33,331 --> 00:14:35,131 Keith: amount of money it is. I'd look out 12 months, 276 00:14:35,191 --> 00:14:37,691 Keith: I'd divide it by 12 and I would invest that 277 00:14:37,691 --> 00:14:41,121 Keith: amount per month religiously, up or down, doesn't matter, grit 278 00:14:41,121 --> 00:14:43,280 Keith: your teeth if you have to, smile if you want to, 279 00:14:43,571 --> 00:14:44,891 Keith: but consistently over the next 280 00:14:45,016 --> 00:14:47,585 Keith: 12 months just split it up, slow down your buying, 281 00:14:47,655 --> 00:14:50,266 Keith: but continue the dollar cost average in. Because that is 282 00:14:50,266 --> 00:14:53,085 Keith: how you make this kind of volatility that's scary and 283 00:14:53,085 --> 00:14:56,646 Keith: nasty actually work for you. So Suze, I have a 284 00:14:56,665 --> 00:14:58,886 Keith: question for you. What would you say to somebody who says, 285 00:14:58,905 --> 00:15:00,626 Keith: I've got to invest in Europe right now? That's a 286 00:15:00,626 --> 00:15:01,946 Keith: very popular line of thinking. 287 00:15:02,590 --> 00:15:05,050 Suze: Well, I would tell them probably to think about it. 288 00:15:05,191 --> 00:15:09,511 Suze: Japan has done very well this year. The European dividend 289 00:15:09,511 --> 00:15:14,991 Suze: paying ETFs are up like 55% this year. So I 290 00:15:14,991 --> 00:15:19,391 Suze: think that it doesn't hurt to have some diversification, but truthfully, Keith... 291 00:15:20,071 --> 00:15:24,071 Suze: I'm a United States kind of gal. I like investing 292 00:15:24,071 --> 00:15:28,660 Suze: right here, knowing what I'm investing in, and this isn't 293 00:15:28,660 --> 00:15:31,131 Suze: the time to be, I'm not going to invest anymore. 294 00:15:31,241 --> 00:15:32,451 Suze: I'm not going to do anything. 295 00:15:32,900 --> 00:15:35,410 Keith: So, on days where this stuff really hits the fan, 296 00:15:35,470 --> 00:15:39,491 Keith: you're terrified, you're uncertain, I will often buy a single 297 00:15:39,991 --> 00:15:41,391 Keith: share of something. 298 00:15:41,535 --> 00:15:44,056 Keith: Just one share because either that's the money I had 299 00:15:44,056 --> 00:15:46,816 Keith: available to me when I was young or even today 300 00:15:46,816 --> 00:15:50,076 Keith: because it helps me stay in the game because I 301 00:15:50,076 --> 00:15:53,016 Keith: know I'm playing to win and so even one share 302 00:15:53,016 --> 00:15:56,696 Keith: psychologically is more valuable than any of the nonsense or 303 00:15:56,696 --> 00:15:58,806 Keith: any of the news or maybe even the stock itself. 304 00:15:59,136 --> 00:16:03,066 Suze: I'm still an investor, but I'm still watching. 305 00:16:03,470 --> 00:16:06,081 Suze: But there are so many people really that are just 306 00:16:06,081 --> 00:16:09,720 Suze: so frozen right now, and what I really wanted everybody 307 00:16:09,720 --> 00:16:13,600 Suze: to understand is this really isn't about the stock market. 308 00:16:13,811 --> 00:16:13,821 Keith: No. 309 00:16:14,590 --> 00:16:19,311 Suze: This really has almost nothing to do with the stock market. Everybody, 310 00:16:20,941 --> 00:16:26,511 Suze: before Iran, and we'll let Keith reiterate this, how great 311 00:16:26,511 --> 00:16:31,910 Suze: were the earnings, the fundamentals, everything, just looking at the 312 00:16:31,910 --> 00:16:35,631 Suze: stocks and the companies themselves, almost all of them. 313 00:16:36,090 --> 00:16:37,590 Suze: How great were they? 314 00:16:38,011 --> 00:16:41,610 Keith: Well, 92% of them reported earnings and and EPS surprises 315 00:16:41,610 --> 00:16:45,170 Keith: of 70 some odd percent of the above expectations. We had 316 00:16:45,170 --> 00:16:48,271 Keith: a blended growth rate of 14% for the S&P 500. 317 00:16:48,530 --> 00:16:51,811 Keith: We had growth rates that were averaging upward trajectory in 318 00:16:51,811 --> 00:16:54,811 Keith: terms of the ratings that analysts were assigning to them. 319 00:16:55,131 --> 00:16:58,251 Keith: The CEOs were very positive. So if you look at 320 00:16:58,251 --> 00:17:01,650 Keith: what that fabric looks like, it was growth. It was positive. 321 00:17:01,691 --> 00:17:03,511 Keith: It was things that you want to hear. 322 00:17:03,730 --> 00:17:05,991 Keith: So, it's all the headlines and the social media and 323 00:17:05,991 --> 00:17:09,040 Keith: the angst that has really clouded things and, and I 324 00:17:09,040 --> 00:17:10,960 Keith: think it's, it's a very tough spot to be in. 325 00:17:11,001 --> 00:17:12,840 Keith: It's scary. I mean, I'm a parent, I'm a husband, 326 00:17:12,920 --> 00:17:15,340 Keith: I'm a father. I, I, I feel all this angst too, 327 00:17:15,771 --> 00:17:18,120 Keith: but that shows you're human and you're paying attention. So, 328 00:17:18,320 --> 00:17:20,801 Keith: one of the things I've learned over the years, strange 329 00:17:20,801 --> 00:17:22,680 Keith: as it sounds, is whenever I get to feel like 330 00:17:22,680 --> 00:17:24,640 Keith: this way, it means I got to lean in because 331 00:17:24,641 --> 00:17:26,840 Keith: it means there's opportunity. And again, I, I've learned that 332 00:17:26,840 --> 00:17:29,041 Keith: lesson the hard way. I've, I thought I was being smart. 333 00:17:29,100 --> 00:17:31,180 Keith: I bailed out, I made mistakes, I lost money. 334 00:17:31,750 --> 00:17:33,689 Keith: But if you continue to lean in when you feel 335 00:17:33,689 --> 00:17:35,949 Keith: that way and you get uncomfortable, I've learned that that's 336 00:17:35,949 --> 00:17:37,789 Keith: a heck of a lot more profitable if you can 337 00:17:37,789 --> 00:17:38,168 Keith: do it. 338 00:17:38,470 --> 00:17:41,309 Suze: So if you just heard all those numbers that can 339 00:17:41,309 --> 00:17:44,028 Suze: drive you crazy that you've just said, all right. 340 00:17:44,651 --> 00:17:48,810 Suze: And you could understand that the companies themselves, we'll see 341 00:17:48,810 --> 00:17:54,390 Suze: what happens next earnings season, but the companies themselves fundamentally 342 00:17:54,651 --> 00:18:00,291 Suze: are strong right now and really the culprit that has 343 00:18:00,291 --> 00:18:04,241 Suze: pulled out the rug underneath every one of these stocks, 344 00:18:04,491 --> 00:18:05,209 Suze: the stock market... 345 00:18:05,335 --> 00:18:11,286 Suze: The treasury, everything is oil. It all, in my opinion, 346 00:18:11,496 --> 00:18:16,376 Suze: boils down to oil and do not be surprised if 347 00:18:16,376 --> 00:18:20,156 Suze: you don't see oil continue to go up and up 348 00:18:20,256 --> 00:18:24,065 Suze: and up, and it will not be until this is solved. 349 00:18:24,136 --> 00:18:26,656 Suze: You'll have to tell me if you agree, Keith, until 350 00:18:26,656 --> 00:18:30,335 Suze: this problem is solved that you're going to see a 351 00:18:30,335 --> 00:18:32,975 Suze: stock market that has a clue of what it wants 352 00:18:32,975 --> 00:18:34,516 Suze: to do. What do you think? 353 00:18:35,220 --> 00:18:39,271 Keith: Agreed, agreed, and agreed, and when that happens, the prices 354 00:18:39,271 --> 00:18:41,661 Keith: are gonna crater so fast people's heads are gonna spin, 355 00:18:41,710 --> 00:18:43,791 Keith: which of course means the stock market is gonna go 356 00:18:43,791 --> 00:18:46,070 Keith: the other direction, so we'll all get to smile and 357 00:18:46,070 --> 00:18:47,580 Keith: relax a little bit when that happens. 358 00:18:47,871 --> 00:18:52,230 Suze: So in just recapping the rules of the game again 359 00:18:52,230 --> 00:18:54,771 Suze: are you only invest with money. 360 00:18:55,371 --> 00:18:59,460 Suze: That you have at least five, 10, 15 years that 361 00:18:59,460 --> 00:19:02,820 Suze: you will need, all right, you don't invest with money 362 00:19:02,820 --> 00:19:05,161 Suze: that you're going to need next month or a down 363 00:19:05,161 --> 00:19:09,359 Suze: payment on a home or whatever. Talk about diversification, Keith. 364 00:19:09,820 --> 00:19:12,970 Keith: Well, diversification as it used to work, it doesn't work 365 00:19:12,970 --> 00:19:14,580 Keith: any longer. So what you want to do is think 366 00:19:14,580 --> 00:19:16,621 Keith: intelligently about diversifying in the right 367 00:19:16,705 --> 00:19:20,546 Keith: companies and themes, that's the stuff that's gonna make you 368 00:19:20,546 --> 00:19:23,984 Keith: a fortune over time. So diversification, the new way to 369 00:19:23,984 --> 00:19:26,256 Keith: do it is to follow things like the AI, like 370 00:19:26,256 --> 00:19:29,146 Keith: the oil, like the politics we're talking about, because that's 371 00:19:29,146 --> 00:19:32,426 Keith: where the money concentrates and it crosses all the different industries. 372 00:19:32,695 --> 00:19:35,305 Keith: So stick to quality, buy the best, ignore the rest. 373 00:19:35,345 --> 00:19:38,065 Keith: As trite as that sounds, it's a path to profits. 374 00:19:38,751 --> 00:19:43,590 Suze: Alright, so hopefully everybody subscribes to your 5 with Fitz. 375 00:19:43,710 --> 00:19:45,310 Suze: Tell them what 5 with Fitz is, Keith. 376 00:19:45,421 --> 00:19:47,650 Keith: Oh boy, you are very kind. So I began the 377 00:19:47,651 --> 00:19:50,690 Keith: 5 with Fits personally and I've written it for myself 378 00:19:50,921 --> 00:19:53,781 Keith: for decades because it helps me clarify my thinking. It's free. 379 00:19:53,830 --> 00:19:56,991 Keith: It will always be free, but it's literally my stream 380 00:19:56,991 --> 00:19:59,830 Keith: of consciousness as to how I prepare to invest every 381 00:19:59,830 --> 00:20:02,380 Keith: single day. And somebody said share it during COVID, and 382 00:20:02,381 --> 00:20:02,830 Keith: I thought nobody's 383 00:20:03,060 --> 00:20:05,131 Keith: gonna be interested and today there's tens of thousands of 384 00:20:05,131 --> 00:20:07,261 Keith: people around the world who read it and it's really 385 00:20:07,261 --> 00:20:10,060 Keith: humbling and frankly, I'd love it. You know, I know 386 00:20:10,060 --> 00:20:11,730 Keith: you read it, Suze, and you've told me you enjoy it, 387 00:20:11,781 --> 00:20:12,501 Keith: so thank you. 388 00:20:12,980 --> 00:20:15,301 Suze: I look for my name in it, Keith. Yes, you do. 389 00:20:15,541 --> 00:20:19,220 Suze: I'm like, come on, mention me. But everybody, I wanted 390 00:20:19,220 --> 00:20:21,580 Suze: Keith to tell you all about that because we have 391 00:20:21,580 --> 00:20:24,801 Suze: a lot of new people all the time and especially 392 00:20:24,801 --> 00:20:27,041 Suze: on YouTube. And so 393 00:20:27,840 --> 00:20:32,041 Suze: just every day check in because what I really think 394 00:20:32,041 --> 00:20:35,080 Suze: all of you need at times like this is a 395 00:20:35,080 --> 00:20:40,271 Suze: voice of reason, a voice of knowledge, a voice of knowing, 396 00:20:40,480 --> 00:20:44,150 Suze: and while I'm also that voice, I don't come to 397 00:20:44,151 --> 00:20:47,480 Suze: you every single day. I come to you on Tuesdays 398 00:20:47,480 --> 00:20:49,741 Suze: or Thursdays or whenever you happen to tune into the 399 00:20:49,741 --> 00:20:53,180 Suze: podcast or we decide to do a YouTube posting. 400 00:20:53,570 --> 00:20:58,480 Suze: So get that little hit every day to keep yourself grounded. 401 00:20:58,531 --> 00:21:00,840 Suze: All right, Keith, anything else you wanna say? 402 00:21:01,051 --> 00:21:03,291 Keith: No, just hang in there, everybody. This is tough, but 403 00:21:03,291 --> 00:21:04,930 Keith: you know what, we are gonna get through this. There's 404 00:21:04,930 --> 00:21:08,171 Keith: no doubt. History shows that very clearly with Suze's guidance 405 00:21:08,171 --> 00:21:11,011 Keith: because I read Suze's stuff every week, uh, you know, 406 00:21:11,090 --> 00:21:12,310 Keith: we're all gonna be there in this together. 407 00:21:12,930 --> 00:21:16,911 Suze: Yeah, but it could take time. So just be patient, everybody. 408 00:21:17,011 --> 00:21:21,930 Suze: This is a market that's gonna take time to settle down. 409 00:21:22,210 --> 00:21:25,450 Suze: So until next time, there's only one thing we want 410 00:21:25,450 --> 00:21:27,070 Suze: them to remember, right, Keith? 411 00:21:27,320 --> 00:21:27,870 Keith: Absolutely. 412 00:21:28,161 --> 00:21:29,810 Suze: Well, to say it. You know how to say it. 413 00:21:30,090 --> 00:21:33,570 Keith: People first. Money second, then things. 414 00:21:34,751 --> 00:21:38,751 Suze: You got it. All right, bye bye, everybody. See you soon.