1 00:00:40,979 --> 00:00:46,759 Suze: April 14th, 2024. Welcome everybody to the Women and Money 2 00:00:46,770 --> 00:00:51,049 Suze: podcast as well as everybody smart enough to listen, Suze O, 3 00:00:51,060 --> 00:00:54,869 Suze: here and today is Suze school. So, you know what 4 00:00:54,880 --> 00:00:59,759 Suze: that means? Take out your huge Suze notebooks because I 5 00:00:59,770 --> 00:01:04,080 Suze: was thinking all these podcasts, I've been saying, take out 6 00:01:04,089 --> 00:01:05,849 Suze: your little Suze notebooks 7 00:01:06,449 --> 00:01:09,660 Suze: and then I realized if they're really taking out their 8 00:01:09,669 --> 00:01:14,910 Suze: Suze notebooks and they have been taking notes this whole time. 9 00:01:15,000 --> 00:01:18,290 Suze: There is no way that they're little anymore. They have 10 00:01:18,300 --> 00:01:21,569 Suze: to be big or maybe they're even where you have 11 00:01:21,580 --> 00:01:24,419 Suze: one or two of them. But no matter whether they're 12 00:01:24,430 --> 00:01:29,110 Suze: small or large, take them out because there's a lot 13 00:01:29,120 --> 00:01:31,429 Suze: of things that I may say today 14 00:01:32,059 --> 00:01:35,040 Suze: that you'll want to write down and why do I say, 15 00:01:35,309 --> 00:01:38,330 Suze: may say today because there's so many things I want 16 00:01:38,339 --> 00:01:39,269 Suze: to talk to you about. 17 00:01:40,029 --> 00:01:42,379 Suze: I want to talk to you about, Obviously, tomorrow is 18 00:01:42,389 --> 00:01:45,029 Suze: Tax Day. I want to talk to you about the 19 00:01:45,040 --> 00:01:50,860 Suze: fact that the market absolutely went down last week. Not 20 00:01:50,870 --> 00:01:53,449 Suze: just a little bit, but a lot. 21 00:01:54,139 --> 00:01:57,790 Suze: I want to talk to you possibly about gold or 22 00:01:57,800 --> 00:02:01,480 Suze: about treasuries versus CDs. I wanna talk to you about 23 00:02:01,489 --> 00:02:05,019 Suze: so much. So, who knows? I'm just gonna have to 24 00:02:05,029 --> 00:02:10,520 Suze: see what comes out of my mouth first. So I'm 25 00:02:10,529 --> 00:02:15,720 Suze: as excited to take this podcast right along with you. 26 00:02:16,210 --> 00:02:19,990 Suze: Last week was an interesting week for me. I came 27 00:02:20,000 --> 00:02:22,399 Suze: all the way to Florida 28 00:02:22,889 --> 00:02:27,190 Suze: simply to do live television because as you may know, 29 00:02:27,199 --> 00:02:31,570 Suze: our connections on the island aren't always stable. And if 30 00:02:31,580 --> 00:02:36,949 Suze: you're doing an actual live show or a live presentation, 31 00:02:37,529 --> 00:02:42,190 Suze: it's really not good if the electricity happens to cut off. 32 00:02:42,199 --> 00:02:46,350 Suze: So what did I do? I came with KT back 33 00:02:46,360 --> 00:02:48,350 Suze: to Florida simply to do that. 34 00:02:48,990 --> 00:02:52,250 Suze: And here I am and I'm in the middle of 35 00:02:52,258 --> 00:02:59,770 Suze: doing the NBC summit for leaders and 10 minutes into it, 36 00:03:00,080 --> 00:03:05,490 Suze: all electricity, everything goes dead in the condo in Florida 37 00:03:05,869 --> 00:03:09,889 Suze: and obviously some worker or somebody cut a cable. 38 00:03:10,538 --> 00:03:13,639 Suze: So now there's no way for me to do that. 39 00:03:14,300 --> 00:03:17,600 Suze: And now I'm getting all these emails and everybody's frantic, 40 00:03:17,610 --> 00:03:20,490 Suze: they don't know what to do. But ok, we got 41 00:03:20,500 --> 00:03:24,139 Suze: through that somehow because the other panelists that were there 42 00:03:24,149 --> 00:03:26,839 Suze: just so kindly took over for me. All right. 43 00:03:27,500 --> 00:03:30,600 Suze: Then that afternoon, I was supposed to do Jake Tapper 44 00:03:30,610 --> 00:03:34,919 Suze: on CNN and I decided I can't chance that. 45 00:03:35,669 --> 00:03:39,809 Suze: But the good news about coming back to Florida is 46 00:03:39,820 --> 00:03:42,289 Suze: for some reason and I'm not sure why this is 47 00:03:42,300 --> 00:03:48,070 Suze: happening to me. I ended up needing another root canal, 48 00:03:48,080 --> 00:03:53,250 Suze: which I got on Friday. And the truth is if 49 00:03:53,259 --> 00:03:56,080 Suze: I hadn't been here, I would have had to come 50 00:03:56,089 --> 00:03:58,490 Suze: back and figure out how to do it anyway. So 51 00:03:58,500 --> 00:04:03,289 Suze: see everything works out for the best. However, I just 52 00:04:03,300 --> 00:04:05,039 Suze: have to mention this, 53 00:04:05,800 --> 00:04:10,880 Suze: you know, I love dental savings plans and you can 54 00:04:10,889 --> 00:04:13,619 Suze: find them at dental plans.com. 55 00:04:14,309 --> 00:04:19,109 Suze: And once again, I had a root canal done and 56 00:04:19,119 --> 00:04:24,529 Suze: it would have been $1650. And this one only cost 57 00:04:24,540 --> 00:04:30,328 Suze: me $1000 because I had a dental savings plan. 58 00:04:30,779 --> 00:04:33,678 Suze: But after you get a root canal done, you then 59 00:04:33,690 --> 00:04:36,410 Suze: have to go to the dentist so that they can 60 00:04:36,420 --> 00:04:39,750 Suze: patch up the tooth and fill it in with everything 61 00:04:39,760 --> 00:04:42,640 Suze: because that's not what a root canal doctor does. So 62 00:04:42,649 --> 00:04:46,760 Suze: now I go to my dentist and he patches that 63 00:04:46,769 --> 00:04:48,859 Suze: up and then he sees that I have another little 64 00:04:48,869 --> 00:04:52,269 Suze: cavity possibly. So he fills that. Then he sees that 65 00:04:52,279 --> 00:04:54,969 Suze: I had a little chip in my front tooth who 66 00:04:54,980 --> 00:04:57,920 Suze: even noticed that besides KT not me, but that's besides 67 00:04:57,928 --> 00:04:58,920 Suze: the point as well. 68 00:04:59,200 --> 00:05:02,899 Suze: And now I go to check out and they say 69 00:05:02,910 --> 00:05:04,519 Suze: it's gonna be $800. 70 00:05:05,450 --> 00:05:09,149 Suze: And I say, wait one second, I have a dental 71 00:05:09,160 --> 00:05:13,380 Suze: savings plan with Cigna and they said, oh, excuse me, Ms. Orman, 72 00:05:13,510 --> 00:05:17,549 Suze: they go back, they re-calculate. And now I only owe 73 00:05:17,559 --> 00:05:19,950 Suze: $500 for all that work. 74 00:05:20,850 --> 00:05:28,510 Suze: So, in one day I saved 900 almost $1000 75 00:05:29,339 --> 00:05:32,589 Suze: that without a dental savings plan I would have had 76 00:05:32,600 --> 00:05:33,470 Suze: to pay. 77 00:05:34,109 --> 00:05:37,670 Suze: And what does a dental savings plan cost per year? 78 00:05:37,709 --> 00:05:44,329 Suze: Approximately $100 or for a family plan? Maybe $170. But 79 00:05:44,339 --> 00:05:49,049 Suze: just for me in one visit, this visit that doesn't 80 00:05:49,059 --> 00:05:51,750 Suze: even include the last one a few weeks ago, the 81 00:05:51,760 --> 00:05:53,010 Suze: other root canal I had, 82 00:05:54,029 --> 00:05:58,190 Suze: I could pay for like five years of having a 83 00:05:58,200 --> 00:06:02,140 Suze: dental savings plan. So do you see you might wanna 84 00:06:02,149 --> 00:06:08,899 Suze: go to dental plans.com and check them out? That's one 85 00:06:08,910 --> 00:06:12,709 Suze: thing I wanted to say. Next, let's talk about taxes 86 00:06:12,850 --> 00:06:15,010 Suze: as you know, tomorrow 87 00:06:15,839 --> 00:06:19,329 Suze: taxes are due. Now, I am just going to make 88 00:06:19,339 --> 00:06:20,058 Suze: the assumption 89 00:06:20,750 --> 00:06:22,929 Suze: that if you are listening to the Women and Money 90 00:06:22,940 --> 00:06:26,099 Suze: podcast and everybody smart enough to listen. There is no 91 00:06:26,109 --> 00:06:30,339 Suze: way that any of you are stupid enough not to 92 00:06:30,350 --> 00:06:35,409 Suze: be at least filing your taxes tomorrow and hopefully at 93 00:06:35,420 --> 00:06:40,410 Suze: the same time paying what you owe them or if 94 00:06:40,420 --> 00:06:44,729 Suze: you can't do that, at least you're filing for an extension. 95 00:06:45,869 --> 00:06:48,559 Suze: So I'm not even gonna go into what the penalties 96 00:06:48,570 --> 00:06:51,359 Suze: are if you don't do that, that the current interest 97 00:06:51,369 --> 00:06:54,529 Suze: rate is 8% right now that compounds daily. I don't 98 00:06:54,540 --> 00:06:57,470 Suze: care about any of that. Because I know that all 99 00:06:57,480 --> 00:07:02,600 Suze: of you are smart enough to take tomorrow seriously and 100 00:07:02,609 --> 00:07:06,700 Suze: that you absolutely will file tomorrow. I do just have 101 00:07:06,709 --> 00:07:10,019 Suze: to say one thing if you don't file tomorrow and 102 00:07:10,029 --> 00:07:13,250 Suze: you think I, I'll file on Tuesday 103 00:07:13,739 --> 00:07:16,200 Suze: on April 16th. 104 00:07:17,059 --> 00:07:20,040 Suze: Do you know that one day counts for one month? 105 00:07:20,209 --> 00:07:22,959 Suze: So if you're just one day late, 106 00:07:23,799 --> 00:07:28,130 Suze: all the penalties and interest are assessed for an entire month, 107 00:07:28,149 --> 00:07:31,329 Suze: even though you're just one day late, just think about that. 108 00:07:31,609 --> 00:07:34,220 Suze: But again, that's not what I want to talk to 109 00:07:34,230 --> 00:07:34,779 Suze: you about. 110 00:07:35,600 --> 00:07:38,600 Suze: So many of you are going to be getting a 111 00:07:38,609 --> 00:07:40,399 Suze: refund this year 112 00:07:41,309 --> 00:07:48,839 Suze: and the average refund is $2753. And many of you 113 00:07:48,850 --> 00:07:50,170 Suze: are thrilled 114 00:07:50,809 --> 00:07:53,790 Suze: because it's like you're just saving money and they're gonna 115 00:07:53,799 --> 00:07:56,670 Suze: give it to you in one lump sum and now 116 00:07:56,679 --> 00:07:57,779 Suze: you have cash. 117 00:07:58,820 --> 00:08:02,480 Suze: But you know what you've done, you have given, if 118 00:08:02,489 --> 00:08:09,239 Suze: you're in that situation, an interest free loan to Uncle Sam, 119 00:08:09,570 --> 00:08:13,850 Suze: you're not even related to him, everybody. So for one 120 00:08:13,859 --> 00:08:18,920 Suze: year or approximately $229 a month, 121 00:08:19,929 --> 00:08:22,779 Suze: you and millions of others 122 00:08:23,540 --> 00:08:28,350 Suze: are letting the government keep your money for you. They're 123 00:08:28,359 --> 00:08:31,880 Suze: earning interest on it. They're making money on it, 124 00:08:32,619 --> 00:08:34,820 Suze: but you are not. 125 00:08:35,500 --> 00:08:39,439 Suze: So do you really want to give an interest free 126 00:08:39,599 --> 00:08:45,760 Suze: loan year in and year out to Uncle Sam? Especially 127 00:08:45,770 --> 00:08:50,489 Suze: when you could be taking that $229 a month and 128 00:08:50,500 --> 00:08:53,880 Suze: doing what, paying off, maybe your credit card debt and 129 00:08:53,890 --> 00:08:57,359 Suze: saving the high interest rate there, putting it towards your 130 00:08:57,369 --> 00:09:00,819 Suze: mortgage if you want to own your house outright, by 131 00:09:00,830 --> 00:09:02,140 Suze: the time you retire, 132 00:09:02,650 --> 00:09:06,939 Suze: maybe putting it towards your emergency fund and you yourself 133 00:09:06,950 --> 00:09:13,219 Suze: making 5% on that money or putting it in a 134 00:09:13,229 --> 00:09:17,880 Suze: Roth IRA start to fund your retirement account with it. 135 00:09:18,250 --> 00:09:21,520 Suze: There are so many things that you could be doing 136 00:09:21,530 --> 00:09:25,880 Suze: with that money rather than just letting them take out 137 00:09:25,890 --> 00:09:28,960 Suze: more money than what you're gonna owe simply for you 138 00:09:28,969 --> 00:09:31,559 Suze: to get a tax refund back. 139 00:09:32,020 --> 00:09:35,159 Suze: Now, many of you may say, but Suze, at least 140 00:09:35,169 --> 00:09:38,599 Suze: I'm gonna get $2700 back or whatever it may be. 141 00:09:39,109 --> 00:09:41,079 Suze: And then I'm like, what are you gonna do with it? 142 00:09:41,809 --> 00:09:43,510 Suze: And before you know it, 143 00:09:44,479 --> 00:09:48,590 Suze: it's all frittered away. You didn't save it, you didn't 144 00:09:48,599 --> 00:09:50,309 Suze: put it in a retirement account. 145 00:09:51,080 --> 00:09:54,179 Suze: Oh, you just probably put it in your savings account 146 00:09:54,190 --> 00:09:56,409 Suze: or your checking account or whatever you have and little 147 00:09:56,419 --> 00:09:58,140 Suze: by little it is gone. 148 00:09:58,799 --> 00:10:01,500 Suze: So I am just asking all of you if you're 149 00:10:01,510 --> 00:10:08,700 Suze: going to be getting a tax refund this year for 2023. 150 00:10:09,219 --> 00:10:13,799 Suze: Let's make this the last year that you ever get 151 00:10:13,809 --> 00:10:18,929 Suze: a tax refund and just adjust everything, your exemptions, everything 152 00:10:19,309 --> 00:10:25,330 Suze: so that you don't underpay, but you don't overpay as well. 153 00:10:26,070 --> 00:10:31,169 Suze: Next. All right, the stock market what the heck happened 154 00:10:31,179 --> 00:10:32,010 Suze: last week. 155 00:10:32,640 --> 00:10:35,869 Suze: I know a lot of you are thinking, well, inflation 156 00:10:35,880 --> 00:10:38,460 Suze: is going up. Oh, here we go again. Oh, my God, 157 00:10:38,469 --> 00:10:43,618 Suze: I'm afraid. And it's true. CPI went up a little bit. 158 00:10:43,630 --> 00:10:46,289 Suze: Not a lot, but it did go up. It was hotter. 159 00:10:46,299 --> 00:10:47,659 Suze: Inflation is hotter 160 00:10:48,400 --> 00:10:52,309 Suze: for consumers than what the feds wanted. But then the 161 00:10:52,320 --> 00:10:56,039 Suze: producer price index came in and that was a little 162 00:10:56,049 --> 00:11:00,218 Suze: bit less. And on that day, on Thursday market went up, 163 00:11:00,229 --> 00:11:03,199 Suze: everything was great. It was as if it was going 164 00:11:03,210 --> 00:11:09,739 Suze: to even out. And on Friday, the market just blew 165 00:11:09,750 --> 00:11:15,250 Suze: its cookies and went down again. Why? 166 00:11:16,099 --> 00:11:20,640 Suze: Because everybody seems to be afraid and I think rightfully 167 00:11:20,650 --> 00:11:21,159 Suze: so 168 00:11:21,890 --> 00:11:26,299 Suze: that this weekend Iran is going to attack Israel. 169 00:11:27,429 --> 00:11:31,580 Suze: So because of the fear of war and what can 170 00:11:31,590 --> 00:11:35,200 Suze: happen if that goes on because President Biden has already 171 00:11:35,210 --> 00:11:37,689 Suze: warned Iran not to do that 172 00:11:38,559 --> 00:11:42,098 Suze: because why the United States is going to stick by 173 00:11:42,109 --> 00:11:47,109 Suze: Israel's side with that. According to President Biden and Bam, 174 00:11:47,239 --> 00:11:50,539 Suze: here we go and you never know what will happen. 175 00:11:50,989 --> 00:11:55,799 Suze: So because of that people aren't willing to risk their 176 00:11:55,809 --> 00:12:01,069 Suze: money anymore. But right now anyway, until that type of 177 00:12:01,080 --> 00:12:02,780 Suze: news settles down, 178 00:12:03,229 --> 00:12:08,380 Suze: that news is more unsettling to people than inflation being 179 00:12:08,390 --> 00:12:12,179 Suze: a little hot. Maybe it's not as hot for producers. 180 00:12:12,299 --> 00:12:16,270 Suze: That isn't what scares a lot of people really 181 00:12:17,020 --> 00:12:22,349 Suze: war really scares us. Now, when that happens, 182 00:12:23,320 --> 00:12:27,988 Suze: then people want their money safe and sound. And what 183 00:12:28,000 --> 00:12:31,369 Suze: do they do with it? They tend to put it 184 00:12:31,380 --> 00:12:32,530 Suze: in gold 185 00:12:33,200 --> 00:12:35,869 Suze: and gold is the only thing that has been really 186 00:12:35,880 --> 00:12:40,010 Suze: going up this week. And what's interesting is it's around 187 00:12:40,020 --> 00:12:44,059 Suze: $2300 an ounce right now. And it's projected to go 188 00:12:44,070 --> 00:12:49,599 Suze: as high as $2700 an ounce or $3000 an ounce. So, 189 00:12:49,609 --> 00:12:52,859 Suze: it absolutely can go up there. 190 00:12:53,809 --> 00:12:56,590 Suze: A lot of you have been intrigued and I talked 191 00:12:56,599 --> 00:12:59,348 Suze: about this on the segment I did with Erin Burnett 192 00:12:59,890 --> 00:13:05,830 Suze: about the fact that Costco is selling one ounce gold 193 00:13:05,840 --> 00:13:11,589 Suze: bars and they're 24 carat. So they're almost pure 194 00:13:12,320 --> 00:13:15,459 Suze: and you can go there, you can do it online. 195 00:13:15,570 --> 00:13:18,939 Suze: They're only giving, I think five per person and there's 196 00:13:18,950 --> 00:13:22,789 Suze: been like a stampede $200 million a month right now 197 00:13:22,859 --> 00:13:29,340 Suze: of people buying gold bars. Now, number one, if you're 198 00:13:29,349 --> 00:13:33,059 Suze: going to buy gold bars because you just wanna hold 199 00:13:33,070 --> 00:13:34,380 Suze: it in your hand 200 00:13:35,030 --> 00:13:37,689 Suze: and you're gonna buy it through Costco. 201 00:13:38,460 --> 00:13:42,059 Suze: The best way to buy it through Costco is if 202 00:13:42,070 --> 00:13:48,080 Suze: you are an executive member, which I think is $122 203 00:13:48,090 --> 00:13:51,479 Suze: a year. So then that gives you, I think 2% 204 00:13:51,489 --> 00:13:54,000 Suze: back on everything that you buy. But if you're going 205 00:13:54,010 --> 00:13:57,669 Suze: to buy something that is that expensive, you then would 206 00:13:57,679 --> 00:14:03,299 Suze: get 2% back for what you paid on the gold bar. Also, 207 00:14:03,409 --> 00:14:04,590 Suze: many of you 208 00:14:05,070 --> 00:14:08,619 Suze: may have credit cards that don't have limits on it 209 00:14:08,630 --> 00:14:12,059 Suze: for cash back or percentage back of what you buy. 210 00:14:12,359 --> 00:14:15,179 Suze: You might want to use your credit card that month 211 00:14:15,190 --> 00:14:18,229 Suze: to get a percentage back as well off of the 212 00:14:18,239 --> 00:14:22,380 Suze: gold bar that you buy. So Costco adds a little 213 00:14:22,390 --> 00:14:25,260 Suze: bit of a percentage on I think it's one or 2%. 214 00:14:25,609 --> 00:14:29,289 Suze: Um So that kind of evens it all out. But 215 00:14:29,299 --> 00:14:31,940 Suze: as I said on CNN 216 00:14:32,330 --> 00:14:37,599 Suze: remember when you actually own the commodity, a gold bar, 217 00:14:37,609 --> 00:14:39,419 Suze: for instance, in this case, 218 00:14:40,450 --> 00:14:45,450 Suze: you have to remember it's not gonna be insured. Something 219 00:14:45,460 --> 00:14:47,840 Suze: happens and it's in your house and all of a 220 00:14:47,849 --> 00:14:50,130 Suze: sudden it melts in a fire and don't think that 221 00:14:50,140 --> 00:14:53,450 Suze: didn't happen back in the Oakland Hills. Do you remember 222 00:14:53,460 --> 00:14:56,119 Suze: when they all burnt down? There were people who had 223 00:14:56,130 --> 00:14:59,010 Suze: a lot of gold in their homes in their safes 224 00:14:59,619 --> 00:15:02,820 Suze: and the safe got so hot that all the paper 225 00:15:02,830 --> 00:15:06,130 Suze: in it disintegrated and all the gold melted 226 00:15:07,070 --> 00:15:11,190 Suze: and then they had gold. It was a mess. So 227 00:15:11,200 --> 00:15:15,229 Suze: that's number one. So where are you going to keep it? 228 00:15:15,789 --> 00:15:19,929 Suze: And let's say all of a sudden gold skyrockets. It 229 00:15:19,940 --> 00:15:24,809 Suze: now goes up to $3300 an ounce, but now there's 230 00:15:24,820 --> 00:15:28,130 Suze: no threat of war. Everything has settled down and now 231 00:15:28,140 --> 00:15:31,789 Suze: you wanna go sell it. Where are you going to 232 00:15:31,799 --> 00:15:34,330 Suze: go and sell it? 233 00:15:35,010 --> 00:15:37,849 Suze: Because when you sell it, they'll also take a little 234 00:15:37,859 --> 00:15:40,609 Suze: fee for selling it, they'll have to weigh it. They'll 235 00:15:40,619 --> 00:15:44,849 Suze: have to make sure that it's still 24 karat gold. 236 00:15:45,599 --> 00:15:50,260 Suze: So it's not quite as easy as simply buying a 237 00:15:50,270 --> 00:15:56,510 Suze: gold ETF, and if you're going to buy a gold ETF, 238 00:15:56,520 --> 00:16:04,510 Suze: probably the most pure play on gold is the ETF GLD. 239 00:16:05,289 --> 00:16:09,429 Suze: So that's just something for you to think about up 240 00:16:09,440 --> 00:16:12,150 Suze: to you if you want to continue to buy it 241 00:16:12,159 --> 00:16:15,280 Suze: or not. But I really want to talk about the 242 00:16:15,289 --> 00:16:20,000 Suze: stock market and what's happening in it in terms of 243 00:16:20,179 --> 00:16:24,609 Suze: should you be freaked out or should you not? So 244 00:16:24,619 --> 00:16:27,200 Suze: I want all of you to listen to me closely 245 00:16:27,210 --> 00:16:30,020 Suze: right now. I want you to think about what you 246 00:16:30,030 --> 00:16:31,909 Suze: are invested in 247 00:16:32,750 --> 00:16:36,409 Suze: because the truth of the matter is that if you 248 00:16:36,419 --> 00:16:39,909 Suze: have years before you need this money and when I 249 00:16:39,919 --> 00:16:41,450 Suze: say need it, 250 00:16:42,150 --> 00:16:45,369 Suze: need it to pay off the mortgage on your home, 251 00:16:45,380 --> 00:16:49,359 Suze: need it to fund a college education for your children, 252 00:16:49,489 --> 00:16:52,250 Suze: need it for something like that. 253 00:16:53,130 --> 00:16:58,289 Suze: Not necessarily you just get older and therefore you need 254 00:16:58,299 --> 00:17:02,390 Suze: the income from it. No, I mean, need it where 255 00:17:02,400 --> 00:17:05,020 Suze: you have to cash out of the stocks that you 256 00:17:05,030 --> 00:17:07,989 Suze: have and put it into cash. 257 00:17:09,548 --> 00:17:15,788 Suze: Otherwise, if you have years and years until you need 258 00:17:15,798 --> 00:17:16,909 Suze: this money, 259 00:17:17,760 --> 00:17:22,119 Suze: then why in the world would you want this market 260 00:17:22,130 --> 00:17:26,420 Suze: to continue to go up and up and up and up? 261 00:17:27,670 --> 00:17:31,449 Suze: That means if you continue to dollar cost average as 262 00:17:31,459 --> 00:17:34,939 Suze: I've been asking all of you to do over time, 263 00:17:35,060 --> 00:17:39,129 Suze: whether it's one month, every three months, every five months, 264 00:17:39,140 --> 00:17:43,760 Suze: whatever it is, when you are seeing stocks that you, like, 265 00:17:43,770 --> 00:17:48,050 Suze: continue to go up and you are buying them, obviously 266 00:17:48,060 --> 00:17:51,129 Suze: you're buying them at a more expensive price. 267 00:17:51,819 --> 00:17:55,790 Suze: The true magic of dollar cost averaging is when you 268 00:17:55,800 --> 00:18:00,530 Suze: have purchased a stock, an ETF or a mutual fund 269 00:18:01,010 --> 00:18:05,839 Suze: and then it goes down in value and down in value. 270 00:18:05,849 --> 00:18:08,300 Suze: But you know, it's a good stock. You know, it's 271 00:18:08,310 --> 00:18:10,729 Suze: a good ETF, you know, it's a good mutual fund 272 00:18:10,739 --> 00:18:15,920 Suze: and over time it will go back up, then you 273 00:18:15,930 --> 00:18:18,550 Suze: are getting more bang for your buck. 274 00:18:19,270 --> 00:18:22,329 Suze: Now you are buying something that you really like and 275 00:18:22,339 --> 00:18:25,859 Suze: you want to have and you're buying it on sale 276 00:18:25,869 --> 00:18:30,810 Suze: and you're bringing the cost what you paid per share down. Now, 277 00:18:30,819 --> 00:18:34,680 Suze: if you also follow what I've said, and I've always 278 00:18:34,689 --> 00:18:39,879 Suze: said to you, I love dividend paying stocks. I love 279 00:18:39,890 --> 00:18:47,599 Suze: dividend ETFs, because in times when the market does go down, 280 00:18:48,819 --> 00:18:53,689 Suze: you're still getting a dividend, you're still getting income. And 281 00:18:53,699 --> 00:18:57,869 Suze: the truth of the matter is that dividends make up 282 00:18:57,880 --> 00:19:04,000 Suze: a good portion of your return, especially if you're reinvesting 283 00:19:04,010 --> 00:19:08,729 Suze: those dividends in the stock that you own. Now, some 284 00:19:08,739 --> 00:19:13,159 Suze: of you need to live off of your dividends, that's fine, 285 00:19:13,550 --> 00:19:15,319 Suze: but many of you don't. 286 00:19:16,089 --> 00:19:19,479 Suze: So even if you don't need to live off of them. 287 00:19:19,939 --> 00:19:26,050 Suze: Hopefully you are reinvesting them back into the stock and 288 00:19:26,060 --> 00:19:30,649 Suze: if the markets are going down and you're reinvesting your 289 00:19:30,660 --> 00:19:33,510 Suze: dividend that you're getting the cash that you're getting, that 290 00:19:33,520 --> 00:19:35,540 Suze: the company is paying out to you. 291 00:19:36,359 --> 00:19:42,020 Suze: Now, you're actually getting a higher yield on that money. 292 00:19:42,819 --> 00:19:45,989 Suze: Think about it if you buy a stock and I'm 293 00:19:46,000 --> 00:19:49,209 Suze: just gonna make this very simplistic and you buy it 294 00:19:49,219 --> 00:19:53,859 Suze: at $10 a share and it pays you, let's just 295 00:19:53,869 --> 00:20:00,438 Suze: say a 50 cent a year dividend for the entire year, 296 00:20:01,760 --> 00:20:06,500 Suze: you paid $10 it's giving you 50 cents a year. 297 00:20:06,569 --> 00:20:09,290 Suze: That's a 5% return on your money. 298 00:20:09,989 --> 00:20:15,189 Suze: But now all of a sudden that $10 stock goes 299 00:20:15,199 --> 00:20:20,250 Suze: down to $5 but that stock is still paying a 300 00:20:20,260 --> 00:20:22,689 Suze: 50 cent dividend. 301 00:20:23,489 --> 00:20:29,390 Suze: Now, that means you are getting 10% a year on 302 00:20:29,400 --> 00:20:30,270 Suze: your money. 303 00:20:31,099 --> 00:20:36,170 Suze: That's a big deal. So, actually on a dividend paying 304 00:20:36,180 --> 00:20:40,510 Suze: stock that holds the dividend, it doesn't decrease the dividend 305 00:20:40,680 --> 00:20:43,718 Suze: and it's only going down because the market itself is 306 00:20:43,729 --> 00:20:48,708 Suze: going down. Not because the company, something's going wrong in 307 00:20:48,719 --> 00:20:51,569 Suze: the company. And now they need to cut dividends now. 308 00:20:51,989 --> 00:20:54,270 Suze: But where everything is good 309 00:20:54,920 --> 00:20:57,419 Suze: as a stock goes down 310 00:20:58,660 --> 00:21:02,439 Suze: and you're getting that dividend and you're buying more stock, 311 00:21:02,449 --> 00:21:06,949 Suze: you're actually increasing your overall yield as well. 312 00:21:07,910 --> 00:21:11,810 Suze: So I'd like you all right now really just to 313 00:21:11,819 --> 00:21:16,709 Suze: stay calm. Is it possible that these markets could absolutely 314 00:21:16,719 --> 00:21:20,969 Suze: continue down over the next week 2, 3 or year. Sure. 315 00:21:21,709 --> 00:21:25,859 Suze: the economy is good. We're in a good cycle. But 316 00:21:25,869 --> 00:21:29,369 Suze: if we have a war, if something happens and you 317 00:21:29,380 --> 00:21:34,650 Suze: have to invest as if something could happen at any 318 00:21:34,689 --> 00:21:35,729 Suze: time 319 00:21:36,660 --> 00:21:42,290 Suze: because it could September 11th, 2001 happened, 320 00:21:43,849 --> 00:21:48,650 Suze: it could happen at any time. And when something happens, 321 00:21:48,729 --> 00:21:53,479 Suze: you have to know that you can last that period 322 00:21:53,489 --> 00:21:57,389 Suze: of time from when something goes way down, all the 323 00:21:57,400 --> 00:22:01,160 Suze: way back up again. And having stocks invested in dividends 324 00:22:01,170 --> 00:22:05,040 Suze: or ETFs is a nice way to allow that to 325 00:22:05,050 --> 00:22:09,180 Suze: happen for you. If you think back on time, 326 00:22:10,040 --> 00:22:13,900 Suze: the major money that was made in the stock market 327 00:22:13,910 --> 00:22:21,040 Suze: of recent times happened twice, it happened in 2008, 2009 328 00:22:21,050 --> 00:22:25,500 Suze: when these markets crashed and they crashed big, what happened 329 00:22:25,510 --> 00:22:27,329 Suze: last week was not a crash. 330 00:22:28,310 --> 00:22:33,489 Suze: And as they went down, things went down so much. 331 00:22:33,500 --> 00:22:34,889 Suze: I can't even tell you 332 00:22:35,699 --> 00:22:39,170 Suze: for people who had the money and could go in 333 00:22:39,180 --> 00:22:44,890 Suze: and buy at that time or they just held on, 334 00:22:45,500 --> 00:22:49,800 Suze: they did not sell, they just held on 335 00:22:50,750 --> 00:22:56,438 Suze: over time. Those stocks came roaring back and people who 336 00:22:56,449 --> 00:22:59,739 Suze: were dollar cost averaging through that time as well, made 337 00:22:59,750 --> 00:23:05,198 Suze: so much money all the way through to like 2019. 338 00:23:05,270 --> 00:23:11,260 Suze: When then what happened? 2020 the pandemic came around and again, 339 00:23:11,270 --> 00:23:18,319 Suze: if you remember many, many stocks crashed, especially energy stocks, 340 00:23:18,969 --> 00:23:23,599 Suze: they went down to almost like 10 $20. They were 341 00:23:23,609 --> 00:23:25,229 Suze: all the way down there. 342 00:23:26,709 --> 00:23:30,589 Suze: And if you had held on to Exxon Chevron, if 343 00:23:30,599 --> 00:23:35,390 Suze: you had been purchasing stocks like that, purchasing the XLE 344 00:23:35,959 --> 00:23:40,468 Suze: that came down dramatically, the ETF for energy and you 345 00:23:40,479 --> 00:23:45,670 Suze: had simply held on today, you would have made so 346 00:23:45,680 --> 00:23:50,669 Suze: much money, at least on paper. I can't even tell you. 347 00:23:51,520 --> 00:23:56,920 Suze: So the key is to hold and be bold to 348 00:23:56,930 --> 00:24:02,359 Suze: be brave to have conviction in what you own. And 349 00:24:02,369 --> 00:24:05,900 Suze: if you don't have conviction in it, then you should 350 00:24:05,910 --> 00:24:06,780 Suze: be selling it 351 00:24:07,530 --> 00:24:12,030 Suze: because these are things, these are your assets that you own. 352 00:24:12,640 --> 00:24:16,829 Suze: And again, especially if they're giving you dividends and especially 353 00:24:16,839 --> 00:24:19,310 Suze: as they are going down, 354 00:24:20,069 --> 00:24:25,510 Suze: you are buying more in the long run. You should 355 00:24:25,520 --> 00:24:28,919 Suze: be ok. Now, what is the long run? Hey, it 356 00:24:28,930 --> 00:24:31,819 Suze: could be three years, could be four years. It could 357 00:24:31,829 --> 00:24:32,989 Suze: be five years 358 00:24:33,670 --> 00:24:38,129 Suze: or more, which is why I have always said for 359 00:24:38,140 --> 00:24:43,939 Suze: those of you who need your money within five years, 360 00:24:44,099 --> 00:24:47,329 Suze: that is not money that should be invested in the 361 00:24:47,339 --> 00:24:50,650 Suze: stock market because a lot of times it will take 362 00:24:50,660 --> 00:24:54,520 Suze: five years to go from its high to its low, 363 00:24:54,530 --> 00:24:58,410 Suze: back up to its high again. And once again, I 364 00:24:58,420 --> 00:25:01,619 Suze: will always repeat this. What do I mean when I 365 00:25:01,630 --> 00:25:02,770 Suze: say need 366 00:25:03,229 --> 00:25:07,569 Suze: you need to sell because you need cash in order 367 00:25:07,579 --> 00:25:11,530 Suze: to buy something. That's the definition of you need your 368 00:25:11,540 --> 00:25:12,050 Suze: money 369 00:25:12,829 --> 00:25:17,389 Suze: if you're in retirement and this money is invested in 370 00:25:17,400 --> 00:25:22,069 Suze: dividend paying stocks that are paying you good dividends and 371 00:25:22,079 --> 00:25:24,239 Suze: you don't need to cash it out. 372 00:25:25,000 --> 00:25:29,109 Suze: You just keep it even if you are in retirement, 373 00:25:29,329 --> 00:25:32,629 Suze: some of the best investments you can make even in 374 00:25:32,640 --> 00:25:39,189 Suze: your retirement years, obviously are in dividend paying stocks 375 00:25:40,300 --> 00:25:44,399 Suze: also that could give you growth, which keeps you up 376 00:25:44,410 --> 00:25:46,119 Suze: with inflation. 377 00:25:46,810 --> 00:25:50,500 Suze: So that's where we are right now. 378 00:25:51,310 --> 00:25:54,969 Suze: I don't want you freaking out here. Don't let the 379 00:25:54,979 --> 00:25:58,410 Suze: people on the news or the people who are writing 380 00:25:58,420 --> 00:26:04,599 Suze: articles freak you out just stay the course. And as 381 00:26:04,609 --> 00:26:08,000 Suze: our good friend, Keith Fitzgerald says, you have to be 382 00:26:08,010 --> 00:26:09,250 Suze: in it to win it. 383 00:26:10,060 --> 00:26:14,040 Suze: But if you're in it, you can't be afraid because 384 00:26:14,050 --> 00:26:16,400 Suze: remember the goal of money is for you to be 385 00:26:16,410 --> 00:26:17,430 Suze: secure 386 00:26:18,520 --> 00:26:22,179 Suze: and if in it makes you insecure, then it's not 387 00:26:22,189 --> 00:26:22,810 Suze: worth it, 388 00:26:23,510 --> 00:26:28,449 Suze: then you learn to do other things such as treasuries 389 00:26:28,459 --> 00:26:33,949 Suze: or CDs, which brings us to our next topic: Treasuries. 390 00:26:34,790 --> 00:26:38,719 Suze: I do want to point out one huge difference between 391 00:26:38,729 --> 00:26:41,310 Suze: treasuries and CDS. 392 00:26:43,390 --> 00:26:48,819 Suze: With a treasury, you do not have a choice, especially 393 00:26:48,829 --> 00:26:50,599 Suze: a treasury note or bond. 394 00:26:51,270 --> 00:26:55,540 Suze: You do not have a choice whether they pay interest 395 00:26:55,550 --> 00:26:59,880 Suze: out to you or not. Every six months 396 00:27:00,750 --> 00:27:02,969 Suze: they pay interest out 397 00:27:03,810 --> 00:27:05,699 Suze: and you have to take it. 398 00:27:06,359 --> 00:27:09,900 Suze: So the interest that they are quoting you, 399 00:27:10,939 --> 00:27:14,140 Suze: that is what you are going to actually be making 400 00:27:14,219 --> 00:27:17,520 Suze: on your money with the fact that they're paying you 401 00:27:17,530 --> 00:27:21,650 Suze: out that interest every six months 402 00:27:22,729 --> 00:27:25,520 Suze: with a certificate of deposit. 403 00:27:26,760 --> 00:27:29,829 Suze: Let's talk about the one at Alliant for a second. 404 00:27:30,780 --> 00:27:37,270 Suze: You can absolutely take your interest out every month if 405 00:27:37,280 --> 00:27:41,979 Suze: you want up to you or you can leave it 406 00:27:41,989 --> 00:27:45,989 Suze: in there where it will compound for you 407 00:27:46,760 --> 00:27:52,949 Suze: and it compounds monthly for you. So that's the difference 408 00:27:53,290 --> 00:27:57,699 Suze: among many other differences between the interest rates that are 409 00:27:57,709 --> 00:28:03,069 Suze: quoted to you for a CD and a treasury. 410 00:28:03,719 --> 00:28:05,410 Suze: So for instance, 411 00:28:06,439 --> 00:28:10,609 Suze: when you look at the interest rate for, let's just 412 00:28:10,619 --> 00:28:15,550 Suze: say a 12 month certificate of deposit at Alliant credit union. 413 00:28:17,170 --> 00:28:20,949 Suze: If you take your interest out monthly 414 00:28:21,640 --> 00:28:26,739 Suze: and you're put in, let's say under $75,000 your interest 415 00:28:26,750 --> 00:28:30,500 Suze: rate is only 5.03%. 416 00:28:31,400 --> 00:28:37,020 Suze: If you leave your interest in there for the whole year, 417 00:28:37,729 --> 00:28:42,579 Suze: that's how you make the 5.15%. 418 00:28:43,780 --> 00:28:49,109 Suze: So when you're comparing the interest rate on a CD, 419 00:28:49,150 --> 00:28:53,959 Suze: with the interest on a treasury, you have to know 420 00:28:54,140 --> 00:28:59,079 Suze: which interest rate is comparable because if you're leaving your 421 00:28:59,089 --> 00:29:00,920 Suze: money in the CD 422 00:29:01,790 --> 00:29:06,109 Suze: and you're getting an interest rate that's not quite comparable 423 00:29:06,140 --> 00:29:10,310 Suze: to a treasury where your money is coming out every 424 00:29:10,319 --> 00:29:15,369 Suze: six months. So I want you just to take that 425 00:29:15,380 --> 00:29:21,069 Suze: into consideration when you're choosing right now between certificates of 426 00:29:21,079 --> 00:29:24,050 Suze: deposits and treasuries. 427 00:29:24,949 --> 00:29:28,310 Suze: So hopefully if you do have a treasury and they 428 00:29:28,319 --> 00:29:32,180 Suze: pay you out every six months. But you don't need 429 00:29:32,189 --> 00:29:33,650 Suze: that interest, 430 00:29:34,609 --> 00:29:37,449 Suze: that you take that interest and you put it somewhere 431 00:29:37,459 --> 00:29:42,689 Suze: where it makes interest so that you can compound that way. 432 00:29:43,390 --> 00:29:47,310 Suze: But in the long run, remember if you have a 433 00:29:47,319 --> 00:29:51,890 Suze: CD and you're not taking out your interest, the interest 434 00:29:51,900 --> 00:29:55,609 Suze: is making that money as well. It's compounding at that 435 00:29:55,969 --> 00:30:01,250 Suze: in a treasury. It doesn't compound the same way. 436 00:30:01,969 --> 00:30:04,670 Suze: So I just wanted to point that out for you 437 00:30:04,680 --> 00:30:08,750 Suze: if you are comparing rates, so 438 00:30:09,689 --> 00:30:12,829 Suze: many of you have taken the stay smart quiz on 439 00:30:12,839 --> 00:30:21,439 Suze: the Alliant Credit Union site, which is my myalliant.com 440 00:30:22,119 --> 00:30:26,380 Suze: and just five questions. Answer them. See, are you smart 441 00:30:26,390 --> 00:30:30,109 Suze: or not? When it comes to your money? Very, very easy. 442 00:30:30,329 --> 00:30:33,540 Suze: And then there's a place for you to enter your email. 443 00:30:33,790 --> 00:30:37,430 Suze: I just suggest that all of you do. So and 444 00:30:37,439 --> 00:30:40,819 Suze: one day shortly here, I'll be able to tell you why. 445 00:30:41,359 --> 00:30:45,699 Suze: So if I covered everything that I've wanted to cover, 446 00:30:45,709 --> 00:30:50,660 Suze: I think so for right now. But here's the bottom line, everybody, 447 00:30:51,130 --> 00:30:55,949 Suze: is that gold will probably continue up if you want 448 00:30:55,959 --> 00:30:57,609 Suze: to buy it. I still think the best way to 449 00:30:57,619 --> 00:31:00,099 Suze: buy it is just through an ETF but if you 450 00:31:00,109 --> 00:31:03,449 Suze: want to own the commodity, ok? But just be careful 451 00:31:03,459 --> 00:31:06,900 Suze: with it because if something happens, you lose it or whatever, 452 00:31:06,910 --> 00:31:12,150 Suze: it's not insured. All right, that's number one, the stock market, 453 00:31:12,880 --> 00:31:15,959 Suze: let the stock market do what the stock market is 454 00:31:15,969 --> 00:31:19,699 Suze: going to do, just make sure you're in good quality stocks. 455 00:31:19,709 --> 00:31:22,160 Suze: And that's another reason, by the way, I like when 456 00:31:22,170 --> 00:31:27,020 Suze: you have dividend paying stocks because as the market goes down, 457 00:31:27,199 --> 00:31:31,689 Suze: you're actually getting a higher dividend yield or interest rate, 458 00:31:31,979 --> 00:31:36,520 Suze: then treasuries and, or CDs are paying you and eventually 459 00:31:36,530 --> 00:31:40,680 Suze: those stocks will come up as well. One little caveat 460 00:31:40,689 --> 00:31:45,599 Suze: here is our energy stocks for now are really doing great. 461 00:31:46,010 --> 00:31:50,800 Suze: And why because of the threat of war when that 462 00:31:50,810 --> 00:31:53,630 Suze: is ended and things change there 463 00:31:54,699 --> 00:31:59,390 Suze: don't be surprised to see those go down as well. 464 00:32:00,170 --> 00:32:03,150 Suze: So we have the stock market. You now know what 465 00:32:03,160 --> 00:32:06,800 Suze: to look at Treasuries and CDs with. And I hope 466 00:32:06,810 --> 00:32:14,310 Suze: you found this Suze podcast illuminating. But until Thursday when Ms. 467 00:32:14,319 --> 00:32:17,689 Suze: Travis joins us again, there's only one thing that I 468 00:32:17,699 --> 00:32:19,650 Suze: want you to remember when it comes to your money 469 00:32:19,660 --> 00:32:23,589 Suze: and it is this people first, then money, 470 00:32:23,930 --> 00:32:30,670 Suze: then things now you stay safe and unstoppable.