1 00:00:33,979 --> 00:00:41,360 Suze: December 11th 2022. Hi everybody, welcome to the Women and 2 00:00:41,360 --> 00:00:46,570 Suze: Money podcast, and everybody smart enough to listen. Suze O here. 3 00:00:46,580 --> 00:00:49,200 Suze: And first of all, we want to welcome all of 4 00:00:49,200 --> 00:00:52,660 Suze: you who are joining the Women and Money podcast. You're 5 00:00:52,659 --> 00:00:56,810 Suze: finally finding me, aren't you? I'm getting emails going, 6 00:00:57,030 --> 00:01:01,360 Suze: are you telling me you went from CNBC and now 7 00:01:01,360 --> 00:01:06,230 Suze: here you are on a podcast and I didn't even know? Yeah, 8 00:01:06,240 --> 00:01:10,850 Suze: that's right. That's what happened there. Although the CNBC shows 9 00:01:10,860 --> 00:01:16,950 Suze: everybody you can watch all 600 of them fabulous on freevee. 10 00:01:17,730 --> 00:01:20,330 Suze: It's just something you all should do. But yes, so 11 00:01:20,330 --> 00:01:24,880 Suze: welcome all of you who are joining us 12 00:01:25,290 --> 00:01:31,169 Suze: and today's is always dedicated to what we call Suze 13 00:01:31,170 --> 00:01:37,319 Suze: School because this drops on Sunday morning. So Thursday's when 14 00:01:37,319 --> 00:01:41,380 Suze: we drop the podcast, it's Ask KT and Suze Anything. 15 00:01:41,390 --> 00:01:46,089 Suze: On Sundays when we drop the podcast, it's always Suze 16 00:01:46,090 --> 00:01:50,220 Suze: School in the hopes that I can teach you 17 00:01:50,670 --> 00:01:54,220 Suze: how to be smarter and stronger and more secure and 18 00:01:54,220 --> 00:01:59,310 Suze: more powerful really with your money. Because I firmly believe 19 00:01:59,320 --> 00:02:01,920 Suze: that you are never powerful in life until you are 20 00:02:01,920 --> 00:02:04,870 Suze: powerful over your own money. How you think about it, 21 00:02:04,880 --> 00:02:07,550 Suze: How you feel about it, how you act with it 22 00:02:07,870 --> 00:02:13,600 Suze: and how you invest it. So this whole podcast is 23 00:02:13,600 --> 00:02:14,590 Suze: dedicated 24 00:02:15,400 --> 00:02:19,570 Suze: to making you stronger, to making you smarter, to making 25 00:02:19,570 --> 00:02:24,980 Suze: you more secure and to making you financially independent. So 26 00:02:24,980 --> 00:02:28,889 Suze: you can make your own financial decisions so that you 27 00:02:28,889 --> 00:02:32,530 Suze: can own the power to control your destiny. 28 00:02:33,880 --> 00:02:36,100 Suze: I must be in quite a mood this morning. I'm 29 00:02:36,100 --> 00:02:40,030 Suze: already preaching and we've just gone to Suze church. What 30 00:02:40,030 --> 00:02:43,510 Suze: do we just do there anyway? We welcome all of 31 00:02:43,510 --> 00:02:45,460 Suze: you also... 32 00:02:46,000 --> 00:02:50,459 Suze: we're welcoming all of you who have yet to participate 33 00:02:50,470 --> 00:02:56,770 Suze: in the Suze Holiday sweepstakes. And this is a sweepstakes 34 00:02:56,770 --> 00:03:01,130 Suze: that ends in just four days. You only have four 35 00:03:01,130 --> 00:03:05,350 Suze: days till December 15 to be part of this. And 36 00:03:05,350 --> 00:03:09,120 Suze: this sweepstakes is very easy. All you have to do 37 00:03:09,120 --> 00:03:13,269 Suze: is become a member of Alliant Credit Union 38 00:03:14,000 --> 00:03:18,120 Suze: and you are automatically then entered into the sweepstakes. So 39 00:03:18,120 --> 00:03:22,670 Suze: if you're already a member, you're already automatically entered and 40 00:03:22,680 --> 00:03:26,589 Suze: one of you, no in fact two of you, 41 00:03:27,310 --> 00:03:34,440 Suze: will win $10,000 each. It will be put directly into 42 00:03:34,440 --> 00:03:37,500 Suze: your account. Which is why we need you to become 43 00:03:37,510 --> 00:03:41,190 Suze: a member and open up an account, it doesn't cost 44 00:03:41,190 --> 00:03:44,410 Suze: you anything to be a member. Just go to my 45 00:03:44,580 --> 00:03:51,100 Suze: Alliant dot com and become a member, join absolutely free. Alright, 46 00:03:51,110 --> 00:03:52,930 Suze: that's one. Two: 47 00:03:54,000 --> 00:03:57,910 Suze: for those of you who already are a member. Remember 48 00:03:57,910 --> 00:04:01,670 Suze: you've automatically, like I said been entered into the sweepstakes. 49 00:04:01,830 --> 00:04:05,980 Suze: But if you want extra entries you should have gotten 50 00:04:05,990 --> 00:04:08,380 Suze: an email with a link so that you could give 51 00:04:08,380 --> 00:04:10,970 Suze: that to friends and family members. And if they just 52 00:04:10,980 --> 00:04:12,530 Suze: opened up an account 53 00:04:12,760 --> 00:04:17,720 Suze: they were entered and you got another entry. If you 54 00:04:17,720 --> 00:04:21,700 Suze: don't have that link, go to My Alliant, A L 55 00:04:21,710 --> 00:04:26,340 Suze: L I A N T dot com slash Suze S. U. 56 00:04:26,350 --> 00:04:29,730 Suze: Z E. All right, here we go. 57 00:04:30,510 --> 00:04:34,570 Suze: You know, way back in 1980 now, I may have 58 00:04:34,570 --> 00:04:38,370 Suze: told you this story and one of the hundreds and 59 00:04:38,370 --> 00:04:42,770 Suze: hundreds and hundreds and hundreds of podcasts that I've done. 60 00:04:42,779 --> 00:04:47,030 Suze: But there's a reason that I'm telling you it again today. 61 00:04:48,029 --> 00:04:51,589 Suze: And when I first started as a stockbroker, 62 00:04:52,980 --> 00:04:55,860 Suze: I didn't know anything about money. Do you all remember, 63 00:04:55,870 --> 00:05:00,910 Suze: I was a waitress for seven years, making $400 a 64 00:05:00,910 --> 00:05:05,150 Suze: month until I was approximately 30 years of age. What 65 00:05:05,160 --> 00:05:12,950 Suze: did I know about money? Nothing, nothing, nothing, nothing, nothing, nothing. Okay, everybody. 66 00:05:12,980 --> 00:05:15,710 Suze: So here I am. And if you don't know my story, 67 00:05:15,710 --> 00:05:17,490 Suze: it's somewhere out there, I'm sure. 68 00:05:17,620 --> 00:05:21,109 Suze: Right, I get hired as a stock broker at Merrill Lynch, 69 00:05:21,110 --> 00:05:25,060 Suze: again in my opinion, simply to fill their women's quota 70 00:05:25,960 --> 00:05:30,310 Suze: and here I am. And I'm with like 100 men. 71 00:05:30,720 --> 00:05:35,130 Suze: I'm the only woman stockbroker at that time and I 72 00:05:35,130 --> 00:05:37,490 Suze: didn't know. What do you do do you buy? Do 73 00:05:37,600 --> 00:05:41,460 Suze: I had no idea what to do. And I would 74 00:05:41,460 --> 00:05:44,900 Suze: go into the sales meetings and I would listen to 75 00:05:44,900 --> 00:05:48,130 Suze: all these people come and tell you what stock to 76 00:05:48,130 --> 00:05:51,820 Suze: buy and this and that. And somehow in my gut, 77 00:05:52,279 --> 00:05:54,440 Suze: I would always say to myself, how do I know 78 00:05:54,440 --> 00:05:57,339 Suze: I can trust this person? I don't know this person, 79 00:05:57,350 --> 00:06:00,270 Suze: Why are they telling me to do this to do that? 80 00:06:00,279 --> 00:06:02,950 Suze: I just didn't really understand it. 81 00:06:03,700 --> 00:06:09,960 Suze: But remember, I was a California person from san Francisco, 82 00:06:10,070 --> 00:06:13,790 Suze: I had left the University of Illinois in a Ford 83 00:06:13,790 --> 00:06:19,260 Suze: Econoline van before I even graduated. in 1973 headed out 84 00:06:19,260 --> 00:06:22,799 Suze: to Berkeley California and with my girlfriend at the time, 85 00:06:22,800 --> 00:06:26,490 Suze: Lori Seligman, we lived on the streets of Berkeley California 86 00:06:26,500 --> 00:06:27,820 Suze: in that van 87 00:06:28,279 --> 00:06:31,680 Suze: until we landed my dream job, a waitress at the 88 00:06:31,680 --> 00:06:37,089 Suze: buttercup bakery, where I was, that waitress until 1980. Okay, 89 00:06:37,520 --> 00:06:40,190 Suze: that made a very long story short, 90 00:06:40,850 --> 00:06:41,480 Suze: So 91 00:06:42,240 --> 00:06:46,500 Suze: in California, in San Francisco, in Berkeley, 92 00:06:47,290 --> 00:06:51,210 Suze: you know, you believed in astrology, you believed in psychics, 93 00:06:51,220 --> 00:06:55,580 Suze: you believed in crystals and all of that stuff. And 94 00:06:55,580 --> 00:06:57,849 Suze: on some level, I still do just so, you know, 95 00:06:57,860 --> 00:06:59,430 Suze: but that's besides the point. 96 00:07:00,000 --> 00:07:04,159 Suze: You wanted to know, you know about the inner workings 97 00:07:04,170 --> 00:07:07,589 Suze: of something, not just the outer workings of it. 98 00:07:08,480 --> 00:07:10,429 Suze: So during that time 99 00:07:11,030 --> 00:07:15,230 Suze: that I was a waitress, I had gotten involved in 100 00:07:15,230 --> 00:07:20,940 Suze: crystals and where I would attach a tiny little crystal 101 00:07:20,950 --> 00:07:22,960 Suze: to the end of a rope 102 00:07:23,570 --> 00:07:29,429 Suze: and I would ask it a question and if it swung clockwise, 103 00:07:29,440 --> 00:07:33,850 Suze: I would know that was a yes, if it swung counterclockwise, 104 00:07:33,860 --> 00:07:36,040 Suze: I would know that as a no, and if it 105 00:07:36,040 --> 00:07:38,980 Suze: just stayed there, I would know that was an answer 106 00:07:38,980 --> 00:07:44,310 Suze: and don't do anything now I learned this through my acupuncturist, 107 00:07:44,590 --> 00:07:47,090 Suze: because again, in California 108 00:07:48,020 --> 00:07:51,180 Suze: acupuncture was all over the place. And I was having 109 00:07:51,180 --> 00:07:54,520 Suze: trouble breathing back then, and, and blah, blah blah with 110 00:07:54,520 --> 00:07:57,900 Suze: my lungs and so I would go to an acupuncturist 111 00:07:57,980 --> 00:08:01,370 Suze: and they would do that with me. They would swing 112 00:08:01,370 --> 00:08:03,720 Suze: a crystal over me to see where was I weak? 113 00:08:03,720 --> 00:08:06,730 Suze: Where was I strong? So that's where I picked up 114 00:08:06,740 --> 00:08:08,420 Suze: that idea. 115 00:08:09,250 --> 00:08:12,880 Suze: So now here I am at Merrill Lynch, a stockbroker 116 00:08:13,150 --> 00:08:14,740 Suze: and I decided 117 00:08:15,670 --> 00:08:18,970 Suze: I know what I can trust, I can trust my 118 00:08:18,970 --> 00:08:20,270 Suze: little crystal. 119 00:08:21,150 --> 00:08:24,430 Suze: So I would then look at different stocks that I 120 00:08:24,430 --> 00:08:27,750 Suze: thought were stocks that I would want, my clients to buy. 121 00:08:28,220 --> 00:08:31,410 Suze: There were actually stocks that I wished I could buy 122 00:08:31,420 --> 00:08:34,160 Suze: if in fact I had the money to do so, 123 00:08:34,160 --> 00:08:35,490 Suze: which I did not. 124 00:08:36,650 --> 00:08:40,699 Suze: And so then I would look at those stocks and 125 00:08:40,710 --> 00:08:44,380 Suze: I would hold my little crystal on this little rope 126 00:08:44,390 --> 00:08:49,099 Suze: over those stocks, one at a time and I would ask, 127 00:08:49,110 --> 00:08:53,080 Suze: should I buy this or should I not? And depending 128 00:08:53,090 --> 00:08:56,030 Suze: on which way it would swing 129 00:08:56,929 --> 00:09:00,060 Suze: is what I would do. 130 00:09:00,850 --> 00:09:03,420 Suze: Now a lot of the ideas for those stocks that 131 00:09:03,420 --> 00:09:06,560 Suze: I got, I got at the sales meetings once a 132 00:09:06,559 --> 00:09:10,660 Suze: week or I got from other financial advisors, 133 00:09:11,190 --> 00:09:15,470 Suze: but I always needed to check it out myself. 134 00:09:16,160 --> 00:09:20,209 Suze: And after a few months of doing this, what would 135 00:09:20,210 --> 00:09:24,929 Suze: happen is all the stocks that the crystal told me 136 00:09:24,929 --> 00:09:29,100 Suze: to buy, which I did for my clients that would 137 00:09:29,100 --> 00:09:33,199 Suze: come to me that had money would go up all 138 00:09:33,200 --> 00:09:37,449 Suze: the stocks that the crystal said I shouldn't buy would 139 00:09:37,450 --> 00:09:38,830 Suze: go down. 140 00:09:40,040 --> 00:09:40,730 Suze: Now 141 00:09:41,480 --> 00:09:45,550 Suze: what started to happen is because I was a new broker, 142 00:09:45,630 --> 00:09:48,820 Suze: you would sit in these little cubicles where you would 143 00:09:48,820 --> 00:09:51,969 Suze: share what was called a Quotetron machine where all the 144 00:09:51,980 --> 00:09:54,410 Suze: quotes of all the stocks would come up with the 145 00:09:54,410 --> 00:09:57,239 Suze: person right next to you, you were right in front 146 00:09:57,240 --> 00:09:59,990 Suze: of somebody that was right behind you. So there would 147 00:09:59,990 --> 00:10:03,900 Suze: be like four or six of you that could hear 148 00:10:03,910 --> 00:10:07,689 Suze: everything that you were doing knowing you were buying something, 149 00:10:07,690 --> 00:10:09,520 Suze: knowing you were selling something 150 00:10:09,650 --> 00:10:13,630 Suze: and so you all were very financially intimate, so to say, 151 00:10:13,640 --> 00:10:18,450 Suze: with each other's moves. And the other brokers started to 152 00:10:18,450 --> 00:10:22,860 Suze: notice that the stocks that they were buying from that 153 00:10:22,860 --> 00:10:26,800 Suze: meeting they were going down and that I had chosen 154 00:10:26,800 --> 00:10:28,570 Suze: not to buy those stocks 155 00:10:29,580 --> 00:10:33,849 Suze: and the stocks that I did buy that were going up, 156 00:10:33,870 --> 00:10:36,800 Suze: they may have decided not to buy it. So they 157 00:10:36,800 --> 00:10:41,320 Suze: started to see the crystal all the time and they 158 00:10:41,330 --> 00:10:45,980 Suze: wanted me to ask about them and the crystal and 159 00:10:45,980 --> 00:10:47,809 Suze: which stocks they should buy. 160 00:10:48,840 --> 00:10:51,390 Suze: What happened at that moment 161 00:10:52,210 --> 00:10:55,290 Suze: is that I had this gut thing of don't do 162 00:10:55,290 --> 00:10:57,360 Suze: that Suze, you shouldn't do that. 163 00:10:58,050 --> 00:11:00,809 Suze: But I had this realization 164 00:11:01,450 --> 00:11:05,470 Suze: that this little crystal on this little rope 165 00:11:06,179 --> 00:11:10,980 Suze: wasn't telling me what to do. I was telling the 166 00:11:10,980 --> 00:11:16,740 Suze: crystal what to do by my energy. I realized that 167 00:11:16,750 --> 00:11:18,860 Suze: I was the crystal. 168 00:11:19,460 --> 00:11:23,819 Suze: So at that moment in time I told everybody I'm 169 00:11:23,820 --> 00:11:27,860 Suze: not using the crystal anymore so I can't help you. 170 00:11:29,110 --> 00:11:32,130 Suze: And I then started to count 171 00:11:32,710 --> 00:11:35,910 Suze: on what I was feeling my own research and what 172 00:11:35,910 --> 00:11:37,300 Suze: I was thinking about it. 173 00:11:37,880 --> 00:11:40,059 Suze: Then as time went on 174 00:11:40,679 --> 00:11:46,000 Suze: I realized that in picking stocks, in deciding on the 175 00:11:46,000 --> 00:11:50,750 Suze: direction of the stock market, the economy all of that, 176 00:11:50,940 --> 00:11:56,100 Suze: you needed more information than just feelings about it. 177 00:11:56,730 --> 00:12:03,380 Suze: Because the stocks were dictated by the economic circumstances at 178 00:12:03,390 --> 00:12:07,800 Suze: the time. So you really needed to know about numbers, 179 00:12:07,809 --> 00:12:12,550 Suze: all kinds of things you needed to know and how 180 00:12:12,550 --> 00:12:14,330 Suze: would the economy 181 00:12:14,870 --> 00:12:19,590 Suze: affect the stocks that I wanted my clients to buy? 182 00:12:20,410 --> 00:12:24,360 Suze: In buying a stock. Alright. Get out your notebooks. Everybody 183 00:12:24,860 --> 00:12:25,860 Suze: get them out 184 00:12:26,780 --> 00:12:29,470 Suze: because this is a little bit different of a Suze 185 00:12:29,470 --> 00:12:30,530 Suze: School today. 186 00:12:31,570 --> 00:12:34,390 Suze: Well, they're kind of all different aren't they? I make 187 00:12:34,390 --> 00:12:37,229 Suze: myself laugh anyway. So 188 00:12:37,860 --> 00:12:41,240 Suze: when it comes to buying a stock 189 00:12:41,929 --> 00:12:47,710 Suze: There are two gauges, so to speak, that most professionals 190 00:12:47,720 --> 00:12:48,500 Suze: use 191 00:12:49,260 --> 00:12:52,550 Suze: And they actually should be gauges that all of you 192 00:12:52,559 --> 00:12:55,580 Suze: should use as well. But I have to tell you 193 00:12:55,740 --> 00:12:59,790 Suze: they're not so easy. For instance I think it was 194 00:12:59,790 --> 00:13:02,910 Suze: last Sunday or the Sunday before that. And by the 195 00:13:02,910 --> 00:13:06,580 Suze: way are all of you following me on the Women 196 00:13:06,580 --> 00:13:10,929 Suze: and Money app? On, you know the update section my 197 00:13:10,929 --> 00:13:15,570 Suze: wall because I told you all I would be giving 198 00:13:15,580 --> 00:13:17,580 Suze: market updates there. 199 00:13:18,200 --> 00:13:22,260 Suze: I would be telling you information that I needed you 200 00:13:22,260 --> 00:13:23,189 Suze: to know 201 00:13:24,809 --> 00:13:29,760 Suze: between podcasts. So you all should be going to Apple 202 00:13:29,770 --> 00:13:33,949 Suze: apps or Google play downloading the Women and Money app 203 00:13:34,580 --> 00:13:39,170 Suze: And following along there. Look to where it says market updates. 204 00:13:39,800 --> 00:13:42,809 Suze: I'm commenting on energy and what I think is happening 205 00:13:43,220 --> 00:13:46,470 Suze: with it now and that the market would go down 206 00:13:46,470 --> 00:13:48,689 Suze: and the market did go down and then it was 207 00:13:48,690 --> 00:13:51,650 Suze: like be careful because I think now which I do 208 00:13:51,650 --> 00:13:55,010 Suze: by the way the market could very easily go up 209 00:13:55,020 --> 00:13:58,250 Suze: a little bit for the next week or whatever. 210 00:13:58,679 --> 00:14:02,620 Suze: But then I really think we're going back down again. 211 00:14:02,630 --> 00:14:06,790 Suze: So you best be following me on market updates on 212 00:14:06,800 --> 00:14:09,709 Suze: the Women and Money app when you go on you'll 213 00:14:09,710 --> 00:14:12,559 Suze: see all these little squares. It's really the first one 214 00:14:12,559 --> 00:14:16,880 Suze: that says updates and that we call the Suze Wall. 215 00:14:16,890 --> 00:14:23,530 Suze: Oh okay. What was I saying? Anyway, so lately I've 216 00:14:23,530 --> 00:14:24,870 Suze: been telling you 217 00:14:25,140 --> 00:14:28,930 Suze: about the support and resistance and those kind of things 218 00:14:28,930 --> 00:14:32,850 Suze: which are a certain type of indicator. And you've been 219 00:14:32,850 --> 00:14:36,240 Suze: writing me saying how do you figure those things out Suze? 220 00:14:36,340 --> 00:14:39,600 Suze: So I will be the first to tell you that 221 00:14:39,600 --> 00:14:43,650 Suze: it's not always easy but the information can be found. 222 00:14:44,040 --> 00:14:50,230 Suze: But sometimes it's better to let experts do that research 223 00:14:50,240 --> 00:14:53,990 Suze: for you. So there are two gauges 224 00:14:54,440 --> 00:14:58,810 Suze: that you normally look at before you buy a stock. 225 00:14:59,630 --> 00:15:02,300 Suze: The first gauge or indicator 226 00:15:03,010 --> 00:15:08,840 Suze: or analysis so to speak is called fundamental analysis. 227 00:15:09,550 --> 00:15:13,460 Suze: This is where you can look at: Who is the manager? 228 00:15:13,470 --> 00:15:16,370 Suze: What are the earnings of this company? What are the 229 00:15:16,380 --> 00:15:20,280 Suze: assets of this company? What are the liabilities of this company? 230 00:15:20,290 --> 00:15:22,540 Suze: And on and on and on. 231 00:15:23,370 --> 00:15:26,520 Suze: And those are things that are really easy for you 232 00:15:26,520 --> 00:15:31,850 Suze: to look up. In past podcast, we talked about the P. E. 233 00:15:31,850 --> 00:15:37,600 Suze: Ratio which is the price to earnings ratio. We looked 234 00:15:37,610 --> 00:15:39,840 Suze: at what is earnings per share 235 00:15:40,660 --> 00:15:44,350 Suze: and so all of those things have become really relevant 236 00:15:44,350 --> 00:15:50,080 Suze: and were always relevant in the fundamental indicators of a stock. 237 00:15:50,820 --> 00:15:58,050 Suze: The next gauge is something called technical analysis. Now listen closely. 238 00:15:58,750 --> 00:16:04,630 Suze: Technical analysis is a method of evaluating stocks 239 00:16:05,440 --> 00:16:10,480 Suze: by studying their past price. How many shares did they 240 00:16:10,480 --> 00:16:15,960 Suze: sell things like that? And the analysis is usually done 241 00:16:16,200 --> 00:16:23,700 Suze: using the charts of those companies. So every stock can 242 00:16:23,700 --> 00:16:28,850 Suze: be charted in many, many different ways and there are 243 00:16:28,850 --> 00:16:33,750 Suze: many financial indicators so many, it's not even funny, 244 00:16:34,490 --> 00:16:37,960 Suze: that a technical analyst will look at 245 00:16:38,600 --> 00:16:43,490 Suze: and then be able to identify patterns and trends in 246 00:16:43,490 --> 00:16:44,500 Suze: that data. 247 00:16:45,230 --> 00:16:52,150 Suze: And those identifications can be used to make predictions about 248 00:16:52,280 --> 00:16:59,860 Suze: the future direction of a securities price. However, technical analysis 249 00:16:59,860 --> 00:17:01,570 Suze: by its own, everybody, 250 00:17:02,150 --> 00:17:07,300 Suze: really is worthless unless you put it together with the 251 00:17:07,300 --> 00:17:10,610 Suze: fundamental analysis in my opinion. 252 00:17:11,280 --> 00:17:17,200 Suze: Which again focuses on the company's financial and economic fundamentals 253 00:17:17,210 --> 00:17:21,000 Suze: and then you can make a true investment decision. 254 00:17:22,230 --> 00:17:25,010 Suze: However, alright, 255 00:17:26,210 --> 00:17:30,459 Suze: fundamentals like I said in my opinion, are pretty easy 256 00:17:30,460 --> 00:17:33,530 Suze: to find out and know how to make a decision 257 00:17:33,540 --> 00:17:34,160 Suze: about it. 258 00:17:35,160 --> 00:17:40,350 Suze: But technical analysis is a whole other story 259 00:17:41,680 --> 00:17:47,320 Suze: And an important part of the equation of where everything 260 00:17:47,320 --> 00:17:52,350 Suze: is going and I would be very hard pressed to 261 00:17:52,350 --> 00:17:57,690 Suze: recommend a stock or a trend in the stock market 262 00:17:57,700 --> 00:18:03,290 Suze: or whatever it may be without having an opinion on 263 00:18:03,290 --> 00:18:05,220 Suze: technical analysis 264 00:18:06,190 --> 00:18:12,119 Suze: and what do the technical indicators say about this company 265 00:18:12,130 --> 00:18:16,330 Suze: maybe about Treasury Notes, whatever it may be. 266 00:18:17,480 --> 00:18:21,530 Suze: Now, my favorite technician currently 267 00:18:22,470 --> 00:18:26,320 Suze: is a woman by the name of Katie Stockton. Who 268 00:18:26,320 --> 00:18:30,080 Suze: is the founder of Fair Lead Strategies. And I have 269 00:18:30,080 --> 00:18:33,000 Suze: to tell you maybe she's only been doing this for 270 00:18:33,000 --> 00:18:38,929 Suze: 20 years. But this woman is seriously bright and if 271 00:18:38,930 --> 00:18:43,960 Suze: you turn on CNBC, she now is a contributor to CNBC, 272 00:18:44,619 --> 00:18:47,020 Suze: And you can watch her and what she says about 273 00:18:47,020 --> 00:18:50,380 Suze: things and you can really learn from her. 274 00:18:50,980 --> 00:18:57,630 Suze: Now her service that she offers is seriously expensive. So 275 00:18:57,630 --> 00:19:00,950 Suze: I don't expect any of you to go and buy 276 00:19:00,950 --> 00:19:04,260 Suze: her service. But somebody like me 277 00:19:05,170 --> 00:19:12,220 Suze: institutions, other serious financial advisors who want the best and 278 00:19:12,220 --> 00:19:17,510 Suze: they want to know certain technical analysis from somebody who 279 00:19:17,510 --> 00:19:20,609 Suze: really knows, then they would be interested in spending a 280 00:19:20,609 --> 00:19:25,080 Suze: whole lot of money on Katie Stockton at Fair Lead Strategies. 281 00:19:25,210 --> 00:19:27,750 Suze: But that's not the reason I'm telling you about her 282 00:19:28,760 --> 00:19:33,770 Suze: because I subscribe to everything she does by the way, 283 00:19:34,340 --> 00:19:37,909 Suze: the other day then I was able to attend a 284 00:19:37,910 --> 00:19:40,700 Suze: webinar that she put on 285 00:19:41,540 --> 00:19:46,030 Suze: featuring a woman by the name of Louise Yamada. 286 00:19:46,970 --> 00:19:51,370 Suze: Now, you may not know Louise Yamada, but in the 287 00:19:51,369 --> 00:19:57,220 Suze: world of technical analysis, Louise is a legend. I mean 288 00:19:57,230 --> 00:19:59,219 Suze: all of us used to just look at her going, 289 00:19:59,230 --> 00:20:01,230 Suze: oh my God, this woman is so bright. Oh, look 290 00:20:01,230 --> 00:20:05,399 Suze: at what she said, can it be? Now Louise has 291 00:20:05,400 --> 00:20:10,320 Suze: her own firm for 25 years. She led technical analysis. 292 00:20:10,320 --> 00:20:12,220 Suze: I think it was for Smith Barney and then went 293 00:20:12,220 --> 00:20:15,500 Suze: on when Smith Barney was... fabulous woman. 294 00:20:15,980 --> 00:20:19,010 Suze: But she's not just a fabulous woman because she's a 295 00:20:19,010 --> 00:20:22,380 Suze: fabulous woman and not just because everybody knows that in 296 00:20:22,380 --> 00:20:28,680 Suze: fact most of her clients are institutions. So many of 297 00:20:28,680 --> 00:20:34,510 Suze: the institutions, by the way that may be employing your 298 00:20:34,520 --> 00:20:40,370 Suze: financial advisors, probably subscribe to her services so that they 299 00:20:40,369 --> 00:20:42,020 Suze: can tell you all about it. 300 00:20:42,240 --> 00:20:47,410 Suze: But major institutions are mainly her clients. But she is 301 00:20:47,410 --> 00:20:54,340 Suze: seriously known for her long term calls. She's not in 302 00:20:54,340 --> 00:20:59,030 Suze: this to trade the market or anything like that. But 303 00:20:59,040 --> 00:21:03,070 Suze: what happens over the long term, because you need to 304 00:21:03,070 --> 00:21:05,850 Suze: know what's going to happen over the long term 305 00:21:06,830 --> 00:21:10,260 Suze: so that you have the right direction into where you 306 00:21:10,260 --> 00:21:15,450 Suze: should be investing over the long term. Now, some of 307 00:21:15,450 --> 00:21:18,790 Suze: her long term calls - just to give you an idea 308 00:21:18,800 --> 00:21:21,500 Suze: of how accurate this woman was, even though she's been 309 00:21:21,500 --> 00:21:25,270 Suze: doing this for far longer than where I'm going to start. 310 00:21:25,920 --> 00:21:29,850 Suze: Is, in 2007... before it even happened, 311 00:21:30,540 --> 00:21:35,240 Suze: I remember her saying that the financial sector meaning the banks, 312 00:21:35,240 --> 00:21:36,419 Suze: things like that 313 00:21:36,940 --> 00:21:42,480 Suze: are in a structural decline, be careful everybody. 314 00:21:43,470 --> 00:21:46,590 Suze: It was when I heard her say that 315 00:21:47,210 --> 00:21:49,410 Suze: that on the Suze Orman show, 316 00:21:50,790 --> 00:21:54,890 Suze: I was taking that as mortgages and everything else that 317 00:21:54,900 --> 00:21:59,840 Suze: makes banks money. So obviously real estate would be in trouble. 318 00:21:59,850 --> 00:22:03,660 Suze: I was telling everybody do not buy, sell your property, 319 00:22:03,660 --> 00:22:07,479 Suze: do not reinvest. That was the one line when I 320 00:22:07,480 --> 00:22:08,520 Suze: heard that 321 00:22:09,480 --> 00:22:11,070 Suze: that I knew 322 00:22:11,710 --> 00:22:16,570 Suze: that people should start getting out of real estate. Okay? 323 00:22:16,609 --> 00:22:19,990 Suze: In 2008 and 2009, 324 00:22:21,160 --> 00:22:26,880 Suze: before it even happened, Louise was saying that we are 325 00:22:26,880 --> 00:22:32,770 Suze: going to enter an equity bear market and to be careful. 326 00:22:34,050 --> 00:22:39,119 Suze: And that again is exactly what we were doing. And 327 00:22:39,119 --> 00:22:42,460 Suze: that is when if you watched the Suze Orman show, 328 00:22:43,030 --> 00:22:46,530 Suze: I was telling all of you to buy municipal bonds, 329 00:22:46,530 --> 00:22:51,420 Suze: to buy municipal bonds to get into municipal bonds. 330 00:22:52,170 --> 00:22:55,550 Suze: In fact, it was right around that time, 331 00:22:56,230 --> 00:22:58,600 Suze: that I was on the Today Show, I'm sure you 332 00:22:58,600 --> 00:23:02,180 Suze: can find all this stuff and somebody I can't remember 333 00:23:02,180 --> 00:23:04,290 Suze: if it was.. Who Wants To Be... I forget which game show 334 00:23:04,290 --> 00:23:08,290 Suze: it was, but they won $1 million. And I was 335 00:23:08,290 --> 00:23:12,070 Suze: one of the questions. Now they're on the Today Show 336 00:23:12,080 --> 00:23:15,609 Suze: to ask me what do I think that they should 337 00:23:15,609 --> 00:23:16,859 Suze: do with this money. 338 00:23:17,640 --> 00:23:21,560 Suze: And the very first thing I said was if you're 339 00:23:21,560 --> 00:23:24,180 Suze: going to stay in your house forever and you don't 340 00:23:24,180 --> 00:23:27,420 Suze: care about the value of it, you are to pay 341 00:23:27,420 --> 00:23:30,830 Suze: off the mortgage on your home period. 342 00:23:32,630 --> 00:23:35,790 Suze: And then it was like, don't go in the market, 343 00:23:35,800 --> 00:23:39,889 Suze: just municipal bonds, keep this money safe and sound okay. 344 00:23:40,600 --> 00:23:43,260 Suze: I've never gotten so much hate mail sent to me 345 00:23:43,270 --> 00:23:47,050 Suze: via the Today show saying what does Suze Orman know? 346 00:23:48,790 --> 00:23:51,050 Suze: That money should go in the stock market, look how 347 00:23:51,050 --> 00:23:55,030 Suze: the markets are going up, It's just crazy. They should 348 00:23:55,030 --> 00:23:58,659 Suze: they should be buying really the whole thing. Okay, I 349 00:23:58,660 --> 00:24:01,859 Suze: hope the person listened to me anyway... 350 00:24:02,600 --> 00:24:05,550 Suze: Then in March of 2009, 351 00:24:06,840 --> 00:24:11,139 Suze: she said that the equity bull market is going to start, 352 00:24:11,140 --> 00:24:16,230 Suze: we're going to have a reversal. I have to tell you, however, 353 00:24:16,640 --> 00:24:19,760 Suze: I was a little bit proud of myself because there 354 00:24:19,760 --> 00:24:24,770 Suze: was a contest at CNBC to call the bottom of 355 00:24:24,770 --> 00:24:29,070 Suze: the stock market using the S&P. And approximately when it 356 00:24:29,070 --> 00:24:33,709 Suze: would happen. And I called for it around 600 in 357 00:24:33,710 --> 00:24:36,060 Suze: May of 2009. 358 00:24:36,580 --> 00:24:41,590 Suze: So, my own instincts and everything else that I was using, 359 00:24:41,619 --> 00:24:46,350 Suze: they were right on target, just so you know. Louise 360 00:24:46,359 --> 00:24:50,750 Suze: also called the top of gold in 2013 and the 361 00:24:50,750 --> 00:24:57,910 Suze: structural decline of energy everybody in 2014. Now, 362 00:24:58,890 --> 00:25:03,910 Suze: why am I telling you about all this? Because the 363 00:25:03,910 --> 00:25:06,810 Suze: entire topic of this webinar, 364 00:25:07,380 --> 00:25:11,750 Suze: which was all about the reversal of the inverted yield 365 00:25:11,750 --> 00:25:15,609 Suze: curve with 10 year Treasuries 366 00:25:16,980 --> 00:25:23,129 Suze: and what direction are treasuries going to go is something 367 00:25:23,140 --> 00:25:29,530 Suze: that absolutely all of you are interested in. So, it's really, 368 00:25:29,530 --> 00:25:30,990 Suze: really important. 369 00:25:31,540 --> 00:25:36,580 Suze: So, I thought I would tell you what Louise said, which, 370 00:25:36,580 --> 00:25:40,240 Suze: by the way, matches with everything I've been saying and 371 00:25:40,240 --> 00:25:42,890 Suze: I'm not saying that to pat myself on the back, 372 00:25:42,900 --> 00:25:46,000 Suze: but I most certainly just did. All right. 373 00:25:46,890 --> 00:25:51,780 Suze: So Louise gets on, now there are very knowledgeable people 374 00:25:51,790 --> 00:25:54,870 Suze: on this call because they're all, you know, part of 375 00:25:54,869 --> 00:25:59,060 Suze: the services, they're all professionals. And the first thing she 376 00:25:59,060 --> 00:26:02,810 Suze: does is she does a chart going all the way 377 00:26:02,810 --> 00:26:08,660 Suze: back to 1700 to show the trends of interest rates 378 00:26:08,670 --> 00:26:12,199 Suze: in things such as Treasuries and blah, blah, blah. Even 379 00:26:12,200 --> 00:26:14,850 Suze: though I don't even know if Treasuries were back there 380 00:26:14,859 --> 00:26:15,960 Suze: at that time. 381 00:26:16,940 --> 00:26:23,480 Suze: Then she focused on equities and talked about how stocks 382 00:26:23,490 --> 00:26:32,140 Suze: essentially went nowhere up and down from approximately 1966 to 1982. 383 00:26:32,690 --> 00:26:36,790 Suze: They would go from about almost 1000 and 1966 or 384 00:26:36,790 --> 00:26:41,310 Suze: somewhere in the sixties there, you know, down to like 600. 385 00:26:41,310 --> 00:26:45,530 Suze: And then back up again. And in 1982, I'll never 386 00:26:45,530 --> 00:26:48,950 Suze: forget this. Although I can't remember when it happened, the 387 00:26:48,960 --> 00:26:53,690 Suze: Dow Jones industrial average crossed 1000. 388 00:26:54,540 --> 00:26:59,190 Suze: And I remember the entire floor of Merrill Lynch, where 389 00:26:59,190 --> 00:27:05,210 Suze: I was erupted in this explosion of joy that here 390 00:27:05,220 --> 00:27:06,480 Suze: we go. 391 00:27:07,130 --> 00:27:12,940 Suze: And it was fabulous. And truthfully after that date, 392 00:27:13,550 --> 00:27:18,500 Suze: The Dow Jones never again looked back and saw 1000. 393 00:27:19,020 --> 00:27:24,010 Suze: But what the point was is, during that time, truthfully 394 00:27:24,020 --> 00:27:28,920 Suze: from in the 60s to the 80s, interest rates had 395 00:27:28,920 --> 00:27:32,990 Suze: a lot to do with what the stock market was doing, 396 00:27:33,000 --> 00:27:34,590 Suze: in her opinion. 397 00:27:35,080 --> 00:27:40,980 Suze: If you remember inflation was sky high back in the 70s, 398 00:27:40,980 --> 00:27:48,750 Suze: and so mortgages were at 16%. Treasuries were at 15%, 399 00:27:48,760 --> 00:27:51,929 Suze: you know, in 1981 or 82, you could get 20 400 00:27:51,930 --> 00:27:54,600 Suze: or 21% in a money market account. 401 00:27:56,020 --> 00:28:02,020 Suze: So interest rates were sky high and the markets were 402 00:28:02,020 --> 00:28:06,770 Suze: going up and down and finally started to go up 403 00:28:06,780 --> 00:28:08,800 Suze: in 1982. 404 00:28:09,390 --> 00:28:11,670 Suze: But it was in that time 405 00:28:12,380 --> 00:28:18,530 Suze: that Louise said, we started a 40 year trend of 406 00:28:18,540 --> 00:28:21,230 Suze: interest rates going down. 407 00:28:22,460 --> 00:28:28,149 Suze: And because we started that trend of interest rates going down, 408 00:28:28,650 --> 00:28:34,000 Suze: that's when the market started to go up. So if 409 00:28:34,000 --> 00:28:37,490 Suze: we look now from 1982 410 00:28:38,190 --> 00:28:46,430 Suze: to 2022, interest rates essentially for 40 years went down, not 411 00:28:46,430 --> 00:28:50,670 Suze: straight down, but the direction was down. 412 00:28:51,340 --> 00:28:54,410 Suze: According to the technical analysis, you could see it very 413 00:28:54,410 --> 00:28:56,130 Suze: clearly on a chart. 414 00:28:57,230 --> 00:29:01,220 Suze: But what Louise is saying is starting now, 415 00:29:02,030 --> 00:29:07,370 Suze: we have an interest rate reversal where interest rates are 416 00:29:07,370 --> 00:29:10,530 Suze: going to start to go up and they very well 417 00:29:10,530 --> 00:29:14,870 Suze: could go up for another 40 years. It's not like 418 00:29:14,870 --> 00:29:18,120 Suze: they're going to go up over night. We don't, she 419 00:29:18,120 --> 00:29:21,790 Suze: doesn't know how long it will take, but the overall 420 00:29:21,800 --> 00:29:25,459 Suze: trend will be up. 421 00:29:27,140 --> 00:29:30,280 Suze: Her advice to that therefore 422 00:29:30,920 --> 00:29:36,460 Suze: is that she herself is only when it comes to Treasuries, 423 00:29:36,650 --> 00:29:42,600 Suze: is only buying three month and six month Treasuries. 424 00:29:43,390 --> 00:29:49,080 Suze: Because every time that it comes due, most likely you 425 00:29:49,080 --> 00:29:53,320 Suze: will get a higher interest rate if just doing two 426 00:29:53,320 --> 00:29:56,010 Suze: is too little for you and you want to do 427 00:29:56,020 --> 00:29:59,340 Suze: short terms and you want money coming due essentially maybe 428 00:29:59,340 --> 00:30:03,090 Suze: every month or as close to that as possible. Okay. 429 00:30:04,040 --> 00:30:07,020 Suze: But she doesn't want you really to go out further 430 00:30:07,020 --> 00:30:10,760 Suze: than a year, two years if you are really pressed 431 00:30:10,760 --> 00:30:14,070 Suze: and you have to do that. For some reason, we 432 00:30:14,070 --> 00:30:16,700 Suze: can put a pin in that for a second here. 433 00:30:17,860 --> 00:30:22,520 Suze: Do you remember how I would say to all of you, 434 00:30:22,530 --> 00:30:26,800 Suze: you know, only go out a few months, whatever and 435 00:30:26,810 --> 00:30:30,840 Suze: I'll let you know when it's time to go into 436 00:30:30,840 --> 00:30:33,840 Suze: 20 and 30 year bonds but do not do it 437 00:30:33,850 --> 00:30:35,650 Suze: until I tell you. 438 00:30:36,420 --> 00:30:39,100 Suze: And you have been writing me saying, is it time 439 00:30:39,110 --> 00:30:41,910 Suze: is it time then you wrote me and you said 440 00:30:41,910 --> 00:30:44,350 Suze: we missed it. Can you see that interest rates are 441 00:30:44,350 --> 00:30:45,900 Suze: going down Suze. 442 00:30:46,530 --> 00:30:50,020 Suze: So I just want to say two things here. I 443 00:30:50,020 --> 00:30:54,130 Suze: may never tell you to buy 20 or 30 year bonds. 444 00:30:54,140 --> 00:30:57,660 Suze: Believe it or not, it may be a long time 445 00:30:57,660 --> 00:31:00,990 Suze: before I do that. Depending 446 00:31:01,630 --> 00:31:05,750 Suze: on what the charts say, technical analysis, the economy and 447 00:31:05,750 --> 00:31:08,550 Suze: everything like that. But it is not going to be 448 00:31:08,550 --> 00:31:12,480 Suze: for a long time. That's number one. 449 00:31:13,230 --> 00:31:16,150 Suze: Number two going back to Louise, 450 00:31:16,850 --> 00:31:21,410 Suze: Louise said, what we will see happening, according to her charts. 451 00:31:21,420 --> 00:31:24,370 Suze: And again, this is just her opinion. But I think 452 00:31:24,370 --> 00:31:27,460 Suze: it's opinion that all of you should listen to because 453 00:31:27,460 --> 00:31:29,890 Suze: by all means, I would tell you she is far 454 00:31:29,890 --> 00:31:34,170 Suze: more knowledgeable than any financial advisor, I am sure that 455 00:31:34,180 --> 00:31:37,290 Suze: any of you are dealing with, including any of the 456 00:31:37,290 --> 00:31:40,110 Suze: ones that I am dealing with as well when it 457 00:31:40,110 --> 00:31:42,340 Suze: comes to technical analysis. 458 00:31:43,330 --> 00:31:48,410 Suze: So, Louise said that do not be surprised what you 459 00:31:48,410 --> 00:31:51,600 Suze: will see is that. And now she's talking about the 460 00:31:51,600 --> 00:31:54,060 Suze: 10 year only and this is all about the 10 461 00:31:54,060 --> 00:32:00,390 Suze: year really. So the 10 year most likely will go down. 462 00:32:00,390 --> 00:32:02,760 Suze: Now we have seen the 10 year go down. 463 00:32:03,270 --> 00:32:06,150 Suze: I personally told you that it will go to about 464 00:32:06,150 --> 00:32:09,960 Suze: three and a quarter, maybe 3.15, and then very possibly 465 00:32:09,960 --> 00:32:12,600 Suze: can turn and go back to 5%. 466 00:32:13,300 --> 00:32:17,860 Suze: And Louise said that it is you know, very probable 467 00:32:17,860 --> 00:32:19,900 Suze: that it will go down like it's going down. You 468 00:32:19,900 --> 00:32:23,250 Suze: could even go down to 2.5 and then it will 469 00:32:23,260 --> 00:32:27,430 Suze: absolutely in her opinion turn around and start to go 470 00:32:27,450 --> 00:32:33,910 Suze: up and over time, what we will see is that 471 00:32:33,910 --> 00:32:36,820 Suze: when it does turn around and go down 472 00:32:37,220 --> 00:32:42,070 Suze: it will go down not as far as it had 473 00:32:42,070 --> 00:32:43,420 Suze: the time before that 474 00:32:44,000 --> 00:32:46,690 Suze: And when it turns around and goes up it will 475 00:32:46,690 --> 00:32:51,680 Suze: go up higher than where it was before the last 476 00:32:51,680 --> 00:32:52,580 Suze: turn around. 477 00:32:53,480 --> 00:32:56,060 Suze: Now the way that's technically said 478 00:32:56,800 --> 00:33:00,120 Suze: in analysis, is that we will see 479 00:33:01,330 --> 00:33:08,290 Suze: higher lows and higher highs when something goes up and down. 480 00:33:08,940 --> 00:33:13,310 Suze: And so that we should just stay calm when interest 481 00:33:13,310 --> 00:33:16,190 Suze: rates the 10 year again start to go down and 482 00:33:16,190 --> 00:33:20,040 Suze: just wait because it will turn around. But in the 483 00:33:20,040 --> 00:33:21,260 Suze: meantime 484 00:33:21,960 --> 00:33:28,660 Suze: just do short term treasury bills, three months, six months, 485 00:33:28,660 --> 00:33:32,670 Suze: 17 weeks, whatever you want. But in an area where 486 00:33:32,670 --> 00:33:37,570 Suze: it makes sense. I'm personally only buying three month now 487 00:33:37,580 --> 00:33:41,510 Suze: and maybe six months. Just depends. But my favorite right 488 00:33:41,510 --> 00:33:44,610 Suze: now are three month treasury bills. 489 00:33:45,120 --> 00:33:48,330 Suze: Now I understand that all of you 490 00:33:48,940 --> 00:33:52,690 Suze: are having a really hard time and it's just too 491 00:33:52,690 --> 00:33:57,140 Suze: confusing for you to buy a treasury bill. No it 492 00:33:57,150 --> 00:34:02,320 Suze: is not. You can absolutely figure out how to do. 493 00:34:02,320 --> 00:34:07,660 Suze: So there is a woman on Youtube and I think 494 00:34:07,670 --> 00:34:09,760 Suze: oh God I haven't been on it in so long. 495 00:34:09,760 --> 00:34:13,430 Suze: What is her thing? I think its Diamond Nest Egg. 496 00:34:13,440 --> 00:34:14,860 Suze: I think that's it. 497 00:34:15,500 --> 00:34:19,509 Suze: And she has videos on how to buy T bills 498 00:34:19,510 --> 00:34:24,890 Suze: at Vanguard, at Fidelity, at Schwab at all these places. 499 00:34:25,000 --> 00:34:29,689 Suze: She will educate you on those things using visuals that 500 00:34:29,700 --> 00:34:34,120 Suze: I can't do here on the podcast. Now. I'm not 501 00:34:34,120 --> 00:34:38,310 Suze: saying that I agree with many of her recommendations because 502 00:34:38,310 --> 00:34:42,049 Suze: I don't know what her recommendations are. I just know 503 00:34:42,430 --> 00:34:46,270 Suze: that I have been told that yes, you know she 504 00:34:46,270 --> 00:34:49,580 Suze: will instruct you exactly how to do it. So again 505 00:34:49,590 --> 00:34:53,740 Suze: it is Diamond Nest Egg. I hope that is correct. 506 00:34:53,750 --> 00:34:57,900 Suze: You can do this. If you are working with a 507 00:34:57,900 --> 00:35:02,149 Suze: financial advisor, just ask your financial advisor to buy one 508 00:35:02,150 --> 00:35:04,350 Suze: for you. I don't care if it's on the secondary market. 509 00:35:04,350 --> 00:35:05,370 Suze: I don't care. 510 00:35:05,969 --> 00:35:09,880 Suze: Right. Just that's how you can do it. It is 511 00:35:09,880 --> 00:35:15,859 Suze: not difficult on any level. She did also say believe 512 00:35:15,860 --> 00:35:19,520 Suze: it or not because somebody asked this question - that it 513 00:35:19,520 --> 00:35:24,860 Suze: is very possible over these coming years that interest rates 514 00:35:24,870 --> 00:35:28,430 Suze: could go up again even higher than they were 515 00:35:29,310 --> 00:35:33,550 Suze: in the 70s. Can you believe that? Let's take a breath. 516 00:35:33,560 --> 00:35:37,410 Suze: Alright because we just have a little bit more to go. 517 00:35:37,989 --> 00:35:41,930 Suze: Many of you are writing me and saying Suze, it's 518 00:35:41,930 --> 00:35:44,180 Suze: too difficult to buy T. Bills. Already yelled at all 519 00:35:44,180 --> 00:35:45,180 Suze: of you about that. 520 00:35:46,350 --> 00:35:49,900 Suze: And you're just going to buy a short term E. T. F. 521 00:35:49,930 --> 00:35:51,910 Suze: You're just gonna buy E. T. F. s and do 522 00:35:51,910 --> 00:35:52,860 Suze: it that way. 523 00:35:53,920 --> 00:35:56,360 Suze: I don't think I would want you to do that. 524 00:35:57,440 --> 00:36:02,959 Suze: I would rather see you own the actual bill itself. 525 00:36:03,750 --> 00:36:08,189 Suze: Please remember everybody in E. T. F. and a mutual 526 00:36:08,190 --> 00:36:12,190 Suze: fund does not have a maturity date. 527 00:36:12,860 --> 00:36:15,850 Suze: So maybe new money is coming in. Who knows what 528 00:36:15,850 --> 00:36:17,779 Suze: they have to do with the new money that's coming 529 00:36:17,780 --> 00:36:21,370 Suze: in and the expense ratios to manage all of that money. 530 00:36:21,380 --> 00:36:23,520 Suze: And are you going to get back what you put 531 00:36:23,520 --> 00:36:27,610 Suze: in or are you not? In a Treasury Bill note 532 00:36:27,620 --> 00:36:28,549 Suze: or bond 533 00:36:29,219 --> 00:36:33,319 Suze: there is a maturity date where you will get back 534 00:36:33,330 --> 00:36:35,759 Suze: the money that you put in. 535 00:36:36,780 --> 00:36:41,129 Suze: So I don't want you to substitute the short term E. T. F. 536 00:36:41,130 --> 00:36:47,830 Suze: Treasuries for an actual Treasury bill at this point in time. 537 00:36:48,180 --> 00:36:51,170 Suze: And now I know that I said I would answer 538 00:36:51,180 --> 00:36:54,210 Suze: all of you that are asking that question on the 539 00:36:54,210 --> 00:36:58,290 Suze: podcast today and I just did 540 00:36:59,130 --> 00:37:05,000 Suze: So that my loves, is your Suze School for today. 541 00:37:06,270 --> 00:37:11,540 Suze: So until Thursday when Ms Travis joins us there's really 542 00:37:11,540 --> 00:37:14,020 Suze: one thing that I want you to remember if you 543 00:37:14,020 --> 00:37:17,489 Suze: have not yet become a member of Alliant Credit Union 544 00:37:17,500 --> 00:37:20,200 Suze: you need to do that right now because you have 545 00:37:20,200 --> 00:37:24,170 Suze: only four days left for the Suze holiday sweepstakes where 546 00:37:24,180 --> 00:37:26,969 Suze: one of you and another one of you that makes 547 00:37:26,969 --> 00:37:31,069 Suze: two of you will win $10,000. You go to My 548 00:37:31,080 --> 00:37:35,509 Suze: Alliant dot com and check it out 549 00:37:36,930 --> 00:37:39,760 Suze: and of course I want you all to be smart, 550 00:37:39,850 --> 00:37:45,180 Suze: strong and secure. Now you stay safe. Bye bye.