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Intro / Outro: Ok, Suze. Are you ready for today's podcast?

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Intro / Outro: Oh, you bet I am because I'm unstoppable!(Music In)

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Suze: August 17th, 2023. Welcome everybody to the Women and Money

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Suze: podcast as well as everybody smart enough to listen. I know,

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Suze: I know

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Suze: you're all going... wait a minute. It's Thursday, Where is KT? Well,

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Suze: I decided to kind of switch up the game plan

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Suze: and KT will be doing, Ask KT and Suze anything

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Suze: this Sunday when we will be answering questions about

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Suze: the inherited IRAs as well as the differences in beneficiaries.

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Suze: So do not worry about it. All right.

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Suze: So do you like women's soccer? Do you like soccer?

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Suze: I have to tell you, I love soccer, especially when

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Suze: it is the World Cup.

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Suze: And I also love watching Messi play now in Miami.

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Suze: Oh my God. Is that something? However,

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Suze: as you may or may not know, yesterday was the

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Suze: semifinal of women's soccer and now Spain and England will

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Suze: be going into the finals this Sunday. Are you curious

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Suze: as to who I want to win?

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Suze: I absolutely have a favorite. But anyway, when I was

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Suze: watching this and I have to tell you I've watched now,

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Suze: almost every single match, whether it's at 1 a.m. in

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Suze: the morning, 4 a.m. in the morning, east coast time,

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Suze: 6 a.m. or whatever it may be. I have watched

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Suze: almost every single match and I have to tell you

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Suze: that I learned a few things,

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Suze: you know, because I have this theory that everything I'm

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Suze: watching everywhere I go, everything that happens, it's there for

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Suze: me to learn something from

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Suze: something that I could apply to my financial life, to

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Suze: your financial life, to life in general.

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Suze: And so I did, I learned quite a few things

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Suze: from watching women's soccer the past few weeks. Number one,

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Suze: I learned when you want to win, you have to

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Suze: give it everything you have. If you just let up

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Suze: for one second, just one second, it will absolutely cost you.

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Suze: It will.

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Suze: Number two, what others think of you where you are

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Suze: rated where you are in any part of a ranking system.

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Suze: It doesn't matter, it doesn't matter what others think about

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Suze: you or your ratings say about you.

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Suze: It only matters what you know, is true for yourself.

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Suze: And Colombia was such a team and obviously Colombia was

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Suze: Colo's team. He's from Colombia and he wanted them to

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Suze: win so much. I can't even tell you

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Suze: however

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Suze: they were counted out from the very start. They just were,

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Suze: but they made it all the way for their first

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Suze: time in their history to the quarter finals. So,

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Suze: if you give up on yourselves and you believe what

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Suze: others are saying about you,

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Suze: you'll just never know. Are you a true winner or

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Suze: are you a loser?

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Suze: What do you really have inside of you that, you know,

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Suze: you have, but others might not believe that you have

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Suze: and I can relate to this one so much because

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Suze: back in my life, everybody really thought that I was

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Suze: a loser

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Suze: that I would never be much more than a waitress.

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Suze: Although being a waitress was one of the greatest things

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Suze: in my life, but they never thought that I was

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Suze: that smart that I could do anything. And I've told

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Suze: you these stories before, but I know I'm a winner.

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Suze: I know I'm unstoppable and it didn't matter what other

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Suze: people thought.

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Suze: Number three,

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Suze: there are times when a team has to just go

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Suze: slow and steady, then there's a time when it's right

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Suze: to just really go for it because as KT was

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Suze: watching these games with me, she kept saying, why do

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Suze: they keep kicking it to the backfield? Why can't they

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Suze: just kick it up and make a goal? Why do

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Suze: they have to keep going backwards? Because in life in soccer,

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Suze: you sometimes have to go back in order to go

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Suze: really forward to slow everything down, to get it to

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Suze: be steady so that you can have a game plan

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Suze: and then when the time comes, you go for it

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Suze: and the end result sometimes not always, but sometimes is

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Suze: a goal. But number four,

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Suze: it takes a team effort. No matter how good one

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Suze: of your players happens to be, you have to have

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Suze: a team in order to score. Somebody has to step

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Suze: up to the play when you're not in the right

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Suze: position or whatever it may be, but it truly takes

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Suze: a team

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Suze: to win. So here are the questions that you have

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Suze: to ask and answer for yourselves. Are you, have you

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Suze: taken out your Suze notebooks? Are you giving everything you

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Suze: have to implementing your financial game plan? Are you, have

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Suze: you even taken the time to create a plan?

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Suze: Because what I found so fascinating about soccer is for

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Suze: so long, it just looked to me like it was chaos.

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Suze: They just kicked the ball here, kicked the ball there,

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Suze: maybe they picked it up, maybe they didn't. But I

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Suze: have now come to learn that there are plays, there

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Suze: is a game plan

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Suze: and sometimes when it comes to your money, you buy

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Suze: this stock, you sell that you get into this ETF

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Suze: you're buying short term T bills now, long term bonds,

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Suze: you're buying real estate, you're selling, it's just like you're

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Suze: doing everything without a true game plan.

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Suze: The game plan being, what do you do when a happens?

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Suze: What do you do when B happens? But you have

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Suze: to have a game plan.

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Suze: So are you giving everything? You have to number one,

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Suze: creating that plan and implementing that plan?

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Suze: Because I have found again, when it comes to most

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Suze: of you and your money,

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Suze: you don't really have a plan, you don't really care

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Suze: about planning for it. You wait till the last minute

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Suze: to do your taxes. You still haven't done your will

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Suze: and your trust in all of those things. You fail

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Suze: to plan. And you know that saying saying if you

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Suze: fail to plan, you plan to fail.

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Suze: Number two, if you feel like you are a financial underdog,

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Suze: if you continue to feel that way or believe that way,

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Suze: you always will be one.

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Suze: If you feel that there's no hope for you because

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Suze: you're always in credit card debt that you're always spending

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Suze: more than you should. You don't have the ability to

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Suze: save or do any of those things. You are just

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Suze: an underdog in this game called Financial Planning.

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Suze: Then you're always going to be an underdog because your

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Suze: attitude is

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Suze: I'm never gonna get anywhere. So why should I even try?

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Suze: You need to try because you have more ability in

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Suze: you than you have any idea. You in my opinion

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Suze: most likely have been hiding behind excuses that have seemed

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Suze: so simple for you to hide behind.

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Suze: You didn't grow up in a family that taught you

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Suze: about money. You didn't grow up with any advantages one

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Suze: excuse after another excuse after another, I could give you

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Suze: every possible excuse why I should not have a penny

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Suze: to my name. But there isn't an excuse big enough

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Suze: everybody to keep you from being who you are meant

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Suze: to be. You are the obstacle in your game plan

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Suze: in your path to financial independence.

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Suze: So you have got to recognize that and change it.

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Suze: Number three.

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Suze: When do you take actions with your money

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Suze: so that you just make really fast decisions, invest everything

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Suze: at once or are you taking it slow and steady?

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Suze: It's the answer to that. Everybody. Do you just hear

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Suze: about a stock and until you buy it, you hear

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Suze: about another stock and you buy it, but you put

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Suze: all your money into something at once. You don't have

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Suze: a plan to do it little by little and slow

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Suze: and steady.

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Suze: You will always win this financial race. It just takes

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Suze: time

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Suze: and four, when you look at your investments, how many

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Suze: team players so to speak. Do you have, do you

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Suze: have bonds? Do you have stocks? Do you have ETF

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Suze: S do you have real estate? Do you have cash?

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Suze: Do you have a mixture of everything like that?

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Suze: Because what I found fascinating watching the soccer game is

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Suze: when the coaches send in defensive players, they send in

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Suze: offensive players, they change their strategy according to what's happening

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Suze: on the field at that moment.

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Suze: And we have to look at the economy as if

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Suze: it's this big field that all these different things are

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Suze: happening at once. Interest rates are going up, real estate

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Suze: may be going down, the stock market may be going sideways.

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Suze: All these things are happening

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Suze: and you have to decide at the time when things

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Suze: are actually happening, do you have the right players in

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Suze: place in order to get to where you want to go?

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Suze: So now I know you may be saying, oh, Suze,

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Suze: I can't believe it. You are comparing money and financial

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Suze: planning to soccer

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Suze: and yeah, I actually am

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Suze: because if you listen to what I just said,

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Suze: I'm telling you,

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Suze: you can win at this game that we do call

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Suze: financial planning.

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Suze: So with all of that, really, then what is the

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Suze: winning moves that you should be making with your money?

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Suze: And actually maybe that's what I should call this podcast,

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Suze: making winning moves with your money. We'll have to see

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Suze: what Robert picks anyway. For instance. Now I want you

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Suze: to listen closely

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Suze: when I say I'm starting to buy 30 year treasuries.

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Suze: That doesn't mean I'm putting all my cash that I

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Suze: intended for safety and for interest rates into 30 year bonds.

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Suze: So what scares me is that I say something on

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Suze: this podcast and you go out and you put everything

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Suze: that you are going to invest in that. No, no, no.

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Suze: If you listen to me closely, you would have heard

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Suze: me say I'm putting a little bit in right now.

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Suze: I put a little bit more in

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Suze: and now I've probably stopped putting money in at this point,

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Suze: at least for me into 30 year bonds. So how

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Suze: do I do it? I look at the total amount

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Suze: and this is what I want you to do. I

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Suze: look at the total amount of money I have to

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Suze: put into savings investments and I look at the current

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Suze: interest rate environment

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Suze: and depending on what is happening, I make small movements,

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Suze: but I always have enough cash to make different movements

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Suze: or investments. If the economy dictates, for instance, right now,

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Suze: it seems like the government is still going to need

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Suze: to borrow lots of money to meet its financial obligations.

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Suze: When there is a lot of supply of anything,

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Suze: what does that do to the price of what is

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Suze: being sold? That is a question to all of you

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Suze: when there is a lot of supply on the market

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Suze: for real estate that tends to make real estate prices

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Suze: go down and visa versa. So the question again is

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Suze: when there is a lot of supply of anything, what

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Suze: does that do to the price of what is being sold?

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Suze: It tends to decrease in price and in bonds when

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Suze: prices decrease interest rates go up. So currently, when you

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Suze: look at treasuries, for instance, the three and six months

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Suze: are still offering incredibly great rates. So when my three

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Suze: month T bills and six month T bills come due.

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Suze: I just re up them for another 3 to 6

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Suze: months because I'm actually getting a higher interest rate than

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Suze: I got when I originally did it three and six

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Suze: months ago. However, I did that along with putting money

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Suze: in 30 year bonds as well because anything can happen

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Suze: at any time. So your game plan,

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Suze: as my game plan needs to be slow and steady

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Suze: and diversified, which means short term maturities, like 3 to

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Suze: 6 months, longer term maturities, like 12 months to two years,

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Suze: 10 years and 20 to 30 years. So it is

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Suze: important

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Suze: that you have that it's also important that you have

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Suze: additional money in money market funds or high yield savings

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Suze: accounts to continue to take advantage of changes in interest

231
00:16:12,869 --> 00:16:17,020
Suze: rates when they do happen because again, you never know

232
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Suze: when interest rates will continue to go up or when

233
00:16:20,289 --> 00:16:22,859
Suze: they will start their downward trend,

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00:16:23,080 --> 00:16:27,349
Suze: the good news about bonds and notes, they don't tend

235
00:16:27,359 --> 00:16:31,390
Suze: to trade up and down and crazy overnight. Like stocks

236
00:16:31,400 --> 00:16:35,890
Suze: do they take time? Maybe you don't hit the exact top,

237
00:16:35,900 --> 00:16:39,890
Suze: but you kind of know what is happening when it's happening.

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Suze: So it's important for all of you to really have

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00:16:45,429 --> 00:16:52,239
Suze: different maturities. So you are prepared but not to take 100%

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Suze: of your money and put it all into 30 year

241
00:16:56,349 --> 00:16:59,390
Suze: treasury bonds or 20 year treasury bonds or 10 year

242
00:16:59,400 --> 00:17:04,560
Suze: treasury notes or three and six month treasury bills or

243
00:17:04,569 --> 00:17:07,219
Suze: certificates of deposits for that matter.

244
00:17:07,979 --> 00:17:12,699
Suze: So I just want you to know that now there

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00:17:12,709 --> 00:17:15,869
Suze: are people out there that I'm sure that are saying. Oh, Suze,

246
00:17:16,380 --> 00:17:19,129
Suze: good for you. I'm glad that you have a lump

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00:17:19,140 --> 00:17:21,780
Suze: sum of money that you can do that with. I

248
00:17:21,790 --> 00:17:25,250
Suze: don't have a lump sum of money. I'm just saving

249
00:17:25,260 --> 00:17:30,349
Suze: enough to get by. So what should I do?

250
00:17:30,979 --> 00:17:35,349
Suze: What you do when you're in that situation is stop

251
00:17:35,359 --> 00:17:39,060
Suze: thinking like all you have enough is to get by.

252
00:17:39,829 --> 00:17:44,219
Suze: That's ok. You then would just keep your money in

253
00:17:44,280 --> 00:17:49,260
Suze: the highest interest rate, money market account or savings account

254
00:17:49,369 --> 00:17:55,930
Suze: that you can if you want to participate in treasury bills,

255
00:17:55,939 --> 00:17:59,569
Suze: bonds or notes and you don't have the $1000 minimum

256
00:17:59,579 --> 00:18:04,469
Suze: or whatever your financial institution requires. Never forget that Treasury

257
00:18:04,479 --> 00:18:08,770
Suze: direct dot gov's minimum is $100.

258
00:18:09,250 --> 00:18:13,458
Suze: So when you give it, you're all, you think you

259
00:18:13,469 --> 00:18:17,219
Suze: can do this and you just do it slow and steady.

260
00:18:17,229 --> 00:18:21,780
Suze: I promise you you will get there because $100 here,

261
00:18:21,790 --> 00:18:26,780
Suze: $100 there, whatever it may be will do exactly what

262
00:18:26,790 --> 00:18:28,300
Suze: I'm telling you to do.

263
00:18:29,189 --> 00:18:34,899
Suze: So don't go letting yourself be an underdog. I don't

264
00:18:34,910 --> 00:18:37,339
Suze: have what other people have. I don't have that kind

265
00:18:37,349 --> 00:18:40,640
Suze: of money. Stop it right here. And right now

266
00:18:41,339 --> 00:18:47,589
Suze: because it's important that you understand, you always can do something. Now,

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00:18:47,599 --> 00:18:53,869
Suze: this strategy is not just about fixed income investments. Everybody,

268
00:18:53,880 --> 00:18:58,430
Suze: this applies to your equity investments as well.

269
00:18:59,160 --> 00:19:03,349
Suze: And what has happened as of late that many of

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00:19:03,359 --> 00:19:05,500
Suze: you have seen and I talked about this just a

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00:19:05,510 --> 00:19:12,459
Suze: little bit ago. Many of you have seen Amazon Apple, NVIDIA, Microsoft,

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00:19:13,030 --> 00:19:18,510
Suze: Meta Tesla, all the stocks on the NASDAQ, the QQQ ETF.

273
00:19:18,560 --> 00:19:25,349
Suze: You've seen them skyrocket in value skyrocket.

274
00:19:26,099 --> 00:19:29,179
Suze: And you're saying to yourself, I don't own any of

275
00:19:29,189 --> 00:19:33,430
Suze: those stocks and you're watching your stocks or your investments

276
00:19:33,439 --> 00:19:35,069
Suze: go down and down

277
00:19:36,020 --> 00:19:40,489
Suze: and then you decide that you are going to change

278
00:19:40,920 --> 00:19:44,930
Suze: and get out of the stocks that you originally purchased

279
00:19:45,619 --> 00:19:48,909
Suze: and get into the stocks that are going up and

280
00:19:48,920 --> 00:19:51,949
Suze: up and up. And so you do so

281
00:19:52,729 --> 00:19:58,040
Suze: and now all of a sudden those stocks, the Apple's

282
00:19:58,050 --> 00:20:03,469
Suze: the Amazons, all of them, Microsoft, Meta, whatever it may be.

283
00:20:03,479 --> 00:20:08,479
Suze: Tesla are now starting to go down and down and

284
00:20:08,489 --> 00:20:11,660
Suze: the stocks or the ETF S or mutual funds that

285
00:20:11,670 --> 00:20:14,699
Suze: you did have are now starting to go up.

286
00:20:16,050 --> 00:20:22,369
Suze: When you hear me mention any stock or ETF, you

287
00:20:22,380 --> 00:20:26,079
Suze: have to decide if it's right for you. Number one,

288
00:20:26,849 --> 00:20:31,889
Suze: then you need to decide how much, if any money

289
00:20:32,359 --> 00:20:38,899
Suze: you want to totally invest in that company and then

290
00:20:40,410 --> 00:20:44,920
Suze: you need to take whatever amount of money that is.

291
00:20:44,930 --> 00:20:50,560
Suze: I don't care if it's $100 1000 dollars, $10,000 100,000 dollars.

292
00:20:51,369 --> 00:20:55,959
Suze: You ne then need to divide that sum that you

293
00:20:55,969 --> 00:21:00,589
Suze: want to invest over at least a 12 to 24

294
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Suze: month period of time.

295
00:21:03,479 --> 00:21:08,329
Suze: Listen, everybody, you are investors, you are not traders, so

296
00:21:08,339 --> 00:21:14,329
Suze: you have to dollar cost average into your equity positions. Now,

297
00:21:14,339 --> 00:21:17,819
Suze: obviously you don't have to do it the same time

298
00:21:17,829 --> 00:21:20,979
Suze: every month. You don't have to necessarily do it every

299
00:21:20,989 --> 00:21:24,589
Suze: single month. You do it every three months, whatever it

300
00:21:24,599 --> 00:21:26,729
Suze: may be. If you see the stock that you like

301
00:21:26,739 --> 00:21:29,869
Suze: or the ETF, you like, go down, do it, then

302
00:21:30,020 --> 00:21:32,389
Suze: get more value out of it.

303
00:21:33,209 --> 00:21:37,979
Suze: But that is the position that you have to take.

304
00:21:38,250 --> 00:21:42,099
Suze: That is why everybody that retirement plans like your 401k

305
00:21:42,109 --> 00:21:45,979
Suze: S or 403 BS, hopefully their ROTHS or T SPS

306
00:21:46,349 --> 00:21:50,819
Suze: at work can be so effective because month in and

307
00:21:50,829 --> 00:21:56,489
Suze: month out, year, over year, you continue to invest a

308
00:21:56,500 --> 00:21:59,979
Suze: specific sum of money usually into a mutual fund or

309
00:21:59,989 --> 00:22:00,939
Suze: ETF

310
00:22:01,260 --> 00:22:04,948
Suze: and it's very slow and steady and it gives you

311
00:22:04,959 --> 00:22:06,709
Suze: diversification

312
00:22:07,680 --> 00:22:11,250
Suze: and in the long run it makes you a lot

313
00:22:11,260 --> 00:22:12,169
Suze: of money

314
00:22:13,359 --> 00:22:18,770
Suze: but you cannot, and I repeat, you cannot just buy

315
00:22:18,780 --> 00:22:24,170
Suze: one stock. Remember about being a team player, that one stock,

316
00:22:24,180 --> 00:22:27,989
Suze: maybe it will go up, maybe it will go down

317
00:22:28,000 --> 00:22:33,270
Suze: that one stock most likely can't carry your investment strategy

318
00:22:33,280 --> 00:22:37,089
Suze: over the goal line. You have to look at what

319
00:22:37,099 --> 00:22:40,270
Suze: else you have or are invested in

320
00:22:40,790 --> 00:22:44,670
Suze: and does that stock that I've talked about or anybody

321
00:22:44,680 --> 00:22:49,920
Suze: else have talked about even fit into your portfolio.

322
00:22:51,209 --> 00:22:54,879
Suze: So again, when I go back and I think about

323
00:22:54,890 --> 00:22:57,699
Suze: what I've said about this stock and that stock, it

324
00:22:57,709 --> 00:23:02,149
Suze: has to fit into your game plan and you have

325
00:23:02,160 --> 00:23:05,359
Suze: to know why you have bought it. What you're going

326
00:23:05,369 --> 00:23:07,819
Suze: to do if it goes down, are you going to

327
00:23:07,829 --> 00:23:12,189
Suze: buy more? You have to know otherwise you don't have

328
00:23:12,199 --> 00:23:16,369
Suze: a plan and I can't give you a plan because

329
00:23:16,380 --> 00:23:20,180
Suze: why I don't know enough personally about you.

330
00:23:20,500 --> 00:23:23,869
Suze: So I can only tell you what I'm doing and

331
00:23:23,880 --> 00:23:27,329
Suze: you have to decide if it's something that you want

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Suze: to do.

333
00:23:29,280 --> 00:23:33,900
Suze: So you are not just to have NASDAQ stocks or

334
00:23:33,910 --> 00:23:39,010
Suze: oil stocks or just have all your investment money in homes,

335
00:23:39,020 --> 00:23:43,869
Suze: in real estate, you have to have full diversification most

336
00:23:43,880 --> 00:23:44,729
Suze: of the time.

337
00:23:45,410 --> 00:23:50,379
Suze: And even if it's in one area, you need riskier stocks,

338
00:23:50,390 --> 00:23:53,890
Suze: you need stable stocks, whatever it may be, but you

339
00:23:53,900 --> 00:23:59,410
Suze: need to have good quality stocks that you have a

340
00:23:59,420 --> 00:24:00,550
Suze: plan for.

341
00:24:01,260 --> 00:24:08,160
Suze: So what is exactly happening in the economic environment today? Well,

342
00:24:08,170 --> 00:24:13,089
Suze: number one feds will probably raise interest rates in my

343
00:24:13,099 --> 00:24:17,909
Suze: opinion one more time. Why do I think that for

344
00:24:17,920 --> 00:24:23,099
Suze: oil prices and food prices are still going up, which

345
00:24:23,109 --> 00:24:27,510
Suze: will cause inflation not to go down as much as

346
00:24:27,520 --> 00:24:29,228
Suze: the feds want it to.

347
00:24:29,689 --> 00:24:35,010
Suze: I still believe in oil stocks. I still believe that

348
00:24:35,020 --> 00:24:38,819
Suze: they are going to go up. I think they're still

349
00:24:38,829 --> 00:24:42,979
Suze: giving you a good dividend. However,

350
00:24:43,239 --> 00:24:46,810
Suze: I will start to address. Does it make sense to

351
00:24:46,819 --> 00:24:50,010
Suze: hold on to a stock that maybe you bought at

352
00:24:50,020 --> 00:24:54,550
Suze: 70 now? It's at 50? And what is the interest

353
00:24:54,560 --> 00:24:57,609
Suze: rate that it's currently giving you in terms of a dividend?

354
00:24:57,619 --> 00:25:01,099
Suze: And is there another strategy that should be used when

355
00:25:01,109 --> 00:25:04,810
Suze: we talked about that on a past podcast with going

356
00:25:04,819 --> 00:25:06,010
Suze: from Chevron,

357
00:25:06,910 --> 00:25:09,719
Suze: which was at 165 at the time

358
00:25:10,400 --> 00:25:15,229
Suze: to PXD, which was at 220 at the time. It's

359
00:25:15,239 --> 00:25:20,119
Suze: worked out over time very well since now PXD is

360
00:25:20,130 --> 00:25:21,530
Suze: at about 230 .

361
00:25:22,219 --> 00:25:24,390
Suze: So you have a win there.

362
00:25:25,000 --> 00:25:28,800
Suze: However, it doesn't always work out that way. So I

363
00:25:28,810 --> 00:25:32,130
Suze: will address that sooner than later.

364
00:25:32,839 --> 00:25:37,130
Suze: It's also important for you to know, however, that even

365
00:25:37,140 --> 00:25:40,000
Suze: though I think that the feds may raise interest rates

366
00:25:40,010 --> 00:25:42,979
Suze: one more time, they don't have a clue what they're

367
00:25:42,989 --> 00:25:46,250
Suze: going to do. And the truth of the matter is

368
00:25:46,319 --> 00:25:50,060
Suze: you have to know that what the feds are going

369
00:25:50,069 --> 00:25:55,050
Suze: to do doesn't exactly affect treasuries. The way that many

370
00:25:55,060 --> 00:25:57,389
Suze: of you are writing about

371
00:25:58,170 --> 00:26:03,129
Suze: the supply of treasuries will affect the interest rate. The

372
00:26:03,140 --> 00:26:04,938
Suze: treasuries have to offer

373
00:26:05,650 --> 00:26:09,790
Suze: more than what the feds are going to do. So,

374
00:26:09,800 --> 00:26:12,698
Suze: just remember, don't sit there waiting to see if the

375
00:26:12,709 --> 00:26:16,280
Suze: feds are going to raise interest rates, thinking that's what's

376
00:26:16,290 --> 00:26:20,000
Suze: gonna cause treasuries to go up in interest rates. It's

377
00:26:20,010 --> 00:26:25,500
Suze: more again, the treasury supply that will determine

378
00:26:26,290 --> 00:26:31,389
Suze: what is going to happen with the interest on treasuries.

379
00:26:31,489 --> 00:26:37,869
Suze: That is why we diversify maturities. However, you also need

380
00:26:37,880 --> 00:26:42,420
Suze: to know when interest rates are high, people tend to

381
00:26:42,430 --> 00:26:46,729
Suze: come out of the stock market to go into safety,

382
00:26:47,630 --> 00:26:53,020
Suze: which makes the stock markets go down. Now, that seems

383
00:26:53,030 --> 00:26:58,000
Suze: to be happening right now, especially in the stocks on

384
00:26:58,010 --> 00:27:02,920
Suze: the NASDAQ stocks, like I previously just mentioned that all

385
00:27:02,930 --> 00:27:05,280
Suze: of you seem to want to get into.

386
00:27:05,979 --> 00:27:10,969
Suze: So if you are invested in the apples and the

387
00:27:10,979 --> 00:27:15,050
Suze: stocks like that, and you see them now or any

388
00:27:15,060 --> 00:27:19,629
Suze: stock on the NASDAQ, in particular start to go down

389
00:27:19,640 --> 00:27:20,790
Suze: and down

390
00:27:21,920 --> 00:27:26,969
Suze: rather than selling them. That is when you continue to

391
00:27:26,979 --> 00:27:32,130
Suze: dollar cost average into the positions that you have to

392
00:27:32,140 --> 00:27:36,089
Suze: bring your average price down. You bought a stock at

393
00:27:36,099 --> 00:27:40,060
Suze: 70 it's now at 50. If you buy it at

394
00:27:40,069 --> 00:27:44,530
Suze: 50 your overall price then becomes what 60

395
00:27:45,229 --> 00:27:48,290
Suze: it's a lot easier to go from 50 to 60

396
00:27:48,300 --> 00:27:52,359
Suze: than 50 back to 70 which is why especially in

397
00:27:52,369 --> 00:27:55,938
Suze: down markets, which I think we are going to start

398
00:27:55,949 --> 00:27:57,879
Suze: to experience here. Now,

399
00:27:58,579 --> 00:28:03,959
Suze: that's why you always want to keep cash around so

400
00:28:03,969 --> 00:28:09,859
Suze: that you can dollar cost average, especially when the markets

401
00:28:09,869 --> 00:28:11,869
Suze: are going down.

402
00:28:12,540 --> 00:28:16,188
Suze: But that's also the time when the markets do start

403
00:28:16,199 --> 00:28:17,310
Suze: to go down

404
00:28:18,140 --> 00:28:23,119
Suze: that dividend, stocks, stocks that pay a dividend truly come

405
00:28:23,130 --> 00:28:28,530
Suze: into play because at least you are being paid to wait.

406
00:28:29,040 --> 00:28:34,479
Suze: And so that's something you just need to think about. So,

407
00:28:34,489 --> 00:28:37,270
Suze: in summarizing this podcast,

408
00:28:38,109 --> 00:28:40,219
Suze: given the moves in the market,

409
00:28:40,930 --> 00:28:46,550
Suze: the game plan has to be slow and steady. Sunday morning,

410
00:28:46,560 --> 00:28:50,459
Suze: we will see who has the best game plan between

411
00:28:50,469 --> 00:28:52,020
Suze: England and Spain.

412
00:28:52,839 --> 00:28:56,680
Suze: And in case you're wondering, I want England to win.

413
00:28:56,939 --> 00:29:01,069
Suze: I just kind of do, what can I tell you anyway? But, um,

414
00:29:01,079 --> 00:29:03,869
Suze: this Sunday again, I'm just going to repeat,

415
00:29:04,180 --> 00:29:09,209
Suze: I will stick to the plan about inherited IRAs and beneficiaries.

416
00:29:09,219 --> 00:29:12,270
Suze: But I'm gonna do it with Miss Travis. I think

417
00:29:12,380 --> 00:29:16,010
Suze: if not, I'll just do it myself and we will

418
00:29:16,020 --> 00:29:20,229
Suze: go from there for now. There's only one thing that

419
00:29:20,239 --> 00:29:23,280
Suze: I want you to say every single day and it

420
00:29:23,290 --> 00:29:26,430
Suze: is this day, wherever I go,

421
00:29:26,979 --> 00:29:33,430
Suze: I will create a more joyful, peaceful and loving world.

422
00:29:33,540 --> 00:29:36,829
Suze: And if you can do that and be slow and steady,

423
00:29:36,939 --> 00:29:42,250
Suze: I promise you you will be unstoppable.

424
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Intro / Outro: (Music Out)