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Music: Music In.

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Suze: July 17, 2022 to welcome everybody to Suze School. So

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Suze: I'm sitting here and I'm thinking about

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Suze: really deeply thinking about what lesson, what can we learn

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Suze: in school today about investing and how everything works.

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Suze: And it dawns on me,

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Suze: the greatest lesson that all of us need to learn

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Suze: is about patience.

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Suze: We need a new perspective on investing

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Suze: because all of us

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Suze: have become so

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Suze: oriented to things happening so quickly.

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Suze: Like I'll never forget when I got the very first Mac,

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Suze: I can't believe I didn't keep it. But that's besides

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Suze: the point,

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Suze: those little square boxes

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Suze: that were the 512 Macs . And I remember

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Suze: my God, this is so fast, this is so great.

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Suze: And then as time went on, it was like, come on,

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Suze: why are you so slow?

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Suze: And that has evolved to Macs and pcs that are

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Suze: so fast right now. And if we open our computer

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Suze: and it doesn't open up immediately, we're like, come on,

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Suze: come on.

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Suze: It's almost as if technology has taught us how patience

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Suze: is not a virtue

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Suze: that everything needs to happen very, very quickly.

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Suze: And even if you look at the markets, whether it

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Suze: be the real estate market or the stock market

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Suze: over the past few years, everything has happened so quickly.

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Suze: I mean, even after 2006, 2008, when everything went down,

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Suze: when it finally turned

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Suze: In May of 2009, it started to go up

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Suze: and up and up the stock market

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Suze: so quickly. It's not even funny

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Suze: and then we hit the pandemic

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Suze: and then real estate took off so fast,

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Suze: so quickly that that wasn't even funny.

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Suze: Do you know that the normal increase of a piece

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Suze: of real estate is usually just 5% a year

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Suze: if that,

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Suze: But all of a sudden we started to see 20% 30%

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Suze: in some areas, 40% and we started to expect that

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Suze: we expected that the market, once it went down

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Suze: it would go right back up again

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Suze: because that's what the pandemic taught us.

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Suze: So we have now been wired

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Suze: in a very illogical way, believe it or not,

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Suze: that everything's got to happen quickly and if it doesn't

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Suze: happen quickly, something's wrong

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Suze: now because of computers and because of all the other

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Suze: things that are out there, your little iPhones, you can

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Suze: look at your stocks every day

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Suze: and you can watch them go up

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Suze: 20 points down 30 and you get totally confused.

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Suze: We need a new perspective on investing.

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Suze: The same now is happening with oil stocks, You know,

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Suze: oil stocks, energy stocks started to become the fabric of

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Suze: the stock market.

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Suze: They were the only thing that went up

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Suze: that only Did XLE go up. Did Devin go up?

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Suze: Did Pioneer go up? Did Chevron go up,

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Suze: but they were paying you a fabulous dividend besides.

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Suze: And then things started to turn

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Suze: and they went up quickly

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Suze: and then they went down

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Suze: even quicker

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Suze: and now all of you are looking at your money

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Suze: going

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Suze: oh my God they went down, I've lost money, what

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Suze: am I gonna do? Nothing's working and you get so

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Suze: seriously upset about it you get sidetracked

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Suze: from the goal of money

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Suze: and yes the goal of money is to make you

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Suze: feel secure.

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Suze: But that's not how any of you are feeling right

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Suze: now as you're watching your portfolios go down.

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Suze: So we need a new perspective on investing

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Suze: and so I want to start with energy stocks

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Suze: right here and right now.

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Suze: The greatest thing about energy stocks,

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Suze: especially the ones that I've been recommending to you

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Suze: are they are still paying a serious dividend.

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Suze: Eight

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Suze: Nine, 11%.

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Suze: They are very high dividends.

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Suze: Now obviously if you invested

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Suze: in energy stocks you had to do it in individual

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Suze: investment accounts and or retirement accounts

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Suze: you couldn't do that in your 401k. Or your 403 B.

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Suze: Or T. S. P. Because they don't sell individual stocks.

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Suze: So many of you invested

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Suze: outside of your retirement accounts in these stocks.

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Suze: And the great thing about these stocks as I just

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Suze: said a little bit ago

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Suze: is that they pay these extraordinary dividends.

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Suze: So let's project out for a few more years

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Suze: and let's say you're in your retirement now

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Suze: and now you want to start living off of this

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Suze: money

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Suze: once you want your money invested in such a place

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Suze: regardless of what it's worth.

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Suze: Once you want it invested in such a place that

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Suze: it's giving you an extraordinary income from it

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Suze: regardless of the value of the stock.

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Suze: As long as they're good quality stocks

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Suze: and they're paying you a fabulous dividend,

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Suze: then you will never sell it, you know, way back.

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Suze: When can you remember your parents saying,

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Suze: oh yeah, I have a lot of utility stocks. I

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Suze: live off the income of them.

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Suze: They didn't care if the stocks went up or the

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Suze: stocks went down because they were not going to sell

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Suze: them ever.

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Suze: They wanted to live off the income of those stocks.

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Suze: And in reality

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Suze: that is why you invest in the stock market.

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Suze: Obviously you want your money to grow and grow and

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Suze: grow and then at the time when it makes sense

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Suze: to invest it in such a way, so it generates

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Suze: income for you.

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Suze: But believe it or not, you're already invested

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Suze: In a way that's going to generate income for you

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Suze: if you've invested in energy stocks. But yet so many

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Suze: of you are so upset. I should have sold, I

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Suze: should have done this. XLE was at 90 now it's

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Suze: way down there again. So I get all that.

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Suze: But the great thing about dollar cost averaging

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Suze: is that as these stocks go down,

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Suze: remember their dividends are fixed.

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Suze: So let's just say you bought a stock, X, Y. Z. Stock, X, Y. Z.

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Suze: Energy stock

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Suze: and you purchased it

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Suze: at $50 a share

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Suze: And they are paying a $2.50 a year dividend that

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Suze: they pay you every quarter,

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Suze: Given that you actually bought it at $50 a share

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Suze: and you're getting $2.5 for it.

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Suze: That is a 5% return on your money.

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Suze: Now at the time

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Suze: 5% seemed fabulous given the fact that money markets and

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Suze: savings accounts

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Suze: a year or so ago we're paying nothing

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Suze: Now they're paying 1.2% amounts like that. But when you

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Suze: originally bought in to these energy stocks or this example

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Suze: It's paying you five

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Suze: and now the energy market has started to go down

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Suze: And the stock that you bought at 50

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Suze: let's just say

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Suze: It's at $25 a share,

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Suze: You've lost 50% of the value.

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Suze: But what has not changed is the dividend,

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Suze: The dividend is still $2.50.

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Suze: But now if you buy that stock

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Suze: Your yield is 10

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Suze: 10% people which is high today and it's really going

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Suze: to be high in my opinion for a long long time.

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Suze: Not only that,

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Suze: you're now starting to dollar cost average

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Suze: If you bought 100 shares at 50

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Suze: And now it's three months later or whatever it is,

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Suze: you buy another 100 shares. Your average cost bases is $37.50.

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Suze: If the stock is at 25 it's not impossible for

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Suze: it to easily get back.

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Suze: To $37.50,

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Suze: which is why I've been wanting you to dollar cost average,

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Suze: especially in these stocks.

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Suze: That are Paying such tremendous dividends

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Suze: now, let's just assume that this stock never returns,

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Suze: It stays at $25 a share, maybe it goes to

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Suze: $20 a share,

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Suze: you're still

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Suze: getting your income.

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Suze: And if you can just get a new perspective on investing,

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Suze: where you're looking at the income that it's generating for

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Suze: you versus the growth of the money,

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Suze: then you wouldn't care that it went down as long

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Suze: as it was a good quality stock

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Suze: and the dividends were absolutely secure. Are you understanding me

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Suze: now? I know everybody loves to see

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Suze: the value of their portfolios go up and up and up.

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Suze: It seriously hurts even when I look at my own

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Suze: portfolio and Katie's portfolio to see it down the millions

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Suze: of dollars that it is down.

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Suze: But I didn't invest for growth,

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Suze: I invested for income,

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Suze: what will give me the income

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Suze: for me to continue to live my lifestyle

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Suze: because you also have to remember if you're investing outside

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Suze: of a retirement account

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Suze: And you invest in something that's $20 a share.

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Suze: And now all of a sudden it goes all the

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Suze: way up to

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Suze: $100 a share, you have an $80 gain and it

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Suze: did it in a very short period of time

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Suze: under a year, if you sell it,

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Suze: half of that's going to go to ordinary income taxes

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Suze: via the state and federal tax levels, assuming your tax bracket.

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Suze: So rather than making $80, you really only made 40

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Suze: now,

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Suze: 40 is still a lot.

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Suze: But then what do you do with that money?

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Suze: What do you do?

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Suze: So I'm not saying that you want to invest in

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Suze: things that go down, that's not what I'm saying here,

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Suze: I'm saying to you that you have to think long

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Suze: term

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Suze: and the reason why you have a portion of your

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Suze: portfolio invested where in good quality dividend paying stocks

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Suze: that are paying you very high yield and you're still

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Suze: getting that with energy stocks

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Suze: that that will accomplish it for you

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Suze: now. Maybe there will come a day when energy stocks

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Suze: aren't worth anything. Their dividends are, you know in danger

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Suze: because they're not making money that day is not soon.

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Suze: And if you think that energy is not going to

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Suze: come back,

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Suze: I have a bridge to sell you

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Suze: because we still have not answered the original problem of

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Suze: why we bought energy stocks to begin with

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Suze: and we bought energy stocks to begin with because of

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Suze: the war in Ukraine,

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Suze: because of what was going to happen

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Suze: with Saudi Arabia and our relationship with them

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Suze: and how much oil really is going to be needed

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Suze: because the electrical cars that are being built and that

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Suze: everybody wants to buy right now, a lot of them,

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Suze: you can't get the parts for,

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Suze: we've also seen that china has still not come back

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Suze: online

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Suze: that they're still not driving that things like that still

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Suze: aren't happening.

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Suze: So we're going to have a tremendous demand for oil

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Suze: shortly here

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Suze: and that is in my opinion going to cause the

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Suze: price of oil to go up

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Suze: which then will be reflected back into the energy stocks.

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Suze: Now obviously you're not just invested in energy stocks, you're

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Suze: also invested where in the vanguard total stock market index fund,

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Suze: in the staple fund. Xlp you're invested in Noble N. O.

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Suze: B L. You're invested in things that are stable and

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Suze: totally diversified.

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Suze: And the reason that I want you to keep dollar

244
00:15:05,030 --> 00:15:06,560
Suze: cost averaging there

245
00:15:07,040 --> 00:15:11,150
Suze: if you can is because these markets

246
00:15:11,540 --> 00:15:14,060
Suze: are not going to go up

247
00:15:14,640 --> 00:15:19,640
Suze: until they solve the problem of inflation. Sure they might

248
00:15:19,640 --> 00:15:21,450
Suze: go up like they did on friday

249
00:15:22,240 --> 00:15:24,360
Suze: but they'll go back down again.

250
00:15:25,340 --> 00:15:27,860
Suze: They will not go up

251
00:15:28,640 --> 00:15:30,760
Suze: until inflation has peaked

252
00:15:31,240 --> 00:15:36,660
Suze: and there is absolute evidence that inflation is turning around

253
00:15:36,670 --> 00:15:40,060
Suze: and going down and down and down.

254
00:15:40,440 --> 00:15:44,310
Suze: Which is why I have been such an advocate of

255
00:15:44,310 --> 00:15:48,220
Suze: series I bonds and trying to figure out every possible

256
00:15:48,220 --> 00:15:51,660
Suze: way that you can put more and more money into

257
00:15:51,660 --> 00:15:53,060
Suze: Series I bombs

258
00:15:53,440 --> 00:15:57,750
Suze: which is also why I suggested on last thursday's podcast

259
00:15:57,960 --> 00:16:00,940
Suze: to seriously look into the gift box

260
00:16:01,440 --> 00:16:04,440
Suze: For those of you who have purchased series I bonds

261
00:16:04,470 --> 00:16:09,790
Suze: to think about purchasing another $10,000 in a gift box

262
00:16:09,800 --> 00:16:11,460
Suze: for somebody.

263
00:16:12,140 --> 00:16:16,130
Suze: Maybe that somebody can purchase up to $10,000 in their

264
00:16:16,130 --> 00:16:19,880
Suze: gift box for you and then you decide when you

265
00:16:19,880 --> 00:16:21,350
Suze: want to deliver them.

266
00:16:22,140 --> 00:16:25,300
Suze: So that is a way that you can also right

267
00:16:25,310 --> 00:16:31,250
Suze: now take advantage of the incredibly high interest rates that

268
00:16:31,260 --> 00:16:35,030
Suze: I bonds are offering. You remember everybody if you haven't

269
00:16:35,040 --> 00:16:36,660
Suze: bought I bonds yet.

270
00:16:37,240 --> 00:16:39,460
Suze: Don't be stupid.

271
00:16:39,840 --> 00:16:41,570
Suze: Like what are you thinking?

272
00:16:42,140 --> 00:16:45,310
Suze: Really if you have passed up buying an I Bond

273
00:16:46,940 --> 00:16:50,600
Suze: you're not smart enough to listen to the Suze Orman

274
00:16:50,610 --> 00:16:53,570
Suze: Women and Money podcast. I'm serious about that

275
00:16:53,940 --> 00:16:57,440
Suze: Because you are passing up one of the greatest opportunities

276
00:16:57,440 --> 00:17:00,100
Suze: in your life and don't sit there and tell me

277
00:17:00,110 --> 00:17:05,390
Suze: you don't have $10,000. The minimum is $25. You could

278
00:17:05,390 --> 00:17:07,949
Suze: buy $25 a month if you wanted to

279
00:17:08,640 --> 00:17:10,050
Suze: $50 a month.

280
00:17:10,540 --> 00:17:13,300
Suze: So when I see you or when I've talked to

281
00:17:13,300 --> 00:17:16,919
Suze: you and I've asked you did you buy I bonds yet?

282
00:17:16,930 --> 00:17:20,840
Suze: You say to me no, it's only $10,000. I really

283
00:17:20,840 --> 00:17:23,680
Suze: want to slap you. When you say that number one

284
00:17:23,690 --> 00:17:25,660
Suze: and number two, you go,

285
00:17:26,340 --> 00:17:28,170
Suze: I don't really want to lock my money up for

286
00:17:28,170 --> 00:17:30,660
Suze: a year. I'd rather just let it sit

287
00:17:31,440 --> 00:17:32,760
Suze: and do nothing. Really.

288
00:17:34,040 --> 00:17:35,859
Suze: What are you thinking,

289
00:17:36,240 --> 00:17:38,270
Suze: opportunities like this?

290
00:17:39,140 --> 00:17:42,930
Suze: Don't come along very often. This is the first time

291
00:17:42,940 --> 00:17:45,460
Suze: it's come along at this rate

292
00:17:46,040 --> 00:17:50,379
Suze: With this inflation rate in the past 41 years. We

293
00:17:50,380 --> 00:17:52,160
Suze: have not seen this.

294
00:17:53,040 --> 00:17:56,460
Suze: And remember the 9.26% interest rate

295
00:17:57,340 --> 00:18:00,890
Suze: That the I bonds are paying right now were given

296
00:18:00,900 --> 00:18:04,169
Suze: when inflation was like at 8.6%

297
00:18:06,140 --> 00:18:10,430
Suze: Inflation came in, higher, it came in at 9.1%. And

298
00:18:10,430 --> 00:18:13,850
Suze: we are not that far away from November

299
00:18:14,940 --> 00:18:17,460
Suze: now. Is inflation going to come less

300
00:18:17,840 --> 00:18:20,270
Suze: in the next months or so? I don't know.

301
00:18:20,940 --> 00:18:26,600
Suze: But I don't see inflation coming down to the 2% area,

302
00:18:26,609 --> 00:18:30,060
Suze: which is what the Feds are looking for overnight.

303
00:18:30,840 --> 00:18:35,130
Suze: It's not gonna happen. So stop thinking that everything is

304
00:18:35,130 --> 00:18:38,960
Suze: happening this quickly because it's not this is here to

305
00:18:38,960 --> 00:18:39,770
Suze: stay

306
00:18:40,140 --> 00:18:42,859
Suze: for a probably a serious period of time.

307
00:18:43,940 --> 00:18:47,359
Suze: Could be a year, it could be two years. But

308
00:18:47,359 --> 00:18:49,960
Suze: you do not solve this problem.

309
00:18:50,440 --> 00:18:53,669
Suze: That low interest rates, by the way created

310
00:18:54,740 --> 00:18:57,859
Suze: by simply raising interest rates a little bit.

311
00:18:58,940 --> 00:19:02,410
Suze: They have to start raising them a lot now on

312
00:19:02,410 --> 00:19:06,459
Suze: the July 26, 27th meeting that's coming up when the

313
00:19:06,460 --> 00:19:08,170
Suze: Feds will readjust again.

314
00:19:08,640 --> 00:19:12,270
Suze: All of a sudden they're pricing in a 1% interest rate.

315
00:19:12,820 --> 00:19:16,440
Suze: And what that will do to everybody is that should

316
00:19:16,440 --> 00:19:20,560
Suze: probably trickle down even though it's not directly correlated to

317
00:19:20,560 --> 00:19:23,949
Suze: mortgage rates, should start to continue to go up.

318
00:19:24,840 --> 00:19:27,060
Suze: We'll see if they do or they don't,

319
00:19:27,740 --> 00:19:33,030
Suze: we should start to see again hopefully Treasury notes and

320
00:19:33,030 --> 00:19:36,900
Suze: bills go up and I say hopefully because if we

321
00:19:36,900 --> 00:19:42,459
Suze: can get interest rates in treasuries to go up significantly

322
00:19:43,340 --> 00:19:47,070
Suze: And interest rates then start to go down. The Feds

323
00:19:47,080 --> 00:19:50,260
Suze: have started to control everything and then they start to

324
00:19:50,260 --> 00:19:54,040
Suze: lower the Fed funds rate. That's when all of you

325
00:19:54,040 --> 00:19:57,900
Suze: are absolutely gonna wanna be in 20 and 30 year

326
00:19:57,900 --> 00:19:59,360
Suze: Treasury bonds.

327
00:20:00,040 --> 00:20:05,210
Suze: Because if they start to go down you can make 18,20,30%

328
00:20:05,250 --> 00:20:09,210
Suze: in Treasuries with no risk to your money or just

329
00:20:09,210 --> 00:20:12,850
Suze: keep them because you've locked in a really great interest rate.

330
00:20:14,380 --> 00:20:16,860
Suze: Am I making sense to all of you?

331
00:20:17,940 --> 00:20:21,170
Suze: So just to be clear to go back for one second,

332
00:20:21,170 --> 00:20:24,770
Suze: to Series I bonds and gifting bonds

333
00:20:25,440 --> 00:20:28,770
Suze: when you open up your own individual.

334
00:20:29,240 --> 00:20:30,670
Suze: I Bond account

335
00:20:31,540 --> 00:20:36,160
Suze: and gift bonds cannot be in a trust account or

336
00:20:36,160 --> 00:20:41,350
Suze: a business account. They're only in an individual personal account.

337
00:20:42,440 --> 00:20:44,060
Suze: And you open that up.

338
00:20:44,440 --> 00:20:48,920
Suze: You'll see that you also have the ability to gift

339
00:20:49,000 --> 00:20:50,560
Suze: anybody you want

340
00:20:51,040 --> 00:20:53,670
Suze: Up to $10,000 a year.

341
00:20:54,940 --> 00:20:59,950
Suze: The difference is you can't deliver those bonds

342
00:21:00,340 --> 00:21:04,190
Suze: To that person if that person has already for this year,

343
00:21:04,190 --> 00:21:10,250
Suze: for instance, invested the maximum $10,000 in series I bonds

344
00:21:10,400 --> 00:21:11,670
Suze: in a personal account.

345
00:21:12,440 --> 00:21:16,699
Suze: You can't deliver it to them. But that doesn't mean

346
00:21:16,970 --> 00:21:22,230
Suze: that it doesn't grow and grow at today's interest rates

347
00:21:22,230 --> 00:21:24,050
Suze: that I bonds are offering.

348
00:21:24,740 --> 00:21:26,560
Suze: So let's say you do that.

349
00:21:27,140 --> 00:21:31,359
Suze: And now for six months you earn 9.62% or maybe

350
00:21:31,359 --> 00:21:34,419
Suze: the next rate after your six months are up, it's

351
00:21:34,420 --> 00:21:36,560
Suze: at another 9.62%

352
00:21:37,040 --> 00:21:40,830
Suze: Six months after that. Maybe it goes to 7% 6

353
00:21:40,830 --> 00:21:43,670
Suze: months after that, maybe it goes to 5%

354
00:21:44,540 --> 00:21:48,409
Suze: and then you decide interest rates are going down. I

355
00:21:48,410 --> 00:21:52,409
Suze: bonds really aren't offering you much more now than you

356
00:21:52,410 --> 00:21:55,270
Suze: could get anywhere else. Let's just say that's true.

357
00:21:56,340 --> 00:22:00,530
Suze: That's when you decide to deliver them to the person

358
00:22:00,530 --> 00:22:02,160
Suze: you bought them for

359
00:22:02,540 --> 00:22:06,180
Suze: and if somebody bought them for you, they deliver it

360
00:22:06,190 --> 00:22:06,950
Suze: to you

361
00:22:07,690 --> 00:22:10,960
Suze: to your treasury direct dot Gov account

362
00:22:11,540 --> 00:22:16,639
Suze: just in that year. You don't purchase new I bonds

363
00:22:16,640 --> 00:22:17,560
Suze: for yourself.

364
00:22:18,240 --> 00:22:20,360
Suze: So you can be gifted

365
00:22:20,740 --> 00:22:24,750
Suze: whatever is in that gift box that somebody bought for

366
00:22:24,750 --> 00:22:27,460
Suze: you or you bought for somebody else.

367
00:22:28,240 --> 00:22:34,359
Suze: So at $10,000. And let's just say it stays at 9.62%,

368
00:22:34,630 --> 00:22:37,060
Suze: that's $962 a year

369
00:22:37,740 --> 00:22:38,760
Suze: for the interest,

370
00:22:39,840 --> 00:22:43,290
Suze: Let's say, then it goes down to 8%. Now you

371
00:22:43,290 --> 00:22:47,360
Suze: have $10,962 making 8%.

372
00:22:48,240 --> 00:22:49,770
Suze: So it's growing.

373
00:22:50,440 --> 00:22:54,060
Suze: And whatever that growing amount happens to become,

374
00:22:54,440 --> 00:22:57,649
Suze: that is the amount that you can deliver. And I

375
00:22:57,650 --> 00:23:01,280
Suze: keep using the word deliver because that is the actual

376
00:23:01,280 --> 00:23:05,840
Suze: word that's used to describe when you deliver a gift

377
00:23:05,850 --> 00:23:06,949
Suze: to somebody.

378
00:23:07,740 --> 00:23:10,949
Suze: So everything that is in that box for them,

379
00:23:11,640 --> 00:23:14,060
Suze: no matter what the value is,

380
00:23:14,540 --> 00:23:18,780
Suze: you can deliver that gift box to that person and

381
00:23:18,780 --> 00:23:20,770
Suze: that person could deliver you

382
00:23:21,240 --> 00:23:24,969
Suze: a gift box as well. If you have somebody you

383
00:23:24,970 --> 00:23:25,950
Suze: can do that with

384
00:23:26,340 --> 00:23:29,460
Suze: Now KT and I actually did that last week

385
00:23:30,440 --> 00:23:32,330
Suze: and I have to tell you, I think that was

386
00:23:32,330 --> 00:23:36,460
Suze: one of the most brilliant ideas I've ever come up with.

387
00:23:37,340 --> 00:23:39,460
Suze: If you have minors,

388
00:23:39,840 --> 00:23:43,680
Suze: you can only do it in a minor account under

389
00:23:43,680 --> 00:23:46,169
Suze: your own individual treasury Direct

390
00:23:46,540 --> 00:23:47,670
Suze: dot Gov account.

391
00:23:48,240 --> 00:23:52,909
Suze: When you deliver a gift box to somebody, that person

392
00:23:52,920 --> 00:23:57,250
Suze: has to have their own treasury direct dot gov account

393
00:23:57,619 --> 00:24:00,560
Suze: because that's where it gets delivered to.

394
00:24:01,440 --> 00:24:04,510
Suze: You do not owe taxes on that money. They do

395
00:24:04,510 --> 00:24:06,270
Suze: not owe taxes on that money.

396
00:24:06,740 --> 00:24:07,460
Suze: That money

397
00:24:07,840 --> 00:24:12,230
Suze: stays non taxed until you decide you want to redeem

398
00:24:12,230 --> 00:24:13,360
Suze: some of that money

399
00:24:13,940 --> 00:24:17,480
Suze: And you don't have to redeem it for 30 years

400
00:24:17,480 --> 00:24:20,300
Suze: from the time you made the purchase.

401
00:24:20,940 --> 00:24:24,910
Suze: So every I Bond that you purchase has its own

402
00:24:24,910 --> 00:24:26,550
Suze: 30 year term.

403
00:24:27,140 --> 00:24:31,370
Suze: Remember I bonds cannot be cashed in within the first

404
00:24:31,369 --> 00:24:35,060
Suze: year at all. From years 2 to 5

405
00:24:35,640 --> 00:24:38,950
Suze: you'll pay a three month interest penalty. So if you're

406
00:24:38,950 --> 00:24:39,770
Suze: doing this,

407
00:24:40,240 --> 00:24:42,810
Suze: hey, I wouldn't have a problem keeping them for five

408
00:24:42,810 --> 00:24:43,959
Suze: years at all.

409
00:24:45,340 --> 00:24:48,850
Suze: When you do a gift, you deliver it,

410
00:24:49,340 --> 00:24:52,459
Suze: nobody owes taxes on that gift

411
00:24:52,940 --> 00:24:55,550
Suze: until that person redeems

412
00:24:56,040 --> 00:25:00,450
Suze: a portion or all of their bonds up to them.

413
00:25:01,040 --> 00:25:03,050
Suze: Now, am I making sense to you?

414
00:25:03,980 --> 00:25:06,639
Suze: The other thing is let's go back just a little

415
00:25:06,640 --> 00:25:07,350
Suze: bit more

416
00:25:07,740 --> 00:25:11,600
Suze: to the vanguard total stock market index fund as well

417
00:25:11,600 --> 00:25:12,959
Suze: as XLP

418
00:25:13,440 --> 00:25:14,550
Suze: staples

419
00:25:14,940 --> 00:25:16,459
Suze: really have held

420
00:25:17,140 --> 00:25:20,570
Suze: from the time we said let's buy them do I

421
00:25:20,570 --> 00:25:23,480
Suze: wish I had told you to buy them earlier. Of

422
00:25:23,480 --> 00:25:24,670
Suze: course I do.

423
00:25:25,440 --> 00:25:28,330
Suze: So originally when we said to buy them there were

424
00:25:28,330 --> 00:25:34,260
Suze: about $78 a share they are now, about $73 a share.

425
00:25:34,640 --> 00:25:38,629
Suze: So we're down about 6.4%, but we're still making about

426
00:25:38,630 --> 00:25:42,460
Suze: a 2% dividend and I do think it's totally possible

427
00:25:42,840 --> 00:25:46,040
Suze: that you'll see that continue to go back up again,

428
00:25:46,180 --> 00:25:48,660
Suze: but on some level if you compare that

429
00:25:49,140 --> 00:25:55,170
Suze: To the total demise of so many stocks that are down, 20,30, 40, 50%.

430
00:25:56,040 --> 00:25:57,660
Suze: It's a stable way

431
00:25:58,040 --> 00:26:00,560
Suze: to invest and hopefully get growth.

432
00:26:01,640 --> 00:26:05,030
Suze: So I wouldn't be freaked about any of this.

433
00:26:05,440 --> 00:26:08,600
Suze: So we all come back to the title of this

434
00:26:08,600 --> 00:26:12,960
Suze: Suze School which is, we need a new perspective on investing.

435
00:26:14,040 --> 00:26:18,060
Suze: We need something where you start looking at your money

436
00:26:18,770 --> 00:26:22,460
Suze: in the terms of what you really want from it,

437
00:26:22,590 --> 00:26:24,550
Suze: not right today,

438
00:26:25,240 --> 00:26:29,120
Suze: not in the next month, not in the next three months,

439
00:26:30,140 --> 00:26:33,929
Suze: But what do you want from it? Long term, five

440
00:26:33,930 --> 00:26:37,510
Suze: years from now, 10 years from now, 30 or 40

441
00:26:37,510 --> 00:26:40,090
Suze: years from now or there might be those of you

442
00:26:40,090 --> 00:26:40,850
Suze: out there

443
00:26:41,240 --> 00:26:44,960
Suze: that are old like me and what you want from

444
00:26:44,960 --> 00:26:47,170
Suze: it is simply income

445
00:26:47,740 --> 00:26:49,270
Suze: if that's true,

446
00:26:50,040 --> 00:26:53,810
Suze: this is such a fabulous time for you because the

447
00:26:53,810 --> 00:26:58,540
Suze: stocks are down, which means stocks that pay dividends, their

448
00:26:58,540 --> 00:27:00,169
Suze: dividend yields are up.

449
00:27:00,740 --> 00:27:02,720
Suze: I explained that to you at the beginning of this

450
00:27:02,790 --> 00:27:07,850
Suze: podcast so you could set yourself up so nicely

451
00:27:08,240 --> 00:27:12,690
Suze: if you didn't worry about the fluctuations of the market

452
00:27:12,700 --> 00:27:15,420
Suze: and you only looked at the income that it was

453
00:27:15,420 --> 00:27:16,959
Suze: providing for you.

454
00:27:17,940 --> 00:27:20,760
Suze: So that's just something for you to think about. Also

455
00:27:20,760 --> 00:27:25,949
Suze: for those of you who are doing conversions from traditional

456
00:27:25,960 --> 00:27:29,850
Suze: Iras or 401 Ks into

457
00:27:30,440 --> 00:27:34,160
Suze: retirement accounts like a Roth ira

458
00:27:34,940 --> 00:27:38,770
Suze: what a fabulous time because stocks are down

459
00:27:39,340 --> 00:27:42,320
Suze: so you're not going to owe as much income when

460
00:27:42,320 --> 00:27:44,170
Suze: you do a conversion.

461
00:27:45,240 --> 00:27:50,220
Suze: So for instance, it was January, you had a stock

462
00:27:50,220 --> 00:27:51,959
Suze: that was $100 a share

463
00:27:52,340 --> 00:27:54,050
Suze: and you were going to convert it

464
00:27:54,540 --> 00:27:56,060
Suze: to a Roth ira,

465
00:27:57,040 --> 00:28:00,669
Suze: You would pay income tax on $100 a share.

466
00:28:01,440 --> 00:28:04,350
Suze: Now that stock is at 30,

467
00:28:05,220 --> 00:28:09,060
Suze: You still have to owe income tax on $100 a share.

468
00:28:09,940 --> 00:28:13,260
Suze: Now if you were to convert it, you're only going

469
00:28:13,260 --> 00:28:16,690
Suze: to owe income tax on a stack that's at $30

470
00:28:16,690 --> 00:28:19,169
Suze: a share. Far less than 100.

471
00:28:19,840 --> 00:28:24,000
Suze: So there are really silver linings in a market that

472
00:28:24,000 --> 00:28:27,980
Suze: goes down, things that you could take advantage of that

473
00:28:27,980 --> 00:28:30,160
Suze: would have cost you so much more.

474
00:28:30,540 --> 00:28:33,170
Suze: If these markets were going up and up,

475
00:28:34,040 --> 00:28:38,190
Suze: I have found that over all my years of investing

476
00:28:38,540 --> 00:28:41,860
Suze: the most money and the most income

477
00:28:42,340 --> 00:28:44,170
Suze: that I've set up for myself

478
00:28:44,740 --> 00:28:50,050
Suze: Happened to happen in the years 2007 and 2008

479
00:28:50,440 --> 00:28:53,170
Suze: I took total advantage of that.

480
00:28:54,040 --> 00:28:58,750
Suze: I also took total advantage of interest rates being high

481
00:28:58,750 --> 00:29:01,290
Suze: back then and things that were going on and I

482
00:29:01,290 --> 00:29:05,790
Suze: was able to buy municipal bonds for 45 and 6%

483
00:29:05,800 --> 00:29:08,460
Suze: tax free that I still own.

484
00:29:09,440 --> 00:29:14,230
Suze: So during down markets rather than being depressed rather than

485
00:29:14,230 --> 00:29:16,890
Suze: not knowing what to do. I want you to get

486
00:29:16,900 --> 00:29:20,270
Suze: a new perspective on investing

487
00:29:20,940 --> 00:29:24,270
Suze: because these are the years of opportunity.

488
00:29:24,640 --> 00:29:27,820
Suze: These are the years whether you are looking for income

489
00:29:27,850 --> 00:29:30,550
Suze: or you are looking to make your money grow

490
00:29:31,140 --> 00:29:35,270
Suze: or whatever it may be. These are the years that

491
00:29:35,270 --> 00:29:37,260
Suze: you set that foundation.

492
00:29:37,640 --> 00:29:41,160
Suze: What you also have to do however, is set your

493
00:29:41,170 --> 00:29:42,950
Suze: expectations correct

494
00:29:43,940 --> 00:29:46,719
Suze: Because you are not going to see these stocks in

495
00:29:46,720 --> 00:29:50,480
Suze: my opinion that we're at $400 a share and now

496
00:29:50,480 --> 00:29:54,800
Suze: they're at 40, be back at $400 a share in

497
00:29:54,800 --> 00:29:58,550
Suze: one year from now is not going to happen

498
00:29:59,200 --> 00:30:00,360
Suze: the other day.

499
00:30:00,840 --> 00:30:04,640
Suze: I said on Ask Suze and KT anything that it

500
00:30:04,640 --> 00:30:06,560
Suze: could take until 2027.

501
00:30:07,840 --> 00:30:09,160
Suze: And I meant that

502
00:30:09,740 --> 00:30:12,260
Suze: I absolutely meant that.

503
00:30:12,940 --> 00:30:15,550
Suze: So we need time here everybody.

504
00:30:16,140 --> 00:30:19,580
Suze: So I don't want you to continue to get, oh

505
00:30:19,580 --> 00:30:21,170
Suze: my God, what should I do?

506
00:30:21,640 --> 00:30:23,950
Suze: And now I just want to touch on real estate

507
00:30:23,950 --> 00:30:25,960
Suze: for one second very quickly here

508
00:30:26,340 --> 00:30:30,170
Suze: you have to keep the perspective of real estate

509
00:30:30,540 --> 00:30:32,160
Suze: really in line

510
00:30:32,940 --> 00:30:35,060
Suze: because a lot of you have said to me, I'm

511
00:30:35,060 --> 00:30:37,560
Suze: getting out of the market and I'm going into real estate.

512
00:30:38,340 --> 00:30:42,770
Suze: There's a big difference between the stock market and real estate,

513
00:30:43,540 --> 00:30:46,920
Suze: the stock market, you can sell it at any time

514
00:30:46,920 --> 00:30:47,770
Suze: you want

515
00:30:48,640 --> 00:30:51,860
Suze: real estate, you never know when you might get yourself

516
00:30:51,860 --> 00:30:56,260
Suze: in a situation where nobody is interested in buying right now.

517
00:30:57,040 --> 00:31:00,550
Suze: So real estate is an illiquid investment,

518
00:31:01,240 --> 00:31:04,920
Suze: you cannot sell it immediately like you can with stocks,

519
00:31:04,930 --> 00:31:09,469
Suze: there is no cost to keeping stocks, real estate, you

520
00:31:09,470 --> 00:31:14,260
Suze: have property taxes, you have insurance and you have maintenance.

521
00:31:14,740 --> 00:31:17,950
Suze: So I just ask you all to think about that,

522
00:31:18,520 --> 00:31:21,920
Suze: don't use what happened in the past two years to

523
00:31:21,920 --> 00:31:24,620
Suze: the real estate that maybe you bought and think that

524
00:31:24,620 --> 00:31:28,660
Suze: that's going to continue, it is not going to continue.

525
00:31:29,840 --> 00:31:35,020
Suze: Real estate will absolutely slow down. I've said to you before,

526
00:31:35,030 --> 00:31:37,850
Suze: I don't think it will go down down

527
00:31:38,240 --> 00:31:40,400
Suze: do I think people who are selling are going to

528
00:31:40,400 --> 00:31:44,000
Suze: have to lower their expectations in terms of the time

529
00:31:44,000 --> 00:31:47,260
Suze: to sell as well as their selling price. Oh you

530
00:31:47,260 --> 00:31:48,350
Suze: bet I do,

531
00:31:49,040 --> 00:31:51,560
Suze: but that doesn't mean you're going to lose out on

532
00:31:51,560 --> 00:31:52,760
Suze: your investment.

533
00:31:53,820 --> 00:31:56,620
Suze: So if you bought something for 300,000 and all of

534
00:31:56,620 --> 00:31:59,360
Suze: a sudden it's at 400,000 now.

535
00:32:00,240 --> 00:32:00,770
Suze: Well

536
00:32:01,240 --> 00:32:04,330
Suze: we'll have to see what happens. But real estate is

537
00:32:04,330 --> 00:32:08,250
Suze: still a pretty solid investment. You just have to be

538
00:32:08,250 --> 00:32:11,350
Suze: careful with it and not go crazy.

539
00:32:12,040 --> 00:32:15,690
Suze: Alright that is what I wanted to tell all of

540
00:32:15,690 --> 00:32:16,450
Suze: you today

541
00:32:16,840 --> 00:32:19,820
Suze: because so many of you are sending in emails to

542
00:32:19,820 --> 00:32:24,310
Suze: ask suze podcast S. U. Z. E. Podcast at gmail dot

543
00:32:24,310 --> 00:32:30,490
Suze: com to ask questions that we answer on Thursdays. Ask

544
00:32:30,490 --> 00:32:32,860
Suze: KT and Suze Anything podcast

545
00:32:33,540 --> 00:32:34,050
Suze: and

546
00:32:34,440 --> 00:32:37,170
Suze: you're worried you're really really worried.

547
00:32:37,740 --> 00:32:40,810
Suze: The other thing that I just want to reiterate is

548
00:32:40,820 --> 00:32:44,850
Suze: inflation is not going away anytime soon.

549
00:32:45,440 --> 00:32:49,670
Suze: Yes I understand that commodity prices have gone down

550
00:32:50,140 --> 00:32:54,120
Suze: lumber and all those kinds of things aluminum far cheaper

551
00:32:54,120 --> 00:32:55,360
Suze: right now than they were

552
00:32:56,440 --> 00:33:00,960
Suze: that I haven't really seen gasoline go down that much.

553
00:33:01,440 --> 00:33:03,960
Suze: I haven't seen food go down

554
00:33:04,840 --> 00:33:08,560
Suze: so until they tackle inflation

555
00:33:09,340 --> 00:33:13,960
Suze: until they get decreasing C. P. I. Numbers.

556
00:33:15,540 --> 00:33:18,120
Suze: I don't think you're going to see this market go

557
00:33:18,120 --> 00:33:18,960
Suze: straight up

558
00:33:19,540 --> 00:33:22,910
Suze: or really react the way that you want. So I

559
00:33:22,910 --> 00:33:25,060
Suze: just want you to remember that.

560
00:33:25,440 --> 00:33:26,850
Suze: All right everybody.

561
00:33:27,340 --> 00:33:31,440
Suze: Are you taking advantage of the Alliant credit Union account?

562
00:33:31,450 --> 00:33:35,510
Suze: Have you all also gone to my alliant dot com

563
00:33:35,520 --> 00:33:36,960
Suze: to check it out.

564
00:33:37,540 --> 00:33:40,380
Suze: Now remember sometime this year we're going to have a

565
00:33:40,380 --> 00:33:41,670
Suze: sweepstakes coming up

566
00:33:42,140 --> 00:33:43,960
Suze: and you want to be able to be entered in

567
00:33:43,960 --> 00:33:48,230
Suze: that So to take advantage of that. And one other

568
00:33:48,230 --> 00:33:51,990
Suze: thing that is going to happen I hope in August

569
00:33:52,000 --> 00:33:54,459
Suze: maybe September you're gonna love.

570
00:33:54,940 --> 00:33:57,760
Suze: So take advantage of these little things.

571
00:33:58,240 --> 00:34:00,270
Suze: Also I do want to say one other thing.

572
00:34:00,640 --> 00:34:02,550
Suze: There's nothing wrong sitting in cash

573
00:34:03,540 --> 00:34:06,640
Suze: if that is where you feel safe and sound and

574
00:34:06,640 --> 00:34:10,040
Suze: you want to have a serious sum of cash. Just

575
00:34:10,050 --> 00:34:14,280
Suze: make sure that it is protected by either F. D. I. C.

576
00:34:14,280 --> 00:34:18,520
Suze: Insurance or N. C. U. A. Insurance for credit unions.

577
00:34:18,530 --> 00:34:21,859
Suze: I did another podcast a while ago

578
00:34:22,040 --> 00:34:23,660
Suze: and how you can increase

579
00:34:23,940 --> 00:34:26,160
Suze: That $250,000 limit

580
00:34:26,870 --> 00:34:29,549
Suze: so you might want to listen to that podcast.

581
00:34:29,940 --> 00:34:32,460
Suze: But there's nothing wrong with that

582
00:34:33,140 --> 00:34:37,330
Suze: again. I still like Treasury bills. I still like Treasury notes.

583
00:34:37,340 --> 00:34:40,850
Suze: Don't really go out further than five years though everybody

584
00:34:41,440 --> 00:34:42,549
Suze: and there you go.

585
00:34:43,239 --> 00:34:44,170
Suze: So that

586
00:34:44,739 --> 00:34:47,050
Suze: is the Suze School for today

587
00:34:47,440 --> 00:34:50,270
Suze: and I hope not only did it give you a

588
00:34:50,270 --> 00:34:52,469
Suze: new perspective on investing,

589
00:34:53,239 --> 00:34:55,360
Suze: I hope that it inspires you

590
00:34:55,940 --> 00:34:57,259
Suze: to remain safe,

591
00:34:57,840 --> 00:34:59,850
Suze: Strong and secure.

592
00:35:00,440 --> 00:35:07,609
Suze: Talk to you on Thursday, which is KT's birthday. Yeah, everybody.

593
00:35:07,620 --> 00:35:08,359
Suze: Bye bye.

594
00:35:09,640 --> 00:35:09,859
Music: Music Out