Podcast Episode - Nothing Is Normal

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Right now, nothing is normal in the economy. Suze explains what’s happening with oil and energy stocks, real estate and Bitcoin, so you can keep your money safe and secure.

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Podcast Transcript:

00:00:34
Suze: June 19th, 2022 June 19th Oh, today is a great day

00:00:43
Suze: because today is Father's day. So to all the fathers out there,

00:00:48
Suze: Suze, O here wishing all of you, one of the greatest days of your life.

00:00:54
Suze: Today is the day that we also honor Juneteenth

00:00:57
Suze: and what went on today years and years ago.

00:01:02
Suze: And so we honor that as well. And we honor one of KT's best friends, Annabelle, who lives in Puerto rico now,

00:01:14
Suze: It is her 75th birthday to day.

00:01:18
Suze: So it seems like today

00:01:21
Suze: is a really, really great day.

00:01:24
Suze: Welcome everybody to the Women and Money podcast

00:01:29
Suze: and all of you smart enough to listen.

00:01:33
Suze: Well

00:01:36
Suze: I'm almost speechless

00:01:38
Suze: and I'm speechless because last week in the market in the investment world

00:01:45
Suze: was

00:01:47
Suze: a week that I don't think anybody

00:01:50
Suze: expected on any level.

00:01:53
Suze: What's so interesting right now about investing and trying to come up with the right answers and the right solutions and everything is nothing,

00:02:04
Suze: absolutely nothing is normal.

00:02:09
Suze: You can have a company

00:02:11
Suze: that makes a lot of money

00:02:14
Suze: and yet their stock still goes down.

00:02:17
Suze: You can have oil

00:02:19
Suze: itself going up.

00:02:21
Suze: But oil stocks going down,

00:02:25
Suze: You have a .75% raise

00:02:30
Suze: by the feds on Wednesday of last week,

00:02:33
Suze: Something they haven't done forever like in 40 years.

00:02:38
Suze: And even though everybody feels like that's normal,

00:02:41
Suze: it's not normal

00:02:44
Suze: and everything that is happening has a really serious ramification.

00:02:52
Suze: So we're in a situation where we have incredibly high inflation, 8.6%.

00:02:58
Suze: And what that means to all of you

00:03:01
Suze: is that you're paying more for essentially everything. Your dollar doesn't go as far. So your dollar

00:03:12
Suze: is actually shrinking in what it will buy for you

00:03:16
Suze: now that

00:03:18
Suze: no level is good for the economy.

00:03:22
Suze: The other person that it's not good for is the President of the United States.

00:03:27
Suze: Because the only thing that president Biden right now is being judged on is the economy.

00:03:34
Suze: And everybody, whether it's rightfully or wrongfully are blaming him for the fact that we have such high inflation for the fact that gas prices, oil prices are so high.

00:03:48
Suze: Now, I can go on and talk about how everything else is high, but everything is contingent on oil.

00:03:58
Suze: And right now it seems as if oil has a target on its back.

00:04:04
Suze: And the reason that is, is that this administration again, rightfully or wrongfully, that's not the point here

00:04:13
Suze: wants the price of gasoline to calm down.

00:04:18
Suze: If the price of oil, henceforth gasoline, what you are paying at the pump comes down, inflation starts to come down

00:04:28
Suze: because if oil comes down,

00:04:32
Suze: it's not as expensive to ship if you're shipping food and things like that in trucks, it's not as expensive to make certain types of things, Maybe plastic, things like that. And so eventually the price of food will come down somewhat as well.

00:04:50
Suze: There are other problems with food and food shortages, but that's not what they're thinking about right now right now, they are concentrated on oil.

00:05:00
Suze: oil companies so much so that they're inviting all of the energy companies to come and see them?

00:05:07
Suze: They need to talk to them

00:05:09
Suze: because they need oil to come down.

00:05:14
Suze: Okay

00:05:15
Suze: so now what do all of you do

00:05:18
Suze: if you're invested in oil companies, energy companies, natural gas companies, what do you do? Because now you are seeing some significant losses

00:05:31
Suze: from the top of where many of these E. T. S. And stocks happened to be

00:05:39
Suze: X. L. E down considerably. Chevron down considerably.

00:05:44
Suze: Pioneer down considerably.

00:05:47
Suze: Devin down considerably. Diamondback down considerably and on and on.

00:05:54
Suze: So what should you do?

00:05:57
Suze: This is where it becomes very difficult for somebody like me

00:06:01
Suze: because I like oil still

00:06:05
Suze: I get that it has a target on its back

00:06:08
Suze: but I'm still trying to be

00:06:11
Suze: common sense here

00:06:13
Suze: and going, we still have a supply shortage, we still have more demand China still is essentially locked up. What happens when they come out and they start to travel again and drive again there just isn't enough oil.

00:06:29
Suze: So is oil going down right now because everybody wants it to go down?

00:06:36
Suze: Is it possible oil is also going down because it is the only thing

00:06:42
Suze: That went up at all. I mean even though some of these companies are down right now considerably, they're still up like 30, on the year.

00:06:51
Suze: They're also paying an incredibly high dividend and the lower they go, if you happen to buy again, the higher that dividend really is to you because you didn't pay as much to buy it.

00:07:02
Suze: But is it possible

00:07:04
Suze: that many people who have significant gains in oil here, the energy stocks, are they also just saying I am out of anything and everything?

00:07:15
Suze: I've had it, I still made money, I'm still up, I'm selling.

00:07:21
Suze: So is it possible that oil and oil companies were so affected

00:07:27
Suze: Because of those two things?

00:07:30
Suze: Maybe? Yes, maybe, no, I'm not exactly sure and I don't know, but I have an inkling that that's what happened with them. So again, what do you do?

00:07:42
Suze: And I was saying that's why it makes it so hard for somebody like me because I don't know where did you buy in? How much of a profit do you have?

00:07:51
Suze: You know, what is your situation, have you held it for at least a year

00:07:56
Suze: because if you only bought it a little while ago and you don't have a year as to where you have held it if you sell it now it is gain, you're going to pay ordinary income tax on it.

00:08:08
Suze: So are you better off holding it

00:08:10
Suze: anyway then

00:08:12
Suze: or have you held it for a year or longer and now you would only pay capital gains tax?

00:08:19
Suze: Maybe it makes sense in your particular situation to sell, Maybe you need money, maybe this is in your retirement account, maybe, I don't know all of your individual situations.

00:08:33
Suze: So all I can do is tell you what I think,

00:08:37
Suze: that does not mean that it's right

00:08:39
Suze: and that does not mean that it is meant for you

00:08:44
Suze: in your situation.

00:08:47
Suze: But the way that I have looked

00:08:49
Suze: at all the things that I have recommended to you

00:08:54
Suze: is I have said to you over and over again,

00:08:58
Suze: the way that you invest

00:09:01
Suze: is by dollar cost averaging. You do not

00:09:04
Suze: just buy something and that's it.

00:09:08
Suze: That is not how you do it. Even if all you have to invest is $50 period, you're not going to have more than $50 to invest.

00:09:18
Suze: Then can you just take $5 every month and then buy slices

00:09:24
Suze: And buy what you want to buy over a period of time, but don't put that $50 in all at one lump sum. Did I not tell you that? I most certainly have.

00:09:37
Suze: So therefore,

00:09:39
Suze: if you're in a situation

00:09:41
Suze: where you have been dollar cost averaging

00:09:45
Suze: and you started to dollar cost average maybe

00:09:50
Suze: a month or two ago

00:09:52
Suze: and now a lot of these oil companies that you have bought

00:09:57
Suze: are down considerably, okay

00:10:01
Suze: here you are, maybe a month later. Now on days like this or whatever it may be

00:10:07
Suze: by an equal amount.

00:10:10
Suze: Again, you dollar cost average and hopefully you're dollar cost averaging down

00:10:18
Suze: where things are getting cheaper

00:10:21
Suze: rather than dollar cost averaging up where you bought in and now the markets are going up and every time you buy it gets more expensive

00:10:30
Suze: in markets like that, you probably want to do lump sums but that is not the type of market we are in.

00:10:38
Suze: So this is

00:10:39
Suze: just something I want to say to all of you

00:10:43
Suze: because I know you're confused what to do.

00:10:47
Suze: X. L. E.

00:10:49
Suze: Is an E. T. F. That is like a basket of energy companies

00:10:54
Suze: and we started to talk or I started to talk about X. L. E. Over two years ago and many of you got in, most of you got in when it was about $35 a share

00:11:07
Suze: and now

00:11:09
Suze: You know it's in the mid 70's

00:11:11
Suze: So you have a tremendous gain because after we started to buy it at 35 it went down and down into the twenties and it turned around so

00:11:23
Suze: you're doing fabulous, you're going to have to decide

00:11:27
Suze: what do you want to do

00:11:29
Suze: Once it broke 77, it broke a major support level for itself

00:11:36
Suze: and all of you know if you listen to the podcast,

00:11:40
Suze: what a support level is,

00:11:42
Suze: it's the support of a stock and when a stock normally hits that level, it usually bounces off of it and goes higher if it goes through it.

00:11:54
Suze: So XLE went through its $77 support level

00:12:00
Suze: that means it's breaking down,

00:12:02
Suze: is it possible that will go back up again. Is it probable. Uh huh

00:12:07
Suze: But you may just want to say you know what I am happy with what I have, I'm not quite understanding what's happening in these markets and why it's doing what it's doing and maybe you sell, maybe you sell half

00:12:20
Suze: or maybe you say to yourself,

00:12:22
Suze: you know what Suze, I don't actually care whether it goes up or down or whatever. I love the dividends it's paying me, I believe in it. I think oil is going to go back up, maybe I'm gonna keep it.

00:12:33
Suze: So that's what you may be thinking if you happen to buy it

00:12:37
Suze: When it was in the high 80s or high or low 90s just a little bit ago

00:12:43
Suze: or you bought anything else when it was a whole lot higher now, maybe 10 15% even higher than where it is right now,

00:12:51
Suze: you would be dollar cost averaging

00:12:54
Suze: and if you have time on your side, you have years or whatever,

00:12:58
Suze: I have to say, I would watch it here and see what happens and I would continue to dollar cost average into it.

00:13:04
Suze: I am waiting once again

00:13:07
Suze: to buy more of certain energy companies because I do think they possibly could go lower here

00:13:13
Suze: because there is a target on their back

00:13:16
Suze: but I still love the dividends and the variable dividends that they are paying.

00:13:22
Suze: I mean if you know some of these companies continue down Pioneer and whatever and you buy them

00:13:30
Suze: Pretty soon their dividend and everything will be almost 20% to you possibly.

00:13:35
Suze: So it just depends how you want to view, how you're going to make money. Do you make it on growth or do you make it on dividends? Do you do things like that?

00:13:48
Suze: So that's how I feel about oil right now Again, I still think

00:13:55
Suze: that we don't have enough supply to meet the demand,

00:13:59
Suze: but let's just see what strings somebody is pulling

00:14:04
Suze: and that will dictate a lot

00:14:07
Suze: in terms of real estate,

00:14:09
Suze: real estate kind of has a target on its back to

00:14:13
Suze: because you heard

00:14:15
Suze: If you listen to it, Jerome Powell after he raised interest rates .7, for the Feds.

00:14:23
Suze: Now I'm summarizing what I heard him say, we need to get control over mortgage interest rate in terms of making it so that houses go down again.

00:14:34
Suze: So that millennials have a chance to enter the market.

00:14:38
Suze: So you could tell that he is very, very serious

00:14:43
Suze: right now about cutting down inflation

00:14:48
Suze: about bringing up the unemployment rate

00:14:52
Suze: making it really, really so that all of us stop spending money.

00:14:58
Suze: So inflation comes down.

00:15:02
Suze: So what does that do for real estate?

00:15:05
Suze: Well on one level, it's shot

00:15:08
Suze: The 30 year mortgage at one point up to over 6%,,

00:15:13
Suze: which I did not think we were going to see, I thought for sure it was going to remain around 5 - 5.5%

00:15:23
Suze: but obviously

00:15:25
Suze: they don't think that's quite high enough,

00:15:27
Suze: they think that all of you are going to continue to buy homes or real estate no matter what.

00:15:32
Suze: So

00:15:33
Suze: it can go up to 6 - 6.5%

00:15:36
Suze: which benefits who? It benefits the financial institutions because they are the ones, the banks, the mortgage companies, they're the ones who are making the difference in what it cost them to borrow money

00:15:49
Suze: versus what they lend it to you at. They're going to be making a whole lot of money.

00:15:55
Suze: But then that becomes very confusing as well because why aren't the bank stocks going up?

00:16:01
Suze: So do you understand what I'm trying to say, nothing is normal. Everything kind of feels like it's being manipulated on some level to get the results of inflation coming down.

00:16:17
Suze: So

00:16:18
Suze: what's going to happen with real estate?

00:16:21
Suze: I think you're seeing a lot of the real estate companies that are out there are the builders, their stocks are at the lowest, they've been in a while,

00:16:29
Suze: you're seeing

00:16:30
Suze: orders slow down

00:16:32
Suze: and you're seeing applications slow down.

00:16:36
Suze: However, I still don't think you're going to see a tremendous decrease at all. This is not like

00:16:42
Suze: it was years ago where you bought a home for 700,000 and it went down to 170 I think if you bought a home for 700,000 in the past month, or so.

00:16:53
Suze: It's going to stay at 700,000 for the next year or so, maybe it'll go up 5%.

00:16:59
Suze: But as I've said in past podcast, I do not think it's going to continue to go up, 35%

00:17:06
Suze: for those of you that are selling your homes. Real estate agents will tell you

00:17:12
Suze: they don't have multiple buyers anymore in many areas. There are places where real estate agents have put the house on the market and one month later

00:17:23
Suze: they still don't have any offers. And they have said if we had put the house on the market in April of this year, we would have had multiple over asking price offers.

00:17:34
Suze: So sellers keep that in mind now

00:17:37
Suze: buyers, it's starting to turn just a little bit where you do not have to go and say I have to do something to buy a house if I just don't give in and do anything and everything that's needed, I'll never be able to buy a home

00:17:53
Suze: if you can afford it, you have a little bit more. I think negotiating power at this time

00:17:59
Suze: I get that interest rates are at 5.5, 6% to buy a home.

00:18:04
Suze: You know, I remember when I bought my first house

00:18:08
Suze: In the mid 70s, somewhere in the 70s, I don't even remember the year anymore,

00:18:13
Suze: but it was in California

00:18:16
Suze: and I had gone out to California in 1973 in a Ford Econoline van that my brother lent me $1500 to buy. And my girlfriend and I and two other friends in 1973 headed out

00:18:32
Suze: to find our fortunes and ended up in Berkeley California

00:18:37
Suze: and I started to get interested in real estate

00:18:41
Suze: At that age, believe it or not, 22 or 23 simply because my girlfriend's brother

00:18:48
Suze: had just bought a home

00:18:51
Suze: And his mortgage payment was $150 and our rent payment was $220 and I went, what is wrong with this?

00:19:01
Suze: So somehow I ended up somewhere in the 70s there,

00:19:05
Suze: learning how to buy a home with no money down, taking the Lowry Nickerson's seminars,

00:19:12
Suze: But at that time interest rates were like at 15 and 16% for that mortgage,

00:19:22
Suze: but because real estate was so inexpensive still at that time,

00:19:28
Suze: You know the house was only $48,000,

00:19:32
Suze: It was like, and when I say only that's up from $17,000 a few years earlier because real estate started to go back then

00:19:41
Suze: in Berkeley California.

00:19:43
Suze: Mhm.

00:19:44
Suze: I was still able to afford it big time because it was still less than our rent payment and we took in other people that lived with us and it was fabulous

00:19:54
Suze: And I ended up selling that home I believe for 4, 600,000, something like that.

00:20:00
Suze: Okay.

00:20:01
Suze: Anyway,

00:20:03
Suze: the point of why I'm telling you all this

00:20:06
Suze: is that don't let higher interest rates scare you.

00:20:11
Suze: If what you want to do is buy a piece of real estate right now

00:20:16
Suze: And you know, you can afford it. You know, your job is stable, you'll have 20% to put down besides a one-year emergency fund, you're fully funding your retirement accounts, you're out of debt.

00:20:29
Suze: Okay. Go for it,

00:20:31
Suze: go for it

00:20:33
Suze: because interest rates most likely will calm down again

00:20:38
Suze: and you can refinance

00:20:40
Suze: or even if you don't, it's okay,

00:20:44
Suze: We have to stop thinking, Oh my God, 456%, that is so high.

00:20:49
Suze: When years ago 6% was kind of the norm and it was like that's a great interest rate or a home.

00:20:56
Suze: Remember it's also tax deductible.

00:21:00
Suze: So

00:21:02
Suze: real estate I think you're essentially still okay in in terms of the value

00:21:08
Suze: for those of you who bought it a long time ago,

00:21:11
Suze: You're doing pretty great over these past year two or 3.

00:21:15
Suze: It's what do you do now?

00:21:17
Suze: So now if you're a buyer, think about what I just said a few seconds ago

00:21:23
Suze: and if you can get yourself a deal and you feel good about it, why not?

00:21:27
Suze: And if you're a seller, maybe you shouldn't be quite as picky

00:21:32
Suze: Bitcoin.

00:21:35
Suze: I've said many times as well that if Bitcoin broke its support of 27,200, you would see it at 23,000 or 22,000 totally possible that it could actually trade down to eighteen and a half thousand.

00:21:51
Suze: If it breaks this $20,000 support level again we'll see where it will go.

00:21:59
Suze: Bitcoin once again

00:22:02
Suze: dollar cost average into it. I said with only money you can afford to lose.

00:22:09
Suze: What's scaring me right now about Bitcoin

00:22:13
Suze: is that I have many people who have told me that their friends are taking out large sums of money even from places that were supposed to be secured to do other things with to do what buy bit coin.

00:22:30
Suze: Be very, very careful here. Who knows? Will it go up? Will it go down? I'm still holding on, I still like Ethereum, I'm still doing it for the long run. I am not putting any more money into it. I put a seriously small money into it for somebody like me

00:22:49
Suze: and we'll just see what happens.

00:22:52
Suze: So again be careful with that

00:22:55
Suze: because Bitcoin

00:22:57
Suze: proved not to be an inflation hedge which everybody thought it was going to be.

00:23:03
Suze: That was one of the reasons by the way in my opinion that gold really wasn't able to do anything

00:23:10
Suze: because everybody went who cares about gold, we can do Bitcoin, we can make a whole lot more money. And Bitcoin

00:23:19
Suze: is an inflation hedge. Well that didn't prove out to be true which is why I think it's possible that gold here could go again but you have to be careful because it's very possible even probable that at this point it could go down a little bit more

00:23:39
Suze: before maybe it turns around and goes back up.

00:23:43
Suze: But

00:23:44
Suze: this is called being diversified.

00:23:48
Suze: You have a little bit of this, a little bit of that. You have the majority of your money growing. Hopefully tax free and retirement accounts deferred accounts, whatever it may be. You have your emergency funds in something like Alliant credit union and there you go. Speaking about Alliant credit union,

00:24:11
Suze: they are the sponsor of this podcast

00:24:15
Suze: and I couldn't be more proud if I tried for them to be the sponsor of this podcast.

00:24:21
Suze: Currently they are paying you 1% on the ultimate opportunity savings account every one of you. If you have not yet opened one up,

00:24:31
Suze: you should go to my alliant dot com

00:24:35
Suze: and look for me,

00:24:37
Suze: there's a reason why I'm telling you, I want all of you to be doing this right now.

00:24:43
Suze: Can you just do it, put in $100 a month and you do that every single month for 12 consecutive months. They're going to give you $100 plus you made at least 1% on your money because if anything they're going to be raising that 1%.

00:24:56
Suze: So listen to the end of this podcast for the full disclosure of how the ultimate opportunity savings account works.

00:25:04
Suze: Yes. Yes. Yes. And speaking of Alliant

00:25:07
Suze: June 30th mark your calendars at two p.m. East Coast time or adjust that for wherever you are and I'm going to be doing a webinar with Alliant.

00:25:19
Suze: So tune on in and the way you do that is simply you can register for free at my alliant dot com slash webinar.

00:25:29
Suze: So come on and don't forget to be with me then.

00:25:33
Suze: See now I got off track there. I was talking to you about putting safe money here whatever. I don't remember what I was talking about.

00:25:40
Suze: See how it is when you get

00:25:42
Suze: into things

00:25:44
Suze: whatever. Alright. But regardless of what I was saying there

00:25:48
Suze: is that

00:25:49
Suze: it's just diversified. You want to be diversified.

00:25:55
Suze: Now

00:25:56
Suze: I want to talk for a second about financial advisors

00:25:59
Suze: because a lot of you are writing me really upset with your financial advisor.

00:26:04
Suze: How could they have lost you so much money?

00:26:07
Suze: No Financial advisor lost you money.

00:26:11
Suze: You and you alone

00:26:15
Suze: decided to keep your money in the investments they were in, you did not instruct your advisor to sell or the money would be out

00:26:25
Suze: of the markets

00:26:28
Suze: so

00:26:29
Suze: you have nobody to blame really but yourself and I never want any of you to think that you are victim to your circumstances

00:26:38
Suze: because there's always something we can do.

00:26:41
Suze: So advisers,

00:26:45
Suze: as I mentioned a little bit ago as well in a podcast a day or two ago or actually on Thursday is that nothing is normal. This is where I started today in terms of what's happening

00:26:59
Suze: in the economy. Nothing is making sense.

00:27:04
Suze: So you can't blame your advisers

00:27:08
Suze: because hopefully they are doing the best they can do. But there is no place to run. There is no place to hide. There is no place

00:27:17
Suze: to have been able to say. Yeah, let's get out, let's pay taxes. Yeah, it's going to go down this far. Nobody knew that

00:27:25
Suze: so it couldn't go down further. Oh you bet

00:27:29
Suze: You bet it can absolutely go down another 10 or 20% easily.

00:27:35
Suze: You're the ones who are going to have to decide though what to do.

00:27:39
Suze: So again,

00:27:41
Suze: here's what I want to say about advisers. If you're unhappy with your advisor,

00:27:48
Suze: what I want you to do is look at a normal standard and Poor's 500 index fund or the total Vanguard stock Market index fund and they're down about 20 or 22% from their high and that's pretty diversified.

00:28:04
Suze: Those are investments that are diversified.

00:28:08
Suze: If you're down more

00:28:11
Suze: than 20 or 22% in your portfolio

00:28:15
Suze: when you told your advisors that you needed growth, you needed to be conservative, whatever it may be. So you did not instruct them to go for it, risk the money, you didn't care.

00:28:27
Suze: But if you just told them what you needed

00:28:31
Suze: and you wanted to be safe and sound

00:28:35
Suze: And you have lost more than 22% in your portfolios

00:28:43
Suze: then you don't have an advisor that

00:28:46
Suze: really maybe heard what you wanted to do or is taking too much risk with you or

00:28:53
Suze: doesn't have you diversified enough.

00:28:57
Suze: So that may be an indication of an advisor that you should be upset with.

00:29:03
Suze: None of you should be down 40 or 50% across the board in your portfolios. None of you.

00:29:12
Suze: Mostly you should be down 15%,,

00:29:16
Suze: maybe 20%

00:29:18
Suze: But 15, 17%. Okay.

00:29:21
Suze: Right now, believe it or not, that's kind of normal

00:29:25
Suze: and that can be made up.

00:29:27
Suze: But if you're in a portfolio

00:29:29
Suze: Where you are down 50, 60, 80%, you're not diversified.

00:29:36
Suze: And if you have a financial advisor that allowed you to do that,

00:29:42
Suze: I would think twice about that Advisor.

00:29:46
Suze: So that's just something I wanted to say to you. Also one more thing before I go is that unless thursday's podcast, I made a comment

00:29:56
Suze: about a woman who had money in a 5 29 plan. KT obviously fell in love with this woman via the email and was like, Suze, you're so harsh, blah, blah blah. I feel bad for her because essentially what I was saying, you need to take your money out of a 5 29 plan within a year or two

00:30:17
Suze: before your kid goes to school.

00:30:20
Suze: I did not mean to infer that you take it out of the 529 plan into your own hands.

00:30:29
Suze: I needed to be clearer where I said you absolutely take it out of the stock market within the 529 plan.

00:30:38
Suze: And you put it somewhere that's safe within the 529 plan. And then you withdraw it in the year that your kid is going to school and it goes directly to qualified expenses from the 529 plan.

00:30:52
Suze: So

00:30:53
Suze: I hope that clears that up.

00:30:56
Suze: I don't know did today's podcast help you?

00:30:59
Suze: I just kind of rambled that off.

00:31:01
Suze: It actually wasn't what I was planning to do

00:31:04
Suze: but I did it.

00:31:05
Suze: So I hope it helped on some level. The best thing I could tell all of you is don't panic.

00:31:13
Suze: These things happen.

00:31:15
Suze: If you have time on your side

00:31:17
Suze: you're in good quality exchange traded funds or mutual funds. You are diversified.

00:31:24
Suze: I'm telling you

00:31:25
Suze: another year or so

00:31:28
Suze: you may be thinking why didn't I buy that?

00:31:30
Suze: Why didn't I buy Ford at $11 a share. Why didn't I buy en video? Why didn't I buy certain stocks? You might be thinking that in a few years from now after this market goes down maybe to 3500 on the S. And P. 3200 on the S. And P.

00:31:50
Suze: And if you don't know what that means,

00:31:51
Suze: Look up the standard and poor's 500 index. Look at the number

00:31:57
Suze: because we have to start learning about support and resistance levels when it comes to certain numbers.

00:32:05
Suze: Like what the standard and poor's 500 index is trading at Alright until Thursday.

00:32:12
Suze: What what are you doing here?

00:32:16
KT: Hi everybody. Wait, let me put on my earphones,

00:32:20
KT: wait for me. Okay, I'm ready, Suze. Today's Father's Day.

00:32:25
Suze: Yes, I know, I told everybody that.

00:32:26
KT: We have to wish Coolo a very special father's day like our son, but he also is a daddy. He has three great kids, Christopher, Denisa and Darlie Junior.

00:32:40
KT: We have to wish,

00:32:41
KT: come on, Suze.

00:32:42
Suze: But oh wait, but Robert just popped in as well, see him on the screen here.

00:32:47
Robert: Hello, Suze and KT.

00:32:50
Suze: What are you doing Robert?

00:32:53
KT: We wish your dad Happy Father's Day as well.

00:32:55
Robert: Katie texted me and said that at this very early hour we're going to wish Colo a Happy Father's Day. And since I sort of feel like he's like a brother to me,

00:33:05
KT: that's so sweet robert, I love that

00:33:09
Suze: So in case all of you don't know who Colo is or somebody doesn't know. Colo is part of our family.

00:33:14
KT: He lives here on the island with us and we love him. But here's the great thing, Suze. It's Dather's Day and and it's his day off, it's sunday, so we have to secretly wish him

00:33:27
KT: happy Papa's Day.

00:33:29
Suze: So Robert, KT and me, what do we want to say?

00:33:35
Suze: (Suze, KT and Robert say): Happy

00:33:36
KT: Father's Day Colo ,

00:33:40
Suze: there you go. Alright everybody.

00:33:43
KT: So we wish all the fathers out there. A great, great Father's Day today, enjoy it. Have everyone wait on you sir.

00:33:52
Suze: Alright, sign off already. Alright sweetheart. So until Thursday, there's really only one thing that we really want for all of you

00:34:02
Suze: Robert. Do you know what that is?

00:34:04
Robert: We want you to be safe.

00:34:06
KT: Strong and secure.

00:34:10
Suze: See you soon. Bye bye

00:34:12
KT: bye.

---

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