← Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Make Your Money Make More Money
00:30:55
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- [00:00]
A
Hi, everybody. Suzio here. Now, what is the goal of money? The goal of money is for you to be secure. And there is no better way for you to be secure than having an emergency savings account. It is essential for your financial foundation. So all of you should be participating in the ultimate opportunity savings account at Alliant Credit Union. Go to myalliant.com to find out more. And be secure.
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B
Okay, Susie, are you ready for today's podcast?
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A
Oh, you bet I am. Cuz I'm unstoppable I put my armor.
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B
On show you how strong I am I put my armor on I'll show you that I, I'm unstoppable I'm a bu. With no breaks I'm invincible yeah, I win every single game I, I don't need batteries to play I'm so confident.
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A
I'm unstoppable today January 5th, 2025. Whoa. Anyway, welcome everybody, to the Women and Money podcast. And everybody smart enough to listen. So are you happy that it's all over? I'm always very happy when the holidays are over. There so much, isn't it? Doesn't it feel like you have Thanksgiving, then you have the holiday of either Christmas, Kwanzaa, or Hanukkah, and then you have New Year's, and here we are and we start all over again. So I hope all of you had a really great holiday. But for me, personally, I'm happy to start again now and just go for it for this year. But before I do that with all of you, let's just do a little update, because I know a lot of you have written me and you're just curious. So the very first update, by the way, is about the theme song for this year. And as I'm sure you heard, that the theme song is still unstoppable by Sia. When I originally asked Sia if I could use Unstoppable as the theme song for the Women in Money podcast, the lawyers and everybody said yes, but it was for two years, and those two years ended last year. Therefore, I wrote Sia and I said, sia, I just want to thank you so much for letting me use your song as my theme song for the Women and Money podcast. It was so great. And she wrote me back and she said, why, Susie? Why have you stopped? And the conversation went on that it was only supposed to be for two years. And she wrote back and she said, no, Susie, I gave you the rights to that song for the rest of your life as long as you want to use them. So here we are. The theme song remains unstoppable. And I love that theme song and I love it so much because really, if you listen to the words of it, it's how you empower yourself. You don't let anything stop you. You have this vision of yourself and you just go for it and then in the end you are unstoppable. And I think it's really, really important in life today that you don't let anything or anyone stop you. You don't let the economy stop you. You don't let politics stop you. You don't let others opinion of you stop you. You don't let your job or your work or your family, nothing can stop you from being who you were born to be. And so therefore you kind of have to know who you were born to be. But no, seriously. And you were born to be a powerful, powerful person who really loved their life, enjoyed their life and also could be the masters of your own financial destiny. So number one, thank you, thank you. See you again. So we are going to remain with our unstoppable theme. The other thing update just so all of you know is Colo Columbia, who is like our son that all of you see on the women and money podcast Apple Annie, his wife came to visit and I just want to tell you she was here for a week. I can't believe how adorable, gracious, heartful, everything. She is perfect. The two of them are perfect together. And now it's, I feel like we have a daughter in law because we loved her and we actually said to Kolo after she left, Kolo, you have to bring her here more often that Colo, if you want her to live here with you, she absolutely can. So Colo is so happy. Annie is so happy. And it's just, oh, that was the best time ever. The four of us here alone. So we would get to know her, she got to know us. Obviously we left them alone a lot of the time, but perfect. The next update is about Alliant Credit union and their interest rates on the 6 month and 12 month certificate of deposit. Now a lot of times we hear about interest rates are going down, they're going down. Well, as of January 3rd, Alliant had an increase in their six month certificate of deposit from 4% to 4.10% and their 12 month certificate of deposit from 4.10% to 4.25%. So that's kind of great if you ask me. Also their 12 month Jumbo certificate went from which is 75,000 or more went from 4.15% to 4.30%. So those match very well with the one year treasury and everything like that. So if you have a certificate of deposit that happens to be maturing or you want to get one from Alliant Credit Union, those are good rates. You would go to my Alliant A L L I a n t.com next. For those of you who have been writing about long term care insurance, how much is it going to cost? Do you want to quote on it, whatever it may be? If you go to the Women in Money app, which you can download on Apple Apps or Google Play and you go to the front page and if you scroll down you will see a little square that says long term care insurance. If you click on that and you look at it, you'll see that there is a long term care insurance calculator and that calculator, if you use it will actually estimate for you what your long term care insurance premiums will be. Now the last update before we start Susie School, which will be projections by the way of the stock market, bonds, real estate, everything that I'm sure you want to know and also the theme for this year. But the last Update is on Mr. Keith Fitzgerald. And while I wish I could say to all of you, guess what? The program is ready, it is not ready yet. However, I'm going to tell you exactly what is being created because I think that might help you be more patient to understand why this is so complicated. Okay, so first of all, one of the hardest things to do when it comes to investing is to dollar cost average to know when do you put more money into a stock, when don't you, when do you sell, when do you buy all of those things? So sometimes it's easier when you pick a st. Okay, but then to know when do you continue to invest in it or sell it is probably the hardest part of investing. So a breakthrough method has been created, seriously that is better than dollar cost averaging. And it's called value cost averaging. And Keith has created something called my value path. And the reason that it's being called that is it's going to be your. So you're going to call it my right, but it's going to be your path to how to get the most value out of your money. So again, this is going to be a breakthrough method that is actually better for you than just buying and holding and better than dollar cost averaging because it's going to give you a smoother ride. So this value path portfolio, your value path portfolio is going to consist of 10 to 12 stocks and you are going to have to buy them yourself at wherever it is that you invest. But 10 to 12 stocks are going to be named for you and they're really to complement your long term existing portfolios like spiders and other ETFs that you have. So what this program will do is that you will go online and you will just designate the amount of money that you're interested in investing and leaving alone for like five years. Years. Then you will be provided a roadmap of these stocks and you will get monthly emails telling you how much of each stock to buy or sell to keep you on that path. Just that simple. So if you're going to invest, let's just say $25,000, you're not investing and sending anywhere you have that money at some brokerage firm already, you will get an email with the 12 stocks or whatever it is that you're to buy. Then it will divide whatever amount of money you designate. So let's just say 25,000. It will divide that into, to begin with, the first month, how much you should put in each one of those stocks. The next month you get another email and it will tell you if you should invest more in any one of those stocks in all of them. It will go on like that for 12 months. And that's how you're going to do it. Now, this is not for what Keith calls hot money, although it can happen, but it's for serious investors who are using money that you won't need for at least five years. But it's going to help and guide you into what stocks Keith wants you to buy and how to value cost average into these stocks with the exact money in your particular situation. So the reason that it's taking so long is that the computers have to be able to figure it out for all of you. One of you may sign up and you may have 25,000. Another one may have 100,000, another may have a million. So it has to be able to calculate for each one of you what you should be doing every single month. And again, you will get that email once a month or even more possibly depending on what happens with the market for 12 consecutive months. And then it renews. The cost of it is just going to be anywhere from like $175 to maybe $250 a year, something like that. And that's it. And then it will renew every year for five years to guide you. And that's how it is. It's going to be called my value path, but that is why it's so complicated. So, again, he's also going to be giving simple inputs on where you're starting and how much you should plan to invest. All of that's going to be in there. So it's comprehensive. I don't know. Will it be done in this month, next month, the month after? I don't know for sure. But I do know that he's not going to bring it out until it's 100% perfect. I don't want this to be a year where you're just waiting for Keith to come out with this program. You can still invest. And I'll get to that in a second with what I think people should be investing in. But the point that I want to make here right now is that's your update on Keith, which actually kind of brings us to a theme for this year. So on New Year's Day, as I do every single New Year's Day, I listen to a certain broadcast where there is a message for the new year. And the message for this new year was, write this down. Everybody get out your notebooks, because this really is brilliant. It's make your time worth your time. And I just thought that was so brilliant. I wish I had thought of it myself. But it's make your time worth your time. Because sometimes so many of us, we spin and we spend all this time doing this or that and then whatever, and is it really worth your time? So I started to think, how can I make that appropriate for a money podcast? And I decided that I should change it to make your money make more money. So that is our theme. Make your money make more money. For your money to make more money, you have to be doing something with it. You can't just really let it sit and do nothing. Even though Maybe it's making 4 or 5%, it's really not doing something for you and truly growing. And so if you look at, for the past two years now, the Standard & Poor's 500 index, and for those of you who don't know, that's just simply an index made up of 500 stocks that make up the Standard and Poor's 500 index, which is an index everybody tracks to see, is the market going up? Is the market going down? That's been up 20% now two years in a row. So while it may look great that you made 4.5 or 5% on your money just sitting there, there's got to be some part of your portfolio that you can make More money out of your money. So again, make your money, make more money. So to do that, however, we need to also know what should we be doing? What are the projections of what's going to happen this year now in all kinds of areas such as the stock market, the bond market, Bitcoin and real estate and gold. So with that said, here's what I think in terms of the stock market. I do not think, and I hope I'm wrong, but I don't think that this stock market is going to be as easy as the last two years. I think this is going to be a market that goes up and then goes down and then goes up and then goes down. And what's so great about that is that when the markets go down and certain stocks that have been skyrocketing go down, you have the ability to put more money into those stocks if you so wish to do so. And so therefore, I think that's exactly what is going to happen. It's important that you watch the market, so to speak, and when they do take a dip, if you do have more money that you want to put in, then you absolutely should and take advantage of it. Because I do think in the long run the markets will be going up. And I do think in the years 26 and 27, it's going to be an extraordinary time for investing and the economy. I just do. So this is the year to kind of get yourself situated so that you can make your money, make more money for you. But to do so, you have to be invested. Now the question becomes but Susie, I don't know. I don't know where to invest. That's why I was looking forward to Keith's program. All right, just be good there. It's all right. There are certain exchange traded funds. Forget individual stocks for the moment. There are certain exchange traded funds that nothing should be stopping you from investing in them. And the symbols, I'm not going to give you the names because it would just take up too much time, but write down these symbols. If you have a portfolio and you want that portfolio to be made up of exchange traded funds for this year, I think you should look into iwm, spy. These are all symbols. Vti, qqq, xlf, INDA and schd. Those are all exchange traded funds that you could put little amounts of money in. And then when they go down, you put more in. When they go up, you enjoy it and so on and so forth. Those are ETFs that I don't have a problem with you investing in any of them on any level. Now, when it comes to individual stocks, it's really the same stocks that all of you have been hearing on this podcast over the past year or two. And if you own them, you should keep them. A lot of people are saying, but Susie, some of them are so high, I should sell now I get afraid. They go down. Great. If they go down and you have the money, buy more. The way that you make your money, make more money is not by selling. It's about being patient, having time on your side and letting those stocks, when they go down, let them go down. And if you don't have more money, fine, just keep them. And if you do have more money, invest more in them. And that's really how you will make your money, make more money. Now, for those of you that are interested in what stocks is it possible that I'm talking about here? So here are symbols. Again, I'm going to give you symbols. Aapl, wh, R, M, sft, ctre, nvda, wmt, I, O, N, Q, A, V, G, O, P, L, T, R, tsla, pfe, eqt, and gev. Those are all stocks that I've mentioned in the past and have performed very well for us. But I still think they're all going to go up. Now. One might think, well, why don't I just buy all those? Why will I need Keith's program when it comes out? Because it's really incredible to have a guide of when to buy more, when to skip it, when to sell. And that's what the value path investor is going to give you. So it's going to be my value path. All right, that is an update on the stock market. Let's briefly here talk about Bitcoin because a lot of you are asking me, why do I invest in an ETF rather than just buying like through Coinbase bitcoin directly or through PayPal Bitcoin directly. Because the truth is, if you just buy the bitcoin itself, you would make a better return on it because bitcoin itself moves faster than the ETF of bitcoin. And the reason everybody that I feel much better buying ibit the ETF rather than bitcoin directly is I've had too many people, even with Coinbase, that have had their bitcoin stolen. And because there's nothing really physical, so to speak, backing it, there's no insurance backing it. There's nothing like fdic, where if your money in a bank happens to go down or a credit union, the ncua, you get your money back up to a certain amount. That isn't true with bitcoin. So when something happens and somebody steals your bitcoin, guess what? You're not going to get it back. I don't like it. And the companies, believe it or not, aren't going to help you get it back because they don't know how, in my opinion, to help you get it back. So with the progression of artificial intelligence and all these computers and everything, I think things are more easily done today, like stealing bitcoin, than even in the past. Therefore, I feel more comfortable with iBit, which is an ETF by BlackRock, where they can control all that and they'll be fine with that. So that is the reason why. Also, you'll notice, by the way, the symbol Inda in the ETF that I gave you, that's the ETF of India. And I do think over time, India is going to emerge, economically speaking, as one of our leaders, as a really developed country, believe it or not. And so therefore, that's why I put that in there. So bitcoin has been going from the mid-90s up to the 100,000 and whatever. On the women and money community app. I put out an announcement that I think during this time that it is possible, short term anyway, that bitcoin can stay around right where it is trading here, going up, going down. But it also is possible that it could go back down to its support level of approximately $84,500. Right now it's about 97,000. And what is a support level? It's a level that when something is fluctuating, it tends to go down to a place where it was really strong, it was supported at that level. And that's $84,500 of Bitcoin. If it breaks the support level, it continues down below it. The next support level is 73,800. Now, I do not know if bitcoin's going to go up or down. It's impossible to know. But I do think right now in its trading range that you might see it go up to 100 and then back down again or whatever. It's possible it could go to 84,000, whatever. So if you're investing in iBIT, do it little by little and watch to see where it goes. So that's what I think about bitcoin. But I do think in the long run, you should absolutely, with money you can afford to lose, be buying it. I think you will see it go to at least 125,000 a bitcoin, in my opinion, Bitcoin has taken hold. Okay. Real estate. I think that the interest for mortgages, for real estate are going to be stuck right around here. We're not going to go back to them below 6% in my opinion. They're not going to go back to 4 or 3%. So you have all these people again that own all this real estate with a low interest rate that they're just going to stay put. So we still don't have the supply that's needed for people who want to buy. I do think, however, if we're just patient and everything, I think real estate will absolutely loosen up by the end of this year and then we'll see what happens there. But obviously if you have a home now and you want to buy, fine. But I think it's still going to be a market that's very difficult for a lot of people to get into because of the price of real estate, which I think is pretty much going to stay right around here and the mortgage rates for people to get into it. In terms of bonds, well, I don't think interest rates are really going to go down that much anymore. But I also think because of that you never know when they could go up. So I'm still going to stick by. What I think is important is that you can go short term now if you want. I don't have a problem with you doing the 6 month or the 12 month CD at Alliant Credit Union or 3 to 5 year treasuries or whatever you want. But I'd be a little hesitant, believe it or not, to go long term at this point in time. I know I was a very big advocate of 30 year bonds last year, but the feds changed course on us and you have to be willing to go with the flow and that is the new flow. So there's nothing wrong if you bought them and you're getting an okay interest rate. No problem. Hopefully that was with money that you didn't need or wanted for a period of time and then we'll just have to see what happens because you never know what can happen when it comes to interest rates, real estate, bonds, the stock market, and last but not least, gold. I still think it's okay to have a little bit of gold in your portfolio. Gold seems strong here, so if you want to do so, why not? You can do the ETF in gold as well, which is gld, but just with a small amount of money. In summarizing this Suzy School, how are you going to make Your money. Make more money by being involved, investing it little by little. For those of you who own, especially the stocks that I named, you stick with those stocks. You stick with them. Apple, Palantir, Microsoft, all of them. Tesla. Fabulous, fabulous stocks. Do you hear me? So don't listen to all the hubbub out there. Just stick with them over the long run. Make your money. Make more money. You do it over time, not feeling so great when all of a sudden you have a 50% gain. And then you sell. And then what are you going to do besides pay taxes on it outside of a retirement account? And by the way, this is January. This is the month that all of you should be opening your Roth IRAs. If you qualify for it, for 2025, and if you can fund them to the fullest. Because the longer that money is invested in a Roth ira, the more you will make over time. Those are my projections for 2025. I think the markets are going to be up and down and all over the place, but I do think that come 2026, Whoa. That's what I have to say. But in the meantime, may you all make your money. Make more money. And if you do that, oh, you will be unstoppable.
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B
I'm a pusher with no brakes I'm invincible say I win every single day Mine's all powerful I don't need batteries to play I'm so confident yeah I'm gonna stop above the door Unstoppable today Unstoppable today Unstoppable today I'm unstoppable today.