← Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
The Greatest Financial Lesson of Life
00:34:25
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A
Susie, is it really true? Is what really true? The alliance certificates. Oh, you mean the rate that they're offering? It's unbelievable. Yes, it's true. And all of you need to take advantage of it. Currently, if you go to myalliant.com you can get a six month or one year certificate for 4.10%. That's a lot higher than a one year treasury, especially if you live in a low state tax bracket. For $75,000 or more, it is 4.15 APR. So if you leave all the money in there, that's what you get. So if you have money at a bank, at a brokerage firm, anywhere that you want a great rate, I have to tell you, go to myalliant.com now before it disappears. I'm going, Suzy. I bet you are. KT November 9, 2025 welcome everybody to the Women and Money podcast as well as everybody smart enough to listen. Now, before we begin, I just want to say I have a special guest coming up in this podcast, so you best stay tuned to find out who it is and what they have to tell you. So today, Suzy, school is about the lessons of life. Because you all have to look at what's been happening for Approximately the last four, 40 days. Now, maybe it's not happening to you, but it is absolutely happening to people. And when something happens to people, you have to look at what's possible is happening to people and could it ever happen to you? And what am I talking about? The lessons of life. That you think everything is going along great. You have a solid job, you have a paycheck coming in, you own a home, you finally reach the American dream of owning a home. You have a car that probably you've leased because you don't listen to the Women in Money podcast. Maybe you're putting some money away in your retirement account, but really you're counting on that paycheck every single week, every single bi week or every single month. And you really believe because you have money coming in to pay the bills, even though maybe you have a little bit of credit card debt, that you are just fine. And you can keep going just like that until. Until something happens such as the federal government shuts down and now you don't have a job currently, or you have to go to your job, but you're not getting paid for it. And that means millions of people that are counting on you to go to your job so that they can get an airplane ride to go where they want to go is getting harder and harder so what's happening to people that worked for the federal government is starting to affect every single one of you. And then there's those of you who don't have the ability to get stamps. Some people still call them food stamps. It's part of the SNAP program. But to get food to feed your family. And now you don't know what to do. And then all of a sudden you find yourself having to go to a food bank. Even if you've had a great job, you're standing in line at a food bank. And once again, we go back to the lessons of life. And what is the greatest lesson of life when it comes to your money? If you ask me, it's to plan for the what ifs of life, to plan today so that your tomorrow is always protected. And what is the greatest way you can protect your yourself by that very simple 8 to 12 month emergency fund. But that's something like that. But Susie, I'll get to it. I first want to buy a house. I want to use my emergency fund for a down payment on a house. Oh, Susie, you know what? I really just want to redecorate this or take my family on vacation or all the priorities that you always want put ahead of you having your emergency fund. And then you ask me, well, it's such a waste keeping that much money in a savings account or a money market fund. Don't you think I should invest it? And I'm like, no, you can't invest it. That's money that you need in case you can't pay your bills, that must be paid. And then you don't listen to me. And then I get emails this week saying, susie, I didn't listen to you. I put my emergency fund in the stocks that you loved. I figured if you loved them, they had to go straight up. And I'm like, oh my God, which one did you do? And then I keep reading and he goes, well, I decided to do all of it in Palantir. And just so all of you know, by the way, everybody, Palantir went from $203 a share down to about $169 a share in a day or two. And that's what he put all of his money into. Okay? And guess what? He was one of the ones who needed his emergency fund, his must pay account, because guess what, he was a fed worker and he lost his job. So the lessons of life. The lessons of life are investing in the known versus the unknown. What is the unknown? The unknown is you don't know, are you going to be in a car accident? Are you going to be told one day that you have a tumor in your neck and who knows if you'll be able to even walk? Like I was told a few years ago, all kinds of things can happen. And yet you never believe that it's going to happen to you. And when you don't believe that it's going to happen to you, chances are that's exactly when it is going to happen to you. Because I've said so many times, money is the most important teacher of life. It will teach you more about yourself than anything you can learn in school, in a university, at work, in books. It will teach you how strong you are or how weak you are, or how much you really want to survive, how much you really want to provide for your family. It will teach you about your mistakes that you made as you look at your credit card statements going, why did I buy that? Why did I do that? And now I'm standing here in a food line. It will teach you if you let it, because again, you and your money are one. So if you don't have any money right now, you're one of those people who are living at this point paycheck to paycheck. What it's teaching you is that you haven't protected your tomorrows today when lessons of life come your way. So I've asked you sometimes, I've begged you, now I'm seriously going to beg you that I don't care how much you want to go on a vacation or you want a massage or you want to do your nails every week or whatever it may be, you have got to make your number one priority. Forget the stocks, forget whatever. You have got to make it your number one priority to have an 8 to 12 month emergency fund. You should call it your must pay fund because the money in there are for the bills you must pay month in and month out. When you get an email from somebody that says, susie, I've been told that if I don't pay my rent next week, I'm going to be evicted. Can you help me with anything to think about what I can do? What do you tell somebody like that? Can you just try to put yourself for a second in my place? A woman who spent 40 years of her life trying to to make sure that every single one of you is protected, that every single one of you is getting the absolute best advice so that you can make your money, make more money so that you can take care of yourself if something like this happens. When 2008 came along, millions of you were able to make it through because you listened, you took it to heart. And so many more, millions of you went, no, no, that's all right. It'll never happen to me. I'll never be in that situation. I'll always be able to work and get a paycheck. But the lessons of life, I want you right now to take a vow, to take a vow that you will no longer be so naive to think nothing can ever happen to you, that you don't have to plan, you don't have to go. Well, what if. You know what would happen if what if came about? So I want you all to take out a piece of paper and pencil. Oh, you can use a pen if you want. Go on. And I want you to write down everything that you're vulnerable when it comes to your money. If you lost your job or you were in an accident or you got ill or something happened to you, how long could you go and pay your must pay bills? Do you have at least eight to 12 months in a must pay account so that you would be okay? Answer that question question honestly. And if the answer to that is yes, great. But if you answer that question one month or two months, then what are you waiting for? And I know, I know you're all saying, susie, I can't afford to save any money right now. I can't do it because if I do, I, I can't even really pay my bills. Everything I'm making, I use to pay my bills. Here's the question at hand then, and answer this. What happens when you no longer have a paycheck coming in? How are you going to pay those exact same bills? And whether or not it's because of a shutdown or you've lost your job or you were injured, what if now you're retired and all of a sudden you don't have a paycheck coming in, but you never bothered to save, you never bothered to put money in a Roth IRA or a Roth retirement account because you were using every penny you had to pay your bills. Then you'll say, well, what do you want me to do, Susie? Then get another job or cut down on your expenses. You have to possibly then earn more and save more or you have to earn more and spend less. So even if it were just where you were able to find $100 a month, well, great. Then take advantage of the ultimate opportunity savings account with Alliant Credit Union. You put $100 a month in, they give you, 3.10% interest. You do that every month for 12 months. They give you $100. That's like a 16% return on your money. And you might not think that's a lot, but it's a whole lot when you don't have anything. Which is why I created that account. It was to help all of you, where every single penny mattered. Hey, you can't leave it in there. Don't. I don't care. Now, this is not an ad for you to do that, but it's a possibility where you maybe could start. So. All right, the lessons of life, please, just think about it, everybody. Think about it. Look at what you wrote down. Look at the excuses for why you feel like you can't do it, and then understand, in life, there is not an excuse strong enough to keep you from being who you are meant to be. So stop making excuses. All right? Now, in the last half of this podcast, we need to address what is going on in the stock market, because I am sure many of you are. Oh, my God, look at Palantir. Look at Ionq. Look at these stocks. Look at what's happening. Why is it happening? What should I do? So to that end, I thought you might enjoy if somebody who most of you listen to now, Keith Fitzgerald, you know, Keith, joins us. That's right. I'm going to, in a second, invite Keith onto this podcast. But for those of you who don't know Keith, this is what I want to say. For 40 years, Keith has been absolutely at the forefront of investing, working for the major companies, working everywhere. Now, if you ever turn on any channel on tv, oh, you will see him every single morning telling people what they should buy, what he thinks is going to happen. He writes the Five with Fits, which is absolutely free, which so many of you listen to. I could go on and on about Heath's resume, but here's what I really want to say. I love listening to Keith. I love talking to him. And we talk almost every single day. Now, I don't always agree with him. I don't always feel like I'm not buying Tesla. I don't care what Keith says. I'm not doing it. But overall, I do not know one person who is a more astute and brighter, not only investor, but somebody who really understands how Wall street works in a way that really none of us have the ability to do so because we never worked in the places and know the people that he knows. So, are you all ready? Welcome, Keith, to the Women and Money podcast. Good morning. How you doing today?
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Good morning.
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I'm doing great. Thank you so much for having me. We're out here on the West Coast. It's cold, it's wintry, but you're obviously bright and sunny.
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A
Kinda. Kinda and all. Everybody, just so you know, I like to call Keith Fritzi. That's my nickname for him. Fritzi. So, Fritzi.
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B
Yes, ma'.
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A
Am? Have a question for you. And I'm sure many of the listeners are just freaked given what happened in the last week. Are the markets going up? Are they going down? And what is happening to our absolute favorite stock of all time? And all of you know, we have been talking about Palantir forever. It went as high as 200. Something like. What was it, 203, 204. Right in there, all the way down in a matter of a day or two after it announced record earnings, everybody. Which usually causes a stock to go up. It went down all the way at one point to 1 69. So then you write me and you say, susie, what's happening? Should I sell? Oh, my God. So given that it was Keith who recommended Palantir at 7, many of you have tremendous profits in it still. Should you keep it? Should you save it? Should you buy more? And the real question is to you, Keith. Why did this happen? Go for it, boyfriend.
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C
All right, so everybody hang with me. Grab a stiff drink or a fresh lemonade, whatever you need. Because it gets a little technical.
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A
Keith, my people do not drink.
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C
Oh, okay. Well, good. Well, let's grab some lemonade and some punch, because maybe they do.
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A
I just don't think they drink this early in the morning. But I don't know if Hoda can drink this early in the morning on tv. I guess they can, too, as well. But anyway, that's okay. Go on.
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C
Okay. So one of the things that people don't understand, we all talk about investing like this, just the specific stocks. But behind the scenes, Susie, as you know, there is this massive orchestrated structure that is combined with big money traders, fast money traders, the slow investing guys, the regulators, the leverage bankers, and so on. Right? It's like watching an episode of the Little Rascals back in the day. You don't know what Spanky's up to any more than, you know, what the rest of the gang's doing. Right? They're just going to go all over the place. And in this instance, you had a gentleman named Michael Burry who was famous for something called the big short back in the day. This is in 2007, 2008, when the global mortgage crisis crashed. Now, he made headlines for saying, hey, I think this is going to be bad news. And he shorted the markets and made a gazillion dollars. Well, he did it again.
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A
Just out of curiosity, do you feel like he caused the markets to crash back then?
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C
No, I do not feel like he caused the markets to crash back then this time around. And speaking personally, I have a very hard time believing that what he has done is not deliberate. When you are a big trader like this, you have to file Something called a 13F, which discloses your positions. And so if everybody's listening out there, imagine going to the grocery store because you intend to buy all the inventory. You'd obviously have to tell the grocery store you intended to do that so the grocery store could reload and not mess up everybody else who's intending to go shopping that day.
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A
Okay, now you gotta really speak slowly for everybody. Cause I know you're really familiar with all of this, but it's when you start mentioning and it's technical, this is all brand new, really brand new for the listeners. So, you know, I feel like.
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C
I feel like Joe Pesci's character in the Lethal Weapon series.
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A
Okay, okay, okay, okay, okay.
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C
I get so excited about this stuff because, Susie, one of the things that is scary as this is, right? I mean, just to deviate for a split second, one of the things as scary as this is, whenever this kind of stuff happens, it is an amazing opportunity for smart investors who can see through the storm, Right? My grandfather used to say, the night is always darkest before the sun rises. And in a situation like this, that's what we're dealing with behind the scenes. Because you have this big money trader, Michael Burry, who makes headlines because he's betting Palantir is the world's biggest bubble. And oh, my goodness, isn't this terrible?
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A
In the meantime. Now, wait, wait, wait. Stop for a second. How much do you think he put on that trade?
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I don't know for certain, but I'm hearing in the billions.
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I billion. So before Palantir reports earnings, before anything comes out, he goes, and what does he do?
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Okay, so before it's coming in, the stock is running to new highs. This is like a movie. The stock is running to new highs. And he's assembling what's called puts or a short position. It's a bet the stock's going to go down. Now, he's done this every year and been wrong many, many times. Tesla was going to fail. The S and P was going to crash there was going to be nuts. So you got to take stuff like this with a big grain of salt. Like a really big grain of salt. But what makes it unique in this situation is normally he would file his 13 Fs mid November. Instead, he chose to file them on the day that Palantir was going to report record earnings on the day.
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A
Now, wait a minute. Wait a minute again, once again, explain to people what is a 13F and why did he have to even fill it out?
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C
Because he's a big investor, and he can be deemed to move the markets. And when he's holding a material position, his fund has to declare to the regulators that they've assembled this position.
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All right, so wait again. He has an actual fund that he invests the money of this fund. How big do you think his fund is?
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I don't know that number off the top of my head, but it's sizable.
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All right, so billions. Is that correct?
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It's enough to make a difference.
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All right, and so when you are the manager of a fund and you're about to make an investment that could absolutely move the. The market, you have to file this form, correct?
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C
That's correct.
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All right, now, everybody, do you got that? You might want to write this down because this is a tremendous education of what goes on behind the scenes. So you have to understand it's not always like you think. And that's why we are so privileged to have Mr. Fitz with us. All right, go on, Fitzy.
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C
Okay, so here's the setup. He's got all of this money bet that the company is going to go down. He tells the government, hey, you know what? I've bet all this money the company is going to go down. And he does it on the very same day that Palantir is going to hit new highs on the very same day that it is going to report record earnings on the very same day when there are all kinds of positive new partnerships being announced, incredible revenues and profits. So the.
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A
Wait, wait, wait. Now stop. Again. Why does it matter that he did that on that particular day?
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C
This is where I think it goes from random to deliberate. And this is just my opinion, just speculation. I don't want to get sued. I don't know for a fact.
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A
I don't know. I listened to you and you've never been wrong yet, but go on.
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C
Well, thank you. Thank you. Here we go. He filed this paperwork on the very same day all of the good news was going to come out. And he knew full well, in my humble opinion, that the media would take that story hook, line, and sinker, and they would run with it globally. Oh, my God. Michael Burry bets Palantir is going to crash. And sure enough, that's exactly what happened. Fear took over instantly. The big algorithms, which are also now involved, started selling faster than humans could keep up. And the next thing you know, the stock kaboom.
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A
Wait, stop one more second. Tell everybody what an algorithm is.
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C
Sure. So when you're a trader of that size, when you're, you know, well beyond just an individual investor like we are. Right. When you are a trader moving hundreds of millions of dollars at the touch of a button, you have these tremendous, sophisticated computer programs who do your bidding for you, and they trade so fast, a human can't keep up. Now, all of the computers talk to other computers on Wall street, and when one computer says, sell, the rest of them want to race to the bottom. They all want to jump on board and sell as fast as they can because nobody wants to be holding the hot potato and prices fall.
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A
Yeah. You know, now, let's just put a pin in all that for one second, everybody. I just want to tell you how I know this is true. So here I am, and all of a sudden, I start getting texts from my young friends. When I say young, about 23, 27, 28, that I had all of them. I told them all about Palantir, all right? And all of a sudden, that morning, they go, susie, Susie, have you seen what Michael Burry says? We got to sell. We got to sell. He thinks it's going to go down. He's going to short it. Let's sell. And of course, I said, you can sell if you want to pay taxes on it, but it's going to go down and probably go right back up. So be a fool if you want to be. So. All right, go on now.
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C
Okay, so what happens is these computers now, when they see one big. What's called a cell program, when they see one big cell program come online, then all the other computers say, oh, man, we should sell. So this is like the rumor mill on steroids. There's no human involvement, and the computers just sell, sell, sell, sell, and the price just drops like a rock. And that's what happened. So behind the scenes, you and I are investing in the company because it's a great stock. The computers don't care about that. The computers are fighting with other computers to make sure they're not left with the last potato on the shelf.
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A
All right, one last thing. Why don't they take into consideration that Palantir came out with record earnings that day. It would be like, if Michael hadn't done that, the stock would have been like, oh, my God, it exceeded everybody's expectations. How can it keep doing this? Oh, my God. Everybody didn't think it was going to be profitable, and it's more profitable than it ever was. Why do they not pay attention to that?
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C
Well, that raises a very interesting question, and one that does not get talked about nearly enough, but should, in my opinion. The computers. When you're a professional money manager, particularly at scale, meaning billions of dollars, you have to keep your money moving 24,7 all the time. Now, individual investors actually have the edge here, and they have the edge for reasons that Susie's been telling you about for years. You can logically, calmly, coolly, and collectively buy into great stocks when you want to. You can dollar cost, average into great stocks, but the big money doesn't have that option. And so what tends to happen is they accelerate time. So that's the one thing you and I can't control, but they can. And so the computers pile in instantly. So in other words, a movie that used to take you and I an hour and a half to watch, they'll watch because they're computers in 20 seconds, and the battle's over before you even minute. And the trick as an individual investor is not to fall for it. Don't fall for their shtick. Don't fall for the tricks. Don't get sucked into the hype, because the hype is what they're trying to get you to suck into. That's not your advantage. It's theirs.
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A
All right, so wait, hold on one more second there. So, everybody, here's what you have to understand about everything Keith just said. They come out, whether it's Michael or whoever, they place a huge bet that the stock is going to go down. And if the stock goes down, they make a fortune to make sure that. That it's going to go down. Or in the hopes that it's going to go down, they start these rumor mills, which is why my younger friends all freaked out and they wanted to sell. Because when the headlines are Michael Burry is betting Palantir is going to go down, it starts this frenzy where all of you as well as the computers start to sell. The more it goes down, the more of a fortune Michael makes. But he only does it up to a certain point, and then it stops. Right, Keith?
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C
That's correct. And for all we know, he may even already be out of the deal.
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A
Having Collected his profits and his profits, everybody. They weren't just a million dollars. They could have been seriously a billion dollars, a few hundred million dollars that he made simply because he started a rumor that's just that simple. So here we are. Now, if you're advising people, if you're going to just give your opinion, because we don't know their individual situations. We don't know what they should be investing in, what they shouldn't. But just talking about the stock Palantir, sure, it went all the way down to about 169 as we're talking. It closed on Friday, I think, at 177. It's now in the aftermarkets. It's been trading around 180. What are you doing? Are you buying more?
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C
Yes, I am buying more. I bought more all the way down and I'm going to buy more all the way back up. I think it's going to reclaim 200 in a few years from now. It will be three to five times higher than it is today.
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A
All right, now tell everybody what that means. So you think it's going to go back up to 200 probably shortly, even before the end of this year? Correct.
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C
That is my expectation, yes.
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A
All right. Then from there, over the next three years, it could go to 600, correct?
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C
Correct. Correct. Or even higher or higher.
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A
So are all of you now understanding why we always talk about dollar cost averaging, we call it keeping some powder dry? Because when something blows up like this, you want to have the money to go back in and take advantage of what just happened. Because a good stock is a good stock, is a good stock. And just because it goes down does not mean it's a bad stock. It's either caught in a bad situation or maybe the economy. But when a stock goes down that's a great stock like Palantir, earning money in the forefront of the future of what's going on. That's your ticket to buy something that has gone on serious sale when it already bypassed you by going up to 200. Now, I just have to say this about Keith. Keith first talked about Palantir at seven. And I remember him saying, oh, one day It'll go to 85. And everybody made fun of him. They went, yeah, like, right.
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C
Yes, they did. Yes, they did.
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A
And all of a sudden it's at 85. Then what does he say? He doesn't say it's going to go to 90 or 95. He goes on national television and he tells everybody over and over. I think this is a $200 stock.
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C
And they made fun of me again.
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A
They did more than make fun of you, Fitzy.
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B
Yes, they did.
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A
They were like, he's an idiot. Are you crazy? This can't happen. And then all of a sudden, the stock is all the way up at two something when Mr. I call him NB, right. Michael Burry. Right. You know, comes in and does his shenanigans. So I just wanted all of you to have a brief, brief lesson on what happened with one stock. Keith, overall, since we're almost out of time here, overall, what do you think the market's doing? What are your particular favorite stock still? Cause a lot of people still have IonQ. Do you still love it?
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C
Oh, my goodness. This is another stock on the forefront of our future. Yes, you bet I do.
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A
All right, so we have Palantir, IonQ. You still love Nvidia.
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C
Nvidia is still king of the ball. Queen of the ball. Whatever expression you want to use, it's at the party and going to dance for a long time.
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A
All right, we won't talk about Tesla because we have a difference in opinion there.
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C
Well, even if we have a difference in opinion. Right. Forget about Tesla, for example, but think about all the technologies that it's involved in that other companies besides Tesla are working in. Robotics, vision, health, neural networks. So if you can't get past Tesla, that's okay. You and I will always probably butt heads on that one. But the technology itself, with all these other companies that are involved, is still changing our world. And that's an investable opportunity that we will never again see in our lifetimes.
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A
All right, so you heard it here on the Women and Money podcast. Hopefully, Keith will be kind enough to join us again in the future when things like last week happen. Because last week was a phenomenon that all of you need to learn about, and so therefore, now you've learned it. So here's the bottom line. Keith. Do you know how we end the podcast? Do you know my last sayings?
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C
Considerably more style than I do, so I'm gonna let you finish.
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A
All right? So, everybody, there's only one thing that both of us want you to remember when it comes to your money, and it is this. People first, then money, then things. Keith, thank you from the bottom of my hearth. Bitsy.
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C
It's an honor to thank you, everyone.
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A
Right now, all of you. Stay safe, stay healthy, stay secure, and stay smart. See you soon. Bye. Bye. We are strong, we are wise. We will not apologize.
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C
We are here. We will thrive. Together we will rise.
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A
We're the little bit of faith and everything it takes. We are strong, we are wise.
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C
Together we will rise.
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A
Hi everybody, Suzie O Here now. If you are looking for a way to start saving to get the most out of your money, I want you to go to myalliant.com that's M y a l l I a n t dot com and look into opening an Ultimate Opportunity Savings Account. Put in at least $100 a month every single month for 12 consecutive months. Earn 3.10% interest on your money right now and get a hundred dollars at the end. Are you kidding me? It's the best deal out there. Start saving right now.
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B
Neither Susie Orman Media nor Susie Orman is acting as a Certified Financial Planner Advisor, a Certified Financial Analyst, an economist, CPA accountant or lawyer. Neither Suze Orman Media nor Susie Orman make any recommendations as to any specific securities or investments. All content contained in this podcast is for informational and general purposes only and does not constitute financial accounting or legal advice. You should consult your own tax, legal and financial advisors regarding your particular situation. Neither Suze Orman Media nor Suze Orman accepts any responsibility for any losses which may arise from accessing or reliance on information in this podcast and to the fullest extent permitted by law, we exclude all liability for loss damages, direct or indirect, arising from the use of this information. The must have documents discussed in this podcast are legal documents created by a lawyer and distributed by Hay House.