March 2, 2025 • 24 mins
For this Suze School, we get a lesson on why it’s important, during these uncertain times, to not be driven by fear when making your investment decisions. Plus, some great news about interest rates and Alliant Credit Union and much more.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Suze (00:01):
We
(00:28):
March 2nd, 2025. Welcome everybody to the Women and Money
podcast as well as everybody smart enough to listen. Suze
O here, and today is Suze School, and here's what
I want you to know. First of all, take out
your notebooks because I think you're gonna want to write
(00:50):
things down.
Second, I'm going to touch on interest rates. Then the
stock market, and I'm sure many of you are just
freaked when it comes to Palantir.
Even though I told you, don't be surprised.
To see it down at 75 or 85, but that's
another story. And if we have time, I will touch
(01:12):
on real estate.
So let's begin. Have you been watching interest rates?
Oh, you haven't, have you, because interest rates don't concern
you unless of course you have a CD or a
Treasury maturing, which I'm going to also talk to you
about in a second, but currently interest rates are coming down.
(01:36):
For instance, the one year treasury is all the way
down at about 4.09%.
The two-year treasury is at about 3.9%, and the 10-year
treasury is 4.2%. OK.
It would not shock me on any level if the
(01:56):
10 year treasury goes down to 4%, which would be really,
really great because then mortgage rates would start to trend down.
Will they trend down enough for many of you who
are willing to sell the house that you currently have
at a 2.5 or 2 3/4% mortgage to possibly buy
(02:17):
a new one at 5.5%?
6%, not exactly sure, but we will see. Let's get
back to interest rates and why I want to talk
to you about this.
As you know, many of you one year ago purchased
(02:38):
one year certificates of deposits. In fact, many of you
purchased those one year certificates of deposits at Alliant Credit Union,
who sponsors this podcast. Now,
what's interesting is that in this month those CDs are
(03:03):
going to mature and you are going to have a
choice of what should you do with it.
Should you roll it over? Should you look somewhere else?
What are you going to do? Currently, the one year
rate for new customers, for people just doing it.
The one year rate is at 4.25%, not bad on
(03:27):
any level, however, and listen to me closely. I had
a long talk the other day with the powers that
be at Alliant Credit Union, and they are making a
special offer as they normally do do for the Women
and Money podcast listeners, and here is how it works.
(03:52):
If you decide to roll over into another one year.
Certificate of deposit with Alliant Credit Union. You will get 4.35%
for amounts under $75,000 or 4.4%.
(04:13):
For amounts of $75,000 or over, however, here is the
real kicker if you decide to put in new money.
Not money that you're rolling over but actually add to it,
you will get those interest rates as well. I personally
(04:33):
think those are great rates for a one year certificate
of deposit, bar none, however, I want you to listen
to me now.
As you know, with Alliant Credit Union, unlike any other
credit union out there, does this crazy thing when it
comes to their maturities with CDs. When you get a CD,
(05:01):
they have a 12 month currently at 4.25%, a 2
year for 3.80%. OK.
Listen to me closely now.
They do this crazy thing where if you decide to
get a 12 month CD you can stagger the maturities
(05:23):
of that from 12 months to 13 months. You could
choose 1415, 16, or 17 months if you were to
then choose, you have to talk to them when you're
doing this, a 17 month maturity.
It matures in 17 months and 30 days, and you
(05:46):
would be locking in either 4.35% or 4.40% for that
entire amount of time versus 3.8% for a two year.
So you're almost going to be able to get a
(06:06):
2 year certificate of deposit at Alliant Credit Union.
It's only 17 months and 30 days.
But get a significantly higher interest rate. If I were you,
I would seriously consider doing that. So again, for those
(06:28):
of you who do have certificates of deposits with Alliant
Credit Union that are maturing the month of March.
So I'm addressing just you now, just those of you
who have that.
You can if you roll it over, you will get 4.35%
(06:50):
for under $75,000 4.4 for amounts $75,000 and over, and
that will include if you want to add any additional
money to those CDs just.
That simple and you again can change your maturity if
(07:12):
you want from 12 months anywhere up to 17 months.
So I just wanted to tell you that you would
go to myalliant.com to check it out, or better yet,
call them and talk to them directly about this.
(07:32):
Next topic, the stock market.
Now, I'm sure all of you, like I said in
the introduction to this podcast, you want me to talk
about talent here, but the truth of the matter, it's
far more than just one stock.
What have I always told you is the main internal
obstacle to wealth.
(07:54):
The main internal obstacle to wealth is fear.
Fear everybody just that simple.
And what are people afraid of right now? I want
you to think about it. Half this world seems to
be afraid that they're absolutely going to lose their job
(08:15):
if they work for the federal government.
Even if you don't work for the federal government, you're
afraid if you work for a retailer, retailers everywhere are
starting to shutter their businesses and or lay off thousands
of people.
So this universal fear that you hear on the news
(08:37):
all the time or your friends are telling you permeates
the atmosphere.
And what we see happening because of that, the economy
now is starting to go down, go down in what way?
People are stopping to shop. Retail sales are down. Real
(08:57):
estate is down. Things are starting to happen where we're
going down rather than going up, just that simple. Then
we have things where the cost of meat is going up.
The cost of eggs still going up. Everybody is afraid
that measles is going to spread throughout the entire United States.
(09:22):
That another possible pandemic may happen with Ebola from across
the sea.
And that we don't have the infrastructure to handle any
of it and inwardly we are all afraid. We have
heard that they're going to absolutely cut the defense budget
(09:43):
and so in our heads and everybody else start to say, well,
that means they are going to cut stocks like Palantir
and things like that. So rumors are abound everywhere.
Everybody is afraid we see on TV what recently just
happened between the United States and Ukraine, and what does
(10:07):
that mean for all of us. So this is not
exactly the most peaceful, wonderful time.
Energy goes everywhere. You cannot stop it and when energy
is frenetic, when energy is afraid, when energy is just going, oh,
(10:30):
what am I gonna do if something happens?
That affects everything, and what it affects is the stock
market because a lot of people are afraid, oh my God,
everything's going to go to hell. Where should I take
my money? Do I need to take it to a
Swiss bank account? Do you know that's my number one
email right now that I'm getting, Suze.
(10:52):
How do I open up a Swiss bank account? OK, now,
what does that tell you? In the entire time that
I've done this podcast, the Suze Orman show, nobody has
ever asked me that question before, and now people are
asking that question.
Why would they ask that question? It's because they are afraid.
(11:14):
So when you are afraid and you have stocks that
have incredible gains in them, you start to take them.
And then when you start to take them and you
see the stocks start to go down, then you go, Oh,
I better take them, and everybody jumps on the bandwagon.
Prices go down.
(11:36):
You feel good for a while, cause maybe you sold
Palantir at 95, and now here it's at 85 and
you feel like such a winner. Are you kidding me?
Again, remember you are not investing with money that you
hopefully need right away. You are investing with money that
(11:58):
you don't need for the long run. And while it's true,
maybe you made good money in Palantir or whatever stocks
you may happen to have sold outside of a retirement account.
Did you take into consideration whether you're gonna be paying
ordinary income tax on that gain or capital gains tax,
(12:20):
cause if you're going to pay ordinary income tax, which
simply means
That you didn't hold it for at least one year
or longer, you might be losing 30 or 40% of
that gain to taxes. Let's say you bought it at
$50 a share. It's now at $100 a share when
(12:42):
you sold it. You haven't held it for at least
a year or longer. Let's just say you're in the 30%
combined federal and state income tax bracket.
So that means $15 of that $50 gain is gonna
go to taxes, so to speak, and that means rather
(13:07):
than selling at $100 after taxes you have $85 which
is where it is right now.
Am I making sense to you for a second? I
would like you to think back to 2022. Do you
(13:27):
remember what happened in 2022? Do you?
Well, if you don't, let me just remind you, the
magnificent seven stocks like Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia
and Tesla had one of the most challenging years ever.
(13:48):
Collectively they totally all tanked and underperformed the market and
why was that? Because interest rates were rising and they
started to go down. There was economic uncertainty, valuation concerns,
the same thing kind of is now anyway, and they tanked.
(14:11):
In fact, they weren't known as the Magnificent Seven, everybody.
Do you know that they were referred to as the
Stinky 7.
Because of how badly they had gone down, and I
remember looking at them and going, Are you kidding me?
But a year later, for instance, Nvidia that had been obliterated,
(14:34):
went up 240% in 2023.
And then as time went on, they all started to skyrocket,
and if you had purchased them in 2022,
You would have in the following 2 years made an
absolute fortune to put it mildly, all right.
(14:57):
We are going through a time like that right now
with these stocks, but you did not buy these stocks, everybody,
for you to simply buy it and then sell it
a few months later.
A year later, 2 years later.
If the stocks are good, and I've said this to
(15:18):
you before, if the stock is good, management is good,
product is good, product is something that is going to
be very futuristic, and all the other things that go
into making a great stock.
You want to build wealth. You just don't want gains,
and then what are you going to do with them, OK?
(15:40):
You want wealth. Now that doesn't mean that when a
stock skyrockets, that if you need the money, you don't
take some off the table, especially if the stock has
gone up so high.
That it's now creating too big of a position in
your overall portfolio in just one stock.
(16:03):
In English, maybe you have too much money at risk,
and then you have to take some off the table
to invest somewhere else or put in a money market fund,
keep it safe and sound, and if the stock happens
to tank again, you buy it back.
But you have to understand.
(16:26):
When do you keep a stock? When do you sell it,
and when do you add to it? Now let's go
back to Palantir. One of the reasons Palantir obviously got
hit so hard, went all the way up to 125,
way too fast. Then now is down at 85. That
is a dramatic decline, everybody.
(16:49):
But if it never had gone up to 125 and
it was just at 85, all of you would still
be absolutely thrilled given that many of you bought it
at 10, at 20, at 40, or 50, and you
would still have a tremendous gain.
(17:09):
Those that are freaking are those that it went up
to 125. Then it went down, you bought some more
maybe like I did at 113, then it went down
some more to 98 and maybe you bought more like
I did. And now, as I said in a podcast,
(17:31):
I think it was last week, don't be surprised to
see it at 75 or 85, then it went down.
And I'm buying some more, but I have the funds
to continuously to buy more in large chunk moves. 113
to 98 is a good move. 98 to 85, that's
(17:55):
a significant move, so I bought more.
And if it goes from 85 to 75, I will
buy more.
But the big question at hand is, do you continuously
have money to buy more, because if you don't, you
(18:16):
have to be selective. $1 cost averaging as to how
often do you buy it because you're not going to
catch it at its bottom.
Again this stock can go anywhere it wants to.
So you have to decide, you have another $300 that
(18:38):
you can put into Palantir totally.
So all right, put $50 at a time in it.
So that you have at least 6 more times that
you can buy the stock if it continues to go down.
Are you understanding what I'm saying? Where you get in
big trouble is if you bought it at 125 and
(19:02):
you don't have any more money to put into it,
and now you're down at 85. That is a serious mistake, everybody.
Which is why dollar cost averaging is absolutely essential. Value
cost averaging is absolutely essential, and that is why in
(19:23):
markets like this you do not, and I repeat, you
do not want to do lumps.
Some investing, which means, oh, I have to buy the stock.
I just have to buy it. It's at $125. It's
gonna go to $150. I already missed it and you
buy it and let's say you had $5000 to invest
(19:43):
in it and you put all $5000 in at once.
You cannot make a bigger mistake than that, and you
may think that you're doing great if it continues up.
But not on a stock that has gone straight up.
Are you understanding? So am I freaked about Palantir? I
(20:07):
am not.
Do I wish it had stayed up there? No, cause
I like that it's come down cause I can keep
buying more, but I have the funds to do so.
So the question at hand to all of you, do
you have the funds to do so?
And do you have other stocks besides Palantir?
(20:32):
So you just need time, but besides time you also
need diversification cause you cannot put all of your money
into just the magnificent seven and think that's diversification. You
need other kinds of stocks, and if you don't know
(20:56):
which stocks to buy, then buy an exchange traded fund
like Vu VOO or Spider SPY or the Vanguard Total
Stock Market Index VTI, just get some diversification in there.
So that you're not 100% exposed to the magnificent seven.
(21:18):
So if you did that and you had diversification.
You won't be so freaked that one stock is down
considerably right now, but your other stock should be relatively OK.
All right, so I'm asking you just to realize Palantir
(21:42):
is still great.
What I found fascinating is that the stock was down
even more on Friday. It was down to about 79,
and right after the argument that happened at the White
House ended Nvidia that was down 3 or 4 at
that moment in time, both those stocks finished up right
(22:07):
after that.
Don't ask me why that happened, but I found that
very interesting. Is the government going to need what Nvidia
and Palantir manufacture, possibly.
So it's just something for you to think about and
(22:27):
not get freaked about. All right, I was gonna talk
to you a little bit about real estate, but I
think I'm gonna hold that till next Sunday's Suze School.
And continue to see what's happening with it, but just
to give you a little bit of a preview, which is,
I don't think the real estate market is doing very
(22:50):
good on any level, so just be careful before you
jump in right now and buy a home. That's all
I'm going to say at this point in time.
So there's two things that I just want you to consider.
I want you again to consider what's happening with interest rates. Again,
Allliant customers don't miss the opportunity that's there for you
(23:14):
if you have a certificate of deposit that is maturing
in the month of March 2025 and you want to
renew it, you best think about the offer that they're
making you because I think it's a pretty great offer
number one.
And also the stock market just understand why it's doing
(23:34):
what it's doing, but overall I still think that many stocks,
as well as the overall markets are still going to
go up this year, but time will tell.
So until Thursday, there's only one thing that I want
you to remember when it comes to your money, and
it's this people first, then money, then things. Now you
(23:59):
stay safe. Bye-bye. We are.
We
(00:28):
March 2nd, 2025. Welcome everybody to the Women and Money
podcast as well as everybody smart enough to listen. Suze
O here, and today is Suze School, and here's what
I want you to know. First of all, take out
your notebooks because I think you're gonna want to write
(00:50):
things down.
Second, I'm going to touch on interest rates. Then the
stock market, and I'm sure many of you are just
freaked when it comes to Palantir.
Even though I told you, don't be surprised.
To see it down at 75 or 85, but that's
another story. And if we have time, I will touch
(01:12):
on real estate.
So let's begin. Have you been watching interest rates?
Oh, you haven't, have you, because interest rates don't concern
you unless of course you have a CD or a
Treasury maturing, which I'm going to also talk to you
about in a second, but currently interest rates are coming down.
(01:36):
For instance, the one year treasury is all the way
down at about 4.09%.
The two-year treasury is at about 3.9%, and the 10-year
treasury is 4.2%. OK.
It would not shock me on any level if the
(01:56):
10 year treasury goes down to 4%, which would be really,
really great because then mortgage rates would start to trend down.
Will they trend down enough for many of you who
are willing to sell the house that you currently have
at a 2.5 or 2 3/4% mortgage to possibly buy
(02:17):
a new one at 5.5%?
6%, not exactly sure, but we will see. Let's get
back to interest rates and why I want to talk
to you about this.
As you know, many of you one year ago purchased
(02:38):
one year certificates of deposits. In fact, many of you
purchased those one year certificates of deposits at Alliant Credit Union,
who sponsors this podcast. Now,
what's interesting is that in this month those CDs are
(03:03):
going to mature and you are going to have a
choice of what should you do with it.
Should you roll it over? Should you look somewhere else?
What are you going to do? Currently, the one year
rate for new customers, for people just doing it.
The one year rate is at 4.25%, not bad on
(03:27):
any level, however, and listen to me closely. I had
a long talk the other day with the powers that
be at Alliant Credit Union, and they are making a
special offer as they normally do do for the Women
and Money podcast listeners, and here is how it works.
(03:52):
If you decide to roll over into another one year.
Certificate of deposit with Alliant Credit Union. You will get 4.35%
for amounts under $75,000 or 4.4%.
(04:13):
For amounts of $75,000 or over, however, here is the
real kicker if you decide to put in new money.
Not money that you're rolling over but actually add to it,
you will get those interest rates as well. I personally
(04:33):
think those are great rates for a one year certificate
of deposit, bar none, however, I want you to listen
to me now.
As you know, with Alliant Credit Union, unlike any other
credit union out there, does this crazy thing when it
comes to their maturities with CDs. When you get a CD,
(05:01):
they have a 12 month currently at 4.25%, a 2
year for 3.80%. OK.
Listen to me closely now.
They do this crazy thing where if you decide to
get a 12 month CD you can stagger the maturities
(05:23):
of that from 12 months to 13 months. You could
choose 1415, 16, or 17 months if you were to
then choose, you have to talk to them when you're
doing this, a 17 month maturity.
It matures in 17 months and 30 days, and you
(05:46):
would be locking in either 4.35% or 4.40% for that
entire amount of time versus 3.8% for a two year.
So you're almost going to be able to get a
(06:06):
2 year certificate of deposit at Alliant Credit Union.
It's only 17 months and 30 days.
But get a significantly higher interest rate. If I were you,
I would seriously consider doing that. So again, for those
(06:28):
of you who do have certificates of deposits with Alliant
Credit Union that are maturing the month of March.
So I'm addressing just you now, just those of you
who have that.
You can if you roll it over, you will get 4.35%
(06:50):
for under $75,000 4.4 for amounts $75,000 and over, and
that will include if you want to add any additional
money to those CDs just.
That simple and you again can change your maturity if
(07:12):
you want from 12 months anywhere up to 17 months.
So I just wanted to tell you that you would
go to myalliant.com to check it out, or better yet,
call them and talk to them directly about this.
(07:32):
Next topic, the stock market.
Now, I'm sure all of you, like I said in
the introduction to this podcast, you want me to talk
about talent here, but the truth of the matter, it's
far more than just one stock.
What have I always told you is the main internal
obstacle to wealth.
(07:54):
The main internal obstacle to wealth is fear.
Fear everybody just that simple.
And what are people afraid of right now? I want
you to think about it. Half this world seems to
be afraid that they're absolutely going to lose their job
(08:15):
if they work for the federal government.
Even if you don't work for the federal government, you're
afraid if you work for a retailer, retailers everywhere are
starting to shutter their businesses and or lay off thousands
of people.
So this universal fear that you hear on the news
(08:37):
all the time or your friends are telling you permeates
the atmosphere.
And what we see happening because of that, the economy
now is starting to go down, go down in what way?
People are stopping to shop. Retail sales are down. Real
(08:57):
estate is down. Things are starting to happen where we're
going down rather than going up, just that simple. Then
we have things where the cost of meat is going up.
The cost of eggs still going up. Everybody is afraid
that measles is going to spread throughout the entire United States.
(09:22):
That another possible pandemic may happen with Ebola from across
the sea.
And that we don't have the infrastructure to handle any
of it and inwardly we are all afraid. We have
heard that they're going to absolutely cut the defense budget
(09:43):
and so in our heads and everybody else start to say, well,
that means they are going to cut stocks like Palantir
and things like that. So rumors are abound everywhere.
Everybody is afraid we see on TV what recently just
happened between the United States and Ukraine, and what does
(10:07):
that mean for all of us. So this is not
exactly the most peaceful, wonderful time.
Energy goes everywhere. You cannot stop it and when energy
is frenetic, when energy is afraid, when energy is just going, oh,
(10:30):
what am I gonna do if something happens?
That affects everything, and what it affects is the stock
market because a lot of people are afraid, oh my God,
everything's going to go to hell. Where should I take
my money? Do I need to take it to a
Swiss bank account? Do you know that's my number one
email right now that I'm getting, Suze.
(10:52):
How do I open up a Swiss bank account? OK, now,
what does that tell you? In the entire time that
I've done this podcast, the Suze Orman show, nobody has
ever asked me that question before, and now people are
asking that question.
Why would they ask that question? It's because they are afraid.
(11:14):
So when you are afraid and you have stocks that
have incredible gains in them, you start to take them.
And then when you start to take them and you
see the stocks start to go down, then you go, Oh,
I better take them, and everybody jumps on the bandwagon.
Prices go down.
(11:36):
You feel good for a while, cause maybe you sold
Palantir at 95, and now here it's at 85 and
you feel like such a winner. Are you kidding me?
Again, remember you are not investing with money that you
hopefully need right away. You are investing with money that
(11:58):
you don't need for the long run. And while it's true,
maybe you made good money in Palantir or whatever stocks
you may happen to have sold outside of a retirement account.
Did you take into consideration whether you're gonna be paying
ordinary income tax on that gain or capital gains tax,
(12:20):
cause if you're going to pay ordinary income tax, which
simply means
That you didn't hold it for at least one year
or longer, you might be losing 30 or 40% of
that gain to taxes. Let's say you bought it at
$50 a share. It's now at $100 a share when
(12:42):
you sold it. You haven't held it for at least
a year or longer. Let's just say you're in the 30%
combined federal and state income tax bracket.
So that means $15 of that $50 gain is gonna
go to taxes, so to speak, and that means rather
(13:07):
than selling at $100 after taxes you have $85 which
is where it is right now.
Am I making sense to you for a second? I
would like you to think back to 2022. Do you
(13:27):
remember what happened in 2022? Do you?
Well, if you don't, let me just remind you, the
magnificent seven stocks like Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia
and Tesla had one of the most challenging years ever.
(13:48):
Collectively they totally all tanked and underperformed the market and
why was that? Because interest rates were rising and they
started to go down. There was economic uncertainty, valuation concerns,
the same thing kind of is now anyway, and they tanked.
(14:11):
In fact, they weren't known as the Magnificent Seven, everybody.
Do you know that they were referred to as the
Stinky 7.
Because of how badly they had gone down, and I
remember looking at them and going, Are you kidding me?
But a year later, for instance, Nvidia that had been obliterated,
(14:34):
went up 240% in 2023.
And then as time went on, they all started to skyrocket,
and if you had purchased them in 2022,
You would have in the following 2 years made an
absolute fortune to put it mildly, all right.
(14:57):
We are going through a time like that right now
with these stocks, but you did not buy these stocks, everybody,
for you to simply buy it and then sell it
a few months later.
A year later, 2 years later.
If the stocks are good, and I've said this to
(15:18):
you before, if the stock is good, management is good,
product is good, product is something that is going to
be very futuristic, and all the other things that go
into making a great stock.
You want to build wealth. You just don't want gains,
and then what are you going to do with them, OK?
(15:40):
You want wealth. Now that doesn't mean that when a
stock skyrockets, that if you need the money, you don't
take some off the table, especially if the stock has
gone up so high.
That it's now creating too big of a position in
your overall portfolio in just one stock.
(16:03):
In English, maybe you have too much money at risk,
and then you have to take some off the table
to invest somewhere else or put in a money market fund,
keep it safe and sound, and if the stock happens
to tank again, you buy it back.
But you have to understand.
(16:26):
When do you keep a stock? When do you sell it,
and when do you add to it? Now let's go
back to Palantir. One of the reasons Palantir obviously got
hit so hard, went all the way up to 125,
way too fast. Then now is down at 85. That
is a dramatic decline, everybody.
(16:49):
But if it never had gone up to 125 and
it was just at 85, all of you would still
be absolutely thrilled given that many of you bought it
at 10, at 20, at 40, or 50, and you
would still have a tremendous gain.
(17:09):
Those that are freaking are those that it went up
to 125. Then it went down, you bought some more
maybe like I did at 113, then it went down
some more to 98 and maybe you bought more like
I did. And now, as I said in a podcast,
(17:31):
I think it was last week, don't be surprised to
see it at 75 or 85, then it went down.
And I'm buying some more, but I have the funds
to continuously to buy more in large chunk moves. 113
to 98 is a good move. 98 to 85, that's
(17:55):
a significant move, so I bought more.
And if it goes from 85 to 75, I will
buy more.
But the big question at hand is, do you continuously
have money to buy more, because if you don't, you
(18:16):
have to be selective. $1 cost averaging as to how
often do you buy it because you're not going to
catch it at its bottom.
Again this stock can go anywhere it wants to.
So you have to decide, you have another $300 that
(18:38):
you can put into Palantir totally.
So all right, put $50 at a time in it.
So that you have at least 6 more times that
you can buy the stock if it continues to go down.
Are you understanding what I'm saying? Where you get in
big trouble is if you bought it at 125 and
(19:02):
you don't have any more money to put into it,
and now you're down at 85. That is a serious mistake, everybody.
Which is why dollar cost averaging is absolutely essential. Value
cost averaging is absolutely essential, and that is why in
(19:23):
markets like this you do not, and I repeat, you
do not want to do lumps.
Some investing, which means, oh, I have to buy the stock.
I just have to buy it. It's at $125. It's
gonna go to $150. I already missed it and you
buy it and let's say you had $5000 to invest
(19:43):
in it and you put all $5000 in at once.
You cannot make a bigger mistake than that, and you
may think that you're doing great if it continues up.
But not on a stock that has gone straight up.
Are you understanding? So am I freaked about Palantir? I
(20:07):
am not.
Do I wish it had stayed up there? No, cause
I like that it's come down cause I can keep
buying more, but I have the funds to do so.
So the question at hand to all of you, do
you have the funds to do so?
And do you have other stocks besides Palantir?
(20:32):
So you just need time, but besides time you also
need diversification cause you cannot put all of your money
into just the magnificent seven and think that's diversification. You
need other kinds of stocks, and if you don't know
(20:56):
which stocks to buy, then buy an exchange traded fund
like Vu VOO or Spider SPY or the Vanguard Total
Stock Market Index VTI, just get some diversification in there.
So that you're not 100% exposed to the magnificent seven.
(21:18):
So if you did that and you had diversification.
You won't be so freaked that one stock is down
considerably right now, but your other stock should be relatively OK.
All right, so I'm asking you just to realize Palantir
(21:42):
is still great.
What I found fascinating is that the stock was down
even more on Friday. It was down to about 79,
and right after the argument that happened at the White
House ended Nvidia that was down 3 or 4 at
that moment in time, both those stocks finished up right
(22:07):
after that.
Don't ask me why that happened, but I found that
very interesting. Is the government going to need what Nvidia
and Palantir manufacture, possibly.
So it's just something for you to think about and
(22:27):
not get freaked about. All right, I was gonna talk
to you a little bit about real estate, but I
think I'm gonna hold that till next Sunday's Suze School.
And continue to see what's happening with it, but just
to give you a little bit of a preview, which is,
I don't think the real estate market is doing very
(22:50):
good on any level, so just be careful before you
jump in right now and buy a home. That's all
I'm going to say at this point in time.
So there's two things that I just want you to consider.
I want you again to consider what's happening with interest rates. Again,
Allliant customers don't miss the opportunity that's there for you
(23:14):
if you have a certificate of deposit that is maturing
in the month of March 2025 and you want to
renew it, you best think about the offer that they're
making you because I think it's a pretty great offer
number one.
And also the stock market just understand why it's doing
(23:34):
what it's doing, but overall I still think that many stocks,
as well as the overall markets are still going to
go up this year, but time will tell.
So until Thursday, there's only one thing that I want
you to remember when it comes to your money, and
it's this people first, then money, then things. Now you
(23:59):
stay safe. Bye-bye. We are.
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