Staying Safe, Strong and Secure in These Tough Times

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze Orman Media

Business, Investing

4.8 • 4.2K Ratings

🗓️ 26 June 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Suze starts this episode with an update on what’s happening with oil stocks, BitCoin, gold, inflation and tech stocks. Then she talks about the meaning behind the phrase, “people first, then money, then things,” and why it’s so important for you to make your own decisions.

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Transcript

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0:00.0	Hi everybody, Suzy Orman here and Katie and welcome to the Women in Money Podcast and everyone's
0:06.0	smart enough to listen. And both of us are so proud to have this podcast sponsored by a
0:12.5	Lyand Credit Union, the home of the ultimate opportunity savings account. This is where if you
0:19.4	simply go to myalliant.com and why a L L I A N T dot com open an account and deposit $100 a
0:31.1	month every month for 12 consecutive months. What's going to happen Katie? A lion is going to pay you a
0:36.9	bonus of $100. That is the place that both of us want you to save. So go to myalliant.com and do
0:46.2	what Katie? Look for Suzy and start saving now.
1:16.2	June 26, 2022. Welcome everybody to the Women in Money Podcast and everyone else smart enough to
1:36.0	listen. I have to tell you. I just love that subtitle and everyone else smart enough to listen.
1:44.2	Well, I feel better. The Friday give you some hope that these markets are going to turn around and
1:52.0	you're all going to get all your money back. The Dow Jones increased 823 points. And Nasdaq,
1:59.5	375 points. It's all about 2.5%. That is a nice move. So you must be feeling better, right?
2:08.9	Okay, but in my personal opinion, don't feel good for too long because the overarching momentum of
2:18.9	this market in my opinion is still for the intermediate term for the long term. It has a downward bias,
2:28.4	which means it is more apt to go down than to go all the way back up again. So if you're feeling
2:37.7	better, when the markets are up like this, you have to look at your situation and you have to say,
2:44.7	okay, do I need to sell right now? Do I need to take some of this money off of the table? Because
2:51.6	I really need it. I need it because I'm falling short of my bills. Inflation is getting to me. I
2:59.5	need it. Whatever you may need it for, maybe even you need it for your peace of mind.
3:04.1	Okay, however, if you don't need it, then what will continue to happen in my opinion again,
3:14.0	is that it will go up and you'll feel really good when it's going up. And if it happens to go
3:19.7	back down again, you'll start to feel depressed. But the most important thing you must continue to do
	...

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