Stock Market Jitters: Part 1
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 27 January 2019
⏱️ 20 minutes
🧾️ Download transcript
Summary
In today’s podcast, Suze wants to have a conversation on the stock market. With the latest period of ups and downs in the markets, Suze’s inbox has been full of questions asking for advice on when to know if you should stay in the market vs. when you should get out. In a classic Suze response, she reminds us that fear is one of the three biggest obstacles to wealth and offers critical advice to help you determine the right mix of investments, regardless of whether the markets are behaving as they are right now.
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Transcript
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| 0:00.0 | Hey, everybody. I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month |
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| 0:24.4 | You can also purchase these in a retirement account. So go to myalientaliant.com slash |
| 0:35.2 | ultimate and check it out now. Suzy Orman here and you are listening to the Women in Money Podcast. |
| 0:43.1 | Now this is not your ordinary money podcast, but there is nothing that I do that is ordinary. |
| 0:48.6 | So if you want to be the powerful woman that you were born to be in every aspect of your life, |
| 0:54.6 | then you have come to the right place. |
| 1:18.6 | Suzy Orman here and welcome to the Women in Money Podcast. Today, I want to talk to you about |
| 1:33.6 | the stock market. No, no, don't freak out. I'm not going to get too technical on you, but you |
| 1:40.5 | see me and you say to me, Suzy, what should I be doing? Should I be selling? Should I be buying? |
| 1:47.4 | I'm so afraid. Suzy, this is all the money I have. I don't know what to do. Tell me, Suzy, |
| 1:53.3 | what do you think is going to happen with the stock market? And I'm here to tell you I have no idea. |
| 2:00.8 | Nor does anybody else really because what you have to understand is that anything can happen out |
| 2:08.0 | there that affects the stock market. So it's not about what do I think about the stock market? |
| 2:15.9 | It's about how does the stock market make you feel? Remember, the goal of money is to make you feel |
| 2:25.2 | secure. And if this is your money, I don't care how much time, how, what age you are, anything. |
| 2:32.5 | All I care about is this. How does the stock market make you feel you need to answer that question? |
| 2:41.3 | Because if you are scared to death, scared to death, I'm here to tell you fear is one of the |
| 2:49.4 | main internal obstacles to wealth. Oh, you will buy it the wrong time and you will sell at the |
| 2:55.4 | wrong time. Now, how do I know that's true? Let me tell you a story. It was years and years ago |
| 3:03.3 | in the 1980s when I first became a financial advisor and worked as a stockbroker. And when you're a |
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