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

Suze School: Look For Change

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

Suze Orman Media

Investing, Business

4.84.2K Ratings

🗓️ 11 June 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

For Suze School this week, Suze looks at how change and what happens in the world, affect how you invest and what you invest in.


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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, everybody. I want you all to take advantage of the incredible interest rates that a

0:05.7

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0:15.2

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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. Okay, Susie, are you ready for today's podcast?

0:41.9

Oh, you bet I am because I'm unstoppable.

0:54.4

June 11th, 2021. Welcome everybody to the Women in Money podcast, as well as everybody smart enough to listen.

1:17.2

All right, it is Susie School today and the topic of Susie School today is change.

1:27.3

How does change and what happens in the world affect how you invest and what you invest in?

1:38.3

It was 1980 and I first became a stockbroker at Merrill Lynch and I was so proud to be a stockbroker.

1:46.4

And to be a stockbroker, you have to study and get your Siri 7 exam and know everything about the economy

1:53.7

and all of these things so that you really know how to invest people's money theoretically speaking

2:03.5

because learning about it and doing it is a whole nother thing. However, during that time,

2:12.2

I was the only woman stockbroker. Most of the other 105 stockbrokers all male were so much older than me.

2:23.0

It's not even funny. And I wanted to learn. I would always go to them and say, can you teach me this?

2:32.4

What about this? What does this mean? And they would answer and we had a great relationship.

2:39.6

But I also had an older brother who was brilliant and he still is. And he would say to me, Susie,

2:51.4

you need to learn how to do a technique called covered call writing. And if you could do that,

3:01.1

you can make yourself and your clients a lot of money. And I said, well, Bobby, what's that about?

3:07.7

And he said, Susie, it's about options. Options can be speculative, Susie, but they can also be used

3:16.0

to be very conservative. And I'm doing it, Susie, and I'm making a good 20% every few months on my money.

3:27.1

But you should go to the brokers and learn about it from them. And I'll never forget being so excited

...

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