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

Suze School: What You Need To Know About Preferred Stocks

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

Suze Orman Media

Business, Investing

4.84.2K Ratings

🗓️ 28 May 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

This week’s Suze School is all about preferred stocks and what the difference is between them and common stocks.  Plus, Suze does something brand new!


Take advantage of the Ultimate Certificates with Alliant Credit Union at: bit.ly/3kwMcjR

Get Suze’s special offers for podcast listeners at suzeorman.com/offer

Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast!

To ask Suze a question, download by following one of these links:

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See omnystudio.com/listener for privacy information.

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

Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month

0:15.2

certificate. But best of all, in my opinion, is 5% for a one-year certificate of deposit.

0:24.4

You can also purchase these in a retirement account. So go to my alliance,

0:30.7

alult.int.com slash ultimate and check it out now.

0:53.9

May 28, 2023. Welcome everybody to the Women in Money podcast, as well as everybody smart enough

1:16.6

to listen. Alright, before we get into Susie's school, there are a few things that most important

1:24.7

really being tomorrow is Memorial Day. And this obviously is Memorial Day weekend. And this weekend

1:34.1

is not just about barbecues in an extra day off. This weekend tomorrow is a true day of remembrance.

1:46.3

Remembrance of what others did that allowed us to have our freedom. So happy Memorial Day to all.

1:57.6

Also, I just want to remind everybody that many of you who purchased three-month certificates of

2:06.6

deposits with a Lion Credit Union guess what? They are coming due. And I want you to do what I did.

2:20.0

And if you do not need that money, I want you to renew it for an 18-month period of time at 5.15%.

2:33.1

I want you to Google, do all the research you can, and I don't think that you will find anywhere,

2:42.0

any bank or any other credit union, 18-month where you're locking that interest rate in for 18-month

2:51.6

certificate of deposit for 5.15%. Now, I am very aware that in the past, I would say, no, no,

3:03.3

go short term, short term, because interest rates are going to continue to go up. All of that

3:08.8

changed everybody when Silicon Valley bank went under. And when things change, you have to change.

3:18.8

The investment advice has to change. And across the board, when you talk to financial institutions,

3:27.6

as well as economists, they truly think that interest rates will be coming down. Therefore,

3:36.0

you want to lock in as long of a rate that seems feasible for you at the greatest interest rate

3:44.4

out there. And right now, that is the 18-month certificate of deposit at a Lyon Credit Union.

...

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