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

The False Wealth Syndrome

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

Suze Orman Media

Investing, Business

4.84.2K Ratings

🗓️ 23 January 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Suze starts this episode with a recap of what happened in the stock market last week.

Then, we get a lesson on why it’s so important to stay the course with our investments.  The best way to not have financial insecurity is to avoid making rash decisions.


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Transcript

Click on a timestamp to play from that location

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 all L I A and T dot com open an account and deposit $100

0:30.9

a month every month for 12 consecutive months. What's going to happen Katie? Alliant is going to pay

0:36.5

you a bonus of $100. That is the place that both of us want you to save. So go to myalliant.com

0:45.8

and do what Katie? Look for Suzy and start saving now.

1:15.8

I will.

1:25.1

January 23, 2022. Well, how you feeling out there? Did you watch the stock market last week?

1:37.5

Mm-hmm. I bet you did. Did you watch Crypto Currencies last week? Oh, I bet you did. And every

1:50.0

possible financial asset like that really got obliterated in most cases. I mean we have one of your

2:01.5

favorite stocks that many of you I'm sure owns Netflix that lost over 100 points in one day.

2:11.4

Just one day it went down over 20%. Now that starts to be a big deal because when that happens

2:20.9

everybody gets nervous and everybody starts to sell everything. So as we are doing this podcast

2:28.8

this morning, the Nasdaq, which is where most technology stocks trade is officially in a correction

2:39.4

which means it has gone down more than 10%. Now I'm sure many of you are wondering Suzy,

2:46.8

what should I do? Oh my god, I don't know what to do. Can we just take a breath here and think

2:54.2

logically about this? If you have not sold as of yet, now is not the time to sell. I have to tell

3:04.2

you it actually is too late. Shortly here, not yet, but shortly here, it will also be the time to buy

3:16.3

those stocks and investments that you've wanted to buy, but they were just too overpriced. And now

3:26.0

they're coming back down into line. So I want you to think about this as you go into a store

3:35.6

and you see something that you really want to buy. Whether it's a piece of clothing or jewelry

...

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