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Suze and Keith's Webinar · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

0:08
Suze: June 7th, 2026. Welcome everybody to the Women and Money
0:13
Suze: podcast and everybody smart enough to listen. Today is Suze School,
0:19
Suze: and on Suze School today we're going to be simply
0:22
Suze: replaying the webinar that Fitzy and I did a few
0:26
Suze: days ago on June 4th. Most of you.
0:31
Suze: In fact, I think all of you absolutely loved it.
0:36
Suze: The response we got was tremendous. Do you know that
0:39
Suze: there was approximately 120,000 of you that registered for it?
0:46
Suze: So I hope all of you were pleased. However, I
0:50
Suze: just wanna say a few things before I play it.
0:55
Suze: Listen to me closely now, all right. As you know,
0:59
Suze: there was birthday pricing for the Must-Have Documents as well
1:04
Suze: as the Ultimate Scam Protection.
1:07
Suze: The Must-Have Documents. Once you buy them, you never have
1:11
Suze: to buy them again. If you purchased them years ago
1:15
Suze: in any format, you don't have to buy them ever again.
1:20
Suze: So you don't have to take advantage of the birthday pricing.
1:24
Suze: You would look at your documents where it says help,
1:27
Suze: and they will send you the updates so that you
1:30
Suze: always have the latest and greatest, OK.
1:34
Suze: So remember that because I don't want you to spend
1:37
Suze: money when you don't have to spend money. If, however,
1:40
Suze: you have never purchased the Must-Have Documents, if there was ever
1:44
Suze: a time to do it for $75 now is the time.
1:50
Suze: Most of you know that via musthavedocs.com, your price has
1:56
Suze: been $99 for a long, long time. By the way,
2:00
Suze: if you had gone to SuzeOrman.com
2:02
Suze: and purchased it from there it was gonna be $199.
2:08
Suze: That's how much it was there so I always wanted
2:11
Suze: my podcast listeners to always get it for less sometime
2:18
Suze: at the end of this month.
2:21
Suze: The price is going up for my podcast listeners and
2:26
Suze: everybody really to $153. Now who knows what Hay House
2:33
Suze: is gonna price it? I'm sure it will be for
2:35
Suze: probably $253 but still for you it will
2:39
Suze: be $153 probably two weeks from now or so. So
2:45
Suze: if you were ever going to buy the Must-Have Documents, you
2:49
Suze: need to do it now $75. Now, that expires, everybody...
2:58
Suze: Monday, June 8th, 11:59 Pacific time. Who knows, maybe Hay
3:04
Suze: House will decide to extend it. You never know, but
3:08
Suze: that right now is the deadline. But keep checking if
3:11
Suze: you listen to this podcast after that date. You never
3:16
Suze: know what they will do, but now is the time
3:19
Suze: to do it. Just that simple. Wanna talk about the
3:23
Suze: Ultimate Scam Protection.
3:25
Suze: And it is this normally the Ultimate Scam Protection is priced at
3:30
Suze: $95.88 but until June 8th, 11:59 Pacific time, it is $75.
3:43
Suze: Many of you are confused, wondering, is that $75 a
3:46
Suze: year from now on? And the answer to that is no,
3:50
Suze: it is not.
3:51
Suze: It is just $75 for one year after you have
3:55
Suze: purchased it and then it will go for the next
3:59
Suze: year to $95.88 just that simple, so do not be confused. However,
4:07
Suze: please know it is not available in New York.
4:13
Suze: So that's important for you to know if you happen
4:16
Suze: to be in those two states and you did purchase it,
4:19
Suze: please cancel it and you will get a refund. All right,
4:23
Suze: I think that's everything I want you to know about that. So,
4:28
Suze: are you ready, everybody?
4:31
Suze: Now, it's time to start the webinar from June 4th.
4:37
Suze: Let's go.
4:45
Suze: Welcome everybody to what I think is one of the
4:47
Suze: most important webinars you will have ever seen in your
4:51
Suze: entire life, but I'm just gonna tell you what you
4:54
Suze: should expect to see. Number one, we're going to be
4:57
Suze: naming individual stocks that you might be interested in.
5:01
Suze: ETFs, we're gonna talk about bonds, gold, Bitcoin, REITs, real estate.
5:07
Suze: We're gonna talk about all of it, and you will
5:10
Suze: be walking away with things that you can take action
5:13
Suze: on if they're appropriate for you. Now, listen to me.
5:18
Suze: I'm personally calling this the Dynamic Duo Webinar, and the
5:22
Suze: reason is this.
5:24
Suze: Keith Fitz-Gerald will be joining us in one second, but
5:28
Suze: it takes two, in my opinion, two parts of your
5:31
Suze: finances for you to be secure. It takes personal finance.
5:36
Suze: Should you have a will? Should you have a Roth IRA,
5:39
Suze: what should you do? And that is my specialty. However,
5:44
Suze: it takes a true expert to be able to tell
5:48
Suze: you what stocks you should be buying, what ETFs you
5:53
Suze: should be in, everything, and that is somebody who spends 100%
5:58
Suze: of their time stunning the markets, having been in this
6:02
Suze: game for a long time.
6:04
Suze: And that is Keith Fitz-Gerald. Just little about him. He's
6:09
Suze: been doing this for 40 years. He has managed over
6:12
Suze: billions of dollars and advised on tens of billions of
6:16
Suze: dollars for certain corporations, certain institutions, as to what they
6:20
Suze: should do with their money. But here's the most important
6:23
Suze: thing I trust him. I work closely with him, and
6:28
Suze: in the same way, I hope that you trust me.
6:32
Suze: I am telling you, you should trust him as well.
6:35
Suze: So therefore, Keith boyfriend, just so you know, I call
6:39
Suze: him Fitzy. How do you feel about me calling you Fitzy?
6:43
Keith: I love it. Thank you so much for that most
6:45
Keith: gracious introduction and to your point today, we live at
6:49
Keith: one of the most exciting, dynamic times I can recall
6:52
Keith: in human history when it comes to investing in your money.
6:56
Suze: All right, so let's start right there, Keith, which is,
7:00
Suze: why are these times, number one, you say exciting, but
7:03
Suze: why are they different than they were two years ago,
7:07
Suze: five years ago, 10 years ago, where everybody thought they
7:10
Suze: knew how to invest? How has it changed?
7:14
Keith: The biggest single change, Suze, is a market concentration of
7:19
Keith: not only wealth but earnings potential. Now, in the old days,
7:24
Keith: you could spread your money around and you'd do just fine,
7:27
Keith: but these days we have the world's best companies making
7:31
Keith: must-have products and services dominating
7:33
Keith: the earnings landscape and earnings propel stock prices over time,
7:38
Keith: so you want to focus on them.
7:40
Suze: But how does that differ? That's been true forever that
7:42
Suze: earnings have propelled stock prices. What really makes a difference?
7:47
Suze: Does AI make a difference? Do the computers make a difference?
7:50
Suze: What makes it different, really, Keith?
7:53
Keith: There are two layers that the average investor doesn't think about.
7:57
Keith: Number one is all of the computerization.
8:00
Keith: The options, the futures, the news, the dynamicism that we
8:04
Keith: see in the headlines played out every single day that
8:06
Keith: forces a concentration in the very best, most liquid, solid companies.
8:11
Keith: The second thing is that an increasing number of companies
8:14
Keith: themselves are
8:15
Keith: dominated by visionary leaders, they're attracting huge amounts of capital,
8:20
Keith: but they're attracting it not for the wrong reasons. They're
8:22
Keith: attracting it for the right reasons because they're making products
8:24
Keith: and services that we literally can't live without. We've never
8:28
Keith: seen this in recorded human history before.
8:31
Suze: So you know, over the past we've talked about the
8:34
Suze: Magnificent Seven. We talk about these stocks, AI. Everybody says
8:38
Suze: they are in a bubble. Get out of them. Don't
8:41
Suze: invest in them anymore. Headlines have been, and yet they
8:45
Suze: have been taking off over the past month or so.
8:48
Suze: Everything has skyrocketed. Why?
8:52
Keith: Well, it's a very common misconception, right? People are still
8:55
Keith: thinking using a roadmap that was built 30, 40, 50
8:59
Keith: years ago to navigate a market that looks nothing like
9:01
Keith: it used to.
9:02
Keith: So this idea that we're in a bubble is really
9:06
Keith: sort of a recent memory. It's not accurate. The facts
9:09
Keith: contradict that. If you look at the bubble of 1999,
9:13
Keith: for example, that was talking socks and something that might
9:16
Keith: be called the internet. Today's companies are backed by huge, huge,
9:21
Keith: trillions of dollars of real revenue, real earnings, real products
9:25
Keith: that are already working their way through the system. So
9:27
Keith: it's a very, very different environment, and a bubble is
9:30
Keith: the wrong term.
9:32
Suze: All right, so you would still be investing at this
9:34
Suze: point in time, correct?
9:36
Keith: No question about it.
9:38
Suze: All right, so let's talk about individual stocks. If you
9:42
Suze: had to talk about 3 or 4 individual stocks that
9:46
Suze: you would like everybody to at least look into and
9:49
Suze: if appropriate, buy for themselves, what would they be and why?
9:53
Keith: Sure, that's a great question because, you know, this is
9:56
Keith: about charting a course to the future, right? At the
9:59
Keith: very top of the list right now, at this moment
10:01
Keith: in time would be Apple. And Apple is just got,
10:05
Keith: everybody says it's done, it's not innovating, it's written off, blah,
10:08
Keith: blah blah. I've learned to watch Apple over the years
10:11
Keith: and one of the things that Apple does very deliberately
10:14
Keith: before it changes the universe and the world we know
10:17
Keith: is it goes quiet.
10:18
Keith: And that was before the iPhone, before services, etc. I
10:21
Keith: think they're going to make a huge move here this
10:24
Keith: year or next when they bring AI down to the device.
10:29
Keith: And what makes Apple so special, Suze, is they are
10:32
Keith: the only company in history with 2.5 billion installed devices
10:37
Keith: around the world, meaning nearly everybody has one, owns one,
10:40
Keith: or has access to it. Nobody else has that advantage.
10:44
Suze: All right, so then I just have to ask you
10:46
Suze: this and bring this up. Do you remember a little
10:49
Suze: while ago we did something together and I asked you
10:53
Suze: what was your number one pick, and I said at
10:56
Suze: the time mine was Apple, but you said at the
11:00
Suze: time Microsoft. What has made you change from Microsoft to Apple?
11:07
Keith: Well, yes, you did. My hat's off to you. That
11:09
Keith: was awesome. But if you also recall at the time
11:12
Keith: when I said Microsoft, Microsoft has now had a great
11:15
Keith: run since then. So investing changes, and that's one of
11:18
Keith: the other things about the current environment that is unique
11:22
Keith: is you can't just be one and done, you know,
11:24
Keith: the fact that I liked Microsoft six months ago, nine
11:27
Keith: months ago, 12 months ago really,
11:28
Keith: is moot today. The question is what would I buy today? Well,
11:32
Keith: it's Apple. Microsoft is going to do great, and I
11:34
Keith: hope I'm smart enough to hold it for a long
11:35
Keith: time to come.
11:37
Suze: Great. And so what would be another pick of yours?
11:40
Keith: Another company is very controversial choice, and you're either going
11:43
Keith: to love it or you're going to hate it, but
11:45
Keith: there's no question in my mind that Tesla is the one...
11:47
Suze: Want me to guess what you're going to say?
11:50
Suze: He's gonna say Palantir, right?
11:53
Keith: Well, it could be either Palantir or Tesla. Both of
11:56
Keith: these companies are incredibly controversial, but they also are incredibly unique.
12:01
Keith: And again, if we look at where we are in history,
12:04
Keith: for the first time, we're not talking plow blades, we're
12:07
Keith: not talking cars, we're not talking physical
12:10
Keith: goods that you can kick, smell, touch, taste, eat. What
12:14
Keith: we're talking about is data. And again, we've never seen
12:18
Keith: this in recorded human history. The average person today, Suze,
12:21
Keith: encounters more information in a single issue of The New
12:25
Keith: York Times than a person living in the 1700s or
12:27
Keith: 1800s would have seen in their lifetime.
12:30
Keith: And the data is beginning to create data and we're
12:33
Keith: drawing conclusions and decisions about medicine, about money, about health,
12:38
Keith: about famine. We live in an age of abundance, not scarcity,
12:41
Keith: and that's why the investment environment is so compelling right now.
12:44
Suze: Let's just be clear with everybody because I told them
12:47
Suze: they're going to walk away with actionable ideas if it
12:51
Suze: fits their investment profile. So, so far we have Apple,
12:55
Suze: and Tesla
12:56
Suze: is what you were just talking about...
12:58
Keith: And Palantir.
12:58
Suze: And Palantir. Do you want to give them one more
13:01
Suze: like outside of that realm?
13:04
Keith: Absolutely, because it's not just about the data. One of
13:08
Keith: the other great misconceptions about today's environment is people are
13:12
Keith: thinking about nice to haves, for example, they're looking at
13:15
Keith: all this stuff. I could get a new pair of shoes, Nike.
13:17
Keith: I could get a Peloton. Fine. So you get a commodity.
13:20
Keith: So what?
13:21
Keith: What I think people ought to be thinking about is
13:24
Keith: dividends and income and growth and sustainability. Chevron is at
13:28
Keith: the very top of the list. Now, again, it's controversial
13:32
Keith: but very deliberate on my part because oil is not
13:35
Keith: an on-off switch.
13:37
Keith: We have to have oil for many, many years to come.
13:41
Keith: It's in hundreds of thousands of industrial processes. You don't
13:45
Keith: just suddenly "on" oil one day, "off" the next. It
13:48
Keith: pays a great dividend, has a global footprint. It is
13:51
Keith: capable of surmounting and succeeding despite all of the global chaos,
13:55
Keith: which I suspect is going to get rewired here within
13:58
Keith: the next six to nine months.
13:59
Suze: So you know what's interesting, I've always said that if
14:03
Suze: you're going to
14:04
Suze: own individual stocks. You should own at least 25 stocks,
14:08
Suze: no more than 4% in each one, or 30 stocks,
14:12
Suze: and you need to own a lot of stocks. But
14:15
Suze: the truth is today, Keith, not many people have that
14:19
Suze: much money that they can own that many stocks and
14:22
Suze: know which ones to do. And so therefore exchange traded
14:26
Suze: funds really, in my opinion, come to play.
14:30
Suze: So for years now I've been telling people, listen, just
14:34
Suze: dollar cost average every month into VOO, the Standard and
14:37
Suze: Poor's 500 index, or VTI, the Vanguard Total Stock Market Index,
14:42
Suze: the ETF, and things like that. But I've noticed over
14:46
Suze: the years that there's only a few of the stocks
14:50
Suze: within the entire index that are moving the entire index.
14:55
Suze: Is that true?
14:57
Keith: Yes, it's true, and it's actually becoming more and more pronounced.
15:01
Keith: Our research shows, for example, over the last, I mean
15:04
Keith: this is this is a mind blower. Our research shows
15:07
Keith: that over the last 100 years, there are approximately 29-30,000 stocks,
15:12
Keith: less than 1,000 of those stocks have contributed effectively 100%
15:18
Keith: of the total wealth created in the stock market in
15:20
Keith: the US.
15:21
Keith: So what that means is the concentration because what you've
15:25
Keith: proposed for years has worked, it's worked beautifully. I'm super
15:27
Keith: proud of anybody that's done that because chances are they've
15:30
Keith: done very, very well. What they need to do now
15:32
Keith: is focus on where the world is going, not where
15:35
Keith: it's been, and that's why this concentration is so important
15:38
Keith: because the number of companies.
15:41
Keith: That is creating that wealth is continuing to shrink. The
15:44
Keith: number of public listings over, I think it's since the
15:47
Keith: 1990s has dropped by roughly 50%. So the number of
15:52
Keith: public companies has dropped. The rise of ETFs has focused,
15:55
Keith: and on top of that, the earnings are concentrating, so
15:58
Keith: you're getting this bull's eye effect that is really pronounced
16:01
Keith: for investors who want to move the needle. You can't
16:04
Keith: buy 29,000 stocks and hope you're going to stumble into
16:08
Keith: the winners. My supposition is you need to focus on
16:10
Keith: the winners to begin with now.
16:12
Suze: But would you say, because I don't want to be
16:15
Suze: wrong for all these years, but...
16:16
Keith: You're not wrong. You're not. No.
16:18
Suze: But would you say for the people that currently own VTI, VOO,
16:23
Suze: whatever it may be, that they should probably stick in it,
16:27
Suze: but also
16:30
Suze: diversify among other exchange traded funds or individual stocks?
16:34
Keith: Yes, I would. And here's why. Number one, if you're
16:37
Keith: investing in things like VTI and VOO, number one, definite
16:40
Keith: hat tip to you. Well done. Keep doing that if
16:43
Keith: it works for you because those are great funds that
16:45
Keith: get you where you want to go. You're using discipline.
16:47
Keith: You're earning dividends. I mean all the great stuff that
16:50
Keith: you want to be doing as an investor.
16:52
Keith: The problem with diversification and concentration that we're talking about
16:55
Keith: isn't diversification itself. It's not even concentration. It's that most
16:59
Keith: investors in today's environment, Suze, don't own enough of the
17:03
Keith: right stocks. So if you begin to branch out into
17:06
Keith: ETFs that offer you a very select focus, then I
17:11
Keith: submit that is a super smart, super appropriate move where
17:14
Keith: we are in history.
17:15
Suze: And I have to say to everybody, of course you
17:18
Suze: would think that. And the reason that I say that
17:21
Suze: is that you recently debuted an ETF under the symbol FITZ,
17:28
Suze: and I just wanna say congratulations to you because the
17:32
Suze: day that it debuted over 1 million shares,
17:37
Suze: actually, were bought. Tell everybody about FITZ because I tell
17:42
Suze: people about it. I've told people about it on the
17:45
Suze: Women and Money podcast and everything, but people are like,
17:49
Suze: what is a theme? What is he doing exactly? What's
17:52
Suze: in it? Why did you do it? And why and
17:56
Suze: who should be looking into purchasing it?
17:59
Keith: Well, I will do my best. Those are some big questions, right?
18:01
Keith: So the premise behind FITZ really drives to the heart
18:05
Keith: of what we've just been talking about. You know, I
18:07
Keith: think that the way to win is to flip everything around.
18:10
Keith: Don't spread your money around willy-nilly. This is all stuff,
18:14
Keith: no fluff, and we started with the premise of this.
18:16
Keith: Would you, if you got the opportunity to buy 20
18:19
Keith: to 30 of the world's best, most successful companies making
18:24
Keith: must-have products and services and align your money in doing
18:28
Keith: so with where the world is going versus where it's
18:30
Keith: been in a single easy to buy ticker, would you
18:33
Keith: do it?
18:34
Keith: And a lot of people said yes.
18:36
Suze: And is it your hope that over a long period
18:39
Suze: of time that FITZ literally outperforms VOO or VTI or
18:46
Suze: any of those, no promises here, but is that your goal?
18:50
Keith: Absolutely, it's the intention because this is the living embodiment
18:54
Keith: of 45 years of my research. You buy the best,
18:56
Keith: you ignore the rest. All the data supports what we're doing.
19:00
Keith: History supports what we're doing. If we're doing our jobs properly,
19:03
Keith: my hope is that we perform very, very well and
19:07
Keith: that everybody enjoys their trip at the table.
19:10
Suze: Yeah, you know what's interesting, Keith, is that a lot
19:13
Suze: of times people hear, Oh, FITZ just came out. I
19:16
Suze: got to buy it. It's going to go straight up. Everybody,
19:18
Suze: I personally want you to understand an ETF is not
19:22
Suze: like an IPO where all of a sudden the
19:24
Suze: stock comes out and everything. It is a process, and
19:28
Suze: I think Keith, it took you two or three years
19:31
Suze: to actually get it all together, everything that's behind it
19:35
Suze: to make it be what you want it to be.
19:37
Suze: But the point I want to make here is that
19:40
Suze: would you agree with me that the way that you
19:43
Suze: would want people to invest in FITZ is through a
19:47
Suze: dollar cost averaging approach, number one.
19:50
Suze: And number two, with the intention of holding it for
19:54
Suze: five years, 10 years or longer, because you, I think,
19:58
Suze: told me that you wanted to create an ETF with
20:02
Suze: the stocks that are going to be there and that
20:05
Suze: you must have, which is why you're calling it the
20:07
Suze: must-have portfolio for a long, long time. Is that correct
20:11
Suze: as well?
20:12
Keith: Yes, it is. And you know, this is just as
20:15
Keith: true for FITZ as it is for any other disciplined
20:18
Keith: investment product. I'd love to be able to tell you, hey,
20:20
Keith: take everything you got and put it in. But number one,
20:23
Keith: that would be inappropriate. Number two, that would be a
20:25
Keith: disservice to you as an investor because we live in
20:28
Keith: an age where Wall Street's computers have run amok, where
20:31
Keith: the go fast traders regularly exploit individual investors. Having a
20:36
Keith: fund like this and using a tactic
20:38
Keith: like dollar cost averaging or value cost averaging gives you
20:43
Keith: the advantage because it removes the emotional uncertainty. It means
20:47
Keith: you don't have to pay attention to the daily headlines
20:50
Keith: if you have a confidence in the companies that are
20:52
Keith: in the portfolio and you can just breathe easy, sleep
20:56
Keith: at night. That's the goal because personally, I like to
20:58
Keith: sleep at night. So a lot of my own desire
21:01
Keith: to see a more stable, compelling story
21:05
Keith: is embodied in that particular ETF and the companies we choose.
21:09
Suze: You know, I want you all to understand that this
21:11
Suze: is a managed ETF obviously managed by Keith.
21:16
Suze: That means there's an expense ratio of 0.75% on it
21:21
Suze: versus your indexed ETFs that have like 0.003 or whatever
21:26
Suze: it may be, and I imagine a lot of you
21:29
Suze: are going to look at that and say, Well, that's
21:31
Suze: really high, Suze. Why should I pay 0.75% when I
21:36
Suze: could pay 0.003 and buy the whole market? Keith, I
21:39
Suze: just need you to address the answer to that question
21:42
Suze: because people have been emailing me that question.
21:45
Keith: Well, it's a very logical question, and my answer is
21:48
Keith: very simple. You get what you pay for. If you
21:50
Keith: want to buy the index, you're in the crew that's
21:52
Keith: 29,000 stocks hoping to stumble into some big winners. This
21:56
Keith: flips this around. What you're really getting is my expertise
22:00
Keith: for better or for worse.
22:02
Suze: Everybody, I'm telling you this is what I would be
22:06
Suze: doing if I were you. If you're in VTI, if
22:08
Suze: you're in VOO, if you even have some individual stocks
22:11
Suze: that may be part of FITZ, that is the symbol
22:15
Suze: FITZ on the New York Stock Exchange, you might want
22:19
Suze: to consider adding FITZ to the mix because you're going
22:24
Suze: to see when you see all the stocks that are
22:26
Suze: in there, and I think
22:27
Suze: there are about 28 stocks, so I'm just telling you
22:30
Suze: I'm not making money off of you. I'm just telling you,
22:33
Suze: and I've always brought to you the ETFs that I
22:36
Suze: have wanted you to buy in the past, and I'm
22:39
Suze: adding this one to the list. Let's move on for
22:42
Suze: a second now. So we have growth. We've just talked
22:46
Suze: about growth and making money in individual stocks and ETFs,
22:50
Suze: but there are a lot of people out there.
22:52
Suze: That need income and I personally believe that the best
22:57
Suze: way to get income today is not through bonds. I
23:00
Suze: personally don't like bonds if you're doing it for income.
23:03
Suze: You want safety and you want a little bit of
23:05
Suze: your money in treasuries right now. Maybe a 30 year
23:09
Suze: treasury might not be a bad thing to do, but
23:12
Suze: really I think inflation is here to stay for a
23:16
Suze: long time.
23:18
Suze: For, I want you to have income plus growth, and
23:22
Suze: when interest rates go down, as maybe they will one day,
23:26
Suze: who knows? Well then you're doing OK with bonds, but
23:31
Suze: if interest rates stay up like they are right now,
23:34
Suze: bonds are not going to help you when it comes
23:36
Suze: to growth. So I like dividend paying stocks or ETFs.
23:41
Suze: Talk to me, boyfriend.
23:43
Keith: I'd be happy to. So I just happen to have
23:46
Keith: a handy dandy cheat sheet here of some names that
23:48
Keith: I really do like because you want two things. You
23:51
Keith: want quality and stability when it comes to growth and income, right?
23:54
Suze: Is that because you knew I was going to ask
23:56
Suze: you for individual names?
23:57
Keith: No, I'm good that way.
23:59
Suze: All right.
24:00
Suze: Good. There we go. Tell everybody what you think. Let's
24:02
Suze: see if I agree with you this time. All right.
24:05
Keith: Exactly. So I think you want a combination of the two.
24:07
Keith: Now one of my favorite funds because it plays to
24:10
Keith: many of the themes we're talking about, but you get
24:12
Keith: growth and you get income, is you got the Fidelity
24:15
Keith: Contra Fund, right?
24:17
Keith: It's a good old fashioned plainly run, very experienced senior
24:20
Keith: level fund. The ticker is FCNTX. You've got active US
24:25
Keith: large cap growth. You've got top holdings of Meta, Nvidia, Amazon,
24:29
Keith: you know, names we talk about regularly, and a low expense. Well,
24:32
Keith: the expense ratio is 0.74%, but you get what you
24:34
Keith: pay for.
24:36
Keith: The other thing that gives great stability is the granddaddy
24:38
Keith: fund of them all, Vanguard Wellington, 60/40 bonds, roughly, it
24:44
Keith: varies from time to time, but it's been around since
24:45
Keith: 1929 and you're talking fabulous stocks, quality picks, good appropriate
24:51
Keith: balance between growth, income, and stability.
24:54
Keith: So, you know, just the kind of fun, if I
24:56
Keith: were sitting around and I had the option to do
24:58
Keith: stocks and bonds that I would personally try to create,
25:01
Keith: but you don't have to do that anymore. Vanguard did
25:04
Keith: it and they did it a long time ago. It's very,
25:05
Keith: very well run.
25:07
Keith: And then finally, if we look internationally, right, the iShares
25:11
Keith: International dividend Growth ETF IGRO, which tracks the XS dividend
25:19
Keith: growth index. I have to read this because it's very,
25:21
Keith: very particular language of its own, but what that means
25:24
Keith: in plain English is it's looking at the rest of
25:26
Keith: the world looking for great dividend producing companies that are
25:29
Keith: outside the United States, and that should be some wonderful
25:32
Keith: names to think about to potentially get started with. They
25:35
Keith: will offer you a great combination.
25:37
Suze: So a lot of you will have Schwab dividend, Noble,
25:40
Suze: all of those.
25:41
Keith: I forgot to mention that one, the Schwab dividend Fund. Yes,
25:45
Keith: great one, great choice.
25:46
Suze: All right, so, and that those are just some dividend
25:49
Suze: ETFs that also offer you growth.
25:52
Suze: That you might consider now I'm just gonna put a
25:55
Suze: pin in all of this for a second and you know, Keith,
25:58
Suze: things change and you know they change. So here we
26:02
Suze: are giving this webinar June 4th, 2026. Would you be
26:08
Suze: willing to join forces with me to make sure that
26:13
Suze: everybody who's registered for this webinar and the last one.
26:17
Suze: That we do a quarterly update for them about everything
26:21
Suze: that we've recommended, how things are doing, and if anything
26:25
Suze: is changing. You up for that, doing that with me.
26:29
Keith: What an honor. I would love to. That's a great idea.
26:31
Suze: Yeah. All right, so everybody just know, given that you're
26:35
Suze: watching this, in three months, if we have your legit
26:40
Suze: email and everything, we will
26:42
Suze: send you a quarterly update in terms of how did
26:45
Suze: we do with recommendations. Actually, how did Keith do, but
26:48
Suze: that's besides the point. Maybe I will add some of
26:51
Suze: my own recommendations to it and just to keep you
26:54
Suze: abreast as to what's happening in the economy, interest rates,
26:58
Suze: and things you need to know. Let's jump for a
27:02
Suze: second here to real estate, OK.
27:07
Suze: Real estate. I personally am not a fan right now
27:13
Suze: of real estate, and the reasons are plentiful out there,
27:18
Suze: but mainly it's not because of what mortgage rates are at.
27:22
Suze: Oh no, no, it's because what's happening in the climate.
27:28
Suze: You cannot watch television today, in my opinion.
27:31
Suze: And see anything other than destruction, floods, hurricanes, tornadoes, all
27:38
Suze: these things that are happening that are actually affecting the
27:43
Suze: possibility of you maybe losing your home, that's number one.
27:49
Suze: But number two, because of all that destruction that's happening.
27:52
Suze: Insurance is over the top. It just is. So you
27:59
Suze: have to know that unless you own your house outright,
28:03
Suze: that you can afford the insurance premiums, the property taxes,
28:08
Suze: the maintenance, and the climate risk.
28:12
Suze: When you own a piece of real estate, especially your home,
28:16
Suze: so I don't know. I don't think that the American
28:20
Suze: dream has to be more where you own a home.
28:23
Suze: I want you to have money. I want you to
28:26
Suze: have security. I want you to know that no matter
28:29
Suze: what happens in the climate or whatever in your life,
28:33
Suze: that you're OK. However, there is a way to own
28:38
Suze: real estate
28:39
Suze: without owning a piece of property or a rental property itself.
28:44
Suze: Tell everybody, Keith, see if you know what I'm thinking about.
28:48
Keith: I do. I do, and you're gonna get into something
28:50
Keith: called a real estate investment trust, yes.
28:54
Keith: Yeah, yeah, and real estate investment trusts are a great
28:57
Keith: potential investment because if you get the right one, you
29:01
Keith: can get people who spend all of their time on
29:03
Keith: real estate who have appropriate income coming in. You can
29:07
Keith: get growth in professional management for not a lot of
29:10
Keith: money without all the hassle or the risk that Suze
29:12
Keith: just spoke about.
29:14
Suze: So if they were to buy some REITs, and listen everybody,
29:18
Suze: I'm not here saying you shouldn't buy a primary residency,
29:21
Suze: you shouldn't own a home, you shouldn't do whatever, but
29:24
Suze: those of you especially,
29:27
Suze: that take real estate as your income, as the way
29:31
Suze: you invest. I know people out there, Keith, that have 100%
29:35
Suze: of their investments in real estate, apartments, this and that,
29:40
Suze: because in the past they went up so much in value.
29:44
Suze: And it was very different in the past and they
29:46
Suze: still own them. So I'm talking about today. There are
29:51
Suze: other ways, everybody, to make money other than buying a home,
29:55
Suze: flipping it, having four rental properties, depending on somebody to
29:59
Suze: be able to pay you rent.
30:01
Suze: There are, and I personally think more wealth will be
30:05
Suze: built in the stock market and owning the right ETFs,
30:08
Suze: the right individual stocks, the right REITs, and so forth
30:12
Suze: than real estate. Before I go on, do you agree
30:14
Suze: with that or not, Keith?
30:16
Keith: I do, and I'll tell you why, because I've lived through,
30:19
Keith: you know, I remember if you remember the S&L crisis,
30:21
Keith: if you remember Japan in the 90s, you know, I've
30:24
Keith: personally witnessed several major real estate crashes during the course
30:28
Keith: of my career. So I'm a huge fan of REITs,
30:31
Keith: particularly if they're properly constructed in the right types of property.
30:36
Suze: What are they, Keith? Do you have any on hand
30:38
Suze: that you might want to suggest?
30:40
Keith: Well, I tell you what, there's a couple, and this,
30:42
Keith: this is an environment that is changing very rapidly. And
30:44
Keith: so let me just give a couple of caveats. I
30:47
Keith: would stay away from anything that is Class A office space,
30:51
Keith: meaning big towers, all the kind of stuff you see
30:54
Keith: in television that's vacant where the urban areas are struggling.
30:58
Keith: I would stay away from shopping malls and strip malls
31:01
Keith: and any of those things that, that again, you know,
31:04
Keith: used to be great sort of backbones for REITs
31:07
Keith: and I would instead flip that around to the things
31:10
Keith: you and I've been talking about, the big themes of
31:12
Keith: our time, one of which is we're all getting older
31:15
Keith: and so if you look for REITs that focus on
31:18
Keith: medical care, post-surgical, geriatrics, longevity, you know, my favorite is
31:22
Keith: Care Trust CTRE because of all of those things. That's
31:26
Keith: a growth trend in an industry that is otherwise unstable.
31:30
Suze: And what's the dividend that that thing's paying right now?
31:34
Keith: I knew you were going to ask me that, and
31:35
Keith: I am having a brain cramp, and I don't have
31:37
Keith: that off the top of...
31:38
Suze: I think it's like 3 or 4% right now, but
31:40
Suze: it's not bad for Care Trust or other REITs. Should
31:46
Suze: they be owned inside of a retirement account or outside?
31:51
Keith: I'm gonna defer to you on that one because you've
31:53
Keith: really got more expertise in that area than I do.
31:56
Keith: I'm of course going to say, you know what, you
31:58
Keith: got to talk to your advisor on that, but you
32:00
Keith: have been talking about this for years, Suze, so I'm
32:02
Keith: gonna flip that one back...
32:02
Suze: A lot of them because of how the income is taxed.
32:06
Suze: Everybody, you would be far better off in my opinion,
32:09
Suze: and the majority of REITs that you own should be
32:12
Suze: owned within a retirement account, not outside. That's why it's important, seriously,
32:19
Suze: that you did you see what Keith just did?
32:22
Suze: There's a part that I know. Maybe Keith doesn't know
32:25
Suze: when you should have a Roth IRA or an IRA
32:28
Suze: or should you convert or should you not or whatever
32:31
Suze: it may be. That's why really, Keith, we need to
32:34
Suze: do a podcast together.
32:36
Keith: We should, shouldn't we? That'd be fun.
32:38
Suze: I don't know if I could take you every week.
32:42
Keith: That's another story.
32:43
Suze: That's a whole another story. But anyway, you need both
32:48
Suze: of these things just so you know, to make your
32:51
Suze: entire financial home really in perfect order. Do you have
32:56
Suze: any others besides Care Trust?
32:59
Keith: Well, there's a class that I want people to look
33:01
Keith: at very seriously, and the two names that are in
33:04
Keith: there are neck and neck. You know, I want people
33:06
Keith: to think seriously about some of the public storage type
33:10
Keith: ETFs or excuse me, REITs. And the reason is that
33:15
Keith: as people begin to move around, as the housing market changes,
33:19
Keith: as we've seen the migrations from to and from various
33:22
Keith: states in this country.
33:23
Keith: There's a lot of people who have to put stuff
33:26
Keith: in storage. Now that can be a very significant source
33:30
Keith: of income. And because I haven't vetted the two choices
33:33
Keith: I'm thinking about, I'm just going to say, you know what,
33:36
Keith: look at the public storage, type REITs, they see what
33:41
Keith: you think. I'm very convinced that they are the real thing.
33:45
Suze: Right, so that's one of the reasons, Keith, we need
33:47
Suze: to do a quarterly update, because hopefully in three months
33:51
Suze: you will have done your research and you can tell
33:53
Suze: them what the public storage REITs happen to be.
33:57
Keith: I will be able to do that, but one of
33:59
Keith: the challenges in this business, right, in the world that
34:01
Keith: I live in.
34:02
Keith: I can't make recommendations flippantly. I've got to have the
34:06
Keith: data to support it because, you know, if people are
34:09
Keith: going to place their trust in me, that's something I
34:11
Keith: take very, very seriously. I want to make sure I
34:14
Keith: have my ducks in a row. So that's why respectfully,
34:17
Keith: I don't have names on those two that I'm talking
34:20
Keith: about just now.
34:21
Suze: But you will in 3 months from now. All right, so...
34:26
Suze: We've covered that. Let's briefly touch on bonds and just
34:30
Suze: your opinion on bonds. I gave everybody my opinion. If
34:33
Suze: you agree with me on it, then we can go on.
34:35
Suze: What do you think?
34:37
Keith: Well, bonds are far more dangerous than people realize right now.
34:41
Keith: The global bond market, I think, is something like 160
34:45
Keith: some odd trillion dollars. It's bigger than the stock market,
34:47
Keith: which is $140 trillion or something.
34:50
Keith: But the problem with the bond markets is structural, Suze,
34:53
Keith: and let me explain what that means. Everybody talks about
34:56
Keith: just like rates and here's the bond and here's this.
34:58
Keith: What they don't understand is that institutions like pension funds
35:01
Keith: and endowments and family offices, they have to go to
35:05
Keith: market to buy these bonds. So they're effectively captive.
35:08
Keith: This is why the Fed is struggling. So bonds to
35:11
Keith: me are far more dangerous than people realize because of
35:15
Keith: the institutional involvement. It's not just about the rates anymore.
35:18
Keith: I would rather see quality stocks with quality management than
35:22
Keith: a passive index that could go up or down based
35:24
Keith: on a whim.
35:25
Suze: All right, next.
35:28
Suze: Gold.
35:29
Keith: Oh, here we go.
35:30
Suze: Yeah, I know. And gold has been very controversial because
35:34
Suze: so many people, I think I told all of you
35:36
Suze: this before, I would meet people and they'd go, Suze,
35:38
Suze: you'd be so proud of me. I sold all of
35:41
Suze: my stock and put 100% into it, physical gold, and
35:46
Suze: I'm like, You idiot, are you kidding me? My goodness,
35:49
Suze: would you be a buyer of gold hair or would
35:52
Suze: you not, or would you be a seller of gold hair?
35:55
Keith: Gold is a walkaway trade to me because of the institutions.
36:00
Keith: People think they're buying gold and it's about the metal,
36:03
Keith: it's about the currencies, it's about the dollar, it's about
36:06
Keith: all these macro factors. It is not anymore. The linkage
36:10
Keith: between gold and rates that had existed for 100 years
36:13
Keith: broke in '21, '22, '23. And what you've got now, Suze,
36:19
Keith: is a big institutional mosh pit.
36:23
Keith: And there's options and futures and contracts as much as
36:26
Keith: $50 in paper gold for every $1 in real gold.
36:31
Keith: And what that means is that history shows we potentially
36:35
Keith: are looking at a 20, 40%, even a 50% decline
36:39
Keith: from the peak that was hit earlier this year.
36:42
Suze: So obviously I've told many of you if you want
36:45
Suze: to invest in gold, I don't have a problem with
36:48
Suze: you putting a small amount, 1%, 2%, 3% - small into
36:52
Suze: the ETF gold. You can disagree with me, Keith. Do
36:55
Suze: you disagree with that?
36:56
Keith: No, I don't. I think that, you know, again from
36:58
Keith: a broader perspective, if you've got a little bit and
37:01
Keith: the objective is to help stabilize everything else you own,
37:05
Keith: that's a great idea.
37:06
Suze: All right, one last topic then I will let you go. Bitcoin, crypto,
37:12
Suze: your opinion.
37:14
Keith: Well, it's one of those things that is sort of
37:16
Keith: a mix between reality, fantasy, and delusion. I think probably
37:21
Keith: owning a little bit of Bitcoin is great. I don't
37:24
Keith: personally own any right now. I own the institutions that
37:26
Keith: are moving it and trading it and developing all of
37:30
Keith: the institutional vehicles that trade around it, but I don't
37:33
Keith: like it itself. So if you're going to own it,
37:35
Keith: you want to go into the ETF that you have recommended.
37:40
Suze: All right, and the ETF that I've recommended is IBIT, IBIT. So,
37:45
Suze: if you wanna do Bitcoin, that's how I would do it.
37:48
Suze: I know a lot of you like to do it,
37:50
Suze: just buying the Bitcoin, like buying the gold, but that
37:54
Suze: is up to you.
37:57
Suze: Now, don't go anywhere, anybody, because what we're gonna talk
38:01
Suze: about actually what I'm gonna talk about after we say
38:04
Suze: goodbye to Fitzy here, is my birthday and you know Fitzy.
38:11
Suze: I'm so much older than you. Could I be your mother?
38:14
Suze: Is that possible?
38:15
Keith: No, it's not possible, but we're kindred spirits.
38:18
Suze: I could be your older sister, right?
38:20
Keith: Bingo.
38:21
Suze: All right, so I want to talk to you about
38:24
Suze: other things now, just briefly about things that you may
38:28
Suze: not want, but I am telling you you need, you need,
38:32
Suze: and we have a special birthday pricing on it, but,
38:35
Suze: I just want to wish you the best of luck
38:37
Suze: with your ETF. Again, the symbol, everybody is FITZ. Your
38:43
Suze: dollar cost averaging into it. It's about $25.26 dollars a
38:48
Suze: share right in there. It's something I really think all
38:51
Suze: of you should do. And again, congratulations, boyfriend.
38:56
Keith: Thank you so very much, Suze. That's, it's a real
38:58
Keith: humbling journey and thank you.
39:00
Suze: Don't you just love him? I have to tell you,
39:03
Suze: I adore that man, not just because of who he is,
39:07
Suze: not just because I trust him, but he is just
39:10
Suze: such a great human being. All right, next, Listen, it
39:15
Suze: takes more than just exchange traded funds, individual stocks, bonds,
39:20
Suze: Bitcoin for your entire financial picture to be 100% secure.
39:27
Suze: And therefore, I wanna talk to you right now briefly
39:32
Suze: about just a few things that every single one of
39:35
Suze: you needs if you already don't have it. Forever I've
39:39
Suze: been talking to you about the Must-Have Documents. What are they?
39:45
Suze: A will, a living revocable trust, an advanced directive, a
39:48
Suze: durable power of attorney, and a durable power of attorney
39:52
Suze: for finances. You need them. You may not want them,
39:56
Suze: but I promise you, you need them.
40:00
Suze: And for years, so many of you said to me, Suze,
40:02
Suze: we don't have the money. It's $2,500 when we go
40:05
Suze: to a lawyer or $5,000. We just can't afford them
40:09
Suze: and we don't even know who to go to get them.
40:12
Suze: So for over 20 years now, these Must-Have Documents have been
40:17
Suze: serving tens of millions of you. Now currently, if you
40:24
Suze: were to buy them on musthavedocs.com.
40:29
Suze: They're $99. However, it is my 75th birthday, and on
40:37
Suze: my birthday I love to give birthday presents. In this case,
40:43
Suze: I'm not the one giving it to you.
40:45
Suze: Hay House is the one giving it to you since
40:48
Suze: they control the Must-Have Documents. It is theirs now. So starting
40:55
Suze: right here all the way through till Monday night at midnight,
41:01
Suze: the price is $75. Now you may think that's a
41:07
Suze: big deal going from $99 to $75. I personally do.
41:12
Suze: However, here's what you all need to know. Sometime at
41:17
Suze: the end of June, maybe around June 22nd, the price
41:21
Suze: is going up to $153. So if there was ever
41:27
Suze: a time
41:29
Suze: that you were going to purchase the Must-Have Documents. Now is
41:34
Suze: the time. That's all I want to say to all
41:37
Suze: of you. So again, good in all 50 states. Updates
41:41
Suze: are free. You can share it with family members. Are
41:44
Suze: you kidding me? Something you should all look into.
41:50
Suze: Next, one thing that is happening throughout the entire United
41:53
Suze: States is all of us are being subjected to scams.
41:58
Suze: You know, it used to be
42:00
Suze: identity theft protection. That's what we cared about. We got
42:04
Suze: this one and that one. We protected our identity. But
42:08
Suze: then the scammers went beyond stealing our identity. Who cares
42:13
Suze: about our identity when they can steal our money? And
42:17
Suze: how do they do that? They come directly into your
42:20
Suze: home via email, however it may be, and they connect
42:25
Suze: with you. And before you know it.
42:27
Suze: You have been subjected to a scam. You're investing in something.
42:31
Suze: They got your money. They pretended that your daughter or
42:34
Suze: somebody was in an accident. Happens every way possible. But
42:40
Suze: here's what's so sad identity theft doesn't solve that problem
42:44
Suze: for you. You need a product. You need protection
42:50
Suze: within that product so that if you are scammed or
42:54
Suze: let's say you suffer a fraud, somebody actually did something
42:58
Suze: to you and it wasn't even real. Sometimes it's known
43:01
Suze: as a scam sometimes people call it frauds, all right,
43:04
Suze: whatever it may be, you need your money back if
43:08
Suze: you lost money. So about a year or two ago
43:12
Suze: I started to work with a very well renowned company
43:16
Suze: called Who Nord. All right.
43:19
Suze: And together we created what's called the Ultimate Scam Protection. Now,
43:25
Suze: let me tell you briefly how it works. If you
43:28
Suze: suffer the loss of money online.
43:33
Suze: Then in the majority of cases they will replace up
43:38
Suze: to $100,000 of any amount of money that you lost
43:43
Suze: with a scam that started online. Of course this product
43:48
Suze: also has identity theft protection because you all want it.
43:52
Suze: It has cyber attack protection. It has so many things
43:55
Suze: in it, it's not even funny.
43:58
Suze: But it's something that I really think every single one
44:02
Suze: of you needs to get. I have it. KT has it,
44:07
Suze: every one of you. So in the same way that
44:10
Suze: all of you need the Must-Have Documents, you all need
44:14
Suze: the Ultimate Scam Protection.
44:16
Suze: Now normally it's $95.88 and that's per person. There isn't
44:24
Suze: family plans or anything. Every individual needs it. So if
44:28
Suze: you're married, you both need it, for instance. However, today
44:34
Suze: all the way through till Monday midnight Pacific time.
44:39
Suze: It's $75 so if I were you, I would so
44:45
Suze: take advantage of those two offerings right now. It's not
44:49
Suze: even funny. And last but not least is the Ultimate
44:53
Suze: Retirement Guide for 50+. Listen, it's still $10.
44:58
Suze: And the reason that it's $10 it's, it's, it's hardback.
45:02
Suze: We pay for shipping. We can't go any lower than
45:05
Suze: that because nobody's making any money on it, but if
45:08
Suze: you are 50 or older, you wanna know a plan
45:12
Suze: how to live an ultimate retirement, that is the guide
45:16
Suze: for you. So those are the three things that I
45:20
Suze: want all of you to consider purchasing before the deadline
45:25
Suze: Monday when?
45:28
Suze: Midnight Pacific time. So that look into FITZ and to
45:33
Suze: all of you, there's only one thing that I want
45:35
Suze: you to remember when it comes to your money, and
45:37
Suze: it is this people first, then money, then things. Now
45:41
Suze: you stay safe.
45:43
Suze: Bye bye.