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Retirement Just Got More Dangerous - Susan Porske #6397 · Financial Survival Network

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  Speaker 1: You're listening to Carrie Let's's Financial Survival Network, where you
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  Speaker 2: Welcome. This is Financial Survival Network. I'm your host, Carrie Let's.
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  Speaker 2: Suzann Porsky's with us today from Phoenix Capital Group and Susann,
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  Speaker 2: it's great to have you on. You know, when I
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  Speaker 2: see numbers like the employment number this morning, a saying
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  Speaker 2: from economics in college comes back to me that economists
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  Speaker 2: have successfully predicted five out of the last two recessions.
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  Speaker 3: Yeah, there you go, Yes, five out of the last two. Well,
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  Speaker 3: you know what, I think there's a surprise today. They
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  Speaker 3: were expecting it to be about one point seventy nine,
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  Speaker 3: and we came in at one point seven eight. Our
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  Speaker 3: previous week was at one point seven seven. So and
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  Speaker 3: initial claims are only at two hundred and nine thousand.
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  Speaker 3: It still sounds like a lot, but it actually fell,
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  Speaker 3: so it's doing good. What this is all telling us
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  Speaker 3: from the economist perspective is that it's people are they're
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  Speaker 3: slow to fire and they're slow to hire right now,
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  Speaker 3: and so people are staying out of the workforce a
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  Speaker 3: little bit longer, and people like myself that are hiring,
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  Speaker 3: we're just getting a little bit more selective, and then
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  Speaker 3: we're not quickly firing. It's not moving like you know
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  Speaker 3: it has in the past.
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  Speaker 2: You know. It's it's funny you mentioned that, like all
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  Speaker 2: the talk of AI everything that's been going on, I
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  Speaker 2: was really thinking that these numbers were really going to
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  Speaker 2: start to explode. I mean, look Facebook getting rid of
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  Speaker 2: ten percent of their employees. Someone near and dear to
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  Speaker 2: me works there. She managed to keep her job, even
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  Speaker 2: though she would have liked to have been shown the door.
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  Speaker 2: But not really. But in any event, well it works
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  Speaker 2: out this arm laying off people.
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  Speaker 3: Yes, it's good if there's golden parachutes or severance packages,
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  Speaker 3: that's for sure.
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  Speaker 2: Yeah, Well, long enough, I guess they feel like they
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  Speaker 2: have to give you a little pat on the behind
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  Speaker 2: before they show you the door. But looking at the
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  Speaker 2: months ahead, because obviously, whatever the market's doing now, it's
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  Speaker 2: already discounted this stuff six months ago, right, what's the
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  Speaker 2: market telling us for going to happen, you know, in
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  Speaker 2: the fourth quarter, in the third quarter, and in twenty
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  Speaker 2: twenty seven, because right the stock market's a big discounting mechanism.
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  Speaker 3: First, well, yes, and things are slowing down. I think
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  Speaker 3: people are us being much more methodical about all their
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  Speaker 3: decisions because we are. With the geopolitical situations that are
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  Speaker 3: going on. Everybody is moving just more cautiously, but it's
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  Speaker 3: still moving. And that's what I want to tell people. No,
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  Speaker 3: we're not in the you know, where things were money
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  Speaker 3: was freely flowing and things where you got you got fired,
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  Speaker 3: you got hired. It's not going that fast. But it's
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  Speaker 3: still moving. And even though they keep talking about all
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  Speaker 3: the signs of a recession, we're not in one, you know,
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  Speaker 3: as far as my perspective and what the economists are saying.
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  Speaker 3: So again, I think everybody is just far more cautious
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  Speaker 3: than they've been maybe a year or two ago. But
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  Speaker 3: it's still moving. And I love to see numbers where
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  Speaker 3: they expect to be worse than it was and it's
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  Speaker 3: looking okay mm hmm.
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  Speaker 2: So uh, you know, it's just so interesting everybody's thinking
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  Speaker 2: that the interest rates are going to head down we're
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  Speaker 2: getting new FED chair, got a new FED chair. The
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  Speaker 2: Powell regime is over, but numbers like this make you
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  Speaker 2: think maybe rates, maybe rates are going to go higher
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  Speaker 2: or at the very least.
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  Speaker 3: Stay the same, right, right, And they did go higher yesterday.
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  Speaker 3: They higher than they've been in two years. So yes, again,
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  Speaker 3: it's causing people to take a pause to go what
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  Speaker 3: is going on? And then I'm in a retirement seat.
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  Speaker 3: That's where a lot of my clients are at, is
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  Speaker 3: in our near retirement. It's putting the brakes on. But
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  Speaker 3: it's also causing other indexes or other opportunities. Your CD
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  Speaker 3: rates are going up, your bonds, there's different things that
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  Speaker 3: are being positively affected by this very slow almost and
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  Speaker 3: with the rates going up, the interest rates, you know,
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  Speaker 3: like I said, yesterday they went up again, first time
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  Speaker 3: they've been up in the two year period. So yes, again,
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  Speaker 3: people are sitting on the sidelines and and getting more conservative.
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  Speaker 3: But other doors are opening that have not really been
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  Speaker 3: enticing over the last couple of years. People have been
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  Speaker 3: throwing money at the stock market and just going on
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  Speaker 3: that ride. And here's a secret. There's about thirty four
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  Speaker 3: trillion that's in the process of getting transferred over to
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  Speaker 3: the female gender. So you have to think about that
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  Speaker 3: that undertone because as we receive these this money because
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  Speaker 3: of the generational wealth transferring over, we are more conservative.
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  Speaker 3: Women are more you know, at home, we're more of
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  Speaker 3: a bear, and we're going to invest, but we're also
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  Speaker 3: going to watch and see. We're going to look at
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  Speaker 3: the numbers. We're going to see where things are going.
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  Speaker 3: We want to see, you know, the stability of where
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  Speaker 3: we're going to put our money.
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  Speaker 2: Gotcha all right? So I guess the question is where
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  Speaker 2: you do put your money? The stock market just going
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  Speaker 2: to keep going on and on and on and on.
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  Speaker 2: Or are we are we looking at.
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  Speaker 3: Well, we're not looking at two thousand and eight. Yes,
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  Speaker 3: I don't think we're looking at two thousand height real plus. Yes,
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  Speaker 3: I mean I feel like that's our benchmark when you
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  Speaker 3: talk to people of that or you know COVID. No,
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  Speaker 3: we're not there, absolutely not. But I do think that
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  Speaker 3: this is a time for people, especially near and in retirement,
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  Speaker 3: to take a deep breath and step back and look
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  Speaker 3: at the sequence of returns because you don't want to
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  Speaker 3: be in this market when it's going down, and then
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  Speaker 3: you have now created a paycheck. So now you're losing
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  Speaker 3: you're losing that the principal balance as well as taking off,
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  Speaker 3: you know, money making that paycheck every month. You don't
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  Speaker 3: want that. You want something that has participates in the market.
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  Speaker 3: So you want some sort of a product that you
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  Speaker 3: know that's where the reflection is that index. So you're
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  Speaker 3: participating in the upside, but you've got a zero floor.
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  Speaker 3: You're not directly in the market. So ETFs or annuity
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  Speaker 3: products or insurance products is the way definitely to go
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  Speaker 3: if you're if you're looking at wanting to stay involved
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  Speaker 3: in the market and getting that of being protected from
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  Speaker 3: that downside term that you know can happen. So I
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  Speaker 3: think I think we're doing okay. We are in a
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  Speaker 3: very conservative time right now as we just watch what's
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  Speaker 3: going on in the geopolitical tension.
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  Speaker 2: So what do you think the top three opportunities out
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  Speaker 2: there are? And assuming that AI isn't on the top
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  Speaker 2: of the list because you know it's a little nerve
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  Speaker 2: wracking there, Uh, what do you think the top three
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  Speaker 2: opportunities for investors are?
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  Speaker 3: STU take the direct AI take your navidia and stuff
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  Speaker 3: like that out where I think people are missing the
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  Speaker 3: boat is they're not looking at what powers that you
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  Speaker 3: have these huge data centers that are needing to be built.
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  Speaker 3: Look at the infrastructure that it's going to take. So
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  Speaker 3: pull look at AI, but then pull back and look
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  Speaker 3: and say, okay, what about gas and electric? What about thosexes?
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  Speaker 3: What is going to power that AI movement? Don't look
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  Speaker 3: at just the AI, then the videos and stuff like that.
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  Speaker 3: That's one of my specialties is when you know, people
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  Speaker 3: come in and talk, I'm like, okay, now let's take
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  Speaker 3: a step back. I'm in Oklahoma. So when years ago,
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  Speaker 3: when marijuana was getting legalized, don't go out and jump
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  Speaker 3: on that. Pull back, John Deere, look at the dirt supplements,
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  Speaker 3: look at all of that. Look at that undertone, because
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  Speaker 3: that's what's going to power all of that movement. And
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  Speaker 3: so that's where I you know, I'll educate my clients
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  Speaker 3: because and I do. I believe that education is empowerment
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  Speaker 3: and say, hey, this is my theory, look to see
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  Speaker 3: what's behind it. So when you ask about those sectors,
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  Speaker 3: I would say that's the first and within that, within
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  Speaker 3: the undertones of that, that's where I'll focus people to
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  Speaker 3: look at those ETFs, you know, and ETFs hover over
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  Speaker 3: the different indexes, so you're participating in what it's doing.
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  Speaker 3: You're just not directly invested in that straight stock.
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  Speaker 2: All right, So we're ignoring the two trillion dollars or
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  Speaker 2: pound gorilla in the uh in the room here? What
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  Speaker 2: about SpaceX?
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  Speaker 3: Oh, it's a tough one because again people are looking
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  Speaker 3: at the end. Let's look at what everything is going
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  Speaker 3: into power that and to get that, you know, get
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  Speaker 3: that project going. And I do. I have people that
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  Speaker 3: walk in the office and say I want to invest
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  Speaker 3: in SpaceX. I'm like, let's talk about all that's behind
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  Speaker 3: SpaceX and what that constitutes instead of just jumping on
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  Speaker 3: the same thing that everybody is talking about. Well, you've
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  Speaker 3: got a woman here, all right. I think you look
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  Speaker 3: at the ingredients to the recipe, Carrie. We want to
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  Speaker 3: know we want the best chocolate chips for those cookies,
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  Speaker 3: and we want the best ingredients instead of just the
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  Speaker 3: who's got the best cookie out there? Does that makes
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  Speaker 3: you know sense?
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  Speaker 2: All right? Well, I want to all right, Well, we're
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  Speaker 2: gonna have you back on in a couple of months
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  Speaker 2: and we'll see what's happened with that stock. Generally, if
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  Speaker 2: you can't get in at the very beginning when these
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  Speaker 2: th go public, then you want to wait for a
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  Speaker 2: pullback perhaps and then go into it, right.
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  Speaker 3: Yes, absolutely, or get an ETF. You know, you're talking
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  Speaker 3: to somebody who was in banking for many, many years
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  Speaker 3: on the way conservative side. Then the pendulum swung and
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  Speaker 3: then we come back in the middle. And I'm definitely
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  Speaker 3: one to look at a broader you know, easy and
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  Speaker 3: easy out. But yes, you are correct kind of what
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  Speaker 3: wait for the hype to settle down and then maybe
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  Speaker 3: get in it and then and then stay, I'm I'm
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  Speaker 3: gonna make your decision in the car, go on the
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  Speaker 3: road trip and stay. Don't get distracted by all the
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  Speaker 3: nonsense that goes on.
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  Speaker 2: All right, So how do we find you? How do
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  Speaker 2: we connect with you on the web? And where's the
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  Speaker 2: best place?
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  Speaker 3: Well, dime to Diamonds Radio dot com is one place
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  Speaker 3: they can go look and then PHX dot financial That
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  Speaker 3: is my website and all kinds of wonderful resources there.
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  Speaker 3: Also they can make an appointment for a zoom call,
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  Speaker 3: a phone call or in person of their locals. So
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  Speaker 3: I want to thank you so much Carrie for having
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  Speaker 3: me on today.
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  Speaker 2: Oh hey, my pleasure. I always love having new guests,
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  Speaker 2: especially people who know what they're talking about. And if
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  Speaker 2: you got any questions for Susanne or myself, shoot me
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  Speaker 2: at email klatcarrieluts dot com. Our contact info is in
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  Speaker 2: the show. That's this interview on Financial Survival Network dot com. Susan,
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  Speaker 2: we'll talk to you again real soon.
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  Speaker 3: All right, thank you, Carrie, have a great day.
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  Speaker 1: Thanks for listening to Carrie Letz's Financial Survival Network. Your
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  Speaker 1: solution to today's trying times. For the latest, go to
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  Speaker 1: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,