Personal finance expert Suze Orman's number one investment right now
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- เผยแพร่เมื่อ 17 ต.ค. 2024
- Personal finance expert Suze Orman joins 'Power Lunch' to discuss what she sees as the number one investment right now: I Bonds, a savings bond that earns interest based on combining a fixed rate and an inflation rate. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Great video!!! Now I have more knowledge about finance. In my opinion, mutual funds has to be one of the most profitable ventures out there but younger people must understand that the keyword in all of this is "diversifications" especially given the times. You shouldn't put all your eggs in one basket. I have doing drop shifting, real estate, ETFs, crypto bonds and stock for a very long time but I made my first million (in profit) early this year from cryptocurrency alone (through the help of an IA). I also experiment with a couple of other things. Imagine what the situations would have been giving in mutual funds if I were solely banking on them. That's alot of profit too.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
@@alyciagordon3447 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
@@davidreus9321 please how do i get in touch with her.
Impressive. Would you mind sharing some more details. I’d like to have a talk with her.
@@alyciagordon3447 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
Tnx for this info, I just looked up your investment professional and found her page. Her experience is pretty impressive. I wrote her and I'm waiting on her reply.
It is always better to set a goal so you know why you are investing your money.
Investing for retirement is a long-term process that calls for particular strategizing.
Investing for a specific goal, such as a car or taking a vacation, requires short-term reasoning.
The older you are when you start, the more risk-averse you will have to be. This means you will likely use guaranteed investments, such as debt securities, which have lower returns. By contrast, start young means you can take larger risks for (hopefully) larger gains.
The earlier you start learning about investing, the easier it will be to pick it up. Financial professionals are difficult to choose and costly to keep, so it is best to manage your own affairs whenever possible.
In other words, if you don’t invest your money in a way that outpaces inflation, it won’t be worth as much in the future. Thank you for this piece. Found her website and dropped a message. Deborah Divito Welch
Investing to achieve financial goals involves a blend of long-term and short-term investments.
The earlier you start learning about investing, the easier it will be to pick it up. Financial professionals are difficult to choose and costly to keep, so it is best to manage your own affairs whenever possible.
Heard you say managing my affair? that's how I lost my money trying to do it myself. I advise who listen to get an adviser.
Deborah Divito Welch rescured me. Look her up on the web.
Please explain steps how to sell or exit from I bonds after 1 year. How to redeem. Is process of redemption after 1 year ONLINE as buying process is.
I bought an Ibond last Feb. Interest was 7+% ....It Is now over 9% and may go higher in Nov. Buying more is an option.....using family members names and I may do exactly that.
How can a business get $30k i bond purchase? Couldn't figure out
CAN U lose par value? or do they go down below par or your cost basis?
I miss this lady very much
Gotta Love Suze❤
Hello dear
As someone who advises HNW individuals I rarely find solid financial advice on TH-cam. This video is one of the few times I have run into pretty solid investment advice in the current marketplace.
@OVYED DENO His advice is super basic - I have seen plenty of him. Him and Dave Ramsey are the two people I recommend for getting started in basic finance and how to manage money
Where should I invest money if I need to invest for only 6 months. (4k)
Is it possible to invest $5,000 in I bonds and then add in $5000 at a different time, say a couple months down the road?
Yes, you can do that. As mentioned in this video max per year is $10K.
Oh Suzie! I've been preaching i bonds to my friends and family since I stumbled across them in "The Week" magazine a couple of months ago. As for my friends and family? You can take a horse to water.........😢😢
Love suze !!!
Thanks Susie
When you invest you're buying a day you don't have to work
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@@franknedu1957 What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
@@shannoncallehan9678 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
@@shannoncallehan9678 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that bitcoin investment is one of the profitable money exchange services that elevates investors and their financial status.
@@burjkhalifa1718 That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad experts
I have been buying I bonds since they were established back in 2000. My early bonds from 2000-2001 are earning up to 13.39% because they used to have a fixed rate component that was higher than 3%.
You can also purchase an additional $5000 in paper I bonds with your federal income tax refund. These don't count against the $10000 limit on the ones you purchase on Treasury Direct. Just adjust your federal withholding (way up). They can be purchased directly as you file in Turbotax and H&R block tax software, and the Treasury will mail them to your home.
Thanks bro'!
I've been considering IBonds lately but I can't decide on how much to purchase. I'm convinced CPI will push IBond rates back up to 11-12%...I should buy some now to lock in the current rate. But might split my investment between now and after the new rate.
Rate changes every 6 months so it can go up or down. I’d buy them diversify and get a guaranteed return from federal government.
Buy an amount you think you can afford either every month, every 6 months, or once a year. Every new bond you buy is locked up for the next 12 months.
I jumped on the band wagon when I heard about these I Bonds back on April 29, 2022! I put in an even amount in the beginning of May 1, 2022, and once a week since May 1, I have a set amount of automatic withdrawal coming straight out of my bank account….I don’t miss the $ bc it is in auto pilot mode!
How about Fixed Index Annuities? I have done really well with a 7 year and now have two 5 year annuities.
Does this interest count towards your provisional income in regards to social security?
Yes, maybe, I don't know
I believe yes, in the year that you report the interest on your 1040.
If you cash them in it does. Their tax deferred (there is an option to pay every year but I think it's rarely used).
But after paying taxes your guaranteed to lose to inflation. And it's even worse if you cash them in before 5 years
It’s a better option than cash under your mattress but I do both.
Can i move money from my 457 to iBonds without paying capital gains from the withdrawal?
That sounds really good. Is that for US citizens only ?
You have to have a SSN/EIN to register a TreasuryDirect accout. So basically , yes.
I started watching this vid expecting some gimmick stuffs, but her recommendation is actually reallygood. Yeah guaranteed yield of about 9% is really good, though 10K per year limit is a bit low.
Nothing wrong with 9% a year. It's more than you'll get from any bank.
There is no limit if you buy it as a gift for another person, couple may buy for each other or their sibblings
Limit is $10 person/yr whether you buy it yourself or someone buys for you. Can buy additional $5K using tax refund. Also You can buy additional $5k-$10k (can’t remember) if you set up a trust.
@@bchen8879 Are you sure? Can you provide a link indicating what you're saying?
@Andrew Do you have a source showing this? I've always heard it was $10,000 was the limit even for electronic I bonds.
Courtney is smart
This why Suze Orman will go down as the top financial adviser personality. She updates her info with the market. No holding on to fantasies of 30 years ago.
Suze's top advice, "Do what you feel comfortable with!!"
I got the same advice from my barber!
Will she come back and tell you to sell in about a year when inflation goes back down?
I bonds will not even keep up with inflation after taxes. Yes you are guaranteed to lose money after inflation because of taxes. And the higher tax rate you are the more you lose.
If you're thinking right now you pay taxes on all investments you're right. But with stocks in the long term you will beat inflation I bonds only match it (and then when you pay taxes you lose to it).
I bonds are cash like investments and they are guaranteed to lose to inflation.
@@alansach8437 🤣
Buying I bonds won't make you rich because of the limitations, but a sound investment. Be careful buying on line though. The slightest mistake, such as in typing in your address (my address is misspelled on my driver licence, I made the mistake of entering it correctly when buying bonds) can get you locked out of your account. It is then a nightmare, that can take weeks, to get access again. They want you to get your identity guaranteed by a broker. A simple notary won't do it! I don't know of any broker within a couple hundred miles of my town of Boondocksville, Middle America!
Why would you consider I bonds and investment? They are guaranteed to lose to inflation after taxes.
The goal of investing is to beat inflation. I bonds are great for cash needs. There are cash like investment
I was locked out and used a notary. Its says on the Account Authorization form that a notary is acceptable. My account was unlocked within about 3 days after TD recieved the form.
I thought her expertise was exposed years ago
Ok, not to overthink this.. but if the US govt is borrowing money from you at 9.62% at this time🤨, I'd be happy and worried at the same time.
The profit is taxed at federal level though so they get some of it back.
Wow, don’t believe you didn’t mention anything about the gift box benefit with these!
Guaranteed rate for only 6 months. But only $10k maximum can be bought per year. So limited as to how much you can invest.
If you have someone you trust, you can also gift each other more in I bonds to get over that individual $10k amount. There are TH-cam videos on it.
@@KeY-ph8xs do not involve others with your finances because-in more cases than not-it doesn't end well.
@@marietaylor5174 Are you familiar with how gifting of I bonds work?
Suze has a voice for magazines
🤣😂
I dislike non liquid investments tied up like that penalize you for your own money if you need to access your own money.
9% only until cpi stays there or getting index/stocks at 20%+ discount? Market.
Great. What if you need to invest more than $10k?
Did you listen? 😍
Buy BITCOIN
@@Etaoinshrdlu69 That's funny
I bonds are a 30 year investment term. 30 YEARS! What are the penalties to cash them out early? Will you keep your I bond when in 5 years the interest rate is back to 2 % and you can make more in bonds and the market? Check out the details before you jump.
All you have to do is hold onto them for 12 months. When interests drops to 2% as you say cash them in and move the money to the market or baseball cards whatever.
@@kona6451 So, you think the Government is going to cash them out for full value? What a joke. You pay a 3 month interest penalty. Just like cashing in a CD or any long term investment early. So, interest rates go to 2%, for 3 months you get NO INTEREST, your money is totally idle, plus you lose the investment opportunity elsewhere for those 3 months. People tend to only see the marketing hype, not the downsides also.
So, you buy an I bond, say interest is high for 2 years, you break even on your money (it pays the inflation rate) but then you lose ALL interest for 3 months to get your money back. Therefor, overall, you did NOT get the inflation rate for the time you held your bond.
@@6handicap604So what makes you think the Gov. wont cash them out at full value. Do tell. Yes I know if you cash them in before 5 years you lose 3 months interest. You talk about that causing you to not keep up with inflation., Hows that money in your savings account doing. It's also called diversifying. A meager $10k is a small part of my portfolio. Sounds like you should stick to baseball cards.
@@kona6451 Hey, do what you think is best! All I can say is the top money managers and hedge fund managers in the business do not recommend I Bonds. There are other ways to protect oneself from inflation. More easily and cheaply convertible to cash to get back into market at the bottom.
@@kona6451 Cant see interest dropping to 2%. Cash out in a year. Take the three month hit and your ahead of the game.
The Feds change the interest rate every 6 months (May & November).
You have to declare the interest on your tax return. So you negate any interest earned with a portion going to taxes.
I'd just buy more stock or just keep 10k in cash
Gold and silver is also a viable alternative to cash.
Do so then. I'll take the 9.6%.
I think I would come off better keeping the money to do bank bonuses and such. Plus I have heard horror stories of people getting locked out of their accounts.
It’s not that big a deal to get locked out. Just call their helpline number and have the answers to your security questions ready and your TreasuryDirect account number.
Sure Suz, let me put 10k into an Ibond. I’m sure it will really save my retirement portfolio from this horrific democrat policy that has caused this mess.
Great info but too many interruptions. Didn't get to hear her continue expanding her thoughts on many points, wait until she pauses to jump in geese.
Too bad they nerfed the inflation calc. 9.6 sounds good except for the fact that real inflation is like 14%
Whatever the real inflation rate is, I bonds earn a lot more than any money market or bank account. We’re buying I bonds to set aside money for a break the glass emergency. We will keep buying them until we have an amount equal to one year of living expenses. Where else can you park cash and eliminate or at least greatly mitigate inflationary evaporation?
Most people's personal inflation rate is much lower than that though. If you're spending your whole paycheck on gas, groceries and a used car then your inflation rate is high. If you're a millionaire who is living frugally then your personal inflation rate is still pretty low.
@@joerongish2728 Exactly. Adjust your buying habits during times of inflation and you can mitigate some of the effects.
Hmm
After you pay Federal income tax, you are not keeping up with inflation. Also, maybe she should explain what happens to those bonds in a period of deflation?
They never have negative inflation if thats your questions. When it drops really low just cash them in and mover you money. Easy peasy. Just need to hold them for 12 months.
@bubble jim Actually, you can report the interest annually or when you cash out.
@@kona6451 But there is a 2-3 month penalty before year 5. I'm not sure what that means though.
@@yesyalonso2836 You can't cash out for 12 months. If you cash out before 5 years you forfeit the last 3 months interest. My plan is to ride them out until the paying rate drops low. If that's before 5 years then wait until your last 3 months of interest fall in a "lower" rate.
@@thefishhobbyist5478 yes they can be tax free for education.
Do you think all the people buying them because of current rates are paying for education with them?
Apple stock at current 21 pe is best inflation hedge
In 5 years Apple will be much better than these ibonds
1. not guaranteed
2. this is about an annual per basis term.
@@youmadbro951 I will guarantee you in 5 years Apple will be better than these Ibonds
@bubble jim Of course but you can also say this is riskier than under your mattress
Maybe. But in one year these bonds will likely be higher. This isn't a replacement for buying stock. It is just a hedge against inflation. If you are retired you don't want to withdraw stock money in a down market. But if you own some of these, you can sell them instead, and wait for the market to come back.
Need to sit 5 years or lose 3 months of interest..
@@thefishhobbyist5478 no matter what the interest rate is you loose 3 months worth.
@@thefishhobbyist5478 "many years it has been zero"
If you're talking about the fixed rate it's still zero.
But I'll assume you're talking about the inflation rate, please name the years that inflation rate was zero?
@@thefishhobbyist5478 the only return from I bonds is the inflation adjustment since the early 2000s.
The only years I bonds would have had a negative return would be 2009 and 2016, assuming you didn't have a fixed rate of return on top of the inflation adjustment.
They would have never had zero return.
I bonds are great for cash like needs. I've held my emergency fund in them for 22 years now. As an investment your guaranteed to make less than inflation after you pay taxes. An investment should beat inflation and hopefully by a couple percentage points.
She looks like Alf in the thumbnail.
she finally noticed?
In the video she mentions she's been doing it since 2001
what about tax? how could these financial 'pros' not talk about that?
They did.....taxed federally, not state.
Courtney has a lot of attitude, she should not be interviewing guests.....
Her eyeliner is way too dark
Suzy is great!
Only 6or people that doesn't understand how wrong she is
Here's some advice to people desiring to obtain money without actually doing any REAL work ....get up off your ##@ and GET A JOB ...THEN think about investing. No disrespect to Suze Orman, but she probably wouldn't be able to handle a REAL job?!
What’s she going to sell next? Maybe another CC where she gets kickbacks!
Is she still peddling those credit cards?
That's what I was wondering, her bull***t pre paid çards.
She's no one to give advice. And she gets defensive when confronted about that.
Tyler has been in finance journalism for 40 years and has never heard of I-bonds-he heard about them from his niece’s husband? I-bonds have been around since the 1990s, so either he’s a nincompoop or he’s being disingenuous.
Lol
She is a con artist. Don't trust a thing she says.
I think like so many "celebrity" anything (name a field/occupation) ( Dr. OZ or Hershel Walker for example -- once you get down/understand their political incompetence -- to have them as politicians -- OMG!!! Let's NOT do that again!), They may have some value in their chosen field but YOU YOURSELF still have to have some familiarity with the subject matter to gauge the celebrity's REAL VALUE/COMPETENCE in any subject matter.
In this case with SUZE. There is some value in what she says, as there is value in practically ANY "non-celebrity" doctors, and financial planners etc. telling you the SAME EXACT THING and many times BETTER and MORE IN DEPTH.
And THAT is my problem with SUZE. What she is telling you is NOTHING that you can't learn, TRIVIALLY, for YOURSELF from practically ANY financial source with any type of credibility/familiarity with I-bonds. So basically she is LEACHING off of publicly available information, and making it seem she is offering you great financial advice. Then she has used her celebrity to CON her followers into financial advice which was SOLELY geared to benefit her PERSONALLY. NOTE: I wonder if that can be attributed to the "Hubris of Celebrity"
The extra value I don't see with SUZE, is a trivial fact that you can, in actuality, buy $10,000's of of I-bonds each YEAR above what She said you can buy through the TreasuryDirect GIFT BOX feature. Many youtubers (NOT SUZE) have mentioned how to use the GIFT BOX feature.
My wife and I have bought $60,000 in I-bonds this year alone (didn't use a trust and don't have a business), and could have bought more if we had the free cash laying around to do so. If we had solely relied on SUZE, we would have missed a substantial financial opportunity to protect more money from inflation within I-bonds.
She didn’t blame Biden for this mess?
Anyone that Tra Reasury I can’t trust them
As your son.
Suze is awful. Whatever happened to her crappy debit card she was pushing on people? She sold out her audience with that stunt.. along with her credibility.
I agree. I have heard/read/watched some awful things/Documentaries about SUZE which has ABSOLUTELY destroyed her CREDIBILITY/INTEGRITY with me.
A person with a long-term horizon of 10-20 years, should avoid I Bonds. You lose a massive opportunity cost. These do not create wealth. When investors run toward these fixed assets, it's usually a sign of a scared investor or someone with little risky appetite. The market has continuously punished people that sit on the sideline or rush towards something like I Bonds.
They can be part of a portfolio that HEDGE against inflation, dork.
@@dwighta8215 What is the reward for investing in I Bonds after taxes? $750-$1,000. That is not wealth building. You could honestly make that much hacking credit card/bank bonuses in a year and not put up $10k. Suze Orman says this is the #1 investment right now, lol. For uber-wealthy people, this would be a waste of time. For those in the middle class, investing in I bonds won't move the needle.
@@slickfingers i bonds are not designed as a wealth building investment vehicle. That's why they are called "I" bonds for inflation and not wealth building bonds. if you are doing the credit arbritage game, which went out of fashion like 20 years ago, especially when cc companies started to drop the 0 transfer fees, that isn't wealth building either and time value of personal time required to juggle is much higher than the effective rate you would get from it. chasing bonuses is also not worth the time and effort and the effective value of the bonus is no better than a high rate savings account yield at this point. i bonds are only subject to federal not state or local, so that is a benefit. if you don't need to touch the money, i bonds are much better than keeping in a .05% savings or 2% high yield savings, or 3% CD. you could potentially purchase unlimited amount of i bonds in any given year and hold in gift box. more than likely rate reset in november will be higher. regardless, there's no convincing you.
@@hanwagu9967 Very decent of you to take the time to type this explanation. But as you stated there's no convincing this person or some of the other commentors who want to blame Biden or other Democrats for their own financial indiscretions or their misunderstanding of financial investments.
This woman’s a crook lmao
She is a con artist who enjoys when people get old or tired from jobs they hate only to not spend their money they earned on travel they should have done or parent nights they should of attended. #onlySuzeOrmanIsWorse
If it is Suzy somehow it must be a scam..
Why?
She's one of the few honest financial advisors on TV.
@@davidng2699 David, you have NO IDEA what a real honest financial advisor is if you think SUZE is one.
A complete fraud and huckster. If she's saying then she's getting paid or has some scam to make money by saying it.
I bought this book on audio. WHAT A MISTAKE THAT WAS. Good lord, she spends hours talking about family therapy and promises that she will give financial advice which she never gets to, if she does it's so heavily peppered with these emotional stories of children and grandchildren you forget what you were looking for. Seriously its 99% heavy therapy sessions 1% advice, and another chunk of 99% of emotional discourse and 1% of advice and it goes on and on and on. SHE HAS NO REGARD for those WHO HAVE NO CHILDREN! OR GRAND CHILDREN! For crying out loud woman, why do't you put a disclaimer that non-children couples will find nothing here. Why don't you at least make a separate chapter, or separate book for childless couples and single men? don't we deserve financial advice? don't we matter? are we less of huma beings? Good lord!
Bonds are terrible
What financial academic preparation does she have?
NONE.
I do apreciate that from 2006-2008 the obvious fall of rhe housing market she warned peoole of the fall in prices in the US houesing market but she scamed people that put money in debit cards she prometed fir which she recieved money, and told them that using the debit card would improve there credit standing - she lied.
how many of those financial academic folks have gotten the economy wrong? Nearly all.
@@hanwagu9967 my comment is because she was envolved in a debit card scam and hope she does not scam people in other wats. Her ex assistant who at some point gave interviews aboit how and why Suzzie had success on TV.
She puts a good show.
I bonds are backed by the word of thw US Feseral Government and considered reliable in ferms of repayment and I bonds have been around for years, there interest rate is based on inflafion % so depending on what a person believes on the future of inflation and rhere particular situation it can or cannot be a good alternative.
They are for 30 years, if you cancel before the 1st 5 years you loose 1st 3 months of interest. Pay taxes at the federal level not state when you claim your money. I am not an expert but do know a little about finance and investments.
Wow. A max of 10k. Such inflation protection, lol.
Just open a couple LLCs it shouldn’t be too hard to manage anything under 50k
Great explanation, Suze. I need to watch your podcasts instead of this channel. That way I don’t have to listen to these idiot commentators interrupting you.
Oh Suze Orman ... lying fake ...
BONDS sukkk.....just sayin...
not all bonds are created equal and to make a generalized statement like that means you know nothing about bonds.
go away Susie, NOW!
Says the 10 year old
Or you could go away?
@@ninastone9054 how about your mom?
When someone is guaranteeing a return to beat inflation, with zero risk, always be skeptical folks.
Not sure I heard that. When did she say that?
@@JT-rv8wb She totally said that. I'm not watching again to find timestamps
She did not say that in the context of what you implied. But ok gen z or millennial or whatever you are.
@@JT-rv8wb 39
Caution is great, but so is doing your homework.
It’s about macro economics. This woman has no idea how to integrate and coordinate savings and growth components.