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titan22 · 03-13-2007, 08:21 AM

I haven't liked her for a long time. She isn't a sound investor, she has never worked directly as a financial advisor, and she is a millionaire and it isn't from doing investing in the stock market.

She isn't in touch with the average American. And that is who her target audience is. It drives me nuts that she is so popular. She is a psychologist, not a savvy investor. She is a TV face and personality. I would rather jump stock bandwagons with Cramer before I did anything with Orman.

But the best advice to anybody is to research. Learn and understand the markets. Find what works for you. Find an advisor you trust and that understands you and work with them. Don't try to do it all on your own.

Is Suze Orman out of touch? – MSN Money

A few interesting quotes from the article.

I have been saying this about Orman since I first saw her on T.V. I HATE her strategies and disagree all the time.

Quote:

"Suze is investing as if she was a retired grandmother with no heirs," says Neiman, who is a founder of the Pride Planners group, which represents advisers who specialize in serving the gay and lesbian community. "That's not the description of the ordinary person who is out there taking her advice."

Quote:

Orman estimated her liquid net worth at about $25 million, with an additional $7 million worth of houses. With just $1 million of that in stocks, it means that just 4% of her liquid net worth is in the stock market.

Quote:

But Orman's help only goes so far, and she has always been iffy when it comes to investment advice, advocating a "sell after small declines" strategy that is coupled with a "buy things that have been on the rise" concept, leaving investors in a position to sell low and buy high.

Quote:

Her push for paying off mortgages to the exclusion of everything but retirement-plan savings matched by employers could leave consumers with too big a chunk of their net worth tied up in real estate.

Quote:

Orman makes people feel good too, but that doesn't make her the right adviser for the bulk of her audience.

Quote:

"The big problem with Suze Orman is that she appears to be a below-average financial planner,"

Quote:

"She scores very high on the personality index, but very low on the knowledge and understanding of the complex issues that face a lot of her audience. She's giving generic, simple solutions to people's most difficult problems, and judging from her portfolio, she's taking them on a path she really hasn't traveled herself."

Point after point after point. I don't agree with her strategies. I don't like her approach. And I feel she is a hypocrite. This would be like taking Diet advice from Nicole Ritchie or parenting advice from Britney Spears. IT JUST DOESN'T WORK.

briansol · 03-13-2007, 09:40 PM

I think she does a good job.

Not that I would take a word of what she says to heart....

But, look who call in all the time.

I owe 500,000 on a house, have 20k in CC debt, 40k in car loans.
"can I afford a non-profit trip to peru for 6 months to help the needy?"

I mean, for real.
if you have to call and ask something so fucking stupid, you obviously can't afford to do it.

And at the end of the day, that's her auidence.

Rarely does anyone call in (or at least get on the air) that is doing well financially looking for advice. It's always people in debt up to their eyebrows.

And well, in my opinion, it's a STUPID thing to invest when you're in debt (sans a home mortgage). your 8% return (if you're lucky) is most likely lower than what you owe (CC's, car loans, etc).

only when you have 0 CC debt, 0 car loans (maybe a 2-3% loan is ok to have) should you even consider investing your money.

titan22 · 03-13-2007, 10:08 PM

that's exactly why i said she is a psychologist and tv personality. she is there to comfort and condone poor decision making. nobody ever calls in and says, "hey, i'm in the market with 100k, what should i do?"

But i mostly don't like her because she has never worked as a real financial adviser and had to deal with real people. Someone who is ASE certified doesn't make them fit to work on cars. It just means you have the paper. Give me experience and know how.

Doesn't that sound a little familiar Brian?

briansol · 03-14-2007, 03:08 PM

yep.

Hey, i didn't hire her :P

socalgolfguy · 06-22-2007, 05:47 PM

I did not read through all the posts but I find anyone that does anything on TV is doing so for the money. Advice given to everyone generally benefits the audience but what about the few that get burned..? Who speak for them?

briansol · 06-23-2007, 10:53 AM

Kramer is the only one i respect.

not because he's a god of trade, but because he admits it when he was wrong. Hey, it happens.

More so, he has money tied up in a hedge fund for some non profit or something, so his goal is to make them more money.

socalgolfguy · 06-23-2007, 10:55 AM

Sometimes he's just a little late - he's not going out on a limb too far. Example, I purchased NOV in '04 for $24.50. When he said it was hot in late '06 it had already gone to over $60. I sold it at $72 and kicked myself when it went to over $90. I stopped checking it at that point.

briansol · 06-23-2007, 10:58 AM

kick yourself again. lol
Last Trade:108.93

socalgolfguy · 06-23-2007, 11:12 AM

That's why I cannot look....but, like they say, no one ever got hurt taking profits. And, I still netted 132%.

briansol · 06-23-2007, 11:21 AM

good deal.

i'm in the hole 13% this year. i made some bad choices on my investments, and now i'm just trying to ride them out and hope they come back.

in the end, you don't lose or earn anything until you sell.

03-13-2007, 09:40 PM	#2
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	I think she does a good job. Not that I would take a word of what she says to heart.... But, look who call in all the time. I owe 500,000 on a house, have 20k in CC debt, 40k in car loans. "can I afford a non-profit trip to peru for 6 months to help the needy?" I mean, for real. if you have to call and ask something so fucking stupid, you obviously can't afford to do it. And at the end of the day, that's her auidence. Rarely does anyone call in (or at least get on the air) that is doing well financially looking for advice. It's always people in debt up to their eyebrows. And well, in my opinion, it's a STUPID thing to invest when you're in debt (sans a home mortgage). your 8% return (if you're lucky) is most likely lower than what you owe (CC's, car loans, etc). only when you have 0 CC debt, 0 car loans (maybe a 2-3% loan is ok to have) should you even consider investing your money.

03-13-2007, 10:08 PM	#3
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	that's exactly why i said she is a psychologist and tv personality. she is there to comfort and condone poor decision making. nobody ever calls in and says, "hey, i'm in the market with 100k, what should i do?" But i mostly don't like her because she has never worked as a real financial adviser and had to deal with real people. Someone who is ASE certified doesn't make them fit to work on cars. It just means you have the paper. Give me experience and know how. Doesn't that sound a little familiar Brian?

03-14-2007, 03:08 PM	#4
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	yep. Hey, i didn't hire her :P

06-22-2007, 05:47 PM	#5
socalgolfguy Greenhorn Join Date: Jun 2007 Location: SoCal USA Posts: 10 Rep Power: 0	I did not read through all the posts but I find anyone that does anything on TV is doing so for the money. Advice given to everyone generally benefits the audience but what about the few that get burned..? Who speak for them?

06-23-2007, 10:53 AM	#6
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	Kramer is the only one i respect. not because he's a god of trade, but because he admits it when he was wrong. Hey, it happens. More so, he has money tied up in a hedge fund for some non profit or something, so his goal is to make them more money.

06-23-2007, 10:55 AM	#7
socalgolfguy Greenhorn Join Date: Jun 2007 Location: SoCal USA Posts: 10 Rep Power: 0	Sometimes he's just a little late - he's not going out on a limb too far. Example, I purchased NOV in '04 for $24.50. When he said it was hot in late '06 it had already gone to over $60. I sold it at $72 and kicked myself when it went to over $90. I stopped checking it at that point.

06-23-2007, 10:58 AM	#8
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	kick yourself again. lol Last Trade:108.93

06-23-2007, 11:12 AM	#9
socalgolfguy Greenhorn Join Date: Jun 2007 Location: SoCal USA Posts: 10 Rep Power: 0	That's why I cannot look....but, like they say, no one ever got hurt taking profits. And, I still netted 132%.

06-23-2007, 11:21 AM	#10
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	good deal. i'm in the hole 13% this year. i made some bad choices on my investments, and now i'm just trying to ride them out and hope they come back. in the end, you don't lose or earn anything until you sell.

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