I'm a financial planner, and EVERYONE in our industry (not just our company, but our industry as a whole) that I have talked to believes Suze Orman is an idiot. Peddling really bad information. I'm not exagerating either...not one person in our industry that I have visited with, likes what she has to say. What do you think?
2006-07-18 15:05:46 · 19 answers · asked by Bruce B 4 in Business & Finance ➔ Investing
I don't think Cramer is an idiot....I just think he's crazy. There's a big difference you know.
2006-07-19 15:26:35 · update #1
Yes
2006-07-18 17:30:59 · answer #1 · answered by jeff410 7 · 4⤊ 2⤋
I'm in a related industry myself. I don't find her to be an idiot at all. I believe much of what she promotes is somewhat basic, and i don't agree with her on all points, but overall, her approach is not a disaster, and much of what she says is steering people in a positive direction from where they are.
I'm not a great supporter of Suze Orman, but I'm not a great detractor either. Frankly, I'm not convinced that the financial planner community, as a whole, has the corner on brilliance, either.
2006-07-18 16:45:54 · answer #2 · answered by Anonymous · 1⤊ 0⤋
From my experience Suze Orman introduces and empowers people to handle their personal finances. She begins with budget and planning, then to savings. Hoo hah, you've got to start somewhere! Maybe she panders her wisdom like an evangelist; so that's all right and seems to have an appeal to the broke yet hopeful ... something like that.
Is she capable of more complex financial matters? I believe she has fine advice for young people and families. I'm not sure of her analysis on different markets though. Heck, everybody's running for cover these days.
Does she have a syndicated financial column?
2006-07-18 16:56:29 · answer #3 · answered by Donald S 2 · 0⤊ 0⤋
I work in the home office of a financial services company and have studied financial planning for 25 years. I find Suze Orman to be an intellectual lighweight. A lot of her advice is gimmicky and focuses on the wrong things. On her show she gives people advice without first asking them what their goals are and without understanding their total financial picture. She is not very good at explaining the mechanics of various financial products. She frequently seems to miss the point.
I much prefer Jane Bryant Quinn who I feel is much better at laying out the facts of money matters. I used one of her books as my financial bible for the first few years after I got out of college and it served me well.
2006-07-18 15:27:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Judging by her columns on Yahoo, her advice is ok for the vast majority of ppl. And I completely agree with Rabbit: "Next to Cramer, she's a genius."
2006-07-18 17:11:46 · answer #5 · answered by Michaelsgdec 5 · 0⤊ 0⤋
I know some people who have become very well to do by doing some of the same things that she recommends. I'm not saying that all of her advice is good. But some of the tips she gives about staying out of debt, retirement planning and estate planning are right on.
2006-07-18 15:12:30 · answer #6 · answered by askme 4 · 1⤊ 0⤋
Depends who you ask I guess. When I was flat broke I thought she made a lot of sense. Now that Im making alot of money and older - her "practical" tips strikes me as being too conservative. She wants you to pay off your house, Roth IRA, get a 30 yr fix loan, yata yata, etc. Im sure all the people that lost their house in New Orleans differ in opinion with her regarding real estate.
2006-07-19 22:22:46 · answer #7 · answered by 1st Uget D Moni 2 · 0⤊ 0⤋
I like some of her savings advice but I'm getting a bit annoyed with her 401k and Roth obsession. Though it's amazing how she's kept consistent about this, for foreign readers like me, advice like that is just irrelevant.
Among Yahoo! Finance columnists, I like Laura Rowley (Money and Happiness) much better.
2006-07-18 15:32:22 · answer #8 · answered by Chat 3 · 0⤊ 0⤋
She's an entertainer, not a finance wizard. I don't think she offers anything of value to her listeners, so I don't listen. I don't take advice from The Wall Street Journal either, that's what I pay my planner for...
2006-07-18 15:12:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
She is a contrarian signal. Whatever she says, you would be doing the right thing by doing the opposite.
She advocated stocks when the market was peaking and then tanking in 2000, and recently advocated buying bonds which earn less than inflation, what is her 'advice' now?
2006-07-18 15:11:26 · answer #10 · answered by -* 4 · 1⤊ 0⤋
The only financial planning she is good at doing is her own, because she's making money off common people who believe that reading a book or buying dvd's will make them rich. I can't stand the beeeyatch.
2006-07-18 15:09:26 · answer #11 · answered by Anonymous · 0⤊ 0⤋