Suzie Orman gives very basic advice which is very hard to argue with. This article tries and it’s just a hatchet job.
I guess this is a liberal article because it attacks traditional financial advice. For example, there is something wrong with telling people to be responsible with credit cards?
And the author attacks income averaging (buying stocks consistently as they go both up and down) as “throwing good money after bad”.
This is a very ignorant article. He says his parents were told to income average before the bottom fell out of their portfolio in 2000. Well duh if they held a diversified portfolio and continued to invest they would have purchased stocks very low and the market rose to record levels a few years later.
My bottom line, this is someone trying to get known by attacking someone more famous.
I agree with you.
I noticed that the author assumes that someone who goes through a crisis, such as a divorce, will not have to make tough decisions. Or that there is no help for it. Wow.
There are a lot of callers who get stuck in a situation because it’s tough to know where to draw the line and say, sorry, I can’t pay for that or I can’t have that.
Suze is helpful when she is trying to get the caller to understand how he or she may be committing him/herself to a greater obligation than he or she can handle. She gives examples as to how to confront a bad situation and make the tough choices now, so that down the road, there is light at the end of the tunnel.
Orman, just like Cramer, are showbiz. Remember that as you see their names and faces splashed across all these books and endorsed products.
When I started listening to Suze, I never understood why she was always advising women to divorce their husbands. It seemed like bad advice on both financial and emotional grounds.
Then I learned that she was a lesbian!