Do you guys find her show informational or just simplistic? I think she connects very well with the common man though not sure how her advice would sit with sophisticated individuals.
Her show is alright. Most concepts are for the typical person. But she also gives people direction who have an estate planning question. She is not like Jim Cramer and the premise of her show is to minimize debt and increase savings balances. Disclosure: I’ve seen 2 episodes in my life since I don’t have cable at my home.
I caught her show a couple of months ago and I thought it was interesting that she was recommending not paying down debt. She said to hold on to cash as she was scared about the economy. Her show would be on my a-list if she did it topless.
There’s not a whole lot of depth, but her advice seems pretty sensible to me, especially considering that her audience is primarily the retail investors who are prone to making horrific debt and allocation decisions. This ensures that her audience is very broad and suitable for something like PBS. For these people, avoiding basic mistakes probably adds the most value.
simplistic. The fact that how well she connect the the common man shows the level of ignorance of average people in this country. Spend/borrow less and save more is a hard concept for people to understand.
she’s a lesbian. over 50. but i learned a lot from her when i was in high school.
ws Wrote: ------------------------------------------------------- > simplistic. The fact that how well she connect > the the common man shows the level of ignorance of > average people in this country. Spend/borrow less > and save more is a hard concept for people to > understand. Considering our country has a negative savings rate, I’m glad someone is trying to reach out to the typical overleveraged American. Some calls are just awful. One show I saw a guy called in saying he made $60k a year, and wanted to buy an $80k sports car…she laid into him, “You can’t afford it!!!” The fact that people need to be told this scares me.
KJH Wrote: ------------------------------------------------------- > I caught her show a couple of months ago and I > thought it was interesting that she was > recommending not paying down debt. She said to > hold on to cash as she was scared about the > economy. > > Her show would be on my a-list if she did it > topless. She is gay though and her partner is a co-producer of the show.
Yeah, I can see her in some vicious spiked leather tutu. I bet she has a tattoo on her rear end. Seriously though, if you are one of those overly indebted people you can’t listen to stuff like Suze. You KNOW the truth you just pretend otherwise. Everyone who smokes knows smoking is bad… it’s not like the message hasn’t been communicated?
I watched bits and pieces of her show on occasion in or around 2005 and came to the conclusion that her show was just an infomercial for Fair Isaac Corporation. No?
ditchdigger2CFA Wrote: ------------------------------------------------------- > Considering our country has a negative savings > rate, I’m glad someone is trying to reach out to > the typical overleveraged American. > > Some calls are just awful. One show I saw a guy > called in saying he made $60k a year, and wanted > to buy an $80k sports car…she laid into him, > “You can’t afford it!!!” > > The fact that people need to be told this scares > me. i couldn’t agree more with you, ,ditchdigger.
ditchdigger2CFA Wrote: ------------------------------------------------------- > Considering our country has a negative savings > rate, I’m glad someone is trying to reach out to > the typical overleveraged American. Is this true? I thought the savings rate declined since the 1980s and only dipped into negative territory in 2005. It’s been positive since 2005. Also, if I recall, aren’t the saving rates calculations used by the BEA fundamentally flawed? Something about not including capital gains. I think most debt statistics pimped by the media are overhyped. While Americans do carry historically high levels of debt, the average of level of consumer debt claimed by the media (i.e. $8 or 10k?) is really only around $2.5k. Re: SuzeO, she’s the Dave Ramsey for the non-God fearing liberal crowd. These anti-debt, common sense finance, frugality spokespeople serve a purpose and they make a bit of bank doing it despite giving half ass advice. I’d love to make a buck selling common sense advice. Only thing is I’m just too good looking to appeal to the common man.
KJH Wrote: ------------------------------------------------------- > Her show would be on my a-list if she did it > topless. I would pay money not to see that woman topless… it would be a horrifying experience. I never watch her show. Her advice is basic and good for anyone without a good head on their shoulders but to non-dumdums she provides little substance.
Another outspoken planner, Eric Tyson, has a strong opinion about Suze Orman. http://www.erictyson.com/articles/20090127 Veteran financial reporter Chuck Jaffee has done numerous articles for the Boston Globe, MarketWatch and MSN detailing the inadequacy and shallowness of much of Orman’s financial advice. He also said, “…I couldn’t help but do a double take when during one of her recent shows on CNBC. In talking about debt, Orman said: ‘One of the books I wrote, I did a whole section on good debt and bad debt. In fact, I was the one who created that terminology, good debt/bad debt in the United States back in 1999.’ A quick check of a not-too-complete database found hundreds of stories written throughout the 1990s using the terms good debt and bad debt and describing them roughly in the fashion Suze claims to have originated.” Another lie.
kristen wiig does a pretty hilarious suze orman skit every so often on saturday night live. i had never seen her show but watched a few minutes after seeing the skit and thought it was spot on. as planning types go, i don’t think she’s too bad, but it’s pretty common sense stuff: don’t buy things you can’t afford.
JOE2010 Wrote: ------------------------------------------------------- > KJH Wrote: > -------------------------------------------------- > ----- > > I caught her show a couple of months ago and I > > thought it was interesting that she was > > recommending not paying down debt. She said to > > hold on to cash as she was scared about the > > economy. > > > > Her show would be on my a-list if she did it > > topless. > > She is gay though and her partner is a co-producer > of the show. I don’t see how her carpet munching proclivities hold any relevance to this thread. I think she’s great because the reality is the average person is completely clueless about basic personal finance, they should really teach it in highschool. Of course those of us in the ‘game’ won’t think highly of her because most of what she says is pretty basic.
I just flipped her show on for 2 min out of curiosity… Some woman was asking if she should refinance her 6% 700k mortgage at 4.825% or just pay the whole thing off immediately. Her husband wanted to refinance the mortgage and let it ride under the assumption that they would earn more than 4.8 - 6% on their portfolio (specifically fixed income) in the long-run. So Suze expert advice was, “No way. If you have the money, pay that mortgage back immediately. These days you can’t make 6% on anything. What happens if the companies issuing the corporate bonds have trouble? You need to be safe.” Pure garbage.
I’d hit.
Annoying and nagging bitch!
when CFAdummy posts, I smile