she’s fulla crap. why would anyone listen to her. inf act, everyone is full ofcrap.
“And although one of Orman’s most-repeated mantras is how much she loves stocks — “(S)tocks, in my opinion, are the best investment vehicle for the growth of your money over time” — less than 3% of Orman’s net worth happens to be invested in them. Instead, she’s tucked away the vast majority of those royalties ($32 million-plus, after taxes) into insured, government-backed bonds.
As she trilled to The New York Times Magazine a couple of years ago, “I have a million dollars in the stock market, because if I lose a million dollars, I don’t personally care.”
Of course, Orman is no worse than the financial tabloids, which have been pushing no-load mutual funds as the “new” path to financial security for as long as anyone can remember despite mounting evidence to the contrary.
I remember hearing a favorite Orman statistic — that stocks average 11% return a year — from my mother’s financial adviser at Merrill Lynch just before the bottom fell out of her portfolio in 2000. I won’t feign surprise that Orman recommends becoming an informed investor by watching cable financial shows such as her own; more disturbing is her ridiculing of people who don’t think that financial companies are on their side as “paranoid.”
