Monday, March 23, 2009

Bye (Muni) Bonds!

"'No one knew'--that happens to be a lot of b.s.. Lots of people knew. It was obvious,' [Bill] Fleckenstein said. "If someone had no understanding of the financial crisis and they completely missed it, then why should you listen to what they say now?' ... As for her own money [Suzy Orman] said she has about $25 million, almost all of which is invested in municipal bonds; she has $885,000 in the stock market (it was closer to $1.3 million before the recent plunge)", Sheelah Kolhatkar at Time, 16 March 2009.

Muni bonds? Hahahahaha. Imagine, Suzy Orman (SO) dispenses financial advice. One person pleased by SO's holding muni bonds is the Mikado's Lord High Executioner! Yes, here the "punishment [will] fit the crime".

4 comments:

Anonymous said...

I hate to admit I've never watched her...

She seems to be an amazing marketer...

She's in the CNC guillotine line too?

Independent Accountant said...

Anonymous:
No, I don't think SO has earned the CNC guillotine. SO has most of her portfolio in muni bonds. I say the Lord High Executioner is happy, "The punishment fit the crime". SO eats her own cooking.

winged unicorn said...

SO is only a finanical advisor in the loosest sense of the term. what suzy does, and does VERY well, is show people how they use money as a parallel of the other ills in their lives.

She's an emotional therapist, not a pocket therapist.

and yes, i used to watch her religiously.

Anonymous said...

She got the job because she is a woman giving advice to mostly women.

Talk about affirmative action...