The NYT has a new Suze Orman comeback piece called . I’m old enough to feel nostalgia over the peak Suze Orman years, and it was interesting to read how some of her advice as changed:
Some of Ms. Orman’s advice has shifted since the Great Recession of a decade ago. The coronavirus has led her to the belief that having an emergency fund for food and health care is more important than concerns over debt. That’s why she’s telling people in financial trouble to scrape their money together and put it aside for emergencies, regardless of the damage it may do to a FICO score.
“Can you believe Suze Orman’s telling you to ‘please use your credit cards’?” she said on “Today.” “And only pay the minimum amount due. You might even want to call your credit card companies and ask them to expand your credit limit.”
Those who are in a slightly better situation frequently ask Ms. Orman what they should do about their stock holdings. Once upon a time, Ms. Orman was an evangelist for municipal bonds and an opponent of the stock market. But that changed as the interest on them descended to “almost nil,” as she put it.
So Ms. Orman’s recommendation now is to dollar-cost average in the stock market: purchasing a little bit every month, mostly in index funds, regardless of whether markets rise or fall.
I guess she has enough money now to feel less conservative these days – she went from muni bonds to sharing about her stock market timing prowess.
I don’t see any new TV episodes, but she does have an active . I always thought her original slogan was rather clever: “People first. Then Money. Then Things.”
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