How Do You Invest Your Money?

I love the short money interview that Deborah Solomon did of Suze Orman titled She’s So Money. As regular readers know I’ve never been a fan of Ormans. I’ve found her information to be very condescending and simple! She is a great marketing machine and I do applaud her entrepreneurial skills.

I am a huge believer in always asking financial advisers how they invest their money and that’s why I really enjoyed the Solomon interview. When she asked Orman how she invested her money, Orman replied: “Save it and build it in municipal bonds. I buy zero-coupon municipal bonds, and all the bonds I buy are triple-A-rated and insured so that even if the city goes under, I get my money. I take a little lower interest rate to make sure my bonds are 100 percent safe and sound. “

What about the stock market: “I have a million dollars in the stock market, because if I lose a million dollars, I don’t personally care. ” Interesting comments! You can learn a lot about hiring a potential financial advisor by asking good questions. Wouldn’t you feel funny if your financial advisor invested all her money in real estate and was advising you to invest all your money in the stock market? Ask good questions before you commit to an advisor or guru!!

Steve Mertz
Suze Likes the AMT Tax!

4 Responses to “How Do You Invest Your Money?”

  1. Deborah says:

    “You need a financial adviser,” I was told. Well, I’ve had 3 and the net results was breaking even after 14 years… Disgusting.

    And then a friend was raving about his. So I went to see this financial adviser. And the conversation went, “well, Darcy had that idea, and Darcy thought this, and Darcy…” And this guy was in his 60s and had zero sense of what the return was on a 4 year bond I showed him that I was carrying.

    I feel very different about financial advisers than you do.

  2. Steve Mertz says:

    Deborah, Thanks for coming by. what a rotten experience! I’m glad to see that you have been very proactive in your financial future and look forward to reading your posts. Best Wishes, Steve

  3. Anonymous says:

    I find Suze’s finances a joke. 1/25th of her moolah is in the stock market? FOUR percent in the stock market? And she advises folks on TV and through her column? She’s out of touch with the very people she attempts top assist.

  4. Sam says:

    well, you had really nice experience. waiting for your next post.

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