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Old 07-12-2016, 09:40 PM   #41
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No financial planner/advisor is going to be perfect. One can fault with something about all of them. In our area Ric Edelman is very popular, he has very good advice to give, but not all is perfect.

IMHO one has to approach these "popular" financial advisors and look at them from a "crowd sourcing" perspective... how much of their advice is basic and consistent? I'd say 95% of folks, if they followed the basics of "LBYM, save, keep your debt down and invest simply", which most of these folks expose, would be better off. Where one has to thread carefully are specific investment recommendations they make. But I understand that, so I can ignore that aspect of their advice.

I recently viewed a Vanguard webinar where they interviewed Jack Bogle. His message also was "just stick to the basics". I don't know, many too many people find the 'basics" too boring, which leaves them more susceptible to things they don't understand but many come wrapped in a nice package...

Current target FIRE date: June 2017 or +50K to the portfolio, whichever comes first
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Old 07-14-2016, 03:38 PM   #42
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I liked her comment that her debit card was the "least cost effective card" available. Some honesty?

But are not all the TV pitch people bad? Dr Phil, Dr Oz et al

For the fun of it...Keith
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Old 07-14-2016, 10:45 PM   #43
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One can probably make a similar documentary about 1/2 of the business owner, including Trump. The video is a complete waste of time for the maker and viewer. My 2 cents.
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Old 07-15-2016, 05:31 AM   #44
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I used to watch her How am I doing segment. I ended up emailing the show about the obvious error in the presentation. She would show "home equity" on the asset side and "mortgage debt" on the liability. As a result she's telling people they have negative net worth and are doing terrible. I never got a response to my email but starting that week it was corrected to show "home value" as the asset. Pretty scary for a presentation whose whole purpose is to evaluate net worth.
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Old 07-15-2016, 06:06 AM   #45
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well owing more then you have in assets is still a negative net worth .but that does not mean you are doing terrible .
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Old 07-15-2016, 08:36 PM   #46
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But that's the point. What you have in assets is the home value not the home equity which is the net. So $500k house on which you owe $300k gives you a positive net amount. She was showing $200 equity as the asset and $300 debt and telling people they were under water on their houses.
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Old 07-15-2016, 09:50 PM   #47
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A reason she no longer has her own show?

Doesn't know what she's doing? Unclear on the concept?

Day time TV. It's about whatever.
Retired at 59 in 2014. Should have done it sooner but I worried too much.
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Old 07-16-2016, 06:42 AM   #48
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I've actually read a few of her books years ago and think on the whole she doles out fairly decent advice. She has found her niche and is making the most of it. Good for her.
Normal is an illusion...what is normal for the spider is chaos for the fly.
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Old 07-17-2016, 07:32 AM   #49
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I have a powerful weapon that use against TV personalities like Suzy Orman, New Age types, Evangelists of various stripes, Oprah, Dr. Phil, Mr Oz etc.

It is the off button. Or in a pinch the change channel option.

Don't really care about her. Others do like and appreciate her so they are welcome to watch and listen. We pass.

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