As I shared with you in last week’s Carnival there was a huge backlash to Suze Orman’s recently announced pre-paid debit card. Several PF bloggers wrote posts about how she handled the backlash on Twitter, including some bad feedback on the card from Personal Finance bloggers like PT.
Now, a real journalist, Jason Zweig, who writes The Intelligent Investor column at the Wall Street Journal, shares in Saturday’s edition that Suze has made another poor choice. Suze has aligned herself with an investment manager to create a newsletter that may be providing it’s subscribers misleading investing information.
Poor Suze. Seems like the hits keep coming. She’s quickly loosing her reputation which took her years to build. What do you think she should do?
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I’ve been suspicious of Orman for years. Not sure if she’s ever been in the “altruistic advice” category. For many years she was recommending certain kinds of ETFs that were more costly than index funds with low fees. Not sure if she had some industry connection where she may have been personally benefiting from more investments of a certain type but I always thought it was a little shady. This just seems to show she is willing to be more proactively shady.
Thanks for your comment Alex.
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