In fact, Orman's portfolio is reminiscent of a story about Groucho Marx, the famous comedian who purportedly once toured the New York Stock Exchange and held court with the floor traders after the closing bell.
Knowing that Groucho was wealthy, one trader yelled out, "Hey Groucho, where do you invest your money?"
"I keep my money in Treasury bonds," is what the leader of the Marx brothers reportedly replied.
"They don't make you much money," a trader shouted back.
"They do," Groucho said drolly, "if you have enough of them."
Groucho always made me feel good and laugh, but I wouldn't want him as my financial adviser. Orman makes people feel good too, but that doesn't make her the right adviser for the bulk of her audience.
"The big problem with Suze Orman is that she appears to be a below-average financial planner," says Bob Veres, a leading commentator on the financial-planning world and author of the new novel "Song of the Universe," in which the protagonist is a financial adviser.
"She scores very high on the personality index, but very low on the knowledge and understanding of the complex issues that face a lot of her audience. She's giving generic, simple solutions to people's most difficult problems, and judging from her portfolio, she's taking them on a path she really hasn't traveled herself.