Word: marketed
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Dates: during 2000-2009
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...soundness of Orman's advice, especially given today's extreme financial conditions, few of her fans do, in part because she sounds so convincing when she says she's on their side. When asked whether she could have done more to warn people about the real estate, stock-market and credit bubbles of the past few years, Orman said, "I did everything I could...
...pictures of the stock market crash...
...comes to acknowledging a mistake. Orman owns five homes, although she's not sure she'll make a profit on the last one she bought--a luxury apartment in New York City's Plaza Hotel, which she purchased for $3.6 million in December 2007, at the peak of the market. (At least she paid for it in cash.) (See pictures of modernist houses...
...longtime driver, Jean Germain, a strapping gentleman from Haiti, came rushing over to take a garment bag from her hands. In lieu of a bonus, last year Orman opened a retirement account for him and made the maximum contribution of $5,000. The cash is sitting in a money-market fund until she decides that the market has bottomed out. She plans to dollar-cost-average into exchange-traded funds and a few individual stocks, as she suggests doing in her books. (Read "Lay Off, Suze Orman...
...money, she said she has about $25 million, almost all of which is invested in municipal bonds; she has $885,000 in the stock market (it was closer to $1.3 million before the recent plunge). She's been criticized for not having more in stocks given that that's where she tells others to put their long-term cash, but she said her focus was on security for herself in case her business suddenly dried up and she had to retire. If the market keeps dropping, which she expects, she plans to invest more: "It wouldn't surprise...