“…We place a lot of “stock” in the so-called “experts” and financial celebrities…. Unfortunately what they do and what they say are of two opposing philosophies.”
Actions Speak Louder Than Words
It seems that the best advice can be learned not from listening to financial corporations and so-called experts, but by watching what they DO.
Banks put billions of dollars into “BOLI” – bank-owned permanent life insurance - while advising their customers to put their money into savings accounts and CD’s earning next to nothing. In a recent video from the Palm Beach Letter, a finance insider confessed that many financial gurus and professionals have none of their own dollars in the stock market.
In Suze Orman’s case, there is also a distinct gap between what she advises and the actions she takes – a gap is so wide that one blogger stated she must hate the financial advice she doles out through books and TV! Continue reading