This post was originally published on this site
“ ‘She will stand over you, telling you how to clean the blood off the seat, but you’ll do the job yourself. When it’s over, she will spray you down with water, and send you off in clothes that cost less, wiping away your illusion of being a big shot.’ ”
That’s the New York Times in a profile published on Tuesday comparing celebrity financial adviser Suze Orman to “The Wolf,” Harvey Keitel’s character in the movie “Pulp Fiction.”
At times like these, demand for fixer types is running high, and that’s a role Orman embraces.
Earlier this month, Orman was asked how investors should navigate the stock market during the coronavirus pandemic, a question she’s no doubt been hammered with lately.
She responded with some age-old Wall Street wisdom.
“Let’s just assume you have an eight-month emergency fund. Let’s assume you have no credit card debt. Let’s assume that you still have money coming in,” she explained in a CNN interview. “You should be dollar-cost averaging every single month into the stock market.’
Clearly, Orman meets all those assumptions, but that may not be how she’s playing the market.
Read:Suze Orman’s advice for millennials retiring early is simple, bleak
She explained to the New York Times that she loaded up on a “huge number” of stocks in February and March and unloaded most of them for a “serious sum of cash.”
Now, she’s preparing for the stock market to get ugly again, in part because of her view that the government has bungled the coronavirus response.
“You still have people who want to vote for Trump. You still have people who think he’s doing a great job,” she told the Times. “I see a trail of devastation that he left, of people’s lives that they won’t get back, they won’t get their jobs back, they won’t recover from this.”
Of course, to go along with her devoted fanbase, Orman also has her share of critics. It’s not hard to envision her channelling the words of “The Wolf” from the movie to address her detractors.
“Get it straight buster — I’m not here to say please, I’m here to tell you what to do and if self-preservation is an instinct you possess you’d better f—ing do it and do it quick,” The Wolf said. “I’m here to help — if my help’s not appreciated then lotsa luck, gentlemen.”
No big drop in the works for U.S. stock on Tuesday, though the Dow Jones Industrial Average DJIA, -0.18% was moving lower at last check. Both the S&P 500 SPX, +0.05% and Nasdaq Composite COMP, +0.58% , however, were in the green.
