[Boomer]

Suze Orman was on with Larry King tonight. I have been a fan of her advice for a long time. When Orman was interviewed by the NYT in early 2007, the shocking information that came out of that interview was when she revealed that she invests like a retired grandmother.

Orman's investment style was compared to that of Groucho Marx who, while touring the NYSE, was asked by a trader where he kept his money. When Groucho answered, "Treasury bonds," the trader told him that those would not make him any money. "They will if you have enough of them," Groucho shot back.

Orman took a little heat from the press at the time of the interview. It was like they were booing her for being a bad example because they said average people were supposed to take risk with investments, and sometimes lots of it, huh? Circus Clown Cramer was the darling of the day for a long time.

Well, tonight Suze Orman had a few things to say. First of all, she is greatly concerned about this mess. She said that her guess is that it will be 2010 before real estate begins to stabilize. But she said that for those who can afford to buy, now is not a bad time. She told people to not spend money that they do not have even if it is time for Christmas shopping. She said that the time between now and the inauguration is going to be really rough. And she took some calls from viewers.

Now, all of that is pretty general and obvious, but there was one thing that she said that I found pretty interesting...

Suze Orman said that she went shopping today. She bought a couple of good solid dividend-paying stocks that have been hammered but that will be back. She would not say what she bought, of course. She just said that there are solid companies that have dropped significantly but will return. What has happened is the dividend yields have turned into 9% in some cases. She said what we all know and that is that dividends pay you to wait. You just have to find the right dividend payer.

So anyway, here I sit, going on and on, for whatever reason. But if you want to see the interview, I think Larry King repeats later tonight, maybe midnight, not sure. Suze Orman was on for the first half of the show.

I wonder what Suze bought today. (And she did not comment at all about how long she thought the wait might be.)

Boomer