Quote:
Originally Posted by 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.
|
BoomBoom, I've been a big fan of Ric Edelman since I moved back to DC in the mid 90's and started listening to him on WMAL. He has always preached situational investing. As one gets older, closer to retirement, and closer to possibly needing the funds, more and more of one's portfolio should be in safer, more stable, more liquid assets (i.e., CDs, money markets, bonds, etc.) and less in individual stocks that drop just when you need the $$$$. I'd definitely take that as Granny Investing, and like Granny's cooking, it's a lot better than a lot of the new-fangled ideas.