Suze Orman: Understanding Investments
on Thursday, September 23, 2010Suze Orman Money Quotation saying you shouldn’t jump into investing schemes if they don’t make sense to you first- seems obvious, but we don’t always do the smart things with our money. Suze Orman said:
“Its better to do nothing with your money than something you don’t understand” — Suze Orman
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In this quote, Suze Orman is advising that it’s preferable to leave one’s money untouched rather than engage in financial activities or investments that one does not fully comprehend the risks and implications of. When she says it’s better to “do nothing” than something you “don’t understand”, Orman seems to mean it can be less risky in the long run to keep funds idle than to put them into complex transactions or products that may lead to losses due to lack of knowledge.
The quote implies ignorance can be costly, so it’s safest not to take action with money unless one has a clear grasp of what they’re doing. In essence, Orman seems to be encouraging financial caution over hasty or uninformed decisions. Her quote advises it’s better to avoid acting without proper understanding of the risks, even if that means not utilizing one’s funds for a period of time. The overall message is about the importance of financial literacy and only taking actions once one has sufficiently educated themselves on the implications.