Gimme My Money Back: Your Guide to Beating the Financial Crisis [Paperback]

Ali Velshi (Author)

Book Description

Publication Date: January 1, 2009

One way or another, you lost money as a direct result of the financial crisis. Now you have to start making it back, and you can do that by reading this book. This book shows how the markets work and how to be involved, how to calculate personal risk tolerance based on personality, goals, age and years from retirement, how to avoid losing money, and how to use mutual funds, index funds, stocks, ETFs, bonds, and other investment vehicles to speed up readers' own personal recovery. Includes model portfolios to get you started right away. Written by CNN Chief Business Correspondent Ali Velshi using his trademark user-friendly voice, GIMME MY MONEY BACK is a straightforward guide to understanding how we got into the mess we re in, with concrete, simple, proven steps to get you out of it.

Editorial Reviews

Review

Despite the topic, this book is upbeat and very practical. Velshi does a great job of explaining complex financial scenarios in terms even the most inexperienced can comprehend. The 'What Did We Learn?' and 'Coming Up' chapter endings are a great asset. --John Eckberg, Cincinnati Enquirer Business Reporter and Author, The Success Effect

This book is essential reading for anyone who takes even a passing interest in their financial affairs. A must read. --Stephen Leeb, Editor, The Complete Investor, Author The Oil Factor

About the Author

He is CNN's Chief Business Correspondent, Anchor of CNN's Wake Up Call and a co-host of CNN's weekday morning show American Morning.

See all Editorial Reviews

Product Details

• Paperback: 160 pages
• Publisher: Sterling & Ross Publishers; First edition (January 1, 2009)
• Language: English
• ISBN-10: 0981453562
• ISBN-13: 978-0981453569
• Product Dimensions: 5.4 x 0.6 x 7.8 inches
• Shipping Weight: 6.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (40 customer reviews)
• Amazon Best Sellers Rank: #751,216 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

18 of 20 people found the following review helpful

1.0 out of 5 stars it explains basics but nothing else January 12, 2009

By Josef

Format:Paperback

This book explains very well the events in 2008 and gives you a great insight of the root causes. It also provides investment basics in very nice way. If your are new to the topic investment; maybe it's a buy.

Gimme my money back and an advice how to beat the financial crises? Zippo, Nada, Nothing. The stock market recovered in the past so it will in the future. Great advice. What is the right investment for you? Check your age, when do you want to retire, how much risk fits to you? This is your portfolio you should follow. Great advice. Every 401(k) broker will provide you these portfolios in a similar manner.

I really like to see Mr. Velshi on CNN. Reading his book was a disappointment. Are they really able to inform us on TV properly ???

12 of 13 people found the following review helpful

5.0 out of 5 stars Great read for ANYONE today! December 29, 2008

By Cait406

Format:Paperback

Without much (if any) prior knowledge of financial markets, this book was like having a face-to-face tutor. Velshi's explanations are an easy read, and I didn't need a dictionary or business degree to understand anything that he wrote. Also extremely helpful were the risk-tolerance questionnaire as well as the pie charts showing how my investments are divvied up. He was very straight-forward in his brief history of the financial crisis and how we got into it, and his analogies brought it all home for me. Definitely one of the best holiday gifts I received this year!

11 of 13 people found the following review helpful

2.0 out of 5 stars I was hoping more December 27, 2008

By W. Nino

Format:Paperback

Given the fact this book is coming from a well known business journalist I was expecting a full explanation about investing in this difficult economic times; what I found was a primer that have some usefulness for the general public but he does not address how to deal with debt which is the firs step to be financially healthy. I found disappointing that Mr Velshi considers mortgage a "good debt" in a time when a good proportion of homeowners are "underwater" however he insists the home values keep raising as if this book was written before the housing bubble.
Finally explanation of portfolios are quite simplistic and may misguide people as things are way more complex.