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Rescue Your Money: Your Personal Investment Recovery Plan Paperback – March 10, 2009
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More About the Author
Ric's bestselling books include The Truth About Retirement Plans and IRAs; The Truth About Money; Ordinary People, Extraordinary Wealth and The New Rules of Money. His firm, Edelman Financial Services LLC, serves individuals and families across America.
Visit Ric online at RicEdelman.com.
Follow Ric on Twitter: @RicEdelman
Like him on Facebook: www.facebook.com/RicEdelman.
*Ric Edelman, Chairman and CEO of Edelman Financial Services LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through EFS and is a Registered Principal of and offers securities through SMH. Advisory Services offered through Edelman Financial Services LLC. Securities offered through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Top Customer Reviews
Edelman makes it clear that diversification and the ability to maintain a long-term investment approach are essential in today's market (easier said then done, I know). Also, I never really thought about how beneficial (and essential) rebalancing your investment portfolio is until I read this book.
What I found reassuring was the extent of the historical information provided through clever use of charts and graphs...Edelman makes a strong case for staying the course by reminding us that this is not the first time the market has experienced such turmoil and most likely won't be the last. I am now more confident now that financial prosperity is likely to return (but when?!?!). I'll keep this pocket guide close and re-read it should I get an urge to change my investment approach or cash out simply out of fear that the market will never rebound. Definitely a valuable read for investors of all ages.
Really, I bought this book for my wife as much as myself. She's more jittery and worried than I am, and will be comforted by this sensible advice! Buy this book and rebalance!
The author also states that many want to beat the market. But who really cares? When you achieve your financial goal, does it really matter that you beat the market 20 years ago?
This is a short book, but it gives valuable advice. It can probably be read in one sitting.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Here are some highlights and questions:
- It was the single best presentation of both risk and the importance of diversification I have ever read.
- I didn't know that the average mutual fund fares better than the average stock. Not sure I believe it. No explanation of how the data was constituted. Hmm. His company uses Dimensional Fund Advisors. I thought they followed the math about index funds as taught at IFA.com which would disagree. (There is some connection between the two, IFA and DFA. I think one is theoretical, the other practical.)
- He explained why he avoids all individual stocks and also all regular mutual funds. But I wish he would explain more about his strategy as to why he doesn't even mention index funds. Perhaps the institutional shares and the ETFs he uses are very broadly diversified.
- I didn't know I could access Institutional shares; through his practice I can. I'll consider it but he says others use the same DFA group, too.
- Odd: He talks about rebalancing a portfolio when it gets only 2 percent away from what someone thinks is "perfect." That's crazy talk unless you don't have any trading fees. Maybe exchanges between the DFA accounts are free? Don't know and it wasn't explained.
- He didn't even mention rebalancing with new money (from one's ongoing employment salary). Perhaps he forgot that some people aren't retired yet? This is standard advice for anyone who regularly contributes to their savings with new money in order to avoid incurring fees and also creating taxable events.Read more ›
Most Recent Customer Reviews
I just love Ric Edelman's books! I have them all, and yes! I do listen to his radio show! I have purchased each of my 3 son's Ric's book "The Truth About Money" as a... Read morePublished 8 months ago by YiPease
Ric Edelman knows his business, as a retired individual, I needed to know the facts Mr. Edelman could impart to me. Read morePublished 10 months ago by Stanley P Stein
A faster and more concise read than some of his others. Led me to reread one of his books I previously bought. Read morePublished 23 months ago by Julie H
Arrived quickly. The book was much smaller than I though it would be. Ric is certainly very knowledgible, however some of his conclusion surprising.Published on October 7, 2013 by Michael J
Great read. Very informative. Less of an advertisement than what I thought it will be. Well worth the few bucks for a starter.Published on September 24, 2013 by John Brown
The content is all here in this little book . Every idea covered is easy to understand and makes good common sense. Read morePublished on September 10, 2013 by Bob Wolter