Customer Reviews

Rescue Your Money: Your Personal Investment Recovery Plan

5 star:		(10)
4 star:		(3)
3 star:		(0)
2 star:		(1)
1 star:		(3)

 

 

Whereas Ric Edelman's earlier works, "The Truth About Money" and "The New Rules of Money" are outstanding, his lates book, "Rescue Your Money" is essentially an advertisement for his firm's advisory services. The book is unworthy at any price.

Now I'm not SO confused and scared about the current state of the economy and my investments. This book was a quick and easy read and has provided me with some peace of mind. The information provided is pretty much common sense and presented in a way that is easy to understand. Admittedly, I now realize that my "common sense" is sometimes overtaken by my emotions -- a direct result of the inescapable media hype surrounding this "hot" topic. (I never really thought about this influence until reading this.)

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.

I bought this book because I've been concerned in this current financial environment, I wanted to see how Ric's advice might have changed from previous books. I've read several of his books and am fortunate to listen to his radio show on Saturdays so I've certainly heard his wisdom over the past 13 years. I was pleased to find that his advice is the same as it has always been. A calm rational approach to your investments will continue to pay off. What worked in the boom also works in the bust.

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!

Ok, I've read this same material over and over... nothing new here... just a rehash of old, time-worn recommendations... The author obviously rushed this book to market to capitalize on turbulent economic conditions and frightened investors... overall, a waste of my time and money.

The author states that the secret to investing is "Buy Low and Sell High." Even though almost everyone has heard it before, investors still do the exact opposite. There is no better example than in 2008 and 2009 when many people sold because of fear, following the "Buy High and Sell Low" philosophy. The author backs up this point with solid data.

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

If you're looking for a good common sense book on what to do in the current economic environment, this is it. It's a simple read that I knocked out in one sitting, but I'm sure that I'll read through a few more times and use as a constant reference. Edelman's advice and common sense, easy to understand advice prompted me to follow up this purchase with two of this other books, "The Truth about Money" and "The Lies About Money". I now have more confidence that I have a chance to get through these hard economic times and am beginning to formulate a plan to have success in my family's financial future. It is a great way for people like me who don't spend their lives following the stock market could navigate its waters

I read this book in one sitting as advertised. It made investing seem very simple. All one needs to do after reading this book is have money to invest and then pick the right funds according to their circumstance, then follow the "Golden Rule" to Sell High and Buy Low.

If you know anything about investing skip this book. It was a complete waste of time. I have been investing for only a year and everything in this book I have heard before. If Borders had't gone out of business I would have begged for my $.99 back. Not worth it.

This was an easy read and excelent for new investors. It points out a lot of facts and gives you the tools to start managing your own money. It also explaines the cost of hidden manage fees of your IRA.

My first book by Edelman after listening to his radio show for a few months. Very straigt forward and easy to understand info. Worth the price and may buy some of his previous books too. Shared with my son-in-law who found it a real eye opener. A little bit more info about how to do-it-myself would have been nice, but still worth every penny. Read this soon and before changing any of your finances.