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Rescue Your Money: Your Personal Investment Recovery Plan
New York Times bestselling author and investment guru Ric Edelman offers no-nonsense, practical advice for how to keep your investments safe no matter what the economic climate. With a cheerful tone that will boost even the most panicked investor's spirit, Edelman reveals the best investments you can make right now.
If you're scared or confused about how to handle your investments and fed up with “advice” from brokers, advisors, and media darlings that has cost you huge sums and placed your financial security at risk, the cure is in your hands.
Ric Edelman, an award-winning advisor with more than two decades of experience, reveals the one investment goal you should have, the two obstacles you'll face, and why you've been failing with your investment strategies. Above all, he shares the secret to successful investing—and even includes a special section for those who are already retired.
-Rescue yourself from the pain of watching your life savings go down the drain.
-Regain the confidence that your investments can provide you with lifelong financial security and prosperity.
-Get a great night's sleep by not having to lie awake worrying about your investments.
If you're scared or confused about how to handle your investments and fed up with “advice” from brokers, advisors, and media darlings that has cost you huge sums and placed your financial security at risk, the cure is in your hands.
Ric Edelman, an award-winning advisor with more than two decades of experience, reveals the one investment goal you should have, the two obstacles you'll face, and why you've been failing with your investment strategies. Above all, he shares the secret to successful investing—and even includes a special section for those who are already retired.
-Rescue yourself from the pain of watching your life savings go down the drain.
-Regain the confidence that your investments can provide you with lifelong financial security and prosperity.
-Get a great night's sleep by not having to lie awake worrying about your investments.
192 pages, Paperback
First published January 1, 2009
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Displaying 1 - 30 of 33 reviews
July 25, 2009
thin book rushed out to take advantage of the interest/attention generated by the market collapse of '08 and early '09. It's padded with many charts illustrating various well-known points (market volatility is reduced if you look at longer time horizons, market timing is risky because an inordinate proportion of gains in the market occur on a small number of huge-upswing days).
lots of sound, if common, advice -- diversify, buy and hold, keep an eye on fees, think long-term, be aware that inflation and taxes erode the seeming safety of investments with low upside (e.g., CD's).
A few of the tweaks (monitor constantly so you can rebalance whenever one asset class is becoming too large or small a % of your investments; buy exchange-traded funds or institutional funds rather than regular retail mutual funds, so you can minimize fees and the tax hits that come from regular fund managers trading too much) are too much trouble for the ordinary investor, or at least for me, and thus lend themselves to the invitation to send your money to the author's firm for handling, which gives the last part of the book the feel of an ad.
One other minor quibble -- books/articles like this advising you to roll with the downturns because things always pan out over 15 or 20-year spans are ok from the standpoint of retirement savings I guess, although they imply the wisdom of pulling back to a more conservative portfolio a longer time before retirement than I think a lot of people realize. But for the other major (my other major, anyway) investment goal of children's college education, 15 or 20 years is the entire time you're doing the saving/investing. Therefore, a lot of the time that you're saving will occur during a relatively short window before you need the money, and these reassurances aren't reassuring, as everyone sending a kid to college now, or last year, or in the next couple years knows.
lots of sound, if common, advice -- diversify, buy and hold, keep an eye on fees, think long-term, be aware that inflation and taxes erode the seeming safety of investments with low upside (e.g., CD's).
A few of the tweaks (monitor constantly so you can rebalance whenever one asset class is becoming too large or small a % of your investments; buy exchange-traded funds or institutional funds rather than regular retail mutual funds, so you can minimize fees and the tax hits that come from regular fund managers trading too much) are too much trouble for the ordinary investor, or at least for me, and thus lend themselves to the invitation to send your money to the author's firm for handling, which gives the last part of the book the feel of an ad.
One other minor quibble -- books/articles like this advising you to roll with the downturns because things always pan out over 15 or 20-year spans are ok from the standpoint of retirement savings I guess, although they imply the wisdom of pulling back to a more conservative portfolio a longer time before retirement than I think a lot of people realize. But for the other major (my other major, anyway) investment goal of children's college education, 15 or 20 years is the entire time you're doing the saving/investing. Therefore, a lot of the time that you're saving will occur during a relatively short window before you need the money, and these reassurances aren't reassuring, as everyone sending a kid to college now, or last year, or in the next couple years knows.
September 16, 2016
This is very light on content. It is mainly a repeat of his earlier book The Lies About Money without the depth.
September 20, 2017
Not much meat in the book but it did have a few good tips - buy low sell high, diversify and stay in the market. Your welcome.
December 30, 2017
A gift from my dad, I read this one in one sitting. Edelman's theory is pretty standard and nothing that most personal finance writers wouldn't agree with. His main point is to buy low and sell high. He claims you should do that, not by following the market, but by rebalancing based on percentages (if your portfolio strategy is 40-20-10-10-10-10 and the market pushes it to 60-20-10-0-0-10, you should rebalance back to your original strategy). He gives nods to not listening to the media, taking into account inflation, not buying/selling based on the market and he emphasizes that you need to be in it for the long haul to get a 10% average from the market.
Honestly the most entertaining part of the book was how many pages it felt like the author was required to take up. Kinda like when in school you double space your pages and have quite a few blank pages. . . .lots of charts too.
Honestly the most entertaining part of the book was how many pages it felt like the author was required to take up. Kinda like when in school you double space your pages and have quite a few blank pages. . . .lots of charts too.
April 22, 2020
From my age old experience in life, the two things that hurt more than death ARE losing your true love and hard earned money, thankfully my love life is not a wreck like with my money, especially when I ventured into binary options, I got hit bad after a few months of business and at first I felt like I was being frozen out or a technical error then it turned out it was all a scam. I read referral about regalrefunder at gmail dot com and I needed to give it a try, I wasn’t too serious about it until I actually got a reply and we worked things out, absolutely sane and no upfront brouhaha, I really though I was the biggest fool until I got mine back from them, it feels better to be in control of mine again
July 21, 2018
The knowledge and skills of an award-winning advisor with 3 decades of experience. Truly will help to rescue you from the pain of bad investment decisions, regain the confidence with a proven strategy and finally get a good night's sleep. Karen Briscoe, author and podcast host "5 Minute Success"
July 28, 2018
You can read this small book in one reading so it’s not a comprehensive look at investing your money. However, it’s a quick, easy to digest summary. I learned a couple new things so it’s not a bad book, but it feels like the cliff notes to all his other books he plugs in this one.
February 8, 2017
Ric manages my money. His firm is trustworthy and I have done well with their guidance. I recommend this book to anyone who needs to know how to invest and save for retirement.
August 25, 2017
Very readable, but very little content. The information in this book could be condensed into 5 pages. It contains numerous poorly constructed charts that do not serve much purpose.
August 30, 2018
Great examples, historical data, and to the point.
February 20, 2019
Quick informative book about diversifying your investments. Very understandable, actionable information.
April 24, 2019
This is a good first book for those who are new to investing and financial markets.
September 5, 2019
Great information for such a short book
November 15, 2019
Pretty no nonsense. Great research of how you can’t time the market consistently. Ever. Good to pop that myth.
March 28, 2020
i liked it, agree with other reviews here
September 10, 2020
Short easy read. Book can be summed up in two words: diversify and rebalance. That’s about it, not a lot of substance. Truth about money is a better read.
February 16, 2021
For anyone that doesn’t understand investing this book is one of many good books to get started on.
July 2, 2021
Extremely practical and common sense advice that very few are able to follow. Setting up your initial implementation plan is time consuming, but maintaining it will be straightforward.
December 25, 2014
This book is a valuable read for anyone investing in mutual funds or ETF's. Edleman is able to explain the principles of investing and diversifying one's portfolio as well as the importance of re-balancing. However, Edelman is a good salesman and he's done a great job in positioning himself. He has gotten plenty of exposure through his radio show, his books, and on TV. In this book, the sales pitch for a financial advisor is obvious and to use the specific fund companies (institutional funds) that he recommends, you need to go through his firm. So the book is largely self-serving. He does make a few good points: Think about meeting your long term financial goals instead of trying to beat the market; stay invested, and re-balance regularly.
August 13, 2013
A good, simple book of financial advice. It's a very useful tool, as is about everything I've seen from Edleman. If you're interested in finance and planning for your future at all, I recommend it.
If you're not, you're kinda crazy, or vastly wealthy already. Like, Bruce Wayne rich...
If you're not, you're kinda crazy, or vastly wealthy already. Like, Bruce Wayne rich...
August 6, 2016
It's too easy. That's why most don't do it!
He has been saying these truths for years. I think most people just need to do something with their investments and that's why they don't prosper. Follow this advice and you will succeed.
He has been saying these truths for years. I think most people just need to do something with their investments and that's why they don't prosper. Follow this advice and you will succeed.
April 17, 2009
Excellent! If investing scares you and you don't understand it, I would recommend this book. It is a VERY basic look at investing.
August 2, 2009
My son John gave me this book to read and learn how to invest our money...but I don't totally agree with this guy...if I had another 30 or more years to invest it would be different..
September 10, 2013
This is a good book. And it help convenes me to sign up for his services. I'm sure many of his clients have done the same.
December 15, 2012
great for a beginner, like me
April 1, 2014
Hm. A little light on actionable advice but full of common sense. Was hoping for more but I read this in an hour so it was worth the time investment.
April 14, 2014
A solid explanation of investing basics, but nothing revolutionary and certainly nothing you can't find on reputable financial blogs.
July 1, 2015
Good advice. A little dated as the examples were from 2008 and before. Pretty much confirmed what I have been taught in college and experience with my investments.
June 18, 2020
Sensible advice for investing.
September 17, 2016
Simple advice that may leave aggressive investors in disbelief.
Displaying 1 - 30 of 33 reviews