The Lies About Money: Why You Need to Own the Portfolio of the Future

Consumers love Ric's unconventional yet common-sense approach to investing and personal finance. He revealed how everyday Americans achieve financial security in the #1 New York Times bestseller Ordinary People, Extraordinary Wealth. His first bestselling book, the personal financial classic The Truth About Money, was named Book of the Year. Now, Ric reveals the deceptive and manipulative business practices occurring in your retail mutual funds -- practices that are causing you to suffer higher fees, greater risks, and lower returns than you realize. In The Lies About Money, Ric's provocative new work, he offers you a detailed yet easy-to-follow plan that lets you take back control of your investments -- and your financial future.

Ric's unparalleled ability to explain complex financial concepts in a fun and entertaining way resonates with readers. In this book -- his first in more than five years -- he shares his most valuable lessons gained through two decades of working directly with individuals and families. He reveals the lies that have infiltrated your retail mutual funds and retirement accounts, and teaches you how to invest your money in your employer retirement plan, how to save for college, and for those who are retired, how to generate more income without sacrificing security. He shows you that proper money management has nothing to do with "hot tips" and everything to do with scientific analysis, bolstered by solid academic research and historical data. Ric explains exactly how the mutual fund scandal has caused him to change the way he manages his own money and the money entrusted to his firm by thousands of clients nationwide. Along the way, Ric shows you the secrets to investment success -- a long-term focus, the importance of diversification, and the crucial need for (and methods of) portfolio rebalancing.

And the book doesn't stop there -- it will actually help you build an investment portfolio, one designed specifically around your needs. The book features a 24-page color insert containing 43 portfolio models, each based on the Edelman Managed Asset Program, one of the largest and fastest-growing money management programs in the country. Ric's fun, interactive Guide to Portfolio Selection¨ will lead you on a fascinating journey through the book's pages, taking you to the portfolio that's right for you!

With insight and strategies that will change people's lives, The Lies About Money offers the truth that everyone is looking for.

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

The Lies about Money, 2009-01-08
Very well worth the read . This books contains a wealth of information. . You'll find straight forward portfolio designs and you'll learn not to make the mistakes that so many people make time and time again.


1 of 1 people found the following review helpful:

Huge ado about nothing, 2008-12-18
Well, since all the interviews and huge sales of this book, I've now heard all the new ads.
I think that Ric is pretty phony and just trying to get new customers.

This entire book can be summed up to say that no one involved in the entire mutual fund industry should make any money, except for Ric.

The amount of fees involved in a mutual fund with minimal or no "load" vs the "exchange traded funds" is almost nothing. I care far more about paying a fund manager who works his butt off and will make me some money. Why doesn't a fund manager deserve to make an income?

Ric presents himself as being brilliant and thinking outside the box to come up with this book and the rant against everyone else. Bull.



0 of 0 people found the following review helpful:

The Light at the End of the Tunnel Isn't a Train, 2008-11-23
I am writing this review because, the review I wrote preceding this one (The Little Book of Bull Moves in Bear Markets - Peter Schiff) was overwhelmingly bleak in context.
Mr. Edelman offers hope to us all. Start big or small, but start. Invest for the long-run. Don't jump in and out of the market (timing doesn't work). And [Spoiler Alert!] the big secret to pile up good returns over time is to: 1) minimize portfolio costs, i.e. management fees, and 2) utilize ETFs rather than mutual funds.
A fun segment of the book includes the mutual fund scandal timeline where you get a thumbnail sketch of those shenanigans.


1 of 1 people found the following review helpful:

Good, simple explanation of things to watch out for, 2008-09-25
Though maybe a tad longer than it could have been, Ric Edelman does a good job of discussing the perils of mutual funds and what to look out for when investing. He makes occasional arguments for hiring financial advisers, but always states that he is not trying to make a case for hiring him. His sections are short, simple, easy to read and provide a relatively straightforward explanation of the topics. There's a whole theory section on assessing risk that was probably unnecessary, but he warns readers that they are free to skip it. There's an enormous section that is simply a day-by-day timeline of mutual fund scandals that is incredibly tedious and makes its point three pages in (so the other 20 or so are just a waste of paper). Pick it up and read it on a plane, you'll finish quickly and have learned a thing or two.


2 of 2 people found the following review helpful:

A great way to save money--don't buy it., 2008-09-07
This book is largely self-serving. The author shows how hard it is for ordinary people to invest wisely, so that they need investment advisors like him.

His advice to have a wide diversity of investments is contrary to Warren Buffet's technique: own a small amount of investments and study them carefully.

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