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Seeking Opinions About Rick Edelman (Stock Market Radio Guy)
Self | August 22, 2011 | PJ-Comix

Posted on 08/21/2011 9:00:23 PM PDT by PJ-Comix

Okay, I am seeking input as to your opinions of financial advice radio guru Rick Edelman. At first the guy annoyed the hell out of me. I thought his advice on the stock market was over the top pollyannish. However, I subsequently heard him interviewed by another radio guy on WIOD. Suddenly Edelman seemed to be making a lot more sense. Now I am listening to his show with renewed interest and incredible respect for the depth of this guy's knowledge.

So what is your opinion of Rick Edelman and his stock market advice? I just wanted to know if my strange new respect for Edelman is justified.


TOPICS: Business/Economy
KEYWORDS: rickedelman
I am looking forward to what your input is on the topic of Rick Edelman.
1 posted on 08/21/2011 9:00:27 PM PDT by PJ-Comix
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To: PJ-Comix

I’m not sure how I feel about Edelman. I enjoyed his book on basic finance, that was forwarded by Cal Thomas (who I do trust). I learned a lot either way. Edelman was very clear about keeping your money out of your house, so that you had liquid assets, no matter what happens to the housing market. Of course this was before the housing meltdown.


2 posted on 08/21/2011 9:07:43 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: PJ-Comix
I thought his advice on the stock market was over the top pollyannish.

I think he sometimes is unless you are young enough to invest for the long term.

He is one of the few to say some things I really like. About tax-deferred investments, for instance. Tax-deferred investments are based on the idea that you will be in a lower tax bracket in retirement then while still working. Edelman points out that you can't know if that will be so.

I think he's worth listening to if only because he doesn't just repeat what everyone else is saying.

3 posted on 08/21/2011 9:20:31 PM PDT by decimon
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To: PJ-Comix

He’s highly respected in the DC area. He’s known as someone who can help a successful individual handle income, plan for retirement, manage investments, etc. Edelman is (quietly) very generous with the wealth he has earned. He seems to be a truly good guy. His company with its various offices is trusted.

I stopped listening to his show as all of his advice seems aimed at people who have accumulated huge resources after a successful career. He had nothing to say to people who were struggling, no words of hope and help for anybody trying to deal with the hard problems of real life in this economy. At least Dave Ramsay is willing to help the stupid, sick, and unlucky. That probably just sounds like sour grapes on my part—and it is—but there’s no point listening to call after call when people say, “Rick, I have five kajillion dollars in my IRA and nine banillion in real estate investments, my annual income is in seven figures and I just can’t figure out how to spend it all. Can you help me?” In other words, none of that has any application to my life. So while he’s charming, he seems to have more to say to folks who have already made all the right choices in life. If you are a high-net-worth individual or have extensive resources, he might be an ideal guide for you.

Alternately, I can recommend a fellow Freeper who provides excellent investment advice as well. He has done wonderful work for his clients. PM me for his FR handle. He’s very good.


4 posted on 08/21/2011 9:53:25 PM PDT by ottbmare (off-the-track Thoroughbred mare)
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To: ottbmare
He might come across that way on the radio, but he has one of the lowest brackets for net worth of the individual you'll find.

I don't think he has a limit, maybe 50k in investments. Which is incredibly low. His average investor's net worth is less than a Mil. Which is small compared to others.

5 posted on 08/21/2011 10:14:23 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: PJ-Comix
Am I an “Edelman Follower” ?... No. That said, I listen to his programs occasionally and find very little of his advice which I disagree with for his general audience.

He provides very sound general financial advice to millions..., for FREE!

6 posted on 08/21/2011 10:36:34 PM PDT by ExSES (the "bottom-line")
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To: PJ-Comix

He is more of a personal finance generalist; and I think he is great at it. I’ve never heard him advise on actual stocks in the market to own.


7 posted on 08/22/2011 3:59:31 AM PDT by joelt
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To: joelt

Yeah, his advice is basically to DIVERSIFY.


8 posted on 08/22/2011 5:24:42 AM PDT by PJ-Comix (aka Big Daddy Goo-Goo)
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To: PJ-Comix
His financial advice seems like good common sense. His ad on the radio leaves me wondering, though. He gives his web address several times, but then ends it with a different sounding web address that he doesn't spell out (it sounds something like “rye stellman dot com”) That doesn't make very good use of air time.
9 posted on 08/22/2011 5:33:55 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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