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.
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.
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.
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.
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.
He provides very sound general financial advice to millions..., for FREE!
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.
Yeah, his advice is basically to DIVERSIFY.
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