Negative Positive
Title: Bad Advice from an Investment Adviser
Review: Though Edelman has some good advice about building wealth, this pre-recession book (published in 2001), is way to optimistic about financial trends. The biggest issues I had with the book are that Edelman encourages people to get as large a mortgage as they can and then invest the money they do not put into the house. When giving his examples he uses a 12% annual investment return (you read that right - 12%). The payment of debt is guaranteed, while investment returns have inherent risk and are seldom guaranteed outside of low interest debt instruments (which still have default risk). He also does little to help people prepare for job loss. These two issues have come to the forefront since the recession and housing bubble, but they have been risks forever. For Edelman to treat these topics so optimistically is just bad advice.
Is the review positive or negative? 