The lies about money : why you need to own the portfolio of the future / Ric Edelman.

Includes bibliographical references and index.

The most proven, successful investment strategy there is -- The academics behind the strategy -- Why you should use mutual funds -- The demise of the retail mutual fund industry -- How to beat the retail mutual fund industry at its own game -- The greatest invention since mutual funds -- Creating the investment portfolio that's right for you -- Three important insights to insure your investment success -- Applying this strategy to your employer retirement plan -- Applying this strategy when saving for college -- Applying this strategy when investing for income -- Three more important insights to insure your investment success -- Implementing this strategy with life insurance -- Implementing this strategy with variable annuities -- Should you adjust your portfolio because Baby Boomers are retiring? -- Epilogue : lessons learned. Applying this strategy when investing for income -- Three more important insights to insure your investment success -- Implementing this strategy with life insurance -- Implementing this strategy with variable annuities -- Should you adjust your portfolio because Baby Boomers are retiring? -- Epilogue : lessons learned.

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!