In my Christmas stocking this year, I received a copy of Ali Velshi's new book Gimme My Money Back. I haven't decided if this is my family's way of indulging my CNN habit or hinting that I need financial help.
Last weekend, you could get a preview of what is in the book by watching the one hour program called Gimme My Money Back hosted by Ali Velshi. Here are a few highlights from that program:
Ali talks about the book and specifically about an excerpt from Chapter 7 in this clip:
You can view the excerpt from the book here (requires Adobe Acrobat Reader).
After having read the book, here are a few of my thoughts:
- It is a 156 page paper back, which means that it’s a fairly quick read. (It took me one afternoon.)
- Unlike some of the other financial books that I've attempted to read- this one is interesting and informative. A good chunk of the book is spent explaining how the economy got into the mess that its currently in and building a foundation of knowledge about the market (stocks, bonds, ETFs, etc).
- Chapter 7 really is the “what’s in it for me?” chapter. The first six chapters provide you with the knowledge to use what you learn in this chapter.
- For me, the book answered a number of questions: Why diversify your portfolio? How do you use the information provided by mutual funds? What’s the difference between different types of funds?
The program Gimme My Money Back is scheduled to re-air on December 30st, 31st, and January 3rd & 4th. And in January, 2009, AliVelshi.com is scheduled to come online.