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WEDNESDAY, NOVEMBER 25, 2009
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Publishers Rush to Meet Need for Financial Advice

Bevy of new books strikes more somber, conservative tone

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(Newser) – Book publishers and sellers are rushing to meet demand for personal-finance titles as the unrelenting economic crisis combines with New Year’s resolutions to prompt consumers to seek professional advice, the Wall Street Journal reports. However, the thrown-together texts might not prove very helpful: Many authors fail to provide specifics and contradict their previous investment strategies and market forecasts.

On the plus side, books can present investment plans in an easy-to-digest format that readers can’t get from other media—or even in discussions with financial advisers. Experts suggest choosing bearish tomes and steering clear of gimmicks. “You can often recognize when a book is going to be the latest version of the grapefruit diet,” says one financial planner.

CNN financial correspondent Ali Velshi says he wrote
CNN financial correspondent Ali Velshi says he wrote "Gimme My Money Back: Your Guide to Beating the Financial Crisis" in roughly two weeks.   (Sterling & Ross Publishers)
In his new book, David Bach dishes out far more conservative advice on down payments than he did in 2005's
In his new book, David Bach dishes out far more conservative advice on down payments than he did in 2005's "Start Late, Finish Rich."   (Broadway Books/Random House)
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We are scrambling to get books on 401(k)s, books on how to best manage your money."
- Drew Nederpelt, publisher of Sterling & Ross, New York, which plans to release six or seven personal-finance titles this year

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boom
Jan 20, 09 11:03 PM CST
Hahahahahahaha! Oh, sigh. That was funny. Reply
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