The Only Investment Guide You'll Ever Need |  | Publisher: Bantam Books
Category: Book
This item is no longer available
Avg. Customer Rating:  103 reviews
Sales Rank: 6514029
Media: Paperback
ISBN: 9993981087
EAN: 9789993981084
ASIN: 9993981087
Publication Date: July 1989
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Amazon.com
Personal-finance guru Andrew Tobias slams online trading and praises the Roth IRA in his newly revised The Only Investment Guide You'll Ever Need. This investment bible remains as stimulating and meaningful as it was when it was first published 20 years ago. It's packed with ideas about stocks, living beneath your means, tax planning, retirement, and just about everything else in the financial world. And all of it is presented with Tobias's trademark brevity and ingenuity. Last revised in 1995, the guide takes aim at a new game in town--online trading. By all means, use the Internet for buying a car or for research, Tobias says. But avoid cyberspace brokers, he says. Point and click enough and you will get slaughtered by commissions, spreads, taxes, and human nature. "It's so easy to click 'OK' a few times and make a $10,000 bet," he warns. "Look how mesmerized we become on a stool in front of a slot machine. Internet investing positively teases you to play." Tobias's favorite new entry is the Roth IRA, which allows you to withdraw your money tax-free when you retire. It's far better than a traditional IRA, he asserts. "Save yourself the trouble of agonizing over the choice and go with the Roth IRA," he writes. "Forget the worksheets." Sometimes caustic and always a skeptic, Tobias believes readers can shape their own financial futures. Just stick to the basics, he says. "By and large, you should manage your own money, via no-load mutual funds," he writes. "No one is going to care about it as much as you." It doesn't matter if it's 1978, 1998, or even 2008. The Only Investment Guide You'll Ever Need still is exactly that. Some things never change. --Dan Ring
Product Description
For readers who are wondering how new tax laws might affect their own personal investments, or how to trade on the stock market with a broker or on their own with a computer, or how to set up a college fund mindful of state regulations, or countless other personal finance questions, it's time to turn to Andrew Tobias and The Only Investment Guide You'll Ever Need. For more than twenty years this book has been America's bible for personal money management. Now it is even more indispensable. Fully updated to cover new legislation, and expanded to include the Internet world, America's favorite finance guide covers every aspect of investing and answers every question about managing money smartly and safely. Concise, witty, and truly understandable, this book offers the best personal finance information for every income level.
Includes:
-- How to save by spending more wisely
-- When to invest in stocks, and when not to
-- Tax strategies for everything, from IRAs to charitable contributions
-- How to set up college funds
-- What does life insurance really do?
-- Is real estate wise?
-- What to do with that big inheritance
and much, much more.
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| Customer Reviews: Read 98 more reviews...
 Outstanding Basic Reference July 2, 2008
1 out of 1 found this review helpful
It is funny how several reviewers criticize the author's recommendation to "not lose money", while that is the number one rule from the richest person on the planet, Warren Buffett.
They miss the fact that there is more to that statement that its simple basic message.
I too have read a number of investment books and I found this one to shine above the rest for a simple reason: It covers a wide range of basic investment options, without equivocating, and goes into just enough detail to explain the investment without bogging down the reader with unnecessary details. If the reader wants more info, they can certainly continue researching.
I really like the fact that the author gives definite thumbs-up or thumbs-down to certain investment vehicles (and gives good reasons why), where other advisors hem and haw about even the most ridiculous ideas such as annuities.
Some reviewers claim this book is for beginners while others say that it's NOT for amateurs. I think it requires some basic knowledge but overall is a great reference and guide to get the average investor on track to a good solid foundation in investing and well on their way to a respectable portfolio. Any expectations beyond that are totally misguided.
 True to its title June 22, 2008
I found this book very readable and full of excellent information. Although not all the latest vehicles are included, the information is useful for the typical investor. It is easy to read and understand by the beginning investor.
A solid book June 2, 2008
This is a good read for those of us looking to improve our financial health and know only a little about investing. No magic solutions here: save money and invest wisely. But what does investing wisely mean exactly? Read this book for more. The author reviews concepts we know about the benefits of compound interest and the wisdom of index funds, and he does this by using his own stories to make this dry subject a bit more fun. The version I read didn't have a section on ETFs so you'll have to look elsewhere for that information.
Best Personal Finance Book I've Read So Far April 28, 2008
1 out of 1 found this review helpful
I'll admit it. I'm pretty much a cynic. I've read a few finance books, and they often make me feel more daunted. Everyone comes across as all-knowing, that their advice is the best. The thing that makes this book different than many of the others, is because (as I believe he says in the intro) other books tell you how to play the game, but not whether or not you should be playing it at all. In this book, Tobias gives you perspective as to what kinds of investments you should be making, if at all. I really appreciate that aspect of the book. He really takes a birds-eye view of investing and personal finance. It was so good I thought I would buy a few copies and give them to my family and friends. This is the first review I've ever written on Amazon, and wouldn't spend my time otherwise, but it's a first-rate book. I wish he wrote some more books that followed up on this to go into more detail on related topics. I felt like I could trust his advice, which perhaps sounds dangerous, but at least that's how I felt. Great book, hope you learn something form it if you purchase it.
The Only Investment Guide You'll Ever Need April 20, 2008
Great book to have on the shelf as a reference. Easy to understand and full of pertinent information. My daughter will graduate from college next month and she will receive a copy of this book as a graduation present.
rich berman
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