The Only Investment Guide You'll Ever Need - Softcover

Tobias, Andrew

3.91

4,312 ratings by Goodreads

9780156011075: The Only Investment Guide You'll Ever Need

Softcover

ISBN 10: 0156011077 ISBN 13: 9780156011075

Publisher: Harvest Books, 2002

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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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Review:

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

About the Author:

Andrew Tobias is the award-winning author of several bestselling books and software programs including My Vast Fortune and Managing Your Money. A frequent contributor to Parade and Worth, he serves as Treasurer of the Democratic Party.

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