The Only Investment Guide You’ll Ever Need
Buy The Only Investment Guide You’ll Ever Need at Amazon
Amazon.com 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
–This text refers to an out of print or unavailable edition of this title.
From Library Journal
You’ve probably got the original it was a million-copy best seller so here’s a revised version covering new laws and the joys of the Internet.
Copyright 2001 Reed Business Information, Inc.
–This text refers to the
Paperback
edition.
Buy The Only Investment Guide You’ll Ever Need at Amazon
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Filed under: Worth While Investment
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This is a good book. Tobias’ main point is that you need to start saving 10% of your income, and he also gives advice on ways to cut costs and where you can put your money. I’ve read a lot of investing books and some of what he said was not new to me. However, I did learn some new things. Some parts of the book that I found helpful were Chapter 5 which explains Treasuries (bills, notes, and bonds). I also liked his advice in Chapter 10 about what to do if you fall into a large sum of money (Lottery or inheritance). There are also some useful resources in the appendices in the back of the book such as contact info for discount brokers, mutual funds, a compound interest chart, and finally a quick summary of his main point (save 10% of your income). I gave the book four stars instead of five because I don’t agree with ALL of his advice, for example I do not believe in purchasing rental properties (too big of a headache), and I think that home equity loans are a BAD idea. Other than that, a great book.
Andrew Tobias weaves through the dizzy world of T-bills, municipal bonds, alternative minimum taxes, and a host of esoteric personal finance topics. But the bottom line he preaches is simple: be happy living on less than you make, and save the rest in safe no load mutual funds, diversifying between domestic and international stocks. Tobias tries to assure most of us average Joes that we are a fool if we think we can outsmart the Warren Buffetts of the world, so don’t go crazy speculating on individual stocks. At best, you will make a broker happy. At worst, you will lose your shirt. There now – I just saved you $14 you can add to your no load mutual fund account (lol).
The book contains a wealth (hah!) of simple, sensible, wealth-building strategies. Perhaps even more important, it contains a wealth of simple, sensible, loss-avoidance strategies. And all of it is presented in an easy-to-read style, with humorous, self-deprecating stories that both enlighten and enliven. This is a seriously witty book!
Four points in particular that impressed me:
Tobias lists several kinds of investments that are so complex and have such a poor performance record that the only thing that most people need to know about them is that they should be avoided. That is very useful advice! Instead of wasting your time trying to become an expert in areas where even the experts lose money, you can spend your time more profitably in some other area.
Tobias examines the impact that taxes have on wealth-accumulation and proposes some simple strategies to avoid or minimize that impact, including IRA and 401(k) plans. That is very useful advice. Paying less taxes = accumulating more wealth.
Tobias discusses the effect that interest charges have and proposes some very simple strategies to avoid those too. That is also very useful advice. Paying less interest = accumulating more wealth.
Finally, regarding specific investments, Tobias provides some basic, common-sense strategies here, too. Tobias addresses some basic asset allocation issues, pointing out that some investments are very risky on a short-term basis, and it doesn’t make sense to put short-term money in a risky investment. Tobias lists a few places where your short-term money will be safe. As for your long-term money, Tobias makes the common sense observation that investment returns cannot be predicted from year to year, but investment costs can be predicted. That being the case, it makes sense to choose low-cost investments, and Tobias lists some recommendations. That is also very good advice. Paying lower investment fees = accumulating more wealth.
In short it is possible — and now, more than ever, it’s necessary! — for people to improve their financial position. This book helps show the average person how to accomplish that.
You need to hire a professional company to do that kind of stuff. It needs to be engineered and stamped to pass code. If you still want to install it anyway, look it up in your provincial or state building code. Even then they can be vague because you are specially trained and have a special more detailed building code according to division.
yup. You'll always be #1
There came a point when we did so, seriously
Mubadala Aerospace, an arm of Abu Dhabi’s state investment company, on Wednesday announced a move into component and engine financing as it seeks to establish a global aviation centre in the Gulf emirate
this movie is so fricking sad. i cry everytime i see it
Death is the natural result of sin… In the sacrifice of animals sin and the curse of death for sin was symbolicly passed on to a pure and innocent animal. Then the animal took the sin with it into death to erase it. This was a forshadow of how God would take on all the sins of humanity and sacrifice His very self to erradicate sin for those with repentant hearts. But since death cannot hold God, the sacrifice becomes eternal. We just need to put our faith in Him. There is no longer a need for blood sacrifices, because God has made the Law complete on earth.
I believe Stanley Kubrick used it as a location for the exteriors at the end of Full Metal Jacket, but that was 20 years ago. Since then I've heard nowtus troutus about it
tGwiAligYht
this song is the bomb….it ROCKS!!!
This song is so beautiful. I get chills from listening to it!
subtitle: musings in the middle of a sleepless night *Baby daddy* and *BFF* Baby daddy first: What in the world ever happened to possessive pronouns???? Anybody?? Bueller? Bueller? “Baby daddy” is an infant father, i.e. an (impossible) oxymoron. Baby*_’s_* daddy – or, even better, given…
nice work on this video!
the song is so beautiful
If you are thinking about doing business with someone it is always important to protect yourself. One way to make certain you are doing all you can to protect your investment is to have a complete financial picture of the person or business you are dealing with. You can find out if someone [...]
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It can't possibly do any harm.
We're brainwashed into taking all manner of drugs for this condition which are potentially far more harmful than any alternative therapy, and convinced by the powers that be that alternative remedies are no good.
Try everything and decide for yourself what works. That's the only way.
Good Luck and be sure to let us know how you got on.
Lee-Anne
http://MentalHealthMadeEasy.com
There still open. Went there last week to get some tiles.
RT RT scraping wallpaper border off of walls sucks. note to self: no more wallpaper EVER AGAIN.
another spam session on mari’s
The Black Water River Scuba Diver’s Guide To Identification Of Fossil Shark Teeth, Fossils And Early Man Spear Points. Guide Is A 39 Page Downloadable,
RT GrasmereSch has two weeks holiday atEaster & break up tomorrow,you'll be able to park in the school yard for small donation.
Between fees for permits and cooking equipment, you're looking at an initial investment of at least $1,000.so keep that in mind if you're on a tight budget. Here is how to start your own dessert catering company.
Step 1) Call your local Health Department to check up on regulations. You will more than likely need to get a series of permits, insurance and inspection certificates.
Step 2) Decide if you want to provide chef services (also known as in-home catering) or if you want to start a larger business, in which case you will need to rent an industrial kitchen.
Step 3) Plan a menu, paying special attention to what type of food you plan to offer and what type of food is off limits. Dishes that require exotic ingredients or are complex may not be the best option at the beginning of your business.
Step 4) Consider taking a few classes or workshops to learn about food trends and exotic meals before you start. Or invest in a business management class so you learn what's involved in managing your own business.
Step 5) Contact the National Association of Catering Executives to learn more about the business, get ongoing support and connect with other professionals in the business.
A Credit/Fraud Officer is required for an investment bank located in the City of London.
The Credit/Fraud Officer is to act as a direct relationship with collection agencies, legal firms and escalated Customer Service cases. The Credit/Fraud ….