|
The Only Investment Guide You'll Ever Need |  | Author: Andrew Tobias
Publisher: Mariner Books
Category: Book
List Price: $14.00
Buy New: $0.24
as of 9/5/2010 06:21 CDT details
You Save: $13.76 (98%)
New (46) from $0.24
Seller: whypaymorebooks
Rating:  118 reviews
Sales Rank: 21901
Media: Paperback
Edition: 1
Pages: 312
Number Of Items: 1
Shipping Weight (lbs): 0.5
Dimensions (in): 7.9 x 5.2 x 0.8
ISBN: 0156029634
Dewey Decimal Number: 332.024
EAN: 9780156029636
ASIN: 0156029634
Publication Date: January 3, 2005
Availability: Usually ships in 1-2 business days
| |
| Features:
| | ISBN13: 9780156029636 | | | Condition: New | | | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
|
| Also Available In:
|
| Similar Items:
| |
| Editorial Reviews:
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
Product Description
For more than twenty-five years, The Only Investment Guide You'll Ever Need has been America's favorite finance guide, winning the allegiance of more than a million readers across the country. Now this indispensable book has been fully revised and updated-covering all the new tax laws-and reorganized with a new user-friendly design. Concise, witty, and truly understandable, Andrew Tobias shows you how to use your money to your best advantage-no matter how much or how little you have.
o How to spend smarter-and save $1,000 or more
o When to invest in stocks, and how
o The ins and outs of investing on the Internet
o Tax strategies, from tuition to retirement
o Whom-if anyone-you can trust to manage your money
and much, much more
How to spend smarter--and save $1,000 or more
When to invest in stocks, and how
The ins and outs of investing on the Internet
Tax strategies, from tuition to retirement
The basics of life insurance
Who--if anyone--you can trust to manage your money
The inside skinny on annuities, real estate, and Social Security
and much, much more
|
| Customer Reviews:
Showing reviews 1-5 of 118
 WORST BOOK EVER September 3, 2010
Chris (NJ, USA)
This book was terrible. PLEASE do not waste your money on it. Anything of value in this book, you probably know already. PLEASE, in these tough economic times, find a better book to spend your money on.
 Fades come and go but princples stay the same July 19, 2010
Magic Jack
You should already know the basics: never borrow money for depreciating assets, always spend less than you earn, plan and save for expected expenses, and invest for the future (i.e. retirement).
That's great but just how do you invest and in what?
There are many books, seminars, videos, radio shows, web sites, banks, brokers, news stories, etc. that all seem to have opinions on the latest hot new investments. Often these are simply combinations of older ideas in ways that are so complex you need someone else to manage it.
In "The Only Investment Guide You'll Ever Need", Andrew Tobias carefully takes you through a fresh view of the basics to help reinforce the reasons why they still work and why you need to stick with them. Then he covers a large variety of the different types of investment instruments, explaining what they are, how they work, and who they are for. Armed with this information you will be able to decide for yourself, which might be useful for you.
Although most of the book is timeless, I certainly will be keeping an eye out for the next edition. I originally ran across a much older edition which didn't have information on ROTH IRA's and actively searched for this book to have his updated insight on them.
engaging intro... July 5, 2010
dog-walker (Los Angeles, CA)
to investing... maybe outdated... but then... that's actually valuable... since the most important aspects of investing haven't changed in millennia.
Awesome book for beginners February 11, 2010
SamRJA
I bought this book with very little knowledge of various types of investments and lot of unsolisited advice on how i should handle my money coming from a million different directions. I don't like others telling me what to do with my money so i decided to educate myself on what is out there and what would work best for me. I have to say that this book is exactly what i was looking for. I like Mr. Tobias' writing style. It is easy to understand, and even the stuff that isn't he broke down so that all you have to do is read that section a few extra times and it all becomes clear. The dialog witty and entertaining while being educational. I find myself smiling about a book on investments! Who knew that was possible?
 Pays for itself with the first chapter February 5, 2010
Gregory McMahan (Tottori, Japan)
I decided to pick up this little gem of a book after reading John Train's The Craft of Investing for a third time. Mr. Tobias's book was cited in The Craft as recommended reading. Having enjoyed The Craft (and a few other books by Train), I took a lark and put this book on my reading list. After reading it twice, I can safely say that Mr. Tobias knows of what he speaks.
There are three principal demerits to the book. First, it seems that author went to Harvard (pronounced Hah-vuhd, for those in the know). Second, it appears that he studied business at Harvard. Third, it also appears that he graduated from Harvard. Ad hominem attacks aside (with regard to his studies at the Harvard Business School, Mr. Tobias engages in a fair bit of witty self-deprecation in the Preface of this fine little book), there's really nothing wrong per se with the book.
I am of the opinion that the book pays for itself with the first chapter. The key to investment success is the perspective one brings to bear on the activity. Other, more erudite folks have written on the difference between investment and speculation, formulating an investment policy, and investment strategy, but here, in this book, you have a very funny guy, writing in a down-to-earth fashion, telling you that it's not about choosing which game to play or how best to play the game- it's really about deciding whether or not you should be playing any of the games at all. That, in a nutshell is the heart of the book.
Of course, there is the usual investment advice and standard fare that any introductory investment text would include (which doesn't apply to me so I won't elaborate on it). This is the book that I would give to someone who knows absolutely nothing about investment, and that is in need of a sound and safe perspective to guide him or her.
I did find one little problem in the book, having to do with his example dealing with buying wine in bulk as opposed to buying it by the bottle. His calculation of the annual interest rate (APR) achieved by buying in bulk is almost correct (the actual interest rate works out to be about 3.6% per week; he implied an interest rate of 3.4% per week or an APR of 177% per year); he simply erred on the timing of the cash flows, given the way he posed the problem. That minor error aside, the example, as well as the greater text, serves as a wonderful reminder that the safest investment moves are usually the ones closest to the budding investor.
Showing reviews 1-5 of 118
|
| Worthwhile Reading | Myths and Realities about Working Longer
Alicia H. Munnell and Steven Sass. 2008. “Working Longer: The Solution to the Retirement Income Challenge.” Washington, DC: Brookings Institution Press.
For more information, contact Andrew Eschtruth at 617-552-1729 or eschtrut@bc.edu.
Myth: Given the growing retirement income challenge, people will have to work forever.
Reality: If individuals worked full time until at least 66, they could enjoy a long and financially secure retirement, with incomes one-third higher than if they retired at 62.
Myth: Older workers will choose to work longer on their own.
Reality: Most people retire as soon as benefits are available at age 62.
Myth: As baby boomers approach retirement, employers will embrace older workers.
Reality: Many employers are lukewarm toward retaining older workers due to concerns that they cost too much, lack current skills, and don’t plan to stick around long.
Myth: Employers will quickly change their tune in response to labor shortages.
Reality: Many employers with a high proportion of older workers are in declining industries. Others can tap global labor markets.
Myth: Older workers have little to offer employers.
Reality: Older workers often have advantages over younger workers — including higher productivity, better judgment, a stronger work ethic, and better people skills.
Myth: Phased retirement — shifting to part-time employment with a career employer — is the solution for keeping people in the workforce longer.
Reality: Many firms are reluctant to offer phased retirement due to concerns over which workers would be eligible, health insurance costs, and part-time schedules.
Myth: Most workers can work longer by remaining with their career employer.
Reality: Career employment is declining fast — only 44 percent of male workers age 58-62 are still with their age-50 employer, down from 70 percent two decades ago.
Myth: The working longer prescription is the answer for everyone.
Reality: While today’s older workers are generally healthier and better educated, up to a third could be hard pressed to work into their mid-60s due to poor health or job prospects.
Myth: Government cannot do much to encourage longer work lives.
Reality: Raising Social Securitys earliest eligibility age of 62 could push back the work-retirement divide by changing the mindset of both workers and employers.
Myth: Eliminating mandatory retirement removed a major barrier to working longer.
Reality: Mandatory retirement could actually promote longer work lives by providing both employers and workers clear expectations about when careers end.
|
|
|
|
|
CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED ‘AS IS’ AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME. | | Retirement Facts | In the private sector, participation by type of retirement plan has largely reversed over the past quartercentury: 'Traditional' defined benefit pension plans were dominant in 1979, but have been overtaken by defined contribution (401(k)-type) plans. The share of workers who are in both a defined benefit and defined contribution plan has remained fairly constant over the years.
|
|
|
|
