The Only Investment Guide You'll Ever Need

Andrew Tobias.Samo Investment Guide You'll Ever Need. Harcourt Brace, 1996. 221 pages. ISBN 0-15-600337-6.

Ok ... really ... that the gall to write a book of personal finance and title: "Only Investment Guide You'll Ever Need?" And then you go and, well ... write only investment guide you'll ever need. Andrew Tobias, who is who.

In this book, now classic personal finance Thomas, Tobias, and more than good on his promise. It covers a myriad of subjects and provides a direct, clear and sound advice on each. Of course, when the book was first published in 1978, Tobias did not predict the ETF, ETN's, and structured products, nor is it provided day trading or forex craze. Yet, through it's many changes, it has remained faithful to give a great basic advice to the nth degree. And the best news is, the basics have not changed, nor less than the apocalypse, they will.

In the irreverent style, Tobias entertained throughout the book, pointing out getting your financial life in order by following these steps:

1) Living within your means

2) Save the

3) reduce your expenses

4) paying off your credit cards

5) After the appropriate life insurance

6) taking responsibility for your money

7) Investment conservative

8) Taking advantage of tax reduction strategies, and

9) use tax preferred retirement accounts

A little more than a basis, Tobias champions of the capital market which makes clear that the transfer of capital market outperform safer investments over a long period. But here he was still treads lightly dismisses the stock picking for index investing with no-load mutual funds. Today, there May be a better alternative no-load funds, but I find it hard to argue with Tobias' point: If the legions of money managers can not consistently beat the market, not the average investor

.

Including only one brief passage, almost as an afterthought, how about your own business May be useful is my only complaint about this book. Tobias sees a huge business tax tool, but it can be much more. This can be a hedge on inflation, supercharge your retirement, create financial and personal legacy, and be your best investment a long shot. But, hey, I think that is so beyond the basics.

get this book, read it several times, and realize that financial success is neither magical nor mysterious. It is a natural consequence of consistently applying basic fundamentals. The only investment guide you'll ever need to be exposed.