The Only Investment Guide You'll Ever Need (Updated)

Zusatztext "Mr. Tobias's ideas about saving money you can't build a portfolio without savings are his real gems. And the reason for that is his approach. He combines humor it starts with the dedication, to my broker even if he has, from time to time, made me just that with common sense presented in an uncommon way." New York Times Informationen zum Autor ANDREW TOBIAS is the author of more than a dozen books, including The New York Times bestsellers Fire and Ice and The Invisible Bankers. He has been a regular contributor to such magazines as Time, New York, and Parade, and cohosted the PBS series Beyond Wall Street. Klappentext "The Only Investment Guide You'll Ever Need . . . actually lives up to its name." -- Los Angeles Times "So full of tips and angles that only a booby or a billionaire could not benefit." -- New York Times For nearly forty years, The Only Investment Guide You'll Ever Need has been a favorite finance guide, earning the allegiance of more than a million readers across America. This completely updated edition will show you how to use your money to your best advantage in today's financial marketplace, no matter what your means. Using concise, witty, and truly understandable tips and explanations, Andrew Tobias delivers sensible advice and useful information on savings, investments, preparing for retirement, and much more. Leseprobe Preface If it is brassy to title a book The Only Investment Guide You'll Ever Need, it's downright brazen to revise it. Yet not to do so every few years would be worse, partly because so many of the particulars change, and partly because so many people, against all reason, continue to buy it. In the 38 years since this book first appeared, the world has spun into high gear. Back then, there were no home-equity loans, no 401(k) retirement plans or Roth IRAs .?.?. no variable annuities to avoid or index funds to applaud or adjustable rate mortgages to consider .?.?. no ETFs, no 529 education funds, no frequent-flier miles ( oh, no! ), no Internet (can you imagine? no Internet! )????not even an eBay, Craigslist, or Amazon. (How did anyone ever buy anything?) The largest mutual fund family offered a choice of 15 different funds. Today: hundreds. Stock prices were quoted in fractions and New York Stock Exchange volume averaged 25 million shares a day. Today: 3 billion shares would be a slow day. The top federal income tax bracket was 70%. The basics of personal finance haven't changed????they never do. There are still just a relatively few commonsense things you need to know about your money. But the welter of investment choices and the thicket of jargon and pitches have grown a great deal more dense. Perhaps this book can be your machete. The Big Picture Not long after this book first appeared in 1978, the U.S. financial tide ebbed: stock and bond prices hit rock bottom (the result of sky-high inflation and interest rates) and so did our National Debt (relative to the size of the economy as a whole). Investing over the next three decades????as difficult as it surely seemed at times????was actually deceptively easy, as the tide just kept coming in. Now we're in (roughly, vaguely) the opposite situation????very low inflation, very low interest rates, and an uncomfortably high National Debt????making the years ahead a particular challenge. Understanding that challenge????seeing the big picture????will help you put events and decisions in context. Take a minute to consider the National Debt and interest rates; then another minute to consider the good stuff. National Debt In 1980, the National Debt????which had peaked at 121% of Gross Domestic Product in 1946 as a consequence of t...

"Mr. Tobias’s ideas about saving money — you can’t build a portfolio without savings — are his real gems. And the reason for that is his approach. He combines humor — it starts with the dedication, “to my broker — even if he has, from time to time, made me just that” — with common sense presented in an uncommon way."—New York Times

Auteur

ANDREW TOBIAS is the author of more than a dozen books, including The New York Times bestsellers Fire and Ice and The Invisible Bankers. He has been a regular contributor to such magazines as Time, New York, and Parade, and cohosted the PBS series Beyond Wall Street. 

Texte du rabat

"The Only Investment Guide You'll Ever Need . . . actually lives up to its name." -- Los Angeles Times "So full of tips and angles that only a booby or a billionaire could not benefit." -- New York Times For nearly forty years, The Only Investment Guide You'll Ever Need has been a favorite finance guide, earning the allegiance of more than a million readers across America. This completely updated edition will show you how to use your money to your best advantage in today's financial marketplace, no matter what your means. Using concise, witty, and truly understandable tips and explanations, Andrew Tobias delivers sensible advice and useful information on savings, investments, preparing for retirement, and much more.

Résumé
“The Only Investment Guide You'll Ever Need . . . actually lives up to its name.” — Los Angeles Times

“So full of tips and angles that only a booby or a billionaire could not benefit.” — New York Times

For nearly forty years, The Only Investment Guide You'll Ever Need has been a favorite finance guide, earning the allegiance of more than a million readers across America. This completely updated edition will show you how to use your money to your best advantage in today's financial marketplace, no matter what your means.

Using concise, witty, and truly understandable tips and explanations, Andrew Tobias delivers sensible advice and useful information on savings, investments, preparing for retirement, and much more.

Échantillon de lecture
Preface
 If it is brassy to title a book The Only Investment Guide You’ll Ever Need, it’s downright brazen to revise it. Yet not to do so every few years would be worse, partly because so many of the particulars change, and partly because so many people, against all reason, continue to buy it.
     In the 38 years since this book first appeared, the world has spun into high gear. Back then, there were no home-equity loans, no 401(k) retirement plans or Roth IRAs ... no variable annuities to avoid or index funds to applaud or adjustable rate mortgages to consider ... no ETFs, no 529 education funds, no frequent-flier miles (oh, no!), no Internet (can you imagine? no Internet!) — not even an eBay, Craigslist, or Amazon. (How did anyone ever buy anything?)
     The largest mutual fund family offered a choice of 15 different funds. Today: hundreds. Stock prices were quoted in fractions and New York Stock Exchange volume averaged 25 million shares a day. Today: 3 billion shares would be a slow day.
     The top federal income tax bracket was 70%.
     The basics of personal finance haven’t changed — they never do. There are still just a relatively few commonsense things you need to know about your money. But the welter of investment choices and the thicket of jargon and pitches have grown a great deal more dense. Perhaps this book can be your machete.

The Big Picture
Not long after this book first appeared in 1978, the U.S. financial tide ebbed: stock and bond prices hit rock bottom (the result of sky-high inflation and interest rates) and so did our National Debt (relative to the size of the economy as a whole). Investing over the next three decades — as difficult as it surely seemed at times — was actually deceptively eas…