Rating: Summary: Great introduction to investment strategy Review: If you are expecting to learn everything you need to know about investments from this book, you will probably be disappointed. But this book is a practical and well-written introduction to investment strategy. Lots of practical tips on saving money and investing what you save from an expert.
Rating: Summary: Best in class Review: I read this book when it first came out (could it really be 20 years ago?).After getting burned by some shady commodities deals, this book gave me my blast of reality. In this age of overnight 100% returns, the advice in this book may seem a bit old-fashioned, but it is sound, and if followed over time, will give you a good return by grinding out singles rather than by hitting an occasional home run. Tobias has a nice writing style that keeps the reader engaged. It's a little bit of theory, mixed with some good stories, and examples. Remember, a penny saved is still two pennies earned.
Rating: Summary: I'm a Quarter-Millionaire thanks to Andrew Tobias! Review: After buying this book in 1990 and using his (now-defunct)finance software, Managing Your Money, I'm a believer in slow but suregrowth. I re-read this book to keep my feet on the ground and not let the "quick buck" mentality knock me off course. As Tobias writes, the more mundane (but most important) issues of personal finance must be dealt with first: create a budget, live below your means, and stay out of debt. The revised edition keeps up with all the new wealth options (Roth IRAs, automatic transfers, etc) available, but the commonsense premise remains. My networth is now over $250,000, thanks to Mr. Tobias. But his most important message to me (from the original book) was this: "Don't lose sleep envying the wealthy.[My rich friend] makes 50 times as much money as you, but gets to see only the same TV shows you do, sleeps in a bed very much like your own, eats and drinks only marginally tastier food and wine." This book is a confidence builder as well as a nuts and bolts primer.
Rating: Summary: A great book Review: This reasonably short book summarizes the basics of personal finance in an easy to read witty style. It's aimed at the intelligent but beginning investor looking for practical advice and guidance on investing and money management. Although it does discuss buying options, day-trading, etc. readers looking for detailed comprehensive information and advice on these and similar topics probably should look elsewhere (or perhaps they should look here first-- after reading this book they might think twice about investing in more complicated schemes). For those looking for sound unbiased advice and information on basic investing and money management however this book will be very helpful. And as an added bonus, its actually fun and enjoyable to read.
Rating: Summary: Fierce Review: Have been looking for a book that gives the definitions, basics and more importantly the ratings of the various financial instruments available. This is it. I did not give it a full five stars because there were certain definitions that were obscure and some of the stories, while enjoyable, were overly longwinded. But a great all round book nevertheless.
Rating: Summary: The Man is Witty Review: Andrew Tobias is wonderfully witty and he's written the best kind of "how-to" book: solid advice that's fun to read. If that sounds good, also consider The Mindful Money Guide. While The Mindful Money Guide isn't quite as witty as The Only Investment Guide, it is also fun to read and supplements Tobias' book well--for unlike Tobias' book, The Mindful Money Guide covers the emotional and social aspects of money (in addition to offering good financial advice).
Rating: Summary: A great beginners guide Review: As an investing novice I know very little about the financial world before reading this book. Now I understand a great deal, and have a lot more confidence with my money. Through a mixture of wit and wisdom, Tobias entertains while he educates about the wild world of money. This is truly the only investment guide I will ever need.
Rating: Summary: very valuable Review: Like The Millionaire Next Door, the utility of this book is that it emphasizes saving money, rather coming up with some brilliant investment to make you rich. If you don't save, you'll have nothing to invest. If you save and get a market return over a long period of time you'll amass a lot of money. Stop worrying about finding the next Microsoft, and start worrying about how to cut your expenses. And stop checking what the market is doing every ten minutes--it does you no good whatsoever.
Rating: Summary: Very good Review: A good, general intro to money issues
Rating: Summary: Must Read. Very Good. Should be read every 12 months. Review: Everyone should read this book. I tell all my friends to read it. Simple yet good.
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