Amazon.com
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
Book 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:
The Gift of a Lifetime.......2007-10-18
When I was a young lieutenant, my uncle gave me a copy of this book. I always had a pretty good attitude towards money, and over the years I grew rich. My secrets? Hard work, savings, investments. All of them are outlined here.
Now I am an uncle. Each niece and nephew get this book when they graduate.
Each copy has a nice little check inside too.
Trite.......2007-10-17
Not an interesting read. Reads like an encyclopedia. Everything is there. A reference, not a strait through read!
Very Conservative Approach.......2007-10-05
A better title for this book would be " The Only Really, Really Conservative Investment Guide You'll Ever Need." In the author's preface. Mr Tobias marvels how the world has changed since the original publication in 1978. The Guide has been updated frequently so that you will not find any outdated references. In fact, you will be referred to numerous websites in the course of the author's discussions.
Mr Tobias is an advocate of "minimal risk" which is to say he thinks the majority of us would be better off saving rather than trying to get rich by investing. Well there is nothing new about that and it is presented in a flippant and I thought condescending tone.
So the first half of the book is very conservative advice although why he advocates Timber as an investment is beyond me. I think the same argument could be made for soybeans or for sod.
The second half is an excellent primer on the stock market which I feel
is worth the price of the Guide alone. I would recommend this book for anyone looking for a basic investment guide with the understanding that it is not a get rich quick reference.
Good updates.......2007-08-07
We were very pleased with the updates Mr. Tobias has made to his book. It lives up to its title. Well worth the price.
Ok.......2007-08-06
The book is decent but "A random walk down wall street" contains the same information this book does (and more). Random Walk is also written better with more details.
Book Description
Use e-mail to boost your income-today!
The E-Code brings together the combined wisdom of 33 Internet marketing superstars to reveal how they make money online-using nothing but the power of e-mail. Each succinct chapter presents one moneymaking strategy or concept and offers step-by-step guidance on implementing it for maximum profits.
If you have a product or service to sell, the Internet gurus in this book will show you how to sell it-no matter what it is. And even if you don't have your own original product idea, don't worry. Inside you'll find a wealth of quick and effective ideas for creating something that other people will definitely pay for. Using tactics like viral product marketing and online auctions, anyone can make extra money online-and you can too. This is not a get-rich-quick scheme; it's a make-money-quick scheme. It could be a little, or it could be a lot, but you will definitely profit when you learn how to:
* Develop and sell a product online
* Target your customers
* Promote your product
* Market to niche audiences
* Create an e-marketing business plan
Plus, entrepreneurs and small business owners will learn how to improve their sales through simple, proven e-marketing tactics that really work. The Internet is a powerful resource for marketing, selling, and communicating anything. So tap into it! Written by a cast of Internet all-stars and marketing powerhouses, The E-Code is a simple, easy-to-use guide to making money online, right now.
Customer Reviews:
Spam and endless sales pitches.......2007-10-19
Spaming people is not a valuable "Secret" of e-commerce, it will only earn you angry ex-customers and bring ill-fame to your business partners. This book is nothing but Spam and sales pitches for Joe Vitales offerings, and his ill-famed partners products. We do not approve of his methods and we disagree with the proposed scams set forth in this book.
43 ways to SPAM, and ads for Vitales other books........2007-09-29
Save your money. Spaming is self-evident so you don't need this book. And it is mostly just ads for other books and consulting.
nothing but a sales pitch for Vitales other books and services.......2007-09-25
endless sales pitch by Vitale, with some "Here is how to Spam" advice which is not worth the money.
E-book gone paper with numerous gems.......2007-09-06
This is the second book on Internet Marketing that I have read. I am a novice looking and learning about this underground business venture.
The E-code is essentially a collection of topics covered by various experienced marketers. At quick glance, the value of this book does not come forward right away. The overall organization and variation in writing style makes for a choppy reading experience. However, there are many tips throughout that make this book worthwhile. The book it self is any example of how things come together in the electronic world.
The E-code might be better read in moderation instead of full steam ahead- straight-through. I tend to read books cover to cover, marking pages and making notes along the way with sticky tabs. I then go back and review all the gems and great tips that I feel are key. This book, I did not tab and mark up like crazy, but the areas that I did mark are key areas of Internet marketing that I did not know before. There are some key chapters that I founds very helpful in understanding how internet marketing systems are deployed, tactics and methods used.
If you are looking for a step by step guide, this is not the book. However, there is a few chapters that come close to this. The E-code covers a lot about marketing in general and how it applies to the internet. There is certain set of rules that should be followed to insure a lasting presence and trust. This book does a great job in this regard and provides many insightful tips along the way.
One Important thing to note about this business is that it is not fast money answer. It really is about building something up overtime. The big money can come, but overnight success is rare. If you are serious about working on your own online business and willing to put the time in to get it going, Books like this one, The E-code will prove helpful.
Other books and constant learning are required to keep up with what is current. This book is for the new comer.
waste of time and money.......2007-08-13
this is a waste of time and money. Just telling people to SPAM, and some how-to-spam tips is not worth wading thru the extended sales pitches for Vitale's other products.
Book Description
Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the Samp;P 500 instead of through the active buying and selling of stocks. A revised and updated edition of an investment classic, The Only Guide to a Winning Investment Strategy You'll Ever Need remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more.In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about: The efficiency of markets today The five factors that determine expected returns of a balanced equity and fixed income portfolio Important facts about volatility, return, and risk Six steps to building a diversified portfolio using Modern Portfolio Theory Implementing the winning strategy and more.
Customer Reviews:
The best financial advice you will ever receive.......2007-08-23
I read this book 8 months ago. It was such an eye-opener that I went on to read ten other investment books over the ensuing 6 months. Although several other books cover much of the same material, Swedroe's book is the one that I have read and re-read several times. It really can stand alone as your "only guide to investing". Two of my relatives have read it now, as well. I now manage all of my investments myself, with confidence. Short term market drops don't worry me at all. I truly believe that anyone who reads this book and later reads Swedroe's bond book(by about the same title) will be well-armed to manage their investments without the expense of a broker or advisor.
Great Investment Book!.......2007-05-22
I've just finished reading your book and wanted to thank you so much for sharing this straight forward method of investing with all of us!! I've been investing for many years. I've tried timing the market, newsletter services, timing services; just about ever known method to not make money. After reading your book, it really seemed to 'click' for me.
I've been suggesting this book to many of my friends. They seem to want exactly what your strategy provides, reasonable returns with reduced risk. I wish I had found this book many years ago.
A tool box that does the job..............2007-05-09
This was an excellent book that covered all the necessary fundamentals without going into the excessive esoterica of the field that I, as a simple investor, did not need.
It also provided useful formulas and guidance for fixed security investments based on the different scenarios that different investors might have.
The book has definite views on total bond market funds as well as mortgage backed securities that you are not likely to find elsewhere and that every investor must necessarily know before investing.
The title really says it all.
Excellent book.......2007-05-09
One of 4 o5 of the best investment books I've read. Every investor should read this book.
Winning strategy? Yes!.......2007-05-08
Late summer of 2005 I decided to turn our investments over to a financial advisor. My wife questioned whether it made sense to give such a huge cut (2% of market value each year) to a brokerage firm. That weekend we went to Barnes and Noble and I bought this book. The rest is history. I am in index funds and short term bonds. I am 60/40 domestic/foreign. My return has been great but the most important thing is that I sleep well at night. I rebalance when the numbers get out of whack not because of some hunch or fear. I sold everything that I owned to get into this strategy and paid a large amount of tax but it has all been worthwhile. This strategy forces you to take profits when stocks rise and buy stocks when prices go down. It makes sense and it works.
Book Description
Larry Swedroe has collaborated with Joe H. Hempen to create a totally up-to-date book on how to invest in todays bond market. It covers a range of issues pertinent to any bond investor including: Bond-speak The risks of fixed income investing Mortgage-backed securities Tax-free municipal bonds. The Only Guide to A Winning Bond Strategy Youll Ever Need is a no-nonsense handbook with all the information necessary to design and construct your fixed income portfolio. In this day and age of shaky stocks and economic unpredictability, Swedroe offers a crucial tool for any investor looking to safeguard his or her money.
Customer Reviews:
Great book for a "bonds 101".......2007-06-08
Great first book to learn about bonds and similar financial products... what they should and should not be used for, what to buy for what, and what not to buy, and of course, the soundest advice that you should get a professional to review your individual situation to find the best strategy to preserve capital.
A classic book on investing.......2007-02-17
Like all of Larry's books this one is a gem. You will never find an author as skilled in explaining difficult subjects as Larry can. One would think he was simply a skilled language mechanic. Not so Larry is a skill investor too. He has written several book on investing and I have and read them all. For many years I was a bond investor and thought I had mastered the subject, Wrong I learned much from his book and you will too. Larry believes in passive investing tecgniques. Books on the subject are a little too complex for the average investor. I can offer a solution to this problem. I want to recommend for you a book titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission This book is a must for those wanting to find out about indexing (passive investing) and why it is the superior method for the small investor (and big one too). This book is an outstanding guide to personal investing. It will be useful to all investors from novices to highly the highly experienced. This book prepares the reader to approach investing from the standpoint of the underlying science. It is the antithesis of a 'get rich quick scheme'.
All aspects of Modern Portfolio Theory and passive (index) investing are explained in a through and easily understood manner. The aspect I like most is that as well as a solid theoretical foundation the book is very practical and shows the reader how to create (and more importantly) and manage over time a successful portfolio. This is a great book- for the beginning investor, it's a great place to start and for the experienced investor there are many valuable suggestions.
It's a shame to think of how much money investors have lost "investing" in the stock market over the years. I wish I had read this little book years ago. The chapter on automatic investing recommends a number of portfolios that follow modern portfolio theory and adjust risk as you age without any effort on the part of the reader at all. Had this book been written years ago and had I followed its directions I would be rich today of that I am certain. Nevertheless I will pursue one of the portfolios recommended and stick to my chosen asset plan.
How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission
A Must Read For Every Investor.......2006-11-15
Larry Swedroe and Joseph Hempen explain the misunderstood asset class of fixed income most clearly and advise the implementation of bonds into your investment portfolio in accordance with your objectives. Clearly and concisely, the authors tell you the pros and cons of various security types and familiarize you with "bondspeak", the insider language of the bond market. Read and digest this book. Then you'll know what to do with fixed income securities in your investment strategy just like a pro.
Joel
Good book for basic fixed income investing.......2006-11-13
This is a must read for anyone who wants to know about bonds and fixed income investing in general.
I wish I had read this earlier but that happens with most of us. I am glad that I ordered this now and have almost finished it reading.
Too many words.......2006-11-10
There is some useful information for the average investment duffer. But the information to word ratio is way too small. Swedroe is a smart guy. His prolixity problem doesn't even approach that of David Swenson---a small consolation for the reader. Next time he should hire a ghost writer.
Book Description
Throughout the last fifteen years of the bull market, individual investors were able to participate and amass financial holdings by way of mutual funds. But the constant buying and selling to "beat the market" and grow their fund's wealth also entailed costs and capital gains. And who paid for it? The investor. Over the past 20 years smart investors began switching to index mutual funds to keep more of their money. Index funds buy and hold all of the stocks in an index, dramatically reducing trading costs and taxes. And now, with Larry Swedroe's expert advice, the small investor can take advantage of this investment strategy and win big. In The Only Guide to a Winning Investment Strategy You'll Ever Need, Larry Swedroe explains:
* How index mutual funds out-earn older investment strategies
* How to pick the right balanced "passive" portfolio that will reward investors with the highest expected return for the amount of risk the investor is willing to accept
* How to play the winner's game with this big and rapidly growing investor trend. Based on over forty years of research by the world's leading financial economists, the advice Larry Swedroe offers in this new and valuable book shows that those willing to move beyond conventional wisdom will open themselves to a method of great financial growth.
* The Only Guide to a Winning Investment Strategy You'll Ever Need is the first major book on the newest Index Mutual Funds and strategies, today's biggest investor trend.
Customer Reviews:
Great education for a dummy like me........2005-03-29
Larry Swedroe does a great job explaining the concept of the Modern Portfolio Theory and using index funds in a passive way opposed to a fund dependent on a manager. The first part of the book supports why an investor should avoid the trade magazines,newsletters,and MR. "I know it all" who ends charging you the higest fees and commissions.
Chapter 7 is worth the price of the book since this is where Swedroe shows the best ways to built a portfolio.
I had some concerns and emailed the author and he responded the very next day(can't beat that). I've read some other books on investing but this one like a good movie has had me thinking ever since.
Good Introductory Book on Investing...but..........2003-01-31
The book is an easy read and can be understood by beginners as well as the experienced. Beware that the author does over state the advantages of indexing and passive investing to some degree--take note of "assumed" realized gain example on page 48--active managed fund of 8% in capital gains vs 1% in passive. If he actually looked at some annual reports of actual mutual funds, the difference between active and passive funds in the tax efficiency area is much less.
The author goes on explaining the higher historical returns of smaller companies on page 120. However, it has failed to remind that the much higher trading expense noted on page 94 must be accounted for thus the difference is less than dramatic.
The book could have discussed in more detail how the weighting of the funds for proper diversification used on sample portfolios from pages 153-160 was determined. He accused market timers for data mining--back testing for patterns yet these portfolios rely to some degree on value stocks outperforming growth stocks over the long run.
The worst criticism is that the book is biased for use of DFA funds--thinly disguised marketing of his own firm who Buckingham Asset Management which is one of the few firms which handles these funds. As noted, these funds are available only through select fee only advisors or through pension funds. What it failed to mention is that most fee only advisors only take clients with at least $100,000 to invest and for those with less than $500,000, the fee is typically 1% per year. This is addition to DFA fund's own expense of about 0.6% making them effectively a loaded fund.
I agree DFA funds themselves are very well structured line of products. However, the difference in expense and the seemingly endless addition of new indicies makes me feel that their small edge is getting lost. There's a fairly good debate on indexfunds.com on DFA vs Vanguard which is worth a read before enlisting an expense manager.
The author took incredible efforts to discredit professional fund managers for their mediocre performance of expensive active management. Part of the reason was that managers tend to drift away from established styles after being frustrated from recent underperformance. But the author defends fee only advisors that they can add value by making sure you follow your own strategy yet cautions that the investor should retain the last word. The temptation for the advisor to come up with a "better" plan while you're investing in an established strategy exist. The advisor's job is to make sure the investor doesn't make the mistake of drifting in style but also has the opportunity to influence a style drift. All the effort of promoting low cost investing approach seem to have gone to waste the moment the author is subtly pushing fee only advisor.
Author attempted to discredit Professor Jeremy Siegel's claim that small cap stocks do not outperform large cap stocks if an 8 year stretch is removed from a 70 year record on page 119. The author used a completely different index than Professor Siegel. It's still debatable whether there was a simple abberation in historical return or not especially considering the added trading cost of smaller companies.
The numbers seem to be exagerrated a bit by pulling things out of context so be careful with any numeric claims and draw your own conclusion only after doing more research.
Despite these problems with the book, it is a good read. It explains the merits of passive investing, the principals of diversification, why fundamental/technical analysis aren't necessary or may even be counter productive, etc.
I highly recommend reading Jeremy Siegel's "Stock for the Long Run."
Strong Foundations For Investors.......2002-06-25
After reading Larry Swedroe's excellent second and third books I felt compelled to return and read this, his first book. My urge to do so has been more than adequately rewarded by this excellent text.
Larry Swedroe lays strong foundations by focusing on three major areas. First, he summarizes the results of several studies indicating that passive investment strategies outperform, over time and by a wide margin, active investment management. Second, Mr. Swedroe offers the individual investor a through overview of Modern Portfolio Theory and its subset, Efficient Markets Theory. Third, Larry provides a guide to the construction of a portfolio and discusses the roles investment advisors may undertake for the individual investor.
While some of the material in this first book is duplicated and updated in the second and third books, I recommend all three of these texts to individual investors. Larry Swedroe possesses the knack to take recent academic research and pass it on in an understandable, common sense manner to the many individual investors who do not possess advanced degrees in statistics.
My own library of "good books" on investing has grown to nearly 20 different texts. All three of Larry Swedroe's texts make my "good book" list. (I have rejected over 100 other texts and not included them on my "good book" list.) I highly recommend all of Larry's books, together with additional texts by Burton Malkeil, Peter Bernstein, John Bogle, Bruce Temkin, Roger Gibson and others. Larry's three books greatly assist the individual investor to build a solid base of knowledge to understand what works (and the many things that don't work) in investing. I highly recommend this book, and all three of his books, as key additions to every serious investor's library.
Swedroe.......2002-05-22
One of the best books on investing in index funds you'll ever need. The model portfolios are a big help too, and Swedroe's strong cases and academic studies supporting his ideas; it really convinces you to why you should invest in index funds. After interacting with the author, who, is one of the smartest men on investing, I can't wait to read his other books.
Swedroe is one of very few honest folks in the business.......2002-03-05
I read this and his first book. It changed the way I invest completely. There is far too much conflicting interests on Wall Street. From Wall St Houses, Mutual Funds, Investment advisors, analyst, on and on. They are all driven by getting a share of your investment dollars - performance is secondary. (Just look at returns from the mutual funds and the fees they charge - it is criminal). Passive management is so logical. Especially when so few of these advisors and funds EVER beat indexes on a consistent basis. Swedroe's books are both excellent. The second devotes more time to asset allocation - which is important even in a passive management structure.
Average customer rating:
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Kathy Kristof's Complete Book of Dollars and Sense: From Budget Basics to Lifetime Plans-The Only Guide You'll Need to Manage Your Money
Kathy Kristof
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Investing 101
ASIN: 0028608526 |
Book Description
For all of us whose financial lives look like our shoe closets, Kathy Kristof's Complete Book of Dollars and Sense is here to help. Specially designed to help readers sort through the tangle of bills and budgets, plans and projections, it offers simple steps to organize and take charge of our confusing finances. From putting together a beginners budget to creating a lifelong financial strategy, buying life insurance, or setting up a retirement plan, Kathy Kristof shows you how simple it is to find the answers. Best of all, Kristof has turned the complex financial formulas used by financial planners into a simple worksheet available in the book and on a special menu-driven Internet website. Now, anyone with a computer can quickly and easily perform an array of financial calculationsfrom what you need to put aside for a child's college expenses to how much you'll save on your mortgage by paying it off early. Kathy Kristofs Complete Book of Dollars and Sense shows you how easy it is to become your own financial planner.
Customer Reviews:
It's a great book........1999-07-02
Everyone should read this book!Now!It's the best book ever!It helped me through all of my financial problems.Buy it right now! I said NOW!Thank you for reading my input on this book{It's the truth!}
Book Description
Developed by renowned financial expert Neale S. Godfrey and proven to work, this complete primary and intermediate program introduces children to the concept of money--what it is, why we use it, and the purpose it serves in our lives. Covering topics ranging from the importance of budgeting and saving to the workings of the stock market, this first-rate series gives youngsters essential real-life money skills. Grades 1-3. Pack of six.
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Product Description
Rich Dad's Teach To Be Rich is about Robert Kiyosaki's decision to give up his manufacturing business and become a teacher...a teacher outside the walls of traditional education. More than a book on teaching, this book is about Robert's quest to find out how we learn and why so many people do not like school, even though they want to learn. Not only is this book a radical departure from traditional thinking on education, it is a radical departure from traditional ideas on money.
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