The Only Investment Guide You’ll Ever Need | Andrew Tobias

“A very basic thing to know about your money is that, over the really long run, people who buy equities—stocks—will almost surely make a lot more money (if they’re at all sensible in how they do it) than people who make “safer” investments.”

Andrew Tobias
The Only Investment Guide You’ll Ever Need

The Only Investment Guide You’ll Ever Need | Andrew Tobias

The Only Investment Guide You’ll Ever Need by Andrew Tobias is a great finance resource that is targeted at an American audience. First printed in 1978, several revised copies of this classic have been printed. I think its worth your time reading this light humoured, informative and somewhat entertaining book (even if you aren’t from the USA!).

Tobias covers some basic foundational knowledge on finance such as how to spent smarter and some of the basic principles of investing, as well as a deeper dive into American specific tax laws and strategies. In the book he covers;

  • Why there is no such thing as a ‘Get-Rich-Quick’ scheme
  • How to budget and save money
  • Setting realistic financial goals
  • How to invest in stocks
  • Using an online broker
  • American specific tax minimisation strategies
  • Trusts, family planning and money management schemes
  • Investing in Annuity funds
  • Investing in real estate
  • Maximising your eligibility for social security
  • Financial lingo dictionary and some FAQ’s

Check it out on Amazon here, listen to it through Audible or buy it from Australia’s local bookstore Booktopia

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