Wednesday, January 4, 2012

Book Review: The Only Investment Guide You'll Ever Need

The Only Investment Guide You'll Ever Need (2005) by Andrew Tobias

This book is divided into three parts. Part 1 presents ways of minimizing risk in your finances, cutting expenses, and improving savings. Part 2 has some basic guidelines for stock market investing that mainly cover what not to do; as for what to do, the author makes the generic recommendation of putting money into no-load mutual funds or index funds. Part 3 deals with some aspects of financial planning for the family. Most of the author's advice is common sense and I've read similar things elsewhere; thus, I didn't find much in the way of new value in this book.

Note: I read this book in November 2011.

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