“Lives up to its brash title” is how the Los Angeles Times described Andrew Tobias’s investment book, which debuted in 1978 and has been revised several times, including in 2022.
In the latest revision, this best-selling author covers the economic effects of the COVID-19 epidemic and how investors and taxpayers fared during the Trump administration and others prior. With knowledge and wit, Tobias takes readers through the basics of investment vehicles—stocks, bonds (savings, municipal, corporate, convertible, zero-coupon), mutual funds, U.S. Treasury bills, exchange-traded funds (ETFs), and the various retirement accounts. He also delves into tax strategies and discusses finding and dealing with brokers. Tobias suggests a stock market strategy of putting the bulk of your savings in mutual funds and ETFs, and no more than 20% into funds you direct.
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