Only Investment Guide - Won’t Make You Rich

Andrew Tobias’ The Only Investment Guide You will Ever Need begins by promising that this book will not make you rich. He gives a number of examples of types of investment guides to avoid. He apologizes for the immodest title of the book but says you do not need most investment guides that are available, and of the few good ones, you probably only need one.

Anyone who steers you to commodities, collectibles, chain letters disguised as cosmetic companies, or is full of enthusiasm at the prospect of making you rich, should be avoided like the plague. He claims there are very few ways to get rich quick, and even fewer that are legal. Placing a bet on number 22 on a roulette wheel carries the same risk as most of these so-called investments, they just have a better story, or pitch.

In the next chapter the author will guide us towards reducing our spending in order to increase our savings.