The Bogleheads' Guide to Investing
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The Bogleheads' Guide to Investing

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The irreverent guide to investing, Boglehead style The Boglehead's Guide to Investing is a DIY handbook that espouses the sage investment wisdom of John C. Bogle. This witty and wonderful book offers contrarian advice that provides the first step on the road to investment success, illustrating how relying on typical "common sense" promoted by Wall Street is destined to leave you poorer. This updated edition includes new information on backdoor Roth IRAs and ETFs as mainstream buy and hold investments, estate taxes and gifting, plus changes to the laws regarding Traditional and Roth IRAs, and 401k and 403b retirement plans. With warnings and principles both precisely accurate and grandly counterintuitive, the Boglehead authors show how beating the market is a zero-sum game. Investing can be simple, but it's certainly not simplistic. Over the course of twenty years, the followers of John C. Bogle have evolved from a loose association of investors to a major force with the largest and most active non-commercial financial forum on the Internet.
The Boglehead's Guide to Investing brings that communication to you with comprehensive guidance to the investment prowess on display at Bogleheads.org. You'll learn how to craft your own investment strategy using the Bogle-proven methods that have worked for thousands of investors, and how to: * Choose a sound financial lifestyle and diversify your portfolio * Start early, invest regularly, and know what you're buying * Preserve your buying power, keeping costs and taxes low * Throw out the "good" advice promoted by Wall Street that leads to investment failure Financial markets are essentially closed systems in which one's gain garners another's loss. Investors looking for a roadmap to successfully navigating these choppy waters long-term will find expert guidance, sound advice, and a little irreverent humor in The Boglehead's Guide to Investing.
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Product details

  • Hardback | 336 pages
  • 166 x 236 x 30mm | 536g
  • New York, United States
  • English
  • 2nd Edition
  • 1118921283
  • 9781118921289
  • 6,673

Flap copy

The Bogleheads' Guide to Investing is a handy resource that is written for anyone who may be grappling with a financial problem or simply wants to know how to invest money to get the best results. The Boglehead team of investment experts--Mel Lindauer, Taylor Larimore, and Michael LeBoeuf--provide the answers for gaining a foothold in the market and keeping it there.



Investing can be simple, but it's certainly not simplistic. Over the course of nearly twenty years, the followers of John C. Bogle have evolved from a loose association of investors to a major force with the largest and most active non-commercial financial forum on the Internet. The Bogleheads' Guide to Investing is a hands-on resource for tapping into John C. Bogle's "uncommon" investing wisdom.



Like the first edition, this thoroughly revised and updated second edition of The Bogleheads' Guide to Investing offers investors of all stripes, ages, and investing prowess a DIY handbook that champions the sage investment wisdom of John C. Bogle. Often witty and always wise, the book is filled with sage advice that helps investors take the first step on the road to investment success. And to keep investors on the right path, the authors illustrate how relying on "common sense" promoted by Wall Street is destined to leave you poorer.



The updated second edition includes the latest information on how to profit from backdoor Roth IRAs and Exchange Traded Funds. The book also contains timely updates on estate taxes and gifting, plus changes to the laws regarding traditional as well as 401(k) and 403(b) retirement plans. In addition, the authors offer investment warnings and principles that are both precisely accurate and sometimes counterintuitive.



Assuming no extensive knowledge of finance on your part, the Boglehead authors march you step by step toward the winning investment strategy.
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Back cover copy

Praise for The Bogleheads' Guide to Investing, Second Edition



"I'm often asked to recommend a good, basic book on investing, and The Bogleheads' Guide to Investing has been my go-to pick since its original publication. It focuses on all the right things: the virtues of maintaining a frugal lifestyle, keeping investment costs down, and building a simple, low-maintenance portfolio. And importantly, it also tells investors what they can safely tune out--namely, day-to-day market action and the latest 'hot' investment products. Its advice will stand the test of time."
--CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc.



"John Bogle set out to reform the mutual fund industry nearly 40 years ago. He saw a high fee, self-serving, good ol' boy network and thought it was wrong. Bogle believed the purpose of an investment company was to be investor-focused. His idea turned into a revolution. The Bogleheads' Guide to Investing is a testimony to the massive changes that have taken place as a result of Bogle's vision. The ideas in this book have saved countless investors billions of dollars in unnecessary fees. Hats off to Taylor, Mel, and Mike for a job well done."
--RICK FERRI, CFA, Founder, Portfolio Solutions LLC



"The Bogleheads' Guide to Investing describes a sophisticated and proven approach to successful investing. Nevertheless, its message of saving, investing in a diversified, balanced, low cost portfolio, and keeping it simple is easily grasped by investors of all levels of experience. Regardless of your investment acumen, this book provides many clearly expounded investment insights and is a great roadmap to financial success."
--GEORGE U. "GUS" SAUTER, Retired Chief Investment Officer, Vanguard



"The best one-stop shopping solution to saving, debt management, investing, insurance, and financial planning I have seen between two covers. For the price of a week's worth of lattes, you can secure your future."
--WILLIAM J. BERNSTEIN, cofounder, Efficient Frontier Advisors, LLC, author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor's Manifesto
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Table of contents

ACKNOWLEDGMENTS xiii FOREWORD BY JOHN C. BOGLE xv INTRODUCTION xxiii PART I ESSENTIALS OF SUCCESSFUL INVESTING CHAPTER 1 CHOOSE A SOUND FINANCIAL LIFESTYLE 3 CHAPTER 2 START EARLY AND INVEST REGULARLY 13 CHAPTER 3 KNOW WHAT YOU RE BUYING: PART ONE 25 CHAPTER 4 KNOW WHAT YOU RE BUYING: PART TWO 39 CHAPTER 5 PRESERVE YOUR BUYING POWER WITH INFLATION-PROTECTED BONDS 49 CHAPTER 6 HOW MUCH DO YOU NEED TO SAVE? 63 CHAPTER 7 KEEP IT SIMPLE 75 CHAPTER 8 ASSET ALLOCATION 89 CHAPTER 9 COSTS MATTER 109 CHAPTER 10 TAXES: PART ONE 119 CHAPTER 11 TAXES: PART TWO 131 CHAPTER 12 DIVERSIFICATION 143 CHAPTER 13 PERFORMANCE CHASING AND MARKET TIMING ARE HAZARDOUS TO YOUR WEALTH 153 CHAPTER 14 SAVVY WAYS TO INVEST FOR COLLEGE 169 CHAPTER 15 HOW TO MANAGE A WINDFALL SUCCESSFULLY 179 CHAPTER 16 DO YOU NEED AN ADVISOR? 187 PART II FOLLOW-THROUGH STRATEGIES TO KEEP YOU ON TARGET CHAPTER 17 TRACK YOUR PROGRESS AND REBALANCE WHEN NECESSARY 199 CHAPTER 18 TUNE OUT THE NOISE 211 CHAPTER 19 MASTERING YOUR INVESTMENTS MEANS MASTERING YOUR EMOTIONS 223 CHAPTER 20 MAKING YOUR MONEY LAST LONGER THAN YOU DO 235 CHAPTER 21 PROTECT YOUR ASSETS BY BEING WELL-INSURED 243 CHAPTER 22 PASSING IT ON WHEN YOU PASS ON 257 CHAPTER 23 YOU CAN DO IT 265 APPENDICES APPENDIX I: GLOSSARY OF FINANCIAL TERMS 273 APPENDIX II: BOOKS WE RECOMMEND 279 APPENDIX III: FINANCIAL WEBSITES WE RECOMMEND 283 APPENDIX IV: VANGUARD ASSET ALLOCATION QUESTIONNAIRE AND PIE CHARTS 287 ABOUT THE AUTHORS 293 INDEX 295
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About Taylor Larimore

MEL LINDAUER, CFS, WMS, was dubbed The Prince of the Bogleheads by Jack Bogle. A Forbes.com columnist, he s one of the leaders of the Bogleheads community. TAYLOR LARIMORE, CCL, has been dubbed by Money magazine as the Dean of the Vanguard Diehards and John (Jack) Bogle himself calls Taylor The King of the Bogleheads. MICHAEL LBOEUF, PD, is an internationally published author, business consultant, and professor emeritus who taught Management at The University of New Orleans.
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Rating details

5,773 ratings
4.28 out of 5 stars
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4 36% (2,088)
3 13% (725)
2 2% (128)
1 1% (56)
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