Synopses & Reviews
T
he 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 typical “common sense” 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.
Synopsis
The Bogleheads’ Guide to Investing is a wonderful, witty, and wise book. Largely because our financial markets are essentially closed systems in which an advantage garnered by a given investor comes at the disadvantage of the other investors in the same market, the authors recognize this eternal truth: As a group, we investors are inevitably average, so beating the market is a zero-sum game. Importantly, they note that relying on the typical common sense approaches that apply to most of life’s challenges is “destined to leave you poorer.” In this update, the Bogleheads author team warns against following life principle:
1) If you don’t know how to do something . . . hire an expert.
2) You get what you pay for.
3) If there’s a crisis, take action!
4) The best predictor of future performance is past performance.
In short, the principles that work in most aspects of our daily lives simply lead to failure in investing. Understanding that contrarian wisdom is the first step toward investment success. But if that warning is both precisely accurate and grandly counterintuitive, the basic thrust of The Boglehead’s Guide to Investing is both precisely accurate and grandly intuitive. “Choose a sound financial lifestyle. Start early and invest regularly. Know what you’re buying. Preserve your buying power. Keep costs and taxes low. Diversify your stock portfolio [and diversify your stock risk with a bond portfolio].”This edition also includes a revised foreword by Jack Bogle.
Synopsis
The irreverent guide to investing against common sense, Boglehead styleThe 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" 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 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.
Synopsis
The new edition of the irreverent guide to investing Boglehead style“We have no hidden agendas. We aren’t financial planners or money managers looking for clients. We don’t have a high-powered, get-rich-quick weekend seminar to sell you. . . . Our primary mission is simply to support Jack Bogle’s mission by teaching others how to get the best long-term return on their investment dollars.” —From the Introduction
The second edition of the bestselling The Bogleheads’ Guide to Investing is an intelligent guide to the investment prowess on display at Bogleheads.org. Drawing on the proven investment strategies of John C. Bogle, this handy resource shows investors of all levels of expertise how to craft a winning investment strategy using the Bogle-proven methods that have worked for thousands of investors.
The Bogleheads’ Guide to Investing gives investors the confidence and know-how to choose a sound financial lifestyle and diversify their portfolios. The authors reveal the benefits of starting early, investing regularly, and knowing what you’re buying. They show how to preserve buying power and keep costs and taxes low. And most importantly, when to throw out the expensive and bad advice that leads to investment failure.
About the Author
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 LEBOEUF, PHD, is an internationally published author, business consultant, and professor emeritus who taught Management at The University of New Orleans.