The Bogleheads’ Guide to Investing

Description

‘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

From the Inside Flap

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.