The Bogleheads' Guide to Investing

Overview

"Kindness, integrity, and common sense can be scarce on Wall Street, but the Bogleheads have each in abundance. Reading The Bogleheads' Guide to Investing is like learning investing from your grandfather. There's a lifetime of wisdom packed into these pages, coupled with a sincere desire to help investors meet their goals. Jack Bogle will be proud!"
—Don Phillips, Managing Director, Morningstar

"The Vanguard Diehards—a.k.a the 'Bogleheads'—are easily the planet's most well-informed, congenial, and successful ...

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Overview

"Kindness, integrity, and common sense can be scarce on Wall Street, but the Bogleheads have each in abundance. Reading The Bogleheads' Guide to Investing is like learning investing from your grandfather. There's a lifetime of wisdom packed into these pages, coupled with a sincere desire to help investors meet their goals. Jack Bogle will be proud!"
—Don Phillips, Managing Director, Morningstar

"The Vanguard Diehards—a.k.a the 'Bogleheads'—are easily the planet's most well-informed, congenial, and successful group of individual investors. At long last, they're letting the general public in on their solutions, their secrets, and their strategies. If you're about to retire, are planning to retire, or are even thinking of retiring, you can't afford not to read this book."
—William J. Bernstein, cofounder, Efficient Frontier Advisors author of The Intelligent Asset Allocator and The Four Pillars of Investing

"More than thirty years ago, John Bogle started a war in the mutual fund industry. His weapon was low fees, and his shield was common sense. In this book, three ardent followers sagely outline Bogle's approach that has benefited millions and will benefit millions more."
—Richard Ferri, CFA, President, Portfolio Solutions, LLC author of All About Asset Allocation and All About Index Funds

"Those investors who have the courage, discipline, and wisdom to follow the sound financial and investment strategies of The Bogleheads' Guide to Investing are virtually certain to achieve results superior to not only the vast majority of individual investors, but the vast majority of professionals as well. What is perhaps more important is that the quality of their lives will be improved because they will have more time to spend on the really important things in their lives."
—Larry Swedroe, author of The Only Guide to a Winning Investment Strategy You'll Ever Need

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Editorial Reviews

From the Publisher
"The Bogleheads march readers smartly through the basics...[and] pepper the text with practical tips and Web links." (Bloomberg.com, March 2006)

"The book provides sound advice on a variety of issues including mutual funds, bonds, diversification and taxes." -- Lynn O'Shaughnessy, The San Diego Union-Tribune (July 2006)

" ... if you're planning on investing for the purpose of building a stable, lifelong economic backbone, I couldn?t recommend this book more highly. It's a well-conceived explanation, from top to bottom, of an investment philosophy that will create a life full of steady gains and sustainable wealth." -- (www.thesimpledollar.com March 2007)

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Product Details

  • ISBN-13: 9781118921289
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 8/18/2014
  • Edition number: 2
  • Pages: 336
  • Sales rank: 227,472

Meet the Author

Taylor Larimore (Miami, FL), 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." Now 81 and retired, he is a Boglehead to the core. He regularly spends hours per day answering questions for free on the Morningstar Vanguard Diehard Forum and, in doing so, regularly preaches the investment religion of Saint Jack. In his mind, his wealth is a direct result of following the time-tested investment wisdom of Bogle, the founder and retired chairman of the Vanguard Group.

Mel Lindauer (Daytona Beach Shores, FL) was dubbed "The Prince of the Bogleheads" by Jack Bogle. He's a Forum Leader of the Vanguard Diehards on Morningtar.com where he's contributed more than 10,000 posts. A former Marine, he started investing in the late '60s and has first-hand experience with both bull and bear markets. Together with Taylor, he initiated and continues to organize the grassroots Diehards' annual meetings. He's been quoted in a number of newspapers and magazines and has appeared on CNN-fn.

Michael LeBoeuf (Paradise Valley, AZ), PhD. Companies large and small turn to Dr. Michael LeBoeuf when they want solid, practical ways to live and work smarter. He is an internationally published author, business consultant, and a dynamic professional speaker.  He has been interviewed on hundreds of radio and television talk shows including "The CBS Evening News", "Oprah," and "Good Morning America."  His books have sold almost two million copies, been translated into more than a dozen languages and adapted to produce 16 audio and video cassette programs.  His books include: How to Win Customers and Keep Them for Life, The Millionaire in You, Fast Forward, Working Smart, and Getting Results.

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Table of Contents


Acknowledgments     xi
Foreword   John C. Bogle     xiii
Introduction     xxi
Essentials of Successful Investing
Choose a Sound Financial Lifestyle     3
Start Early and Invest Regularly     13
Know What You're Buying: Part One     25
Know What You're Buying: Part Two     39
Preserve Your Buying Power with Inflation-Protected Bonds     49
How Much Do You Need to Save?     63
Keep It Simple     75
Asset Allocation     89
Costs Matter     109
Taxes: Part One     119
Taxes: Part Two     131
Diversification     143
Performance Chasing and Market Timing Are Hazardous to Your Wealth     153
Savvy Ways to Invest for College     169
How to Manage a Windfall Successfully     179
Do You Need an Advisor?     187
Follow-Through Strategies to Keep You on Target
Track Your Progress and Rebalance When Necessary     199
Tune Out the "Noise"     211
Mastering Your Investments Means Mastering Your Emotions     223
Making Your Money Last Longer Than You Do     235
Protect Your Assets by Being Well-Insured     243
Passing It OnWhen You Pass On     257
You Can Do It     265
Appendices
Glossary of Financial Terms     273
Books We Recommend     279
Financial Web Sites We Recommend     283
Vanguard Asset Allocation Questionnaire and Pie Charts     287
About the Authors     293
Index     295
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