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The Bogleheads' Guide to Investing
     

The Bogleheads' Guide to Investing

5.0 3
by Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle (Foreword by)
 

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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

Overview

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.

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)

Product Details

ISBN-13:
9781118921289
Publisher:
Wiley
Publication date:
08/18/2014
Pages:
336
Sales rank:
44,381
Product dimensions:
6.00(w) x 9.00(h) x 1.30(d)

What People are Saying About This

From the Publisher
"Generically, the Bogleheads are folks who admire John Bogle, founder of the Vanguard mutual fund company . . . So, why did they write this book? Probably for a little ego boost. Also, perhaps, to share a lifetime of accumulated knowledge, to help other people achieve their financial goals, and to leave the world a slightly better place. Are these guys nuts,or what? Anyway, they did a good job. This is definitely a book for beginning investors, but the facts are solid, the advice almost impossible to argue with . . . . If you're looking for a financial book you can trust, we can't think of a better candidate than this, except possibly for one of the books by the Master (i.e., John Bogle) himself. If you want to get started investing, if you need a new investment plan, or if you'd like to validate an existing plan, we suggest that you sit down, read this book, and trust what you read. How rare is that?"
—Roy Weitz, FundAlarm.com (December 2005)

"The chief Boglehead is Taylor Larimore, 81, a former official at the Small Business Administration . . . He and a few other Vanguard fans started the Diehards forum in 1998. Now Larimore and two other longtime Diehards—Mel Lindauer, 67, a retired owner of a graphic arts business, and Michael LeBoeuf, 63, a former management professor—have written The Bogleheads Guide to Investing . . . . The book’s main themes should come as no surprise. In his own writing, Bogle emphasizes diversification, low costs, and index funds; here, his followers try to make those notions graspable for beginners . . . . Also, unlike most investing authors, the Bogleheads offer advice on topics from taxes to insurance to estate planning ."
Penelope Wang, MoneyMagazine (January 2006).

"The new "Bogleheads Guide to Investing!" Gotcha! A must-read!"
Paul Farrell, Marketwatch.com

"If you master the concepts laid out in this book, you'll do very well."
—Reuters News

"'The Bogleheads' Guide' is both a textbook for beginners and a refresher course for old hands. It blends elements of financial-planning primers like 'The Wealthy Barber' with tips on why it pays to be cheap, a la 'The Millionaire Next Door.' ... The Bogleheads march readers smartly through the basics of how much they need to save for retirement, how to allocate their assets and when to rebalance their portfolios. The authors steer through the minefield of taxes and warn neophytes to master portfolio-gutting emotions including greed and fear."
—James Pressley, Bloomberg.com

“If you are looking for a simplified and methodical do-it-yourself guide that will enable you to manage your investment portfolio, this is the book to turn to.”
The Economic Times

Meet 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.

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The Bogleheads' Guide to Investing 5 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
Guest More than 1 year ago
Many good books have been written on saving and investing but this is one of the best I've read. It is written in simple language and avoids technical jargon that tends to lose readers who are looking for basic knowledge and a plan they can develop and implement. I learned so much that I ordered 12 more copies for close friends. I believe browsing chapters 19 & 23 would be helpful to anyone who might not feel they have the ability to get the most from this book. I always thought investing was complicated but found it can be a do-it-yourself activity. The Bogleheads' Guide is a winner and I would recommend it to readers of all ages who are struggling with understanding the best and easiest way to save and invest for their future.
Guest More than 1 year ago
There are a lot of books out there about investing and managing your money, but this one provides a very simple and easy to understand perspective that all investors can comprehend. The authors have gone to great lengths to make sure that the most uneducated and inexperienced investor can take the advice in this book and use it immediately. This book is more than just how to invest, it describes money management life style changes needed to help someone accumulate wealth.