Economics

The Bogleheads' Guide to Investing

The Bogleheads' Guide to Investing

  • Downloads：1487
  • Type：Epub+TxT+PDF+Mobi
  • Create Date：2021-11-07 09:19:22
  • Update Date：2025-09-07
  • Status：finish
  • Author：Taylor Larimore
  • ISBN：1119847672
  • Environment：PC/Android/iPhone/iPad/Kindle
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Summary

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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Reviews

Mukul Ghan ，

Excellent read for someone who is starting on the journey of investing。 Beginning chapters revolve around various instruments in USA but the ideas in the subsequent chapters are valuable for everyone。

Krysti ，

Helpful information， but I listened to it on audiobook。 Whereas in a book you can read the graphs and websites， listening to them read to you is exasperating。 There was a large part of several chapters where there were quotes from other people and it was very redundant。 The whole book can basically be summed up by， “Don’t try to time the market。 Be patient and invest in index funds。 The less you spend， the more you have to invest。”

Marc ，

Molt bon llibre sobre indexació i en general inversió。 Va cobrint totes les etapes sobretot per novells。

Noah Strickland ，

Great book to get started in learning how to invest！

Dean Rivera ，

my bible

Dongjing ，

An excellent beginners book on investing。 The authors do not have any conflict of interests， though most of the recommended products are from Vanguard。 They are good advice covering many episodes in life and different angles of investing。 Minor critiques: a bit outdated for contribution limits to tax advantaged accounts， fees associated with ETFs and mutual funds， might-be-changed step-up basis laws， etc。 Things I know that I wish it covered: explaining the true power of Roth IRA。 The book would An excellent beginners book on investing。 The authors do not have any conflict of interests， though most of the recommended products are from Vanguard。 They are good advice covering many episodes in life and different angles of investing。 Minor critiques: a bit outdated for contribution limits to tax advantaged accounts， fees associated with ETFs and mutual funds， might-be-changed step-up basis laws， etc。 Things I know that I wish it covered: explaining the true power of Roth IRA。 The book would be better to have a chapter discussing how to maximize tax advantaged accounts， e。g。 backdoor， mega backdoor， HSA， FSA， DCFSA， etc。。 Things I didn't know and appreciate that it covered: asset allocation in tax advantaged accounts vs taxable accounts， e。g。 REITs better be in tax advantaged accounts than taxable accounts。 Asset allocation is the most important factor for the returns， not timing or anything else。Beneficiaries cannot enjoy step-up basis for tax deferred retirement accounts， so it is better to spend time taxable accounts if closer to passing on assets to next generation。。 On the contrary it is better to spend from taxable accounts first to enjoy compound gains from tax deferred accounts。Things that worth reiterate: buy-and-hold index fund with low cost。 This is the proven best and easiest strategy。 Diversify portfolio with US， international and bond index funds to ride through highs and lows more smoothly。Living trust and will are important for estate planning。Most financial planners are not aligned with your financial interests and they are getting profits from your pockets。 However， CPA/CPFs can be valuable if they don't have conflict of interest with you。。 。。。more

Kirill ，

This book provides a great deal of distilled financial advice， that many people will find extremely useful。 However: - even in the latest 2019 edition I've found some outdated information （mostly about mutual funds vs。 ETFs）; - this book is heavily US-focused。 If you live outside of US， you will have to do your own research to find local alternatives to mentioned financial tools， savings accounts， etc。; - while I did mention that financial advice here is "distilled" （in a sense that it has infor This book provides a great deal of distilled financial advice， that many people will find extremely useful。 However: - even in the latest 2019 edition I've found some outdated information （mostly about mutual funds vs。 ETFs）; - this book is heavily US-focused。 If you live outside of US， you will have to do your own research to find local alternatives to mentioned financial tools， savings accounts， etc。; - while I did mention that financial advice here is "distilled" （in a sense that it has information gathered and summarized from many different resources）， the authors very often repeat themselves or spend pages （or minutes， if you're listening to audio version） listing a redundant information instead of just giving a web reference for people who are really interested in particular data （I'm not kidding， in audiobook they spend at least 15 minutes listing and deciphering all abbreviations for different designations available for financial-services professionals in US （CPA， CPF， 。。。 - there are 208 of them， by the way））。Overall， if you have time， I'd recommend going to Boggleheads Wiki site and doing some research there， instead of wasting time on non-abridged version of the book。 The Wiki has more up-to-date information， and even some non-US， Country-specific articles。 。。。more

Cüneyt L。 ，

Yatırım mantığını anlamak İçin faydalı bir kitap。 Ancak bu ve benzeri kitaplar ABD menşeili olduğu İçin yatırım araçlarına ilişkin analizler ABD koşulları dikkate alınarak hazırlanmış。 Türkiye borsası， geleneksel yatırım araçları ABD’den farklı。 O nedenle bunları dikkate alarak okumak gerekiyor。 Yine de faydalandığımı söyleyebilirim。

Mark ，

A classic every young person should read to prepare themselves for a healthy financial future。

Sophia Li ，

Clear， helpful guide to investing， though it was kind of weird reading a book written by a bunch of straight white men who quote the Founding Fathers。 I skipped several sections that weren't relevant to me。 Clear， helpful guide to investing， though it was kind of weird reading a book written by a bunch of straight white men who quote the Founding Fathers。 I skipped several sections that weren't relevant to me。 。。。more

Sean ，

Really good basic breakdown of how to get started in index investing。 Some of the information can be repetitive， especially if you have some basic understanding in general investment strategies， but it does hammer home the importance of these points。 Gets you thinking about investment-adjacent ideas that you haven't before， like various types of insurance necessary。 Would have liked to see some comparisons of the index fund strategies the book outlines， such as bond funds versus TIPS funds。 Perh Really good basic breakdown of how to get started in index investing。 Some of the information can be repetitive， especially if you have some basic understanding in general investment strategies， but it does hammer home the importance of these points。 Gets you thinking about investment-adjacent ideas that you haven't before， like various types of insurance necessary。 Would have liked to see some comparisons of the index fund strategies the book outlines， such as bond funds versus TIPS funds。 Perhaps it's a credit to the authors that I'd like to hear their thoughts on more advanced investing allocations using the Boglehead style， but this tome stays focused on introducing the overall index fund style。In summary， this book is a great place to start for beginner or intermediate investors， or those that want to assure their index fund strategy。 For those that are a bit further along in their investment journey， this serves as a great clarification of strategic identity that will need further expounding。 。。。more

Thanh Bảo ，

Mình đọc bản tiếng Việt， sách thích hợp cho bạn mới bắt đầu đầu tư。

Tin Mayer ，

This review has been hidden because it contains spoilers。 To view it， click here。 Easily the best book about personal finances and investing that covers all the basic aspects without unnecessary diving into too many details。 I would recommend this book to everybody。 You need to know this as young as possible。 Creating a personal financial plan is one of the most important tasks in your life。 What I took from this book is a deeper understanding pf mechanisms to protect your wealth and property。 None of the other investing books I’ve read so far covers this in such a deep and p Easily the best book about personal finances and investing that covers all the basic aspects without unnecessary diving into too many details。 I would recommend this book to everybody。 You need to know this as young as possible。 Creating a personal financial plan is one of the most important tasks in your life。 What I took from this book is a deeper understanding pf mechanisms to protect your wealth and property。 None of the other investing books I’ve read so far covers this in such a deep and profound manner。 。。。more

Renzhong ，

Really appreciated the sections and taxation and retirement planning in addition to the sound investment strategies。

Alexandra ，

if you haven't read a financial book this is a good one - but it's nothing different。risk: standard deviation of expected return。windfalls: 5k per year for every 100k invested in a well diversified， balanced portfolio。 inflation （start 4%， increase by inflation rate） if you haven't read a financial book this is a good one - but it's nothing different。risk: standard deviation of expected return。windfalls: 5k per year for every 100k invested in a well diversified， balanced portfolio。 inflation （start 4%， increase by inflation rate） 。。。more

Daniel ，

Basics of a sound financial lifestyle are always important。The book is about the basic concepts which an investor needs to know before investing。 Things like different financial products available （stocks， index and mutual funds， bonds。。。）， the underlying ideas behind these products and services。 More concepts like Diversification， Asset Allocation， Rebalancing， different investing strategies， behavioral finance ideas （like Recency Bias， Overconfidence， Loss-Aversion， Paralysis by Analysis， The Basics of a sound financial lifestyle are always important。The book is about the basic concepts which an investor needs to know before investing。 Things like different financial products available （stocks， index and mutual funds， bonds。。。）， the underlying ideas behind these products and services。 More concepts like Diversification， Asset Allocation， Rebalancing， different investing strategies， behavioral finance ideas （like Recency Bias， Overconfidence， Loss-Aversion， Paralysis by Analysis， The Endowment Effect， Mental Accounting， Anchoring。。。）。 Investing is about buying assets， holding them for long periods of time， and reaping the harvest years later。 It requires taking risks， but only when the odds are in your favor。 Speculating is similar to gambling。 Speculators buy an investment with the hope of selling it quickly and turning a fast profit。 Like gamblers， some speculators do win， but the odds are stacked against them。Index investing is an investment strategy that takes very little investment knowledge， no skill， practically no time or effort， and outperforms about 80% of all investors。If you buy an S&P 500 index fund， your investment is highly diversified and its performance will match that of 500 leading US corporation stocks。“Most investors， both institutional and individual， will find that the best way to own common stocks is through an index fund that charges minimal fees。 Those following this path are sure to beat the net results （after fees and expenses） delivered by the great majority of investment professionals。” —WarrenBuffet“If I have noticed anything over it is 60 years on Wall Street， it is that people do not succeed in forecasting what's going to happen to the stock market。” --Benjamin GrahamGreat starter for anyone who likes to learn about investing and financial markets。 。。。more

Rafael de F。 Ferreira ，

Excellent adviceThe content is solid， I’m not giving it the full five stars because parts of the book assumed previous knowledge that not all readers may have。

Dániel Kraft ，

A useful book if you would like to know the basics about investing， though， it focuses mostly to US market。

Usman Khaliq ，

A good primer on the boglehead philosophy of passive investing in low cost index funds。

Carlos Morais ，

It convinced me to start investing in a consistent way， using low commission index funds。 Let’s see we’re it takes me in 20 years :）

Leilani ，

This is one of the best books on investing that I have read to date。 There are so many useful references， tables， and examples。 There tables are helpful for understanding how rates of return can vary based on certain variables。 The numbers help to put the math in context。 I appreciated the discussion of which funds tend to be more or less tax efficient， and where to place funds based on this information。 I don't see much discussion of this topic in other books。 The book also has a great overview This is one of the best books on investing that I have read to date。 There are so many useful references， tables， and examples。 There tables are helpful for understanding how rates of return can vary based on certain variables。 The numbers help to put the math in context。 I appreciated the discussion of which funds tend to be more or less tax efficient， and where to place funds based on this information。 I don't see much discussion of this topic in other books。 The book also has a great overview of different ways to save for kids college education。 I love the coverage for insurance too。 And there are plenty of great book and website recommendations in the appendices。 Read the appendices！ If you want an easy， self-considered introduction to investing （primarily in index funds）， then read this book。 。。。more

Robert Simmons ，

As a UK citizen， I knew that reading this book would likely have less relevant subjects such as tax planning and specifics around funds only available in the US。 However， I found the topics still had some basis to the underpinning methodology of securing your financial future。 Keep it simple， keep it low cost， and keep it boring （boring pays！）。

Sukhjit ，

A great introduction book for a new investor。 Plenty of content is US centric however the concepts stand true everywhere。

David Conroy ，

READ THIS BOOK！ It gives you concrete steps for financial independence that anyone can follow。 I can’t recommend this enough。

David ，

Best investing book I’ve ever read。

Thomas Margot ，

Useless book if you do not live in the US。 It's like "The simple path to wealth" from J。L。 Collins， but even worse。 More than half of the book is only relevant if you live in the US: I Bonds， TIPS， 401k's， Roths。。。 Complete chapters， like saving for college （everything you ever wanted to know about Coverdell education savings accounts！）， insurance （learn how to optimize health insurance！）， estate planning （including ways to avoid probate by using POD and TOD wills！） and other completely USELESS Useless book if you do not live in the US。 It's like "The simple path to wealth" from J。L。 Collins， but even worse。 More than half of the book is only relevant if you live in the US: I Bonds， TIPS， 401k's， Roths。。。 Complete chapters， like saving for college （everything you ever wanted to know about Coverdell education savings accounts！）， insurance （learn how to optimize health insurance！）， estate planning （including ways to avoid probate by using POD and TOD wills！） and other completely USELESS information if you are not American。This book is also not optimized for the reader。 I don't think the authors knew who they were writing this for。 I think they just wrote down everything they knew， and that would be that。 Who is the reader for a book that both explains all the really basic information about stocks vs bonds， talks about how to save for college， explains how much you can take out when you're retired and deal with estate planning for your children？ Who is this book written for？ If you have just begun investing， who cares about what kind of will is optimal or about warnings that you shouldn't overspend or underspend in retirement？ If you are about to retire， who cares about basic information about stocks or about putting away as much you can when you are young？ It's a big waste of time。This book， if it should be called something should at LEAST be called "The Boglehead's Guide to Investing FOR AMERICANS"。 I cannot comprehend how they keep on talking about their website， bogleheads。org， KNOWING that it is an international community - they even mention this in the end: "We're geographically diversified， with Bogleheads in just about every nook and cranny in the United States。 We also have many foreign Bogleheads， including fom Canada， Australia， Hong Kong， India， Japan and a number of other countries throughout Europe， Asia and the Far East。" If that is so， why write a book called "The Boglehead's Guide to Investing" that is ENTIRELY focused on the US tax and legal system？ It makes no sense and is almost false advertising。I recommend other books like "A random walk on wall street" or the book from Bogle himself， "The little book of common sense investing" as good alternatives to this book， both for Americans and especially for non-Americans。 In my opinion， "The Boglehead's guide to investing" doesn't need to exist。 Read something better。 。。。more

Jay ，

This book explain the bogle's three fund portfolio which are domestic stock index fund， international stock index fund and bond market index fund。The fact that Vangard index fund exceed the most of financial fund performance is commonly known。the book explained each benefit in index fund， the accumulated benefit will be enough to explain the stochastically achieve the better performance than some of fund manger's picking fund。- no advisor risk- no asset bloat- no index front running- no fund man This book explain the bogle's three fund portfolio which are domestic stock index fund， international stock index fund and bond market index fund。The fact that Vangard index fund exceed the most of financial fund performance is commonly known。the book explained each benefit in index fund， the accumulated benefit will be enough to explain the stochastically achieve the better performance than some of fund manger's picking fund。- no advisor risk- no asset bloat- no index front running- no fund manager risk- no individual stock risk- no overlap- no sector risk- no style drift- low tracking error- above average return- simplified contributions and withdrawals- the benefit fo consistency- low turnover- low costs- maximum diversification- portofolio efficiency- low maintenance- easy to rebalance- tax efficiency 。。。more

Steven McGee ，

Certainly good advice in this book that is in line with other financial books such as Jack Bogle's Little Book of Common Sense Investing， Andrew Hallam's Millionaire Teacher， JL Collins' Simple Path to Wealth， and many others。 Easy to read and simple explanations but I would have preferred more concrete references and statistics rather than the vague ones referenced。 The content was also heavily directed towards Americans， not surprising as I believe all the Boglehead authors are American， but m Certainly good advice in this book that is in line with other financial books such as Jack Bogle's Little Book of Common Sense Investing， Andrew Hallam's Millionaire Teacher， JL Collins' Simple Path to Wealth， and many others。 Easy to read and simple explanations but I would have preferred more concrete references and statistics rather than the vague ones referenced。 The content was also heavily directed towards Americans， not surprising as I believe all the Boglehead authors are American， but makes the book it less applicable to my own financial goals compared to the other financial books I mentioned earlier。 Overall good starting point for someone looking to improve their financial well-being 。。。more

Sandra Kinzer ，

A good solid read。 Take notes。 I thought this would be a review of things I already knew， but there was a lot of new stuff that I didn't know。 （About taxes， rebalancing。） It is a little outdated but the core of the message is the same。 A good solid read。 Take notes。 I thought this would be a review of things I already knew， but there was a lot of new stuff that I didn't know。 （About taxes， rebalancing。） It is a little outdated but the core of the message is the same。 。。。more

Thomas ，

Great GREAT Book on your money and your investments。 I would put it at a close tie for #1 / #2 with Tony Robins - Money Master The Game。

Reference

google book https://www.google.com/search?tbm=bks&q=The Bogleheads' Guide to Investing

hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=The Bogleheads' Guide to Investing&field1=ocr&a=srchls&ft=ft&lmt=ft

The British Library https://bll01.primo.exlibrisgroup.com/discovery/search?query=any,contains,The Bogleheads' Guide to Investing&tab=LibraryCatalog&search_scope=Not_BL_Suppress&vid=44BL_INST:BLL01&lang=en&offset=0