The Bogleheads' Guide to Investing
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The Bogleheads' Guide to Investing

4.07 of 5 stars 4.07  ·  rating details  ·  290 ratings  ·  62 reviews
"The Bogleheads' Guide to Investing" is a slightly irreverent, straightforward guide to investing for everyone. The book offers sound, practical advice, no matter what your age or net worth. Bottomline, become a Boglehead and prosper Originally just the chat-line ruminations of Boglehead founder Taylor Larimore, and Morningstar forum leading cohorts Mel Lindauer...more
Paperback, 307 pages
Published September 28th 2007 by John Wiley & Sons (first published January 3rd 2006)
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Christina
I originally read this book sometime in 2006-2007, but I did a another quick review/read for our investment group and I found it to still be a solid, concise, basic manual for investing.

I've always been a huge John Bogle and Vanguard fan and I love the tenets of his philosophy- low cost, index funds, held for the very long term. This book will show you how this approach will pay off in the long run, while educating you on types of investments, asset allocations, tax do's/don'ts, c...more
David
Sometimes one needs to be reminded of the basics. I was that someone and this strangely-titled book was my reminder.

If I'd not read very positive reviews about it on some financial forums, I would never have picked up this book. The title and cover would have acted like reading repellant. But I did. So I gave it a shot. I'm very glad I did. Turns out the weird title is just a reference to Jack Bogle, the founder of Vanguard. The authors of this book are followers of his soun...more
Jay
This was definitely the best book I've ever read on investing. While in some cases the topics were at too basic of a level, that's the advantage of the book overall: everything is explained simply yet comprehensively. I could see very clearly all of the mistakes I've made over the years!

One of the main premises of the book is this: being average is perfect. In other words, if you simply invested in index funds, and allocated your funds in a tax-efficient way, you'll come out ahead of ...more
Danielle
John Bogle is the founder of Vanguard, the investment firm that is owned by it's investors and known for low-cost index funds. The Bogleheads are a group of individuals that subscribe to Bogle's investment strategy: putting the majority of your money in various index funds and letting it sit there undisturbed (except to redistribute), and using your age as a basic predictor of how many stocks vs bonds you should own. It's a fairly conservative strategy that is all about letting your money grow...more
Inclusioner
A really bad batch of advice, except for the conventional nostrums about saving money.

But investing in the stock market over the last decade in low cost index funds, as the authors recommend, would have netted you exactly nothing.

On the other hand, informed stock pickers who invested in companies like Apple, would have gotten rich.

The authors claim that over the long term, investing in index funds beats every other stock market strategy. Statistically, that's ...more
Trevor
Trevor rated it 5 of 5 stars  ·  review of another edition
Recommends it for: Beginning Investors
Recommended to Trevor by: Financial Blogs
This book is perfect for anyone who wants/needs to learn the basics of investing. This book isn't about getting rich quick or beating the market every year. It's about the fundamentals of setting long-term goals and then allocating your financial resources in the simplest way possible to achieve those goals. It covers the basics of everything from investment options and asset allocation to tax implications and how much insurance you should have. It's written in such a way that it's totally acces...more
Shannon
I found this to be a really good beginner's guide to investing. It explains all of the basics including inflation, ways to save, taxes, and then talks a lot about why it is foolish to try to beat the odds yourself, or even with a mutual fund. Over any significant amount of time, a very low expense index fund will beat nearly all mutual funds. Another very helpful part for me was that it talked about if you had both a tax deferred account (IRA) and a standard account, which parts of your diversif...more
Skellie
Very useful intro to sound investing practices. Makes a convincing case that people who buy index funds and hold them for a long time do better than the majority of people involved in stocks. Also, that a good guide is to have your age in bonds (percent of total) so that your portfolio gets more conservative as you get older. Really fascinating to hear how people who actively trade tend to under-perform the market over time. The book advocates a very simple strategy based mainly around patience ...more
Todd
This is a standard investment book extolling the virtues of indexing, smart allocation, and regular rebalancing. Additional topics like estate planning and insurance are tacked on the end for good measure.

Having already read Four Pillars of Investing and Random Walk Down Wall Street, there wasn't much new in this book. But it is a good overview, and like most investment books I wish I had read it fifteen years ago.

I think that I would recommend this book over the others m...more
Rachel
A lot of the info was pretty basic (and I don't consider myself an especially educated investor), but there was also some really helpful stuff in there, particularly the chapters that deal with taxes in investments and how to divide your investments between retirement and taxable accounts in order to lose the least amount to taxes. Not an amazing book, but I'm glad I read it and there are several things I am going to definitely refer back to and use.
Mike
I really enjoy anything related to Jack Bogle and he didn't even write this book. People calling themselves Bogleheads meaning they adhere to his principles of investing and life decisions did. And while I'm leary of crowd mentality or holding anyone up to infallibility or asking what would so and so do, Bogle's principles are easy to admire.

He started Vanguard, it is owned by its funds meaning by its investors. He is an insider in an industry he has altered drastically. The little...more
Dan
Good advice. Most of it is basic and I've heard it before. Some of it is good to hear again, because otherwise your confidence might waver. And, there was some advanced stuff that I had not known before, especially regarding tax planning and inflation-protected treasuries. Since it inspired me to make a change to my portfolio, I give this book a "liked it".
Luke
This is a fantastic book that anyone who plans to invest money should read. As that category includes everyone who wishes to retire at some point, I recommend this book to everyone!

The authors do a good job of explaining investing principles in fairly basic terms. Very informative and great advice!
Erik Dewey
A good introduction to investing. The authors are biased towards index funds, but they take great pains to explain why and frankly I agree with them.

It offers some excellent advise on what mix of investments to have, how to purchase them, and what to do with them once you have.

Nothing earth shattering or new, but well written and easy to understand.
Dan
Dan rated it 5 of 5 stars  ·  review of another edition
Shelves: 2010
Essential reading for... well, anyone who would like to build some wealth and retire eventually. Most of the tips hold up pretty well even after the financial crisis, and the book's deepest lesson--to count ALL expenses as expenses in investing (including taxes and fees)--is always welcome.
Sarah
Great book if you want to learn how to balance your portfolio. Focuses on funds, particularly Vanguard funds. Good book to browse if you feel like you have no idea where to put your money and want to wrap your head around it.
Liza
A great overview of investing basics, thought don't look to this book on exhaustive details for any one investment strategy. Really good for newbies (like me) who have no idea how to get started with investing. Covers a lot of core terminology really well.
Gavin
This is a really informative, no nonsense explanation of investment principles. I enjoyed the writing style and the fact that, while they stressed that you have to find your own path, the authors were not afraid to express their own opinions.

Investing is like anything else...you have to find what's right for you. That said, after years with a financial advisor that's constantly bragging about his ability to beat the market, the methods in this book definitely resonated with me. Sc...more
Melanie
Great introduction of investing terms and meanings - written by the guy who founded vanguard mutual funds. definitely for the beginner. At times it reads like a textbook, but then, thats not completely surprising. What i like is that its not just the presentation of facts, as in a textbook (although both are told from the "winner's perspective"), but also recommendations. and the authors' bent towards vanguard is explicit, although they do pull in examples from their contemporaries: fi...more
Peter
I read this book when it came out last year and I must say in a single year it has changed my financial life forever. Although I don't invest in Vanguard funds, a favorite of the authors, I have found low cost index investing the way to go (if you are in education or non-profit world, TIAA-CREF offers some really good low cost index fund alternatives). I am healthier and wealthier for reading this book. You will too!
Sara Phillips
This is supposed to be a good book for people new to investing. I was never a person who had any exposure to investing or economics or advanced money principles growing up, so I approached this book really knowing mostly nothing. And truth be told, I didn't understand everything I read in this book. But I did learn from it, and picked up some good tips. Here is a summary of the three main points of this book:
1. Save a lot. Save as much as you can, even if you think you have nothing ...more
Jason
One of the better beginners investment books. Probably best read as a followup to The Little Book of Common Sense Investing
Meer
Good book to have in your collection and a great resource for anyone looking to take control of their financial well-being.
Kristy Ot
I found this very helpful. They take a "slow and steady wins the race" kind of perspective that I seems very sensible.
Vinayakam
One of the best books on investing... everybody should read this at they are money earning point in their lives...
Blakely
While I was reading this book one of the bloggers I follow happened to mention that this book is his favorite investing book. I would have to agree. This book lays out basic investing concepts in a simple format while giving well-thought out reasons for all of the steps recommended. Some of the chapters are a bit boring and I definitely don't recommend reading the chapter on insurance while at the gym (that was one of the longest 45 minute workouts of my life). But other than that I highly r...more
Ken-ichi
Ken-ichi marked it as to-read  ·  review of another edition
Recommended to Ken-ichi by: Stephanie
I don't know if I'll actually read this, but maybe it will help me get over my fear of money.
David
"Index investing" is the name of the game for John Bogle (founder of Vanguard). This book covers how to maximize returns while minimizing risk and effort. This is not a "get rich quick" scheme, it is a "get rich (very) slowly" book. There's a lot of good info in here on how taxes and inflation effect your money (and how to minimize the former), proper asset allocation, and why you should never trust your money to a Wall St. "professional." Overall there's ...more
Hiroyuki Takayama
great book for the beginner - you will understand all that is presented in the book
Amanda
Good information to help understand investing and what to do. I found it quite helpful.
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A pedestrian and flawed guide 1 2 Sep 02, 2011 12:03am  
I work at Vanguard 1 26 Aug 04, 2008 06:52pm  
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