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The Bogleheads' Guide to Investing

4.28  ·  Rating details ·  5,710 ratings  ·  306 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 and Michael ...more
Hardcover, 307 pages
Published January 1st 2006 by John Wiley & Sons
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Chad Warner
May 20, 2012 rated it really liked it
Recommends it for: investors
Shelves: finance, non-fiction
A Boglehead is an investor who follows the philosophy of Vanguard founder John Bogle. This book contains simple, honest, and wise financial advice based on that philosophy. Contrary to active investing, with its market timing and performance chasing, the Bogleheads espouse passive investing, and base their strategy on Efficient Market Theory (EMT) and Modern Portfolio Theory (MPT). I’ve considered myself a Boglehead since 2008, when I stumbled upon the Bogleheads forum and moved my money into ...more
Jun 17, 2017 rated it really liked it
Shelves: personal-finance
This is a really awesome investment book, especially for beginners. I highly recommend it.

Here is a summary of some of the notes I took while reading:
Debt = negative wealth

Debt is deadly and earning to spend gets you nowhere. The people who reach financial freedom focus on accumulating wealth over time. Focus on your net worth more than your net income.

Before you start investing:
1. Graduate from a paycheck mentality to a net worth mentality.
2. Establish an emergency fund
3. Pay off credit card
Kit Pang
Jan 04, 2015 rated it really liked it
Great last paragraph in the introduction from the authors (Taylor Larimore, Mel Lindauer, and Michael LeBoeuf):

"We have no hidden agendas. We aren't financial planners or money manager looking for clients. We don't have a high-powered, get-rich-quick weekend seminar to sell you. We are all well over 70 years of age, financially secure and haven't missed a meal yet. Our primary mission is to simply to support Jack Bogle's mission by teaching others how to get the best long-term return on their
Nov 30, 2008 rated it it was amazing
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 ...more
Jun 17, 2019 rated it it was amazing  ·  review of another edition
Shelves: 2019
A great resource

This is a comprehensive book on personal finance and investing. It is accessible to beginners, but definitely goes into more advanced topics as well. I am grateful I decided to purchase this book so that I have it as a reference in the future.
The term Bogelhead comes from Jack Bogel, founder of Vanguard and the inventor of the index fund. Bogelheads tend to follow Bogel's advocacy for low cost investing through index funds, buying and holding funds, keeping things simple, and
Oct 19, 2014 rated it liked it
Shelves: future-reference
Reading The Millionaire Next Door was my first step to building a responsible financial lifestyle; The Bogleheads Guide to Investing took me to the next level. Both of their books have their flaws, but they do a great job at showing the bigger picture. This review will be focussed on the last book, yet I recommend you to read The Millionaire Next Door before you read The Bogleheads Guide to Investing.

What did I like about Bogleheads Guide to Investing?
The book is accessible for the layman, and
Being new to the subject of investing but having taken a keen interest in it over the past year after opening up an Acorns account and learning about asset allocation and portfolio strategies, I wanted to learn more. I initially picked Burton Malkiel's classic, A Random Walk Down Wall Street but it proved to be too daunting and intimidating for a novice like myself, without even starting the book. I also had this book, The Bogleheads' Guide to Investing, which I picked up from the library to ...more
Barry Blonde
Oct 15, 2014 rated it really liked it  ·  review of another edition
This is the second book I've read in the series by the same author's involving Boglehead's and their philosophy of investing. I'm so glad I found this group of un-selfish and knowledgeable individuals who really speak frankly and knowledgeably about the in and outs of investing your money. If you need free, in-depth, investment planning guidance, look no further.
Aug 31, 2015 rated it really liked it
Shelves: economics
A very basic book targets for beginner in investing. Especially suitable for Americans. Talked about the importance of saving, the difference of investing options, and further explained why we should focus on index funds. Other chapters are good for reading Asset Allocations and rebalancing your portfolio.

Ethan R
Jun 08, 2017 rated it it was amazing
A great beginner's guide to financial planning. I recommend reading the last chapter first for the distilled version of the book. That may be all you need and then you can visit the appendices for more advanced resource recommendations. Or you can flip to the relevant chapter discussing whatever topic you are most interested in.
Apr 13, 2015 rated it liked it
I have to admit that I only read about half this book because I am not at a place in my life where I can start investing. That being said, I did like what I read, and I hope to refer back to this book when the time comes that I'm ready to open that IRA.
Feb 18, 2018 rated it really liked it
Here's what I learned by chapter:

Ch 8 Asset Allocation
* Investors will benefit from an international stock allocation of 20-40% of their equity allocation.
* REIT funds shouldn't exceed 10% of your equity allocation.
* Don't use high-yield bonds since they are more like stocks, waste of space in retirement accounts
* TIPS is a type of bond: VIPSX for low risk/return and VTAPX for higher risk/return
* High-income taxpayers should consider tax-exempt (municipal) bonds when tax-advantaged accounts are
Sep 30, 2019 rated it it was amazing
Excellent book on investing! The book’s message is simple...keep it simple, keep costs low, and stay the course. Learning about investing is crucial but obsessing over it can be detrimental. I do not have the time to follow the market (nor should I try or according to Bogleheads) and this book really helped increased my understanding of the simple actions I can take now to prepare myself financially for the future. Anyone who earns money and wants to have a firm financial foundation (FFF) should ...more
Nick Claxton
Apr 06, 2018 rated it really liked it
This was really good book. It goes through all the ways you can invest and also gives you some things to think about.
It is definitely not a beginners guide though. I say this because it does not really dig deep into ways to get started where or how to do it. It is bias on the Boglehead way to do in the fact that it makes it seem indexing is the only way to go. While it may be strong and smart is it it really the only way?
It is a good book with lots of facts about a lot of the routes to
Jan 29, 2017 rated it it was amazing  ·  review of another edition
Clear, concise, easy to read common sense financial planning.
Feb 01, 2018 rated it it was amazing
Shelves: finance
One of the best personal finance books I have read. I previously read The Only Investing Guide You'll Ever Need and I found this easier to understand. I am quite basic in this area but despite this the book is very well written and easy to understand and follow. If anyone is new to personal finance I highly recommend this book.
Dec 30, 2016 rated it really liked it
I think the most important thing to address here is why you should read this book instead of any of the 3 million other investing books out there in the world. And the reason is, these authors stand to gain nothing from it. They even spill some ink in the introduction telling you to just borrow this book from a friend or the library if you're so inclined.

99% of the authors of investing books are just advertising themselves. They want you to buy their other 20 books, take their pricey classes,
Very well-written, effective teaching tool.
Adriano De almeida
Feb 21, 2017 rated it it was amazing
Start with some basic financial advices: spend less than you earn, live below your means, invest in your future rather than your present and so on. And soon gets more interesting, dissecting all main american investment types (that are somewhat similar to brazilian ones, with a few small differences).

Then it gets to advanced subjects, with balancing your portfolio, risk management and retirement planning.

The book is crowded with smart advices and is a true eye opener when you consider how you
Nov 23, 2015 rated it it was amazing
(This is a review of the 1st edition)

This is the first and only book on investing I've read, but I'll be very surprised if I ever learn it wasn't a good choice. The message is simple and consistent:
- choose a stock vs bond allocation based on your risk tolerance -- your age% bonds and the rest in stocks is the rule of thumb.
- invest in *low cost* stock and bond mutual funds -- such as offered by Vanguard -- according to your chosen allocation.
- rebalance to your chosen allocation on a fixed
May 09, 2016 rated it really liked it  ·  review of another edition
This book is a great reference for both investment strategy and general financial planning, including saving for college, withdrawing during retirement, and end-of-life planning. The main ethos of the book lies in a DIY investment strategy which both history and research support as the winning way to consistently win out over most stock pickers and fund managers over a long time horizon. I am fully on board with this strategy and am so glad to have learned these important lessons while I'm still ...more
May 14, 2012 rated it it was amazing
I'm a bit embarrassed at reading an investment book, but I'm also a bit proud too. This topic was previously completely foreign to me. After speaking with many friends who are do-it-yourself investors who have cut out the middle-men (i.e.: financial "advisors") I realized I had to learn about this topic. This book pulled back the curtain on the financial advisor business plan and outlined how regular people can take control of their own finances very easily. The book's financial advice centers ...more
Shai Sachs
May 20, 2016 rated it liked it
This book is the culmination of a quirky sort of grassroots movement in the financial industry. The Bogleheads are a group of "average" investors, inspired by Vanguard founder John Bogle, who seek to take control of their financial future by choosing fairly simple investing strategies. Those strategies are guided by the twin principles of, on the one hand keeping investment fees and taxes low, and on the other hand sticking with their baseline strategy for long periods of time. and They ...more
Nov 11, 2010 rated it it was amazing
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 pretty
Jul 03, 2013 rated it really liked it  ·  review of another edition
Shelves: own
Just a great all-around introduction to investing. I went into this book knowing the basics about stocks and bonds and came out of it feeling much more prepared to take control of my financial future.

The book contains a great overview of different types of investments that I didn't know about (like REITs and ETFs), information on asset allocation and risk, as well as brief introductions into things like saving for college and what to do with a financial windfall. The general investing ethos of
Nov 06, 2015 rated it really liked it
Really good book for beginners - I can see why this is so highly recommended across the board. Suggested for anyone who wants to get their personal finances in order but doesn't know what a mutual fund or variable annuity is, and is too scared or overwhelmed to ask. Absolutely one of the first books in this field that I'd recommend to my friends.

I'd also note that the paperback version and the version I read are the first edition, copyright 2007. There's now a second edition, which was
Manikya Ramesh
Apr 26, 2016 rated it really liked it
this book is a great read for a novice like me to understand the basics of investing in shares and mutual funds. before reading this book I was not in a position to clearly understand investment and financial matters. now I feel confident to discuss about my investment issues with others and take their suggestions. only draw back is this book is written for american investor.. so everything may not hold good for Indian investor.. for eg: according to the authors, index funds r relatively safe ...more
Nov 29, 2014 rated it it was amazing
Straightforward, sound, and easy to understand advice for good investment practices. They start from the basics and make very few assumptions about your background and goals. In addition to going over all the different types of investments and the best strategies, they cover topics such as saving for college, saving for retirement, types of insurance to have, and how to keep your emotions from interfering with your investing. I am generally risk-averse and this book convinced me that in my ...more
Aug 05, 2014 rated it really liked it  ·  review of another edition
Good introduction to investing. I first heard about this book after visiting reddit's personal finance subreddit. I had just started working full time and was looking for a way to invest my savings. This provided a great introduction of every thing from asset allocation to taxes to estate planning.

However, it lacked some depths on some of the topics I felt should have been at the core of this book, such as asset allocation, and spent some time covering topics that are not really investing
Jun 17, 2016 rated it really liked it
Shelves: non-fiction, finance
A good guide for overall finances, with emphasis on investing (obviously). I never felt too bored or too overwhelmed with information with this book - it felt just right.

Again though, this was written for an American audience, and while some advice can be carried over to suit my finances in Canada, a lot of it cannot. However, I can probably do some further reading online for some advice on Canada-specific things.

On a random aside: boy do these financial guys LOVE touting "there is no free
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