And the reason is, these authors stand to gain nothing from it. At retirement (2000) I spent 2-years studying this stuff (dozens of books), only to discover it is absurdly simple. 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. If you only invest in one stock or one market and that stock or market crashes, your entire portfolio will crash. This book contains several essential messages: The book explains all these messages (and a lot more) quite well. 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. You may need more or less money in retirement. This blog is relating his story and findings. : financial "advisors") I realized I had to learn about this topic. Get our best strategies and tips straight to your inbox. The book not only does a … —Jack Bogle”, “I helped put two children through Harvard—my broker’s children. After speaking with many friends who are do-it-yourself investors who have cut out the middle-men (i.e. This page works best with JavaScript. If you do not understand an asset, you should not invest, you should always research before you invest or seek advice. Very well-written, effective teaching tool. This book is the culmination of a quirky sort of grassroots movement in the financial industry. Reviewed in the United States on January 21, 2019, Reviewed in the United States on April 11, 2018. It's written in such a way that it's totally acces. 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. The book’s message is simple...keep it simple, keep costs low, and stay the course. A fantastic overview of an investment strategy that makes the case for mostly buying index funds/mutual funds/ETFs and holding onto them. I am fully on board with this strategy and am so glad to have learned these important lessons while I'm still. If you can, you should, of course, avoid debt in the first place. https://thepoorswiss.com/bogleheads-guide-investing-book-review/. Here is another book review of an investing book. But that is only a small point. You should especially avoid all funds with more than 0.4%-0.5% fees. 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. This book is their effort translating their investing experience, and distilling into a form that is very readable to the common investors. Mr. This book is perfect for anyone who wants/needs to learn the basics of investing. The Bogleheads’ Guide to Investing is a handy resource that is written for anyone who may be grappling with a financial problem or simply wants to know how to invest money to get the best results. Minimize the costs of your investments: Only use no-load funds with very low fees. You cannot invest exactly like an investor from the United States when your country is many times smaller than the U.S.! But you cannot apply the same portfolio to a small country as you would to the United States. This was really good book. The book's financial advice centers around a philosophy outlined by John Bogle, founder of Vanguard, and focuses on low-cost, no-fee, no-commission, indexed, do-it-yourself investing that not only is simple and hands-off, and over the long term outperforms 90% of managed portfolios (where "advisors" tinker around with buying and selling). I think it is an excellent book, well-written and full of excellent advice. But you can control how much you are losing to fees. It's good general advice even though it's very conservative and it's beyond focused on investing in the US. Of course, you should avoid funds with load fees. In that case, you should rebalance by selling some of your stocks and invest them into bonds. You cannot control the returns on your portfolio. 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. My money was rotting away in a lowest interest savings account. Diversify: Do not put all your eggs in the same basket. Learning about investing is crucial but obsessing over it can be detrimental. the best personal finance books I have read. That is the case for most books. This should help you by buying low and selling high automatically. 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. This book isn't about getting rich quick or beating the market every year. Anyone who earns money and wants to have a firm financial foundation (FFF) should read this book. In 2017, he realized that he was falling into the trap of lifestyle inflation. 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 was impressed to see the authors cover some additional topics like getting life insurance, the importance of having a will etc, which was an added bonus. However, the book isn't really all that geared toward young investors, and much of the book covers strategies that would be more relevant for people closer to retirement age rather than those just getting started with investing. 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. Reviewed in the United States on November 20, 2006. It also analyzes reviews to verify trustworthiness. 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's a good book, however it's not fully universal, i.e. Learning about investing is crucial but obsessing over it can be detrimental. This topic was previously completely foreign to me. So, the rebalancing will be very different as well. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. If you are a beginner at investing, just go buy this book rightaway !!! many aspects are related to USA only. Anyone considering what to do with their retirement savings should look here first - after … Excellent book on investing! If you get some percent of improvement each year, this improvement should be compounding each year. It also contains helpful advice for creating more tax-efficient portfolios, diversifying your investments, and more. He made it a goal to reach Financial Independence. I highly recommend it. Experiencing, listening to the further experience, adventuring, studying, training, and more practical goings-on may urge on you to improve. Reviewed in the United States on January 20, 2015. “The shortest route to top quartile performance is to be in the bottom quartile of expenses. If you need free, in-depth, investment planning guidance, look no further. But aside from this, it is an excellent book. I’ve considered myself a Boglehead since 2008, when I stumbled upon. Bogle has it's place, and it's Vanguard 401k. Following John Bogle's I switched most of my investments to low cost index funds. 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. You can profit from its advice to elaborate on a sound investment strategy. The most enlightening chapters were about how index funds were important and how costs, taxes & fees mattered in affecting the bottomline. great all-around guide to investing. If you already read the Bogleheads Guide to Investing, I would be glad to hear your point of view. You should start to invest early: By the power of compounding, starting early even with small sums will amount to a large amount. First, as it is the case with almost every American book, it is not easy to translate all the advice here.

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