# How to Invest Like a Boglehead: A Review of “The Bogleheads’ Guide to Investing”
If you are looking for a simple, practical and effective way to invest your money, you may want to consider becoming a Boglehead. A Boglehead is someone who follows the investment philosophy of John C. Bogle, the founder of Vanguard and the creator of the first index fund. Bogle’s approach is based on four main principles:
– Invest for the long term
– Diversify your portfolio
– Minimize costs and taxes
– Ignore market noise
These principles are explained and illustrated in “The Bogleheads’ Guide to Investing”, a book written by three millionaires who met online and combined their investing experience and efforts to help others . The book is a DIY handbook that offers contrarian advice that provides the first step on the road to investment success. It covers topics such as:
– Choosing a sound financial lifestyle
– Setting realistic goals and planning for retirement
– Saving early and often
– Selecting appropriate asset classes and funds
– Rebalancing your portfolio periodically
– Protecting your assets from inflation, deflation and market crashes
– Estate planning and gifting
The book also includes new information on backdoor Roth IRAs and ETFs as mainstream buy and hold investments. It is written in an accessible and witty style, with anecdotes, examples, charts, tables and quizzes. It also features quotes from John C. Bogle himself, as well as other investing legends such as Warren Buffett, Benjamin Graham and Peter Lynch.
The main message of the book is that investing can be simple, but it’s certainly not simplistic. By following the Boglehead approach, you can avoid the pitfalls of chasing performance, timing the market, paying high fees or falling for Wall Street hype. Instead, you can focus on what really matters: building long-term wealth with minimal risk and effort.
The book is not meant to be a comprehensive guide to every aspect of investing. Rather, it is an introduction to the basics that every investor should know. It also encourages readers to do their own research and learn more from other sources, such as books, websites, forums and podcasts. The authors recommend visiting www.bogleheads.org , which is the largest and most active non-commercial financial forum on the Internet .
“The Bogleheads’ Guide to Investing” is a valuable resource for anyone who wants to learn how to invest wisely and successfully. Whether you are young or old, rich or poor, experienced or novice, you can benefit from this book. As John C. Bogle says in his foreword: “If you master its contents—and put them into practice—you will be well on your way toward achieving financial peace of mind.”
# About author
If you are looking for a book that can teach you how to invest wisely and successfully, you might want to check out The Bogleheads’ Guide to Investing by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf. This book is based on the investment philosophy of John C. Bogle, the founder of Vanguard and the creator of index funds. Bogleheads are investors who follow Bogle’s principles of low-cost, diversified, and long-term investing.
But who are the authors of this book and what makes them qualified to write about investing? Here’s a brief overview of each author:
– Taylor Larimore: He is one of the founders of the Bogleheads online community and a retired lawyer and executive. He has been investing for over 70 years and has written several books on personal finance and investing. He is also a decorated veteran of World War II and the Korean War.
– Mel Lindauer: He is another founder of the Bogleheads online community and a former Forbes columnist. He has been investing for over 40 years and has been featured in various media outlets as an investment expert. He is also a certified financial planner (CFP) and a chartered financial consultant (ChFC).
– Michael LeBoeuf: He is a professor emeritus of management at the University of New Orleans and a best-selling author of several books on business and personal success. He has been investing for over 30 years and has consulted for many Fortune 500 companies.
Together, these three authors have distilled their collective wisdom and experience into an easy-to-read, practical, and comprehensive guide to investing for everyone.
The book has received positive reviews from financial experts and critics. Here are a few examples:
The Wall Street Journal: “A classic example of the wisdom of crowds…provides investors with a low-cost strategy that works in both good times and bad.”
Forbes: “A great guide for novice investors who want to start on the right foot.”
The New York Times: “A straightforward guide that covers all the basics…an ideal book for those who want to learn more about investing but aren’t sure where to start.”
Morningstar: “A book that can help investors of all types set up a sound, low-cost portfolio.”
Some reviewers have criticized the book for being too focused on index funds and not providing enough information on other types of investments. However, the authors make it clear that their approach is based on the principles of legendary investor John C. Bogle and his belief in low-cost, passive investing.
Overall, “The Bogleheads’ Guide to Investing” is widely regarded as a valuable resource for investors looking to develop a sound investment strategy based on low-cost, passive investing principles.
4.7 out of 5 stars based on over 1,900 customer ratings and reviews
Many reviewers praised the book for its practical advice, easy-to-understand language, and emphasis on low-cost investing principles. Some also noted that the book is geared towards beginners and may not be as useful for more advanced investors.
4.23 out of 5 stars based on over 8,700 ratings and over 600 reviews
Many readers found the book to be a valuable resource for developing a sound investment strategy and praised its clear explanations and practical advice. Some reviewers noted that the book is geared towards US investors and may not be as relevant to readers in other countries.
Overall, “The Bogleheads’ Guide to Investing” has received high ratings and positive reviews from both Amazon and Goodreads users. It is widely regarded as a valuable resource for beginner and intermediate investors looking to develop a sound investment strategy based on low-cost, passive investing principles.
# Product details
- Publisher : Wiley; 2nd edition (November 5, 2021)
- Language : English
- Paperback : 336 pages
- ISBN-10 : 1119847672
- ISBN-13 : 978-1119847670
- Item Weight : 14.4 ounces
- Dimensions : 6 x 0.76 x 9 inches
- Best Sellers Rank: #12,122 in Books (See Top 100 in Books)