The Bogleheads’ Guide to Investing 2nd Edition by Mel Lindauer (PDF)

Description

The irreverent guide to investing, Boglehead styleThe 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 portfolioStart early, invest regularly, and know what you’re buyingPreserve your buying power, keeping costs and taxes lowThrow out the “good” advice promoted by Wall Street that leads to investment failureFinancial 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.

User’s Reviews

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐This book is a valuable guide for investing without the need to pay a fee or percentage of your assets to a financial planner. The book is broken down into 23 chapters plus four appendices, and you can pick and choose the ones relevant to your financial needs. I’m a retired investor who wants an uncomplicated investment portfolio. I found that this second-edition book (as a follow-up to the 2006 first edition) guides me and provides convincing information in sufficient detail with simple, straight-forward explanations. All of this adds up to give me enough confidence to invest on my own. I have invested primarily in low-cost Vanguard index mutual funds for about the past 10 years and have done well. I understand and am prepared for the market ups and downs with my Bogleheads-inspired investment plan.

⭐Haven’t gotten to the end yet but it’s a pretty decent book kind of drags along and doesn’t really give you the skills but kind of tells you their story

⭐For years I did what my advisor told me without understanding what was going on. Fortunately, she was a good advisor and steered us through calm and troubled waters. Now I’m retired and I have time to educate myself, even though it’s a little late in life. Potentially, my wife and I still have a 15-20 year window of opportunity even though our risk/reward ratio has changed.This book is something I wish I had read many years ago (If it existed). It is full of sound advice for investors, young and old. I have made some of the mistakes written about in this book and recognize the emotional, knee-jerk reactions, born out of fear and ignorance that can cause so much damage to a retirement plan.I read the book as soon as I got it and have recommended it to a friend already (a well-educated man who Has made similar mistakes out of fear for losing his wealth).The key terms are risk tolerance (Asset allocation), a balanced portfolio, tax efficiency and cash management, to name a few that stick in my mind. This book may not be the last book you ever read about financial planning but it will probably switch a light on in your brain and help you understand what good financial advisors already know.This book will lay out the sensible way to deal with your assets, how to build them and how to manage them. You may retain an advisor also but at least you will know what is happening and why.This is a book that I highly recommend for new or seasoned investors. Bogleheads are Vanguard enthusiasts because they have been involved with the company but the ideas in the book apply to all investment companies like Fidelity and many others. Vanguard is known for its low cost index funds and offers various services to investors at all levels. Mr. Bogle is a Vanguard founder if not THE founder of Vanguard. The book talks about him. ENJOY!

⭐I read investing books too. These are not on the normal diet, but these books are valuable for a minister. I really like Vanguard for investments, and you can invest much cheaper through this investment house. You can have a adviser, but if you are mostly doing mutual funds, it makes little sense to pay someone 3-4 percent for long term investments. If you have no knowledge at all, you can invest in a target fund with Vanguard, and you will be in good shape. As a minister, you have to mostly look after your retirement. There is no pension, company match, and often no money set aside for your retirement. You could stop preaching, and have only Social Security, unless you got out. I feel this is a mistake because as a minister you never know what will happen. You can invest the money and make more, but if something happens to your health, you are in terrible shape. This book is simple, and for the average investment. The principles are tried and true. It goes into stocks, bonds, saving bonds, and T-Notes. It talks about having a long term perspective, and mostly to avoid trying to time the market, but no minister really has the time or talent to accomplish. It is about simple index investment styles, and even provides portfolios for you. You will enjoy it, and it is a good read for this type of writing. At the end of the day, we believe this, but in investing, we are average. Here is a quote. ” Despite the statistical impossibility, at least 70 percent of Americans believe they are above average. The vast majority of us think we are above average drivers, above average in intelligence, above average in appearance, and so on.” As a preacher, you better educate yourself on 401K, Roth, or Tradition IRA’s, and Funds, or Stocks, because rarely will anyone else do this for you. And this is the book to help you. I like the fund family too, and if you have questions, I would be happy to help.

⭐This book is easy to read. It should be required reading to graduate from college. Without trying to sell me anything, it shows how to invest in order to be able to retire comfortable. It shines a light on the tricks and deceptions of Wall Street and how to avoid them. I was so impressed that I have bought copies for adult children and older grandchildren.

⭐This book is something that should be used as a text book in high school to teach kids how to become responsible adults and how to properly manage their money. It would save Americans trillions of dollars and help them secure their finances for now and for the future. Do not invest a single dollar before you read this book. Better yet, don’t spend your first paycheck before you read the book. It is very simple common sense advice that for whatever reason escapes most of us. The main point of the book is that you don’t always get what you pay for. Once you understand that, you will be half way to understating investing. It is very biased towards Vanguard Funds, but once you understand the advantage of no-load low-expense funds you will be biased too.Book advises: If your broker is a nice guy and you like him, buy him a cup of coffee once in a while, but don’t give him your money.

⭐This book was very informative, I feel that this book really helped me understand the world of investing and how to better navigate.

⭐This is an excellent guide for people with little to no knowledge about investing. It’s clearly written and easy to follow.

⭐Quite US-centric (mostly sections regarding taxes), but generally gets the key messages across for people searching for long term, no-hassle investing.

⭐75% of this book is an excellent, well written and invaluable read. The other 25% details US tax and investment vehicles and is not worth reading for anyone living outside the US.

⭐The Bogelheads guide to investing is one of the simplest and best books on investing I have read. It is recommended reading for anyone new to investing.

⭐The book contains more relevant and pertinent information for a US resident since it contains a lot of information on the products and services that someone like me in Canada don’t necessarily have. However , it’s still very relevant because although we may have differences in government regulations, products and services , investing is the same everywhere . I highly recommend , you will definitely learn a lot .

⭐Fantastic book on investing lots of great information. Book is mostly is aimed at the American audience but as a Canadian the underlying message of this book still applies. If you are Canadian you are likely going to need a more practical book aimed at Canadian try The Value of Simple: A Practical Guide to Taking the Complexity Out of Investing.

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