The Bogleheads' Guide to Investing
"Kindness, integrity, and common sense can be scarce on Wall Street, but the Bogleheads have each in abundance. Reading The Bogleheads' Guide to Investing is like learning investing from your grandfather. There's a lifetime of wisdom packed into these pages, coupled with a sincere desire to help investors meet their goals. Jack Bogle will be proud!"\ —Don Phillips, Managing Director, Morningstar\ "The Vanguard Diehards—a.k.a the 'Bogleheads'—are easily the planet's most well-informed,...
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Now, with The Bogleheads' Guide to Investing, you'll discover what it really means to be a Boglehead and learn how this approach can enable you to become a better investor and manager of your own financial resources. Assuming no extensive knowledge of finance on your part, Boglehead forum leaders Taylor Larimore, Mel Lindauer, and Michael LeBoeuf show you how to invest with simplicity and minimize the costs and taxes that quietly eat away at returns. Along the way, they'll also show you how to join the legions of Boglehead investors currently online—so you can post your own questions or help others solve their particular investment problems. Other important topics covered throughout this book include: What types of investments you should use to get on solid financial ground How you can protect your investments against the ravages of inflation Steps to building a simple but effective investment portfolio and how to determine when to rebalance your portfolio How to live a comfortable retirement without running out of money How to efficiently pass on assets to your heirs How to keep your investing style simple, giving you more time to live life to the fullest And much more With over a century of combined investment experience among them, authors Larimore, Lindauer, and LeBoeuf have seen a variety of different approaches to the market, but none more effective than the low-cost, tax-efficient philosophy of Jack Bogle. If you're looking for better long-term returns for your investment dollars, The Bogleheads' Guide to Investing can showyou the way.
Acknowledgments xiForeword John C. Bogle xiiiIntroduction xxiEssentials of Successful InvestingChoose a Sound Financial Lifestyle 3Start Early and Invest Regularly 13Know What You're Buying: Part One 25Know What You're Buying: Part Two 39Preserve Your Buying Power with Inflation-Protected Bonds 49How Much Do You Need to Save? 63Keep It Simple 75Asset Allocation 89Costs Matter 109Taxes: Part One 119Taxes: Part Two 131Diversification 143Performance Chasing and Market Timing Are Hazardous to Your Wealth 153Savvy Ways to Invest for College 169How to Manage a Windfall Successfully 179Do You Need an Advisor? 187Follow-Through Strategies to Keep You on TargetTrack Your Progress and Rebalance When Necessary 199Tune Out the "Noise" 211Mastering Your Investments Means Mastering Your Emotions 223Making Your Money Last Longer Than You Do 235Protect Your Assets by Being Well-Insured 243Passing It OnWhen You Pass On 257You Can Do It 265AppendicesGlossary of Financial Terms 273Books We Recommend 279Financial Web Sites We Recommend 283Vanguard Asset Allocation Questionnaire and Pie Charts 287About the Authors 293Index 295
