Reveals how the investment philosophy of John Bogle, the founder and retired chairman of Vanguard, can help any investor build wealth using his low-cost, tax-efficient philosophy.

Autorentext

MEL LINDAUER, CFS, WMS, was dubbed "The Prince of the Bogleheads" by Jack Bogle. A Forbes.com columnist, he's one of the leaders of the Bogleheads community.

TAYLOR LARIMORE, CCL, has been dubbed by Money magazine as "the Dean of the Vanguard Diehards" and John (Jack) Bogle himself calls Taylor "The King of the Bogleheads."

MICHAEL LEBOEUF, PHD, is an internationally published author, business consultant, and professor emeritus who taught Management at The University of New Orleans.

Klappentext

Praise for The Bogleheads' Guide to Investing, Second Edition

"I'm often asked to recommend a good, basic book on investing, and The Bogleheads' Guide to Investing has been my go-to pick since its original publication. It focuses on all the right things: the virtues of maintaining a frugal lifestyle, keeping investment costs down, and building a simple, low-maintenance portfolio. And importantly, it also tells investors what they can safely tune out-namely, day-to-day market action and the latest 'hot' investment products. Its advice will stand the test of time."
**-CHRISTINE BENZ,** Director of Personal Finance, Morningstar, Inc.

"John Bogle set out to reform the mutual fund industry nearly 40 years ago. He saw a high fee, self-serving, good ol' boy network and thought it was wrong. Bogle believed the purpose of an investment company was to be investor-focused. His idea turned into a revolution. The Bogleheads' Guide to Investing is a testimony to the massive changes that have taken place as a result of Bogle's vision. The ideas in this book have saved countless investors billions of dollars in unnecessary fees. Hats off to Taylor, Mel, and Mike for a job well done."
**-RICK FERRI,** CFA, Founder, Portfolio Solutions LLC

"The Bogleheads' Guide to Investing describes a sophisticated and proven approach to successful investing. Nevertheless, its message of saving, investing in a diversified, balanced, low cost portfolio, and keeping it simple is easily grasped by investors of all levels of experience. Regardless of your investment acumen, this book provides many clearly expounded investment insights and is a great roadmap to financial success."
**-GEORGE U. "GUS" SAUTER,** Retired Chief Investment Officer, Vanguard

"The best one-stop shopping solution to saving, debt management, investing, insurance, and financial planning I have seen between two covers. For the price of a week's worth of lattes, you can secure your future."
**-WILLIAM J. BERNSTEIN,** cofounder, Efficient Frontier Advisors, LLC, author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor's Manifesto

Zusammenfassung
The irreverent guide to investing, Boglehead style The Boglehead's Guide to Investing is a DIY handbook that espouses the sage investment wisdom of John C. Bogle.

Inhalt

Acknowledgments xiii

Foreword by John C. Bogle xv

Introduction xxiii

Part I Essentials of Successful Investing

Chapter 1 Choose a Sound Financial Lifestyle 3

Chapter 2 Start Early and Invest Regularly 13

Chapter 3 Know What You're Buying: Part One 25

Chapter 4 Know What You're Buying: Part Two 39

Chapter 5 Preserve Your Buying Power with Inflation-Protected Bonds 49

Chapter 6 How Much Do You Need to Save? 63

Chapter 7 Keep It Simple 75

Chapter 8 Asset Allocation 89

Chapter 9 Costs Matter 109

Chapter 10 Taxes: Part One 119

Chapter 11 Taxes: Part Two 131

Chapter 12 Diversification 143

Chapter 13 Performance Chasing and Market Timing are Hazardous to Your Wealth 153

Chapter 14 Savvy Ways to Invest for College 169

Chapter 15 How to Manage a Windfall Successfully 179

Chapter 16 Do You Need an Advisor? 187

Part II Follow-Through Strategies to Keep You On Target

Chapter 17 Track Your Progress and Rebalance When Necessary 199

Chapter 18 Tune Out the "Noise" 211

Chapter 19 Mastering Your Investments Means Mastering Your Emotions 223

Chapter 20 Making Your Money Last Longer Than You Do 235

Chapter 21 Protect Your Assets by Being Well-Insured 243

Chapter 22 Passing It On When You Pass On 257

Chapter 23 You Can Do It 265

Appendices

Appendix I: Glossary of Financial Terms 273

Appendix II: Books We Recommend 279

Appendix III: Financial Websites We Recommend 283

Appendix IV: Vanguard Asset Allocation Questionnaire and Pie Charts 287

About the Authors 293

Index 295