|  | Authors: Taylor Larimore, Mel Lindauer, Michael LeBoeuf
Creator: John C. Bogle
Publisher: Wiley
List Price: $18.95
Buy New: $10.74
as of 11/23/2009 00:02 CST details
You Save: $8.21 (43%)
New (33) Used (14) from $10.74
Seller: indoobestsellers
Rating:  63 reviews
Sales Rank: 2798
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: Updated
Pages: 336
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 1.1
ISBN: 0470067365
Dewey Decimal Number: 332.6
EAN: 9780470067369
ASIN: 0470067365
Publication Date: September 28, 2007
Availability: Usually ships in 1-2 business days
Condition: BRAND NEW
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| Customer Reviews:
Showing reviews 26-30 of 63
I'm a diehard boglehead June 27, 2007
Kenneth C. Milton
0 out of 2 found this review helpful
The one book every invester must read. Besides simple to understand investing wisdom it tells you how to approach all of your financial decisions.
The Gospel According to John (Bogle) May 21, 2007
Tim Beazley (San Diego, CA United States)
11 out of 12 found this review helpful
This book contains a wealth (hah! pun!) of useful information for two kinds of people: 1) novice investors; 2) experienced investors who have not had much success (probably because they didn't follow the strategies outlined in this book).
As the book explains, one of the most important things for investors to understand about people in the financial industry is that most of them are salesmen; i.e, they make their money by taking your money. As Woody Allen said, "A broker is someone who invests your money until it's all gone." Once you understand that fact, everything else falls into place.
Another important thing for investors to understand is that history teaches valuable lessons about investing. In particular, history teaches that no one can beat the market consistently, and trying to beat the market is expensive. No one wants to be an expensive failure, so being satisfied with merely tying the market, not beating it, is eminently sensible. Index funds are cheap, reliable ways to tie the market; therefore, investing in index funds is eminently sensible. You can't beat the market that way, but you can beat the vast majority of the fools wasting their money trying to beat the market.
Another important thing for investors to understand is that the market is volatile, therefore having a diversified portfolio of non-correlated investments is eminently sensible. The book provides specific advice about how to diversify, including advice about how the recommended asset allocation might change over time. (Bogle's company, Vanguard, has a reputation for being pretty conservative. Not surprisingly, the recommendations in this book are pretty conservative too. Personally, I think the recommended stock/bond allocations are too conservative by 10% or more at each stage of life, but that could be just personal preference.)
In addition to the central concepts and strategies summarized above, this book also has chapters on the importance of saving early and often, retirement calculators to help you figure out how much you need to retire, withdrawal strategies for making your retirement funds last as long as you do, the potentially devastating impact of inflation and taxes, why market-timing and chasing performance are doomed to failure, strategies for saving for college, the basics of insurance and annuities, and a very brief discussion of estate planning.
All in all, I thought this was a very informative book. Novice investors would certainly benefit from it. Unsuccessful investors would also certainly benefit from it. Experienced, successful investors are probably already following its recommendations, so they might not get too much out of it, other than confirmation of how clever they are. And that's not an entirely bad thing either!
Best Financial Advise May 19, 2007
Juanita L. Daley
2 out of 3 found this review helpful
My employer loaned me The Bogleheads Guide to Investing to read. It is a simple and concise way to understand investing and finances. I wished it had been available years ago. After I gave it back to her I purchased my own copy to review it as I needed. My brother saw my copy and ordered 6 copies for himself and his grown children. I would recommend this book for anyone interested in acquiring a secure financial future. I would even recommend it even if you are not interested because one day you will be.
Excellent financial advice May 13, 2007
C. Welch (Springfield, MA)
1 out of 3 found this review helpful
Every ordinary working class investor should follow the advice in this book for financial success. I am a believer in Vanguard, and would recommend them to everyone.
Bogleheads' A++ April 7, 2007
Brian A. Campbell
2 out of 2 found this review helpful
As a recent college graduate with little to no expenses I found myself with a small nest egg and absolutely zero direction. My money was rotting away in a lowest interest savings account.
After reading many financial/investing books I feel like I have found the one that gives direction, realistic goals, and options. This book is honest and easy to understand. It teaches the power of combining indexing with compounding.
I recommend this to all that are new to investing. If you are an experienced investor you might find the book is a bit basic but keep in mind how much information the writers packed into this book.
Brian Campbell
Showing reviews 26-30 of 63
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