From the Inside Flap
The Bogleheads’ Guide to Investing is a handyresource that is written for anyone who may be grappling with afinancial problem or simply wants to know how to invest money toget the best results. The Boglehead team of investmentexperts—Mel Lindauer, Taylor Larimore, and MichaelLeBoeuf—provide the answers for gaining a foothold in themarket and keeping it there.
Investing can be simple, but it’s certainly notsimplistic. Over the course of nearly twenty years, the followersof John C. Bogle have evolved from a loose association of investorsto a major force with the largest and most active non-commercialfinancial forum on the Internet. The Bogleheads’ Guide toInvesting is a hands-on resource for tapping into John C.Bogle’s “uncommon” investing wisdom.
Like the first edition, this thoroughly revised and updatedsecond edition of The Bogleheads’ Guide to Investingoffers investors of all stripes, ages, and investing prowess a DIYhandbook that champions the sage investment wisdom of John C.Bogle. Often witty and always wise, the book is filled with sageadvice that helps investors take the first step on the road toinvestment success. And to keep investors on the right path, theauthors illustrate how relying on "common sense" promoted by WallStreet is destined to leave you poorer.
The updated second edition includes the latest information onhow to profit from backdoor Roth IRAs and Exchange Traded Funds.The book also contains timely updates on estate taxes and gifting,plus changes to the laws regarding traditional as well as 401(k)and 403(b) retirement plans. In addition, the authors offerinvestment warnings and principles that are both precisely accurateand sometimes counterintuitive.
Assuming no extensive knowledge of finance on your part, theBoglehead authors march you step by step toward the winninginvestment strategy.
From the Back Cover
Praise for The Bogleheads’ Guide to Investing, SecondEdition
"I'm often asked to recommend a good, basic book on investing,and The Bogleheads' Guide to Investing has been my go-topick since its original publication. It focuses on all the rightthings: the virtues of maintaining a frugal lifestyle, keepinginvestment costs down, and building a simple, low-maintenanceportfolio. And importantly, it also tells investors what they cansafely tune outnamely, day-to-day market action and thelatest 'hot' investment products. Its advice will stand the test oftime."
CHRISTINE BENZ, Director of Personal Finance,Morningstar, Inc.
"John Bogle set out to reform the mutual fund industry nearly 40years ago. He saw a high fee, self-serving, good ol' boy networkand thought it was wrong. Bogle believed the purpose of aninvestment company was to be investor-focused. His idea turned intoa revolution. The Bogleheads' Guide to Investing is atestimony to the massive changes that have taken place as a resultof Bogle's vision. The ideas in this book have saved countlessinvestors billions of dollars in unnecessary fees. Hats off toTaylor, Mel, and Mike for a job well done."
RICK FERRI, CFA, Founder, Portfolio Solutions LLC
"The Bogleheads' Guide to Investing describes asophisticated and proven approach to successful investing.Nevertheless, its message of saving, investing in a diversified,balanced, low cost portfolio, and keeping it simple is easilygrasped by investors of all levels of experience. Regardless ofyour investment acumen, this book provides many clearly expoundedinvestment insights and is a great roadmap to financialsuccess."
GEORGE U. "GUS" SAUTER, Retired Chief InvestmentOfficer, Vanguard
"The best one-stop shopping solution to saving, debt management,investing, insurance, and financial planning I have seen betweentwo covers. For the price of a week's worth of lattes, you cansecure your future."
WILLIAM J. BERNSTEIN, cofounder, Efficient FrontierAdvisors, LLC, author of The Intelligent Asset Allocator, TheFour Pillars of Investing, and The Investor'sManifesto