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
Inhaltsverzeichnis
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
