If you are a beginner at investing, just go buy this book rightaway !!!

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	• The Bogleheads' Guide to Investing Taylor Larimore, Mel Lindauer, ... Wiley, 2006 - 336 pages average customer review:based on 53 reviews view larger image
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highly recommended

Bogleheads' A++

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

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If you are a beginner at investing, just go buy this book rightaway !!!

I never knew investing books could be so well written in a simple to understand manner. The authors did a fantastic job at covering a wide variety of investment options and the pros and cons of each one of them. The most enlightening chapters were about how index funds were important and how costs, taxes & fees mattered in affecting the bottomline. They also suggested sample investment portfolios based on various age group categories to simplify things. The book simplifies and presents a no non-sense view of the basic steps one has to follow while investing. I was impressed to see the authors cover some additional topics like getting life insurance, the importance of having a will etc, which was an added bonus.

I only wish I had read some book like this 5 years back but it is not too late even now. At the end of reading this book, I am definitely a much better informed investor and am convinced that a simple common sense approach and a little research is all it takes to make anyone a decent investor.

If you are new to investing and are baffled by hundreds of investment options available around you, just go and buy this book rightaway...I should warn you that this book is not for short-term investors who like to time the market but for buy-and-hold investors only.

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Best Financial Advise

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.

The Gospel According to John (Bogle)

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!

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Excellent financial advice

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.

reviews: 1, 2, 3, page 4, 5, 6, 7, 8, 9, 10, 11

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