The Bogleheads’ Guide to Investing
by Taylor Larimore, Mel Lindauer and Michael LeBoeuf
A plain-English guide to Jack Bogle's philosophy from the community that formed around it: live below your means, invest early and often in low-cost index funds, diversify, keep costs down, stay the course. It covers accounts, taxes, insurance and withdrawal rates with US specifics. Complete and unexciting, as investing should be.
Read it if…
you want one comprehensive, practical guide to personal investing in the US.
Skip it if…
you are outside the US or already follow the approach.
Three things you will actually use
- Pick an allocation you can hold through a crash.
- Minimize costs and taxes.
- Rebalance annually and otherwise leave it alone.
Do this first
Write your asset allocation, stocks versus bonds, and compare it to what you actually hold.
Our verdict
Thorough, sensible and dull in the best way.
Compare with other Money books
The Little Book of Common Sense Investing
John C. Bogle · Money
The clearest case for indexing; short and convincing.
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Rich Dad’s Cashflow Quadrant
Robert T. Kiyosaki · Money
A memorable diagram and not much more.
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