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"Simple. Powerful. And unbeatable. Read it, execute it, then retire in comfort and sleep like a baby."
-William J. Bernstein, bestselling author of
The Investor's Manifesto Discover How Focused Investing Can Lead to Tremendous Financial Growth The Bogleheads' Guide to the Three-Fund Portfolio shows you how to get better returns than the majority of professional advisors with just three index funds and a buy-and-hold strategy. Sound too good to be true? Not to the legions of investors who have already amassed fortunes following the philosophy of iconic investor and founder of The Vanguard Group, Jack Bogle. Whether you want to start investing or need better returns, this comprehensive guide walks you step-by-step through determining the proper allocation of your assets, choosing smart investments, and managing your portfolio over time-without losing sleep or money! In his inspiring Foreword, Jack puts his seal of approval on this powerful and easy-to-use resource, which provides:
- A five-step solution to securing wealth in Bull and Bear Markets
- Actionable plans for capturing more market returns than many professional investors
- Insights and commentary from celebrated and everyday Boglehead investors
Discover the stress-free approach to reaching your financial goals with
The Bogleheads' Guide to the Three-Fund Portfolio.
Sommario
Foreword by John C. Bogle xi
Preface: the History of the Bogleheads' Three-fund Portfolio xvii
Acknowledgments xxv
Chapter 1 The Investment Industry 1
Chapter 2 John C. Bogle-The Investor's Best Friend 5
Chapter 3 John Bogle Introduces Three Total Market
Index Funds 9
Chapter 4 Twenty Benefits of Total Market Index Funds (In No Particular Order) 13
Benefit 1: No Advisor Risk 14
Benefit 2: No Asset Bloat 17
Benefit 3: No Index Front Running 19
Benefit 4: No Fund Manager Risk 20
Benefit 5: No Individual Stock Risk 22
Benefit 6: No Overlap 24
Benefit 8: No Style Drift 26
Benefit 9: Low Tracking Error 27
Benefit 10: Above-Average Return 28
Benefit 11: Simplified Contributions and Withdrawals 32
Benefit 12: The Benefit of Consistency 33
Benefit 13: Low Turnover 34
Benefit 14: Low Costs 35
Benefit 15: Maximum Diversification (lower risk) 38
Benefit 16: Portfolio Efficiency (best risk/return ratio) 39
Benefit 17: Low Maintenance 40
Benefit 18: Easy to Rebalance 41
Benefit 19: Tax Efficiency 42
Benefit 20: Simplicity (for investors, caregivers, and heirs) 44
Chapter 5 Getting Started 49
Chapter 6 Stay the Course 59
Appendix I: What Experts S Ay 63
Appendix II: Meet the Bogleheads 69
Glossary of Financial Terms 75
Index 79
Info autore
TAYLOR LARIMORE is a sage on the Boglehead forums for everyone who wants to discover "the Boglehead way." Crowned the "King of the Bogleheads" by Jack Bogle, he has spent more than seven decades in finance and investing, in such positions as revenue officer for the IRS, chief of the Financial Division for the Small Business Administration in South Florida, and a director of the Dade County Housing Finance Authority. He is co-author of
The Bogleheads' Guide to Investing and
The Bogleheads' Guide to Retirement Planning.
