The Bogleheads' guide to investing
The Bogleheads' Guide to Investing is a slightly irreverent, straightforward guide to investing for everyone. The book offers sound, practical advice, no matter what your age or net worth. Bottomline, become a Boglehead and prosper! Originally just the chat-line ruminations of Boglehead founder Taylor Larimore, and Morningstar forum leading cohorts Mel Lindauer and Michael LeBoeuf, their trusted advice has been brewed and distilled into an easy-to-use, need-to-know, no frills guide to building up your own financial well-being -- so you can worry less and profit more from the investments you make. Invest like a Boglehead, and let their grassroots investment wisdom guide you down the path of long-term wealth creation and happiness, without all the worries and fuss of stock pickers and day traders. If you face a financial crisis or problem, or simply want to know what is prudent to do with the money you save, the Bogleheads will have the answers you need to help you gain your financial footing and keep it.
Stats for nerds
27recommend
32mentions
30people
2008–2024years
91% recommend9% neutral
Mentions per year
What Hacker News says
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- Just started reading Bogleheads’ Guide to Investing, quite a good read so far. It’s very informative about how the investing/trading industry relies on regular people giving up their gains on fees, loaded funds, etc when a simple investment plan like above is incredibly low risk.
- I recently went through this myself after a long time of avoiding it due to the way I grew up (parents always argued severely about money - made me basically ignore it as it caused me extreme stress)
I have found the BogleHead guides [1,2] and wiki [3] the absolute best place to begin!
[1] The Bogleheads' Guide to Investing - https://a.co/d/ctdMwZj [2] The Bogleheads' Guide to Retirement Planning - https://a.co/d/19eZBsy [3] https://www.bogleheads.org/wiki/Main_Page
- When I was in highschool I picked up stocks for dummies. It was a very good read and really educated me. Bogleheads guide to investing was also very educational (but a bit dry).
Basic Economics is great, but dense. Planet money is an awesome podcast!
- I think the book is worth a read if you haven't read anything similar (using index funds as a strategy) - "The Bogleheads' Guide to Investing"
else, the forums are where a ton of folks hang out and discuss the minutiae of being boring ;) - https://www.bogleheads.org/forum/index.php
- Might be a bit US centric, but my recommendation is:
1. Read the reddit personal finance wiki https://www.reddit.com/r/personalfinance/wiki/index/
2. Read The Simple Path to Wealth by J L Collins
3. Read The Bogleheads' Guide to Investing
4. Read the Bogleheads' wiki https://www.bogleheads.org/wiki/Main_Page
5. Use a personal finance app to track budget and spending (I use Simplifi).
6. Track your Income, Expenses (just the broad category), Bills (per invoice), Assets, Debt on a spreadsheet with columns per month. I make it easy and put the hyperlink for the source of truth in the name of the row.
7. My general rule is that I need to have at least 50% savings each month from combined investments and income. This percentage is more defined by what year you want to "retire" and switch from capital accumulation to capital spending phases of your life.
8. This is the step I'm on now. I'm trying to learn finance in a far deeper capacity, so I'm spending time to learn accounting, finance, trading strategies. I'll run various accounts with different strategies and see how it goes. Those strategies will fall under the "speculative" part of my portfolio, which won't exceed more than I can afford to lose and still hit my retirement targets.
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