The Bogleheads' Guide to Investing Reviews

• Excellent investment advice for a lifetime

  
  By AV2AGR9FSHF5N on 2006-05-20
  I was very impressed with this book and give it an A+. Not only is the investing advice excellent, the writing style is very easy and fun to read.
  
  I have lurked in the back ground and seen the excellent advice the authors give on the Bogleheads web site (www dot Bogleheads dot org) each day. Their common sense sound advice is carried over from the web site to this book.
  
  I learned several new things from this book. After concentrating on saving and investing in large cap stock index funds and total bond market index funds for many years, I recently diversified into other small cap, mid cap, and large cap U.S. stock index funds versus just an S&P 500 index fund. I added an allocation to REITs as well.
  
  During this re-allocation, I ran into the problem of trying to keep bond index funds and REITs in tax-deferred versus taxable accounts. I was able to accomplish this, but it won't be long until I need to add more bond and REIT investments to keep my asset allocation correct. I am out of room to add more bond and REIT investments in my tax-deferred accounts.
  
  This book suggested that if you are in this situation, you should consider municipal bonds in taxable accounts due to their potential for escaping both state and federal taxation. I had always "blown off" municipal bonds as not fitting into my investment plans, but now I have definitely put them on my radar screen as a future possibility.
  
  The book also did a good job of explaining the details of rebalancing.
  
  I especially enjoyed a new term I had not seen before, "Financial Pornography". This is all the daily noise one hears from CNBC and the financial magazines about picking stocks or mutual funds to "beat the market".
  
  All-in-all, a great book for serious investors who manage their own portfolios.
  
  I would suggest companion books to supplement this book including:
  The Richest Man in Babylon
  Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
  The Millionaire Next Door
  The Four Pillars of Investing: Lessons for Building a Winning Portfolio
  A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition
  Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pro's
  The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On With Your Life
  Wealth: Grow It, Protect It, Spend It, and Share It
  All About Asset Allocation.
  
  

• Simple Straight Forward Investing Guide That Works

  
  By A22NKFOH9RATRC on 2006-09-14
  I've been saving for 20 years - The first ten years I discounted my father's "conservative" advice and bought the hot sector funds, stocks and gold coins. I thought I was doing well. Now I'm a little smarter - I see that my returns during the great bull market of the 90's were only single digit, while my father's approach produced far better returns. Now my Dad's advice is common sense to me and I know that I missed-out on a large chunk of the bull market because I thought I knew it all. I should have followed his straight-forward, common sense advice.
  Fortunately this does not have to happen to you - My father(and his friends) wrote the book...Its all the advice I wish I had followed during my first ten years of investing.
  
  

• A Hopeless Jumble...

  
  By A3F3B7F80XIFOE on 2006-05-17
  I am a fan of John Bogle's so I bought this book. I was impressed by the strength of the reviews.
  
  However, I now realize that most of the reviews were written by friends of the authors. Take that into account when buying the book.
  
  The first review of the book by V. Martinez (who apparently is not a friend of the authors) is dead on. The book is somewhat disorganized and hard to follow. The writing style is dry.
  
  I think there are better books out there for investors.
  
  

• Decent overview, but didn't really learn anything new

  
  By A26M9CY8WBHW1W on 2007-03-18
  I would say this is a good book for beginners. For someone with some understanding of investing and personal finance, it is likely that you will spend more time agreeing with the authors than actually learning anything new or insightful. It is a good overview of the investment ideas of John Bogle and his supporters, and has decent coverage of how to approach financial goals throughout one's lifetime. But after reading it, I felt like I did not gain any original insights, other than to ponder whether I should get my family an umbrella insurance policy. On the other hand, great books from Malkiel, Swensen, Swedroe, and W. Bernstein absolutely provided me with much material and original insights to ponder and consider.
  
  So if this is not very helpful for readers with some investment knowledge, how is the book for novice? I would say it is merely decent. A novice reading this book would be pretty much following the advice of John Bogle, who is no question a GREAT man. But the authors seem to be constrained to agree with Bogle on everything, and do not allow themselves to further explore areas that probably deserve more time. One example would be Bogle's views on international stocks, where the authors of this book tread very lightly and conclude by agreeing with Bogle (almost seemingly hesitantly). When reading Bogle's own writings, his strong opinions serve his readers well. But when his ideas are rewritten into a broader personal investment guide for novices, I feel like the result is inferior to books by Frank Armstrong, William Bernstein, or Larry Swedroe, which seem to provide a broader perspective to help investors make decisions.
  
  This is a pretty good book and has good advice on personal finance. But it is hard for me to get as excited as the other reviewers on this site. I think 3 stars is fair, as it is above average.
  
  

• not just for beginners

  
  By A3IPM60Q1CMEA4 on 2007-10-25
  I read this book quickly shortly after I got it, and I was blown away. Many reviewers pick this as a book for "beginners", but I don't agree with that.
  
  My background: I have read (and own) dozens of investment books. I have subscribed to many newsletters (including Morningstar's, which is decent but unnecessary after you read this book). I have owned many individual stocks and for the last 2-3 years before I got the Boglehead religion I was lucky and beat the market averages buying individual stocks (although for most of my life I've lagged far below the market). I opened my first brokerage account in 1990, and I've been self-directed ever since. I've had 400%+ years as well as -70% years. I've even been in the top 100 virtual mutual funds on Marketocracy (out of 70,000), and I've written custom software to analyze the daily performance of the top 1500 stocks.
  
  Having said all that, I wish that I had followed the investment principles laid out in this book from the very beginning. I would have a lot more money than I do now.
  
  Before reading this book, I already had all my retirement money in Vanguard index funds. So you would think, end of story, you're already a believer. NOT SO! While I started out using the Target Retirement funds, which allocates your money properly for your age, I slowly deviated from those funds into the higher risk emerging markets index fund, because that fund was doing so well. It's easy to read this book and say, "oh that makes sense", stay the course for a year or so, then get seduced by the hot performance of a particular sector and lose your way. For these principles to work, you really have to apply them relentlessly, and I think that it takes either someone with an iron discipline or someone who's acquired "experience" in the market (i.e., losses that hurt) to recognize the wisdom of this book and follow it.
  
  Years ago, I read John Bogle's book on index funds, and I agreed with the logic of what he was saying. Then I proceeded to ignore it for most of my investing career before I really "got" what he was saying.
  
  Perhaps, if you're a beginner, you'll follow this book and avoid the pain and losses. The principles are easy enough to understand. In fact, if you want to save the price of the book, simply go to Vanguard, pick your retirement date, buy a "Target Retirement" fund for that date, and you're done. That's pretty much what the book tells you to do.
  
  BUT, you'll need the book (and, in my opinion, the "experience" of following the 99% of the misleading advice out there) to really understand why this is the real way to go. You almost have to read this book every year as an antidote to the temptation that assaults you nonstop from Wall Street and CNBC and all the financial magazines.
  
  If you're a beginning investor, this is it. This book is the mother lode. You can stop looking. Unfortunately, it may take you 10-15 years and many large losses to realize this (as I had to do), but take it from me (some random anonymous person on the Internet), this is the REAL DEAL.
  
  Knowing what I do now, if at age 21 I'd had my choice of $2,000,000 or the wisdom to understand the concepts in this book, I'd choose wisdom. Here are two examples from this book to illustrate why. On page 13 of this book Jack Bogle relates a letter that he received in early 2005 about someone who's been investing with Vanguard for about 30 years, and whose portfolio had grown to over $1.25 million, but he'd never made more than $25,000 in any year in his life. Although they knew nothing about his specific investing history (maybe he just got lucky? we don't know), this figure is attainable investing $600 a month in a Vanguard stock index fund over 30 years.
  
  On the other hand, according to an NBC News report related on page 180 of the book, more than 70 percent of lottery winners exhaust their fortunes within 3 years.
  
  So, clearly, doing the right thing is going to have a huge impact on how much money you end up with.
  
  Even the most experienced investors will benefit from this book (and in fact, may benefit more) by simplifying their portfolio. The chapters on asset allocation and taxes are extremely insightful, even to non-beginners.
  
  After reading this book, I immediately re-balanced my Vanguard portfolio to better fit my age group, and to lower the risk that I was taking.
  
  Even as an "experienced" investor already in Vanguard index funds, I learned something actionable that I was immediately able to apply. If you consider yourself an "experienced" investor, you will also benefit from reading this book. I highly recommend it. My ENTIRE retirement portfolio is in Vanguard index funds, allocated in the recommended amounts, so this is not an idle recommendation.
  
  Read it and live it.
  
  (Just so you know, I have never visited the Boglehead web site, and I have never corresponded with any of the authors. I'm just an uninterested third party who's a big fan of this book).
  
  
  
• Unbiased, Informed Financial Advice in Easy-to-Understand Form
  By A1K1JW1C5CUSUZ on 2006-10-12
  Most people don't have time to read dozens of books about personal finance and investing. Even if people did have that much time, they would seldom be able to integrate what different authors had to say into a consistent approach.
  
  For several decades, people have been asking me what one book they could read to be more successful with their personal finances. Until now, I've been reluctant to pick any one book. Instead, I would usually provide a list of 6-8.
  
  Having read The Bogleheads' Guide to Investing, I can now safely recommend one book for the first time: This one!
  
  Taylor Larimore, Mel Lindauer and Michael LeBouef have five important advantages over other personal finance authors:
  
  1. They are experienced investors.
  2. They are well read on the subject of personal finance.
  3. They've been answering questions for years from those who want to know what to do on Morningstar Vanguard forum and its related site, diehards.org
  4. They are an expert writing team rather than a writer or celebrity trying to be supported by experts.
  5. They aren't trying to sell you anything except their book which makes their advice more independent than usual.
  
  The book's range is impressive. Part I looks at the essential elements of successful investing and includes looking at your financial lifestyle, how to start investing young and regularly, different types of financial instruments, inflation-protected bonds, investing minimums, avoiding complications that lose you money, asset allocation, reducing costs, minimizing and deferring taxes, diversification, market timing, money for college, employing a windfall and whether to retain a financial advisor.
  
  Part II looks at how to track your progress and rebalance assets, staying immune from daily "news" about investing, being in control of your emotions, building up enough money for retirement, asset protection through insurance and estate planning.
  
  The book tackles head on a lot of the bad advice you get about investing, while also being realistic about how much time and effort most of us want to put into financial planning. The tone is friendly, the advice is good and the warnings are appropriate.
  
  What more can you expect from the only personal finance book you'll ever need?
  
  
• A Must Read for New or Experienced Investors!!!
  By A1DLBEVOSHTQ1R on 2006-01-05
  The Boglehead's Guide to Investing offers all the essential ingredients toward building a solid financial future for anyone who takes the time to read and apply its' principles. Written from the perspective of three successful investors who have no motivation other than to share their wealth of investment experience with their fellow readers, they provide the reader with an easy to read primer on all aspects of building a successful financial portfolio.
  
  A striking example of the successful principles outlined is noted in the book itself, when it refers to a letter written to Vanguard's former Chairman, Mr. Jack Bogle, by a longtime Vanguard investor. In the letter he thanked Mr. Bogle for allowing him to build a portfolio worth over 1.2 MILLION DOLLARS, while never earning more than $25,000 per year!
  
  So I ask, who can NOT AFFORD to read this book?
  
  In summary, if you are new to investing, or would like to further your knowledge of all the critically important aspects of investing, this book may very well be the best investment you'll ever make!
  
  
• The Bogleheads' Guide is a winner!
  By A1G2GZ2Z2M9FC6 on 2006-01-08
  Hey Taylor, Mel and Michael and fellow DieHards,
  I sincerely enjoyed your book. I learned more in 10 hours about investing than I learned in the past twenty years! Shame on me.
  
  I ordered 12 more copies to give to close friends with an encouragement for them to re-gift it if they don't learn anything new or gift two new copies each to their friends if they did learn somthing new. This is an idea I "borrowed" from the movie "Pay It Forward" where if someone does you a favor you pay it back by paying it forward to someone else who could use a favor, and so on and so on, etc. Worst case, you sold 13 books. If the encouragement runs three full generations, you sold 85 books.
  
  Hope you don't mind but I also recommended that they read chapters 19 & 23 first to "whet their appetite" before reading the whole book. Most of them have not yet been to the Diehards.org web site and therefore may not have the zeal for reading an investment book that I picked up from reading all the posts.
  
  I have a question to ask and I'd rather not wait til you appear on C-SPAN's Book Notes with Brian Lamb to hear the answer. I know you three live great distances apart. How in the world did you collaborate in writing this book? In-person, phone, email, file forwarding, etc?
  
  Another Diehard very accurately said it was written with one voice. I was impressed with that and with the humor and quotes used to teach the lessons.
  
  Congratulations guys - This one's a winner - I think you'd better get ready for the second printing.
  Pat
  aka psquared
  
  
  
• start here
  By AAI7PS37TMVL8 on 2006-01-20
  This is the book I wish I'd had when I started feeling pangs of unease about my failure to have any kind of financial/retirement plan. The Bogleheads' Guide steers you right, with absolutely no self-promoting b.s., which is more than I can say for 99% of all books about investing.
  
  
• The Gospel According to John (Bogle)
  By A1RK2OXZZ2MPIV on 2007-05-21
  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!
  
  
• A Book for Most Investors
  By A2OD0F0NRA8YYV on 2006-03-20
  This book, written in a very readable manner, could be mistakenly considered a book for only beginning investors.
  There is a noticeble lack of complicated formulas and confusing charts that often cause one's eyes to glaze over in many investors guides.The concepts, however, are well presented.
  
  When I look at all of the investors that I know, I see commission based advisors, overweighted individual stock portfolios, load mutual funds and 75 year olds with 100% equities. None of these people would consider themselves beginning investors, but I am sure all would benefit from this book
  
  Taylor, Mel, and Michael, have written a book that is of value to almost all investors.They have written this to help people achieve a better financial life. There is no hidden agenda and no services or products to sell. None of the three have jobs in the investment industry. If there is a class in investing in high schools or colleges this book should be the standard text.
  
  Larry Gottlieb
  
  
  
  
  
  
  
  
  
  
• Excellent Introduction to Investing
  By A2O8O42U1BVNXG on 2006-07-26
  The Bogleheads'Guide is easy to read and can help investing "newbies" develop a plan that works for them (rather than just for investment salespeople). The Guide also contains quite a bit of information of interest to more advanced investors, including an entire section on follow-through strategies to keep you on target (including chapters on tracking progress, keeping your focus, keeping your emotions from undermining your investments, making your money last through retirement, keeping adequate insurance, and passing on your estate). The book is backed up by the "Bogleheads" web site that provides friendly and comprehensive assistance on investment issues and concerns. I have recommended this book to my extended family and recommend it highly!
  
  
• Combines Information from Many Investment Books
  By A2UDLMGVB52J57 on 2006-01-05
  My "Bogleheads' Guide to Investing" book arrived Jan 4, 2006 from Amazon.
  
  Very well Diversified book Allocating many chapters from birth to death and beyond. I have Managed to Index many chapters for my son and daughter to read. I will Realize many Gains from reading this book containing excellent TIPS and recommendations.
  Thanks, RogerDodger
  
  
• Outstanding book for new investors
  By A25JOHFLCYTTUD on 2007-02-15
  I read this book when it came out last year and I must say in a single year it has changed my financial life forever. Although I don't invest in Vanguard funds, a favorite of the authors, I have found low cost index investing the way to go (if you are in education or non-profit world, TIAA-CREF offers some really good low cost index fund alternatives). I am healthier and wealthier for reading this book. You will too!
  
  
• Outstanding investment book!!!
  By AEB3NYJN9R2FQ on 2006-01-19
  The Bogleheads was an outstanding book. It was a real joy to read. Too many investment books are too basic or go so into the nitty gritty that they only become a cure for insomonia. So many great topics were touched on in the Bogleheads Guide to Investing from asset allocation, costs, and taxes. So few investment books ever tough on taxes. I wish I would of had this book when I was first starting out investing back in the mid eighties. I would recommend this book along with Christine Benz's books as a must read for any investor.
  
  
• Bogleheads' Guide to Investing- A "Must" Read for all
  By AERSU5N4AHLBM on 2006-01-23
  After getting my copy of the book promptly about 4 days after I ordered it, I couldn't put it down. The three authors who wrote this book should be commended for their efforts to help others learn about investing. This book is packed full of information for the investor first starting out as well as a 20 year investing veteran. I think a copy of this book should be given to each High School senior at their graduation!! I have purchased 5 copies to hand out to friends & family.
  
  
  
• The Bogleheads' Guide to Investing
  By A2HJMVBEYYC8DS on 2006-02-02
  This is one of the most comprehensive, succinct, easy to understand guides I've ever read. I especially liked the information I learned about bonds, estate planning, ways to invest for college and retirement, and ways to minimize the effects of inflation and taxes on investments.
  
  Reading about the hype in the media regarding, "Hey, I've got a hot tip for you"- and to tune out this "noise" was very enjoyable. It was also interesting to read about "behavioral economics" and how emotions effect the way people invest.
  
  Taylor, Mel, and Michael also did an excellent job discussing the importance of having an asset allocation. They explained in detail what each type of investment vehicle is, and the importance of starting early to let the "Magic of Compound Interest" work for you. The understanding of inflation was also stressed, and how it effects purchasing power. This guide also includes a glossary of financial terms, recommended books, and website support regarding investing. If you want to read just one book about investing, this one is right up there as one I would highly recommend.
  
  The dedication to this book says it all in regards to why there are Bogleheads: To John C. Bogle, founder of the Vanguard Group
  
  "A man whom we knew from afar for many years but have since come to know and cherish as a friend. While some mutual fund founders chose to make billions, he chose to make a difference."
  
  - Kathleen Ryan
  
  
  
• An good 'investment' itself
  By A2DRXRGU5EF695 on 2006-06-01
  I was completely blown away by this book. It is easy to read, and has solid advice without any hidden agenda. I have purchased 6 copies so far and given them to family and friends. (My own copy is currently being borrowed by a co-worker.)
  
  It is sad that so many people fail to plan for retirement. They don't have the basic knowledge about investing and for some reason our current education system perpetuates it. A little education goes a long way and I would agree with the person below that this book would make a great gift for your children. It would be especially useful for those in school who will be entering the workforce soon.
  
  
  
  
• Vanguard and John Bogle should be proud
  By A253ZIULIAWTQ on 2006-01-13
  The Bogleheads' Guide to Investing is a straight forward, concise and no nonsense guide with a simple message...costs matter!
  
  It's a good read on everything from avoiding and managing debt, to how to manage an inheritance and all things in between. Great job and kudos to the three authors who come across loud and clear as a SINGLE VOICE..
  
  LynnC
  
  
• Carrying Forward the Principals of John Bogle
  By A661NQMOZ61QE on 2006-01-28
  I finished the book this morning and I must say it was an excellent read and refresher. I predict it will become a "must read" for young and novice investors as well as a return/review of basics for "seasoned" investors.
  
  I believe it is very important for experienced investors to occasionally "get back to basics" by reviewing the course we are on, why we are where we are, and where we want to go based on changes that may have occurred since we started the journey. This book fills the bill and I highly recommend it.
  
  
• The Bogleheads' Guide to Investing
  By A2MASPYM5X6ZKI on 2006-03-20
  A very practical guide to investing for the do-it-yourself individual -- is there any other way? The plan: follow this book as your Bible and stay the course. Advice: share copies of this book with others (your children).
  
  
• Outstanding.
  By A9ZV2N6JTI8BF on 2006-04-07
  Just finished reading this great book and it will be sure to become a classic in the investing world. The one thing that really came out at me while reading this book was what a labor of love it was for the authors. They have no hidden agenda or sales pitch. They are all seniors who truly love John "Jack" Boggle and are greatful to him for helping the little guy and seem to be on a mission to do the same for others that he did for them. They have done him proud and themselves as well. Way to go Boggleheads. I am proud to be among your followers. Yes I am drinking the Kool-Aid.
  
  
• The Bogleheads' Guide to Investing
  By A39FQXIIFA175E on 2006-12-08
  Very basic but good. Definitely for the beginner is why I give it a three star.
  
  
• Great Book -- Read it!!
  By A2HCDQ8T8SMAA on 2006-02-03
  This is a great addition to the investment world, and a good read for newbies and experienced investors alike. Hats off the authors for the creative, clear, concise and fun approach! One disappointment is that it doesn't cover anything about couples who aren't married in terms of insurance, trusts, and other financial protections. It would have been nice to see the word "spouse" replaced with "partner," and to read advice that applied to all of us -- not just some of us. In the meantime, this book is virtually guaranteed to help all of us make great investment and related decisions. Read it!
  
  
• Interesting and valuable read
  By A3VKKIBX3LF7SC on 2006-02-06
  This book is very well-written and easily comprehensible, even if it is quite basic. Readers looking for anything but a pretty simplistic overview of investing basics will be disappointed. This fundamental approach to investing, of course, is precisely what is advocated by Mr. Bogle and the legions of Bogleheads. The latter 1/3 of the book also gives extremely brief overviews of a myriad of other financial topics, from life insurance to wills and trusts. These brief overviews do not contain enough information to be very useful, but it's a good introduction to the concepts. Overall I do believe that I am a wiser investor after having read this book. Recommended.
  
  
• Fantastic investment book
  By A35FNQ6IYW2Z89 on 2006-11-03
  I have read several great investment books, but this has been the best. It is a must-read for those that really want to understand intelligent investing.
  
  
• Boglehead's Guide to Investing written for everyone - no exception
  By A248PVR7770EAP on 2006-02-07
  I have been a follower and a participant on this web-site from which this book comes. Started, I believe, as a result of ordinary people who have tried to accumulate and invest responsibly to protect and insure fianacially what they deem as responsible to produce a positive financial result that protects theirs and there loved ones future. After using the obvious and available financial experts and the various financial instutions, to accomplish this positive result, many found that these so called experts and instutions, that begged trust, turned out to be only concerned about their own profits and had no quaims in not delivering what they promised. These ordinary and responsible people turned to; "If I am going to loose money let it happen by my own hands!". Vanguard and Mr. John Bogle offered the necessary education to promote and incourage trust in investing with Vanguard.
  
  The Boglehead Guide to Investing is an acknowledgement to this source and a complation of over "Eight Years" of conversations, numerious research and questions, to workout "How to be a sucessful independent investor, produce postive results and meet stated goals, and maybe imploy some stragiaties that while accomplishing financial goals allows for sleeping soundly at night.
  
  I belive that anyone with this knowledge applied will sucessful, over time,be able to Retire or meet any and all financial goals.
  
  This book is clearly written and the authors donot write as financial experts, but share lessions and knowledge learned.
  
  I also believe that the Vanguard Group deserves all praise, and should acknowledge this publication and widely advertise it. Maybe, the Vanguard Group should buy out this publication and offer it to current and potential investors.
  
  I highly recommend this book to all ivestors that want to be sucessful.
  
  
• Excellent book from 3 great Diehards
  By A2QMWXAGOUG3JV on 2006-03-02
  As a long-time lurker on the Morningstar forum for Vanguard Diehards (www.diehards.org), I've been picking up tidbits of advice from the authors here and there. It's wonderful to see their knowledge compressed into such a great book -- that is easy to ready, and still full of information.
  
  A great book for any investor to learn about investing the "Boglehead" way.
  
  
• Excellent Book
  By AJQ75DJBHLNR3 on 2006-03-04
  This book instantly gives you 30 years of investing experience. It is very easy to read and understand. The concepts are simple and that is the REAL secret to making money on Wall Street.
  
  
• If you are a beginner at investing, just go buy this book rightaway !!!
  By A2F3WGEQJA5QLS on 2007-03-22
  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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