Mention to anyone that you are interested in investing in the stock market and chances are high they will look at you with panic in their eyes. How could you, a mere mortal, hope to invest in that black box we call the stock market and hope to come out with a quarter of your life savings? Surely you must be mad, because only those with an Ivy league education in Finance with an advanced degree in Economics with a stint as an accountant for a large multi-billion dollar corporation under their belt can ever dream, maybe, of investing successfully in the stock market. Right?
In comes the fabulously written The Bogleheads’ Guide to Investing. For those of you who don’t know, “Boglehead” is a reference to leading investor, founder and former CEO of The Vanguard Group, John Bogle. Mr. Bogle is also well-known for pointing out the superiority of Index Funds over Mutual Funds, and for trying to help the little guy get ahead in the stock market using a few basic guidelines, such as ignoring past fund performance and eschewing fund managers. The Boglehead’s Guide, as you can guess, is written with his advice in mind.
The book is encyclopedic in its breadth and treatment of every conceivable topic from funds to bonds, stocks to IRAs. Sound, practical advice is given, and it is assumed from the beginning that the reader is starting completely from scratch. Indeed, this book should likewise be called the investor’s Bible due to the thoroughness with which it treats the topic of investing. Furthermore, the advice herein will never go out of date, so if you pick it up 30 years down the line, the explanations will still be just as useful as the day the book was first published. Pick up a copy and happy investing!