The Bogleheads' Guide to the Three-Fund Portfolio

Auteur

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.

Texte du rabat

"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: Preparing for Prosperity, Armageddon, and Everything in Between

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.

Contenu

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

Benefit1: No Advisor Risk 14

Benefit2: No Asset Bloat 17

Benefit3: No Index Front Running 19

Benefit4: No Fund Manager Risk 20

Benefit5: No Individual Stock Risk 22

Benefit6: No Overlap 24

Benefit7: No Sector Risk 25

Benefit8: No Style Drift 26

Benefit9: Low Tracking Error 27

Benefit10: Above-Average Return 28

Benefit11: Simplified Contributions and Withdrawals 32

Benefit12: The Benefit of Consistency 33

Benefit13: Low Turnover 34

Benefit14: Low Costs 35

Benefit15: Maximum Diversification (lower risk) 38

Benefit16: Portfolio Efficiency (best risk/return ratio) 39

Benefit17: Low Maintenance 40

Benefit18: Easy to Rebalance 41

Benefit19: Tax Efficiency 42

Benefit20: Simplicity (for investors, caregivers, and heirs) 44

CHAPTER 5: GETTING STARTED 49

CHAPTER 6: STAY THE COURSE 59

APPENDIX I: WHAT EXPERTS SAY 63

APPENDIX II: MEET THE BOGLEHEADS 69

GLOSSARY OF FINANCIAL TERMS 75

INDEX 79