Finally, here is a guide for anyone from longtime investors to financial underdogs: “The Bogleheads’ Guide to Investing” by Taylor Larimore, Michael LeBoeuf, and Mel Lindauer. The foreword by John C. Bogle, who was the proud namesake of the Bogleheads investors’ community, will catch you up on exactly what that funny word in the title means. He ascribes a particular culture to this movement: Bogleheads are both rational and caring. This book was written by three self-professed Bogleheads who are also leaders within the movement. If you follow their advice, you may be looking forward to a very pleasant retirement.
While Bogleheads have no time for illogic, these seasoned investors are always willing to lend a helping hand to new or struggling investors who visit their forum. With this guide, the authors extend their expertise to you too. For example, they stress the importance of diversifying your investments, but not before you make a solid plan. While now-deceased Bogle started and led The Vanguard Group, these three authors share credentials of simply being excellent investors who share his philosophy. They even invite you to join them in the Bogleheads forum and learn from other investors who have no agenda other than to help their community.
Common sense is not the name of this game. These authors want to help you learn investment sense instead, or what they call “contrarian wisdom.” Parallels exist between the advice in this book and that of Benjamin Franklin, as pointed out by Bogle in the foreword. However, the Bogleheads build upon that wisdom to make their philosophy even more accessible to the average investor. The authors present organized, logical chapters to help you learn everything that you need to know. Above all, they encourage you to spend less and invest smarter. After reading this guide, you may be ready to call yourself a Boglehead too.