Twenty benefits from the three-fund total market index portfolio.
The Bogleheads' Guide to The Three-Fund Portfolio describes the most popular portfolio on the Bogleheads forum. This all-indexed portfolio contains over 15,000 worldwide securities, in just three easily-managed funds, that has outperformed the vast majority of both professional and amateur investors.
If you are a new investor, or an experienced investor who wants to simplify and improve your portfolio, The Bogleheads' Guide to The Three-Fund Portfolio is a short, easy-to-read guide to show you how.
Autorentext
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.
Klappentext
"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 timewithout 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.
Zusammenfassung
Twenty benefits from the three-fund total market index portfolio.
The Bogleheads' Guide to The Three-Fund Portfolio describes the most popular portfolio on the Bogleheads forum. This all-indexed portfolio contains over 15,000 worldwide securities, in just three easily-managed funds, that has outperformed the vast majority of both professional and amateur investors.
If you are a new investor, or an experienced investor who wants to simplify and improve your portfolio, The Bogleheads' Guide to The Three-Fund Portfolio is a short, easy-to-read guide to show you how.
Inhalt
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. BOGLETHE 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: Simplifi ed Contributions and Withdrawals 32
Benefit12: The Benefitof Consistency 33
Benefit13: Low Turnover 34
Benefit14: Low Costs 35
Benefit15: Maximum Diversifi cation (lower risk) 38
Benefit16: Portfolio Effi ciency (best risk/return ratio) 39
Benefit17: Low Maintenance 40
Benefit18: Easy to Rebalance 41
Benefit19: Tax Effi ciency 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