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The Bogleheads' Guide to Investing
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The irreverent guide to investing, Boglehead style
The Boglehead's Guide to Investing is a DIY handbook that espouses the sage investment wisdom of John C. Bogle. This witty and wonderful book offers contrarian advice that provides the first step on the road to investment success, illustrating how relying on typical "common sense" promoted by Wall Street is destined to leave you poorer. This updated edition includes new information on backdoor Roth IRAs and ETFs as mainstream buy and hold investments, estate taxes and gifting, plus changes to the laws regarding Traditional and Roth IRAs, and 401k and 403b retirement plans. With warnings and principles both precisely accurate and grandly counterintuitive, the Boglehead authors show how beating the market is a zero-sum game.
Investing can be simple, but it's certainly not simplistic. Over the course of twenty years, the followers of John C. Bogle have evolved from a loose association of investors to a major force with the largest and most active non-commercial financial forum on the Internet. The Boglehead's Guide to Investing brings that communication to you with comprehensive guidance to the investment prowess on display at Bogleheads.org. You'll learn how to craft your own investment strategy using the Bogle-proven methods that have worked for thousands of investors, and how to:
- Choose a sound financial lifestyle and diversify your portfolio
- Start early, invest regularly, and know what you're buying
- Preserve your buying power, keeping costs and taxes low
- Throw out the "good" advice promoted by Wall Street that leads to investment failure
Financial markets are essentially closed systems in which one's gain garners another's loss. Investors looking for a roadmap to successfully navigating these choppy waters long-term will find expert guidance, sound advice, and a little irreverent humor in The Boglehead's Guide to Investing.
- ISBN-101119847672
- ISBN-13978-1119847670
- Edition2nd
- Publication dateNovember 23, 2021
- LanguageEnglish
- Dimensions5.9 x 1.1 x 8.8 inches
- Print length336 pages
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From the Publisher
Editorial Reviews
From the Inside Flap
PRAISE FOR The Bogleheads'Guide to INVESTING
"I'm often asked to recommend a good, basic book on investing, and The Bogleheads' Guide to Investing has been my go-to pick since its original publication. It focuses on all the right things: the virtues of maintaining a frugal lifestyle, keeping investment costs down, and building a simple, low-maintenance portfolio. And importantly, it also tells investors what they can safely tune out--namely, day-to-day market action and the latest 'hot' investment products. Its advice will stand the test of time."
--CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc.
"John Bogle set out to reform the mutual fund industry nearly 40 years ago. He saw a high fee, self-serving, good ol' boy network and thought it was wrong. Bogle believed the purpose of an investment company was to be investor-focused. His idea turned into a revolution. The Bogleheads' Guide to Investing is a testimony to the massive changes that have taken place as a result of Bogle's vision. The ideas in this book have saved countless investors billions of dollars in unnecessary fees. Hats off to Taylor, Mel, and Mike for a job well done."
--RICK FERRI, CFA, Investment adviser and author
"The Bogleheads' Guide to Investing describes a sophisticated and proven approach to successful investing. Nevertheless, its message of saving, investing in a diversified, balanced, low cost portfolio, and keeping it simple is easily grasped by investors of all levels of experience. Regardless of your investment acumen, this book provides many clearly expounded investment insights and is a great roadmap to financial success."
--GEORGE U. "GUS" SAUTER, Retired Chief Investment Officer, Vanguard
"The best one-stop shopping solution to saving, debt management, investing, insurance, and financial planning I have seen between two covers. For the price of a week's worth of lattes, you can secure your future."
--WILLIAM J. BERNSTEIN, cofounder, Efficient Frontier Advisors, LLC, author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor's Manifesto
From the Back Cover
PRAISE FOR The Bogleheads’Guide to INVESTING
“I’m often asked to recommend a good, basic book on investing, and The Bogleheads’ Guide to Investing has been my go-to pick since its original publication. It focuses on all the right things: the virtues of maintaining a frugal lifestyle, keeping investment costs down, and building a simple, low-maintenance portfolio. And importantly, it also tells investors what they can safely tune out―namely, day-to-day market action and the latest ‘hot’ investment products. Its advice will stand the test of time.”
―CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc.
“John Bogle set out to reform the mutual fund industry nearly 40 years ago. He saw a high fee, self-serving, good ol’ boy network and thought it was wrong. Bogle believed the purpose of an investment company was to be investor-focused. His idea turned into a revolution. The Bogleheads’ Guide to Investing is a testimony to the massive changes that have taken place as a result of Bogle’s vision. The ideas in this book have saved countless investors billions of dollars in unnecessary fees. Hats off to Taylor, Mel, and Mike for a job well done.”
―RICK FERRI, CFA, Investment adviser and author
“The Bogleheads’ Guide to Investing describes a sophisticated and proven approach to successful investing. Nevertheless, its message of saving, investing in a diversified, balanced, low cost portfolio, and keeping it simple is easily grasped by investors of all levels of experience. Regardless of your investment acumen, this book provides many clearly expounded investment insights and is a great roadmap to financial success.”
―GEORGE U. “GUS” SAUTER, Retired Chief Investment Officer, Vanguard
“The best one-stop shopping solution to saving, debt management, investing, insurance, and financial planning I have seen between two covers. For the price of a week’s worth of lattes, you can secure your future.”
―WILLIAM J. BERNSTEIN, cofounder, Efficient Frontier Advisors, LLC, author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor’s Manifesto
About the Author
MEL LINDAUER, CFS, WMS, was dubbed “The Prince of the Bogleheads” by Jack Bogle. A Forbes.com columnist, he’s one of the leaders of the Bogleheads community.
TAYLOR LARIMORE, CCL, has been dubbed by Money magazine as “the Dean of the Vanguard Diehards” and John (Jack) Bogle himself calls Taylor “The King of the Bogleheads.”
MICHAEL LEBOEUF, PHD, is an internationally published author, business consultant, and professor emeritus who taught Management at The University of New Orleans.
Product details
- Publisher : Wiley
- Publication date : November 23, 2021
- Edition : 2nd
- Language : English
- Print length : 336 pages
- ISBN-10 : 1119847672
- ISBN-13 : 978-1119847670
- Item Weight : 2.31 pounds
- Dimensions : 5.9 x 1.1 x 8.8 inches
- Best Sellers Rank: #14,646 in Books (See Top 100 in Books)
- #3 in Business Investments
- #8 in Business Finance
- #16 in Economics (Books)
- Customer Reviews:
About the authors

John C. Bogle (Bryn Mawr, PA) is Founder of The Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as Chairman and Chief Executive Officer until 1996 and Senior Chairman until 2000. He had been associated with a predecessor company since 1951, immediately following his graduation from Princeton University, magna cum laude in Economics. The Vanguard Group is one of the two largest mutual fund organizations in the world. Headquartered in Malvern, Pennsylvania, Vanguard comprises more than 100 mutual funds with current assets totaling about $742 billion. Vanguard 500 Index Fund, the largest fund in the group, was founded by Mr. Bogle in 1975. In 2004, TIME magazine named Mr. Bogle as one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 1999, FORTUNE designated him as one of the investment industry's four "Giants of the 20th Century." In the same year, he received the Woodrow Wilson Award from Princeton University for distinguished achievement in the nation's service."

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A former Forbes.com columnist, Mel Lindauer, CFS, WMS, was dubbed "The Prince of the Bogleheads" by Jack Bogle, the founder of Vanguard. He established The John C. Bogle Center for Financial Literacy and served as its President for 10 years. He's a moderator and leader of the Bogleheads forum at bogleheads.org and of its predecessor forum at Morningstar.com. He's made more than 50,000 posts on these two forums.
A Marine veteran, he started investing in the late '60s and has first-hand experience with both bull and bear markets. Together with co-author Taylor Larimore, he initiated and continued to organize the grassroots Bogleheads annual Conferences for 20 years.
He's been quoted in a number of newspapers and national magazines, including the Wall Street Journal, Forbes, Money, US News & World Report, Investment News, The Miami Herald, the Philadelphia Inquirer and the Daytona Beach News-Journal. He's also appeared on CNN-fn. In March of 2012, he was honored by Money Magazine as one of its "Everyday Heroes" for his work in investor education.
Retired since 1997, he was the founder and former CEO of a successful graphic arts company in the Philadelphia area for 30 years. Since retirement, he's earned credentials as a Certified Fund Specialist from the Institute of Business and Finance and as a Wealth Management Specialist from Kaplan College.
He was elected to the Daytona Beach Shores FL City Council in 2016, was re-elected in 2018, and was elected as Vice Mayor in 2020.
He also holds commercial pilot and flight instructor licenses, and was commissioned a Kentucky Colonel by the Governor of his former home state of Kentucky.
He attended Delaware County Community College and Temple University and earned his degree in Business Management.
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