The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

ANYONE who invests really NEEDS to read this book! I lost a BUNDLE in the past year in the market. I began to think my investment advisory firm was NOT taking the best care of me, but the WERE GETTING PAID IN FULL while losing me a quarter million bucks! And I started researching, looking for "A Better Way." I worked hard, put in many long hours, went through every resource available to me... And then I found... This little book. From it I've learned my advisors could never do as good a job for me as I CAN do for myself! This little book has led me to start moving my assets out of "helpers" hands, and finally reap the FULL rewards my invested money generates instead of letting my "helpers" continue helping themselves to MY MONEY!!! The book is written by someone who is more verbose than I, but the book is well written, informative, and builds the author's case in a logical, stepwise manner. It shows you how you've been wrong, paying high fees unnecessarily. More, it shows you the tool available to everyone that allows much faster wealth building with passive investing than is possible with any active investing. Yep, if you've got money TO invest (old farts like me do) you really need to read this book. I guarantee you will be helped by it. Especially considering we really can't count on Social Security for our old age. Social Security was never meant to be more than a source of PARTIAL suport! You'd jolly well better have your own money invested and generating enough additional cash to make your life comfortable in your old age, because nobody is going to do it for you! If you think Uncle Sugar is going to keep your comfortable in your older years, BOY are you in for a shock! Buy the book. Read it. Learn how to be more financially secure, sooner. It's in the book!

I have experience investing at the retail level and consider myself a knowledgeable but highly typical retail American investor. I started from zero and believe in personal responsibility, self reliance and I firmly believe SS is going to shift to a welfare program and because of that belief I plan on needing my own money for a retirement that is to involve anything in addition to sitting home and waiting on a government check to barely cover the groceries. I am also a victim of class warfare perpetrated through our current political class and feel a sense of urgency in protecting my future from the witless and covetous hordes at the gate. I invest what I can for my personal wealth advancement, to pay for my children's education and for my retirement. All that I have learned comes from educating myself and through experience. In my quest for independence I have recently been working on asset allocation fine tuning but also on simplifying my investments for ease of management. This book was a home run. What John Bogle preaches (and I do mean preaches) is that owning the major markets in their entirety is a better strategy than trying to pick individual stocks and a far better strategy than allowing some 'advisor' to chip away at your principle via expenses. Even mutual funds can chip away principle through expenses. The simple analogy given by Bogle is "instead of looking for the needle in the haystack, buy the haystack". He is a 'buy and hold through low cost indexes' disciple. That sums up the thirty thousand foot view of the book but it is worth reading so he can make his case, and make his case he does. Unless you did not know it already, John Bogle is the father of mutual funds and one of the founders of Vanguard. Yet, he even offers some fair criticisms of today's mutual fund industry. After reading his book I applied much of what John Bogle proffers into my asset allocation strategy and have shifted nearly all of my long term investments into one low cost mutual fund company where asset class diversification is available,where expenses are low, turnover is low and I can see and manage everything from one simple dashboard. Rebalancing, adding to an allocation and the simplicity of doing so was worth the price of the book itself, especially when you see how the author details the method of collecting expenses by the financial industry. There are no populist boogie men in this book and there are no get rich quick schemes, no pretense that Bogle knows how to better time the market and no pretense that all financial planners are evil doers hell bent on destroying the little people. As for the last point, he rightfully leaves those charges to be leveled by the opportunist politicians to the low information voter.

Te explica los conceptos básicos del value investing. Quizás algo denso para quien sea todavía iniciado en el mundo de la inversión.

Escrito em linguagem de fácil entendimento, apesar da complexidade do tema, é leitura essencial para os interessados em investimentos em geral.

Book-level: Advanced Sir John Bogle has really written a masterpiece, and rightly qualifies to be marked as a "Bible" for Investment Philosophy. Considering author was a founder of the Vanguard empire, and a pioneer of the Index Mutual Fund, most of the book is presenting supporting ideas for the same. The Stock Market is a price discovery place and if all people invest in Index Fund, then price discovery of companies out of the index will be a tough task, hence most should but not everyone should follow him. :) If you are willing to ignore the Vanguard Index Mutual Fund push, as not all readers are from the USA, and learn how to choose investment vehicle then this book provides a great deal of details and guiding principles. Book answers below questions well. - Active vs Passive Investment - Why cost matters? - Why future numbers will not be as good as past? - Why choosing a recent table topper is a bad idea? - When to choose advisor? and, what to expect from one? - ETF vs Index Fund - Why Sector or Theme based Index Funds are an illusion? - What Asset Allocation should one choose? and, the magic of cost along with it. With lots of courage, and though author gave evidence to support his argument, I would like to counter the argument of Indexing is better choice in developed and emerging market. Considering I am from India, this country does have pockets of companies which are out of the index and hence Active Fund Managers are still able to deliver out performance to justify their cost. Situation is tilting towards author's argument but there is still scope for few years, if not many, for Active Managers to deliver out performance. And I am neither a Fund Manager myself nor associated with any nor paid to write this.

Zeitloses Standardwerk vom Vater des Indexing. Gut zu lesen und kommt schnell auf den Punkt. Als Einführungslektüre gut zu gebrauchen.

Per l'investitore medio. Tramite prove supportate da dati numerici e principi di comune buonsenso, l'autore apre gli occhi al lettore sulla realtà legata ai fondi di investimento attivi solitamente proposti in banca. Realtà fatta di conflitti di interesse, alte commissioni e basse performance. Tali caratteristiche negative non sono presenti nei fondi indicizzati presentati dall'autore come il miglior mezzo di investimento per tutti.