hr: Money

The Bogleheads’ Guide to Investing is a book released by the ‘Bogleheads’, who are self proclaimed admirers of John Bogle, founder of the Vanguard group.

Photo Credit: PPDIGITAL

It’s a straight forward guide to investing, and starts at the very basics with choosing a lifestyle. It goes on to describe the various concepts and themes that are found in the investing world, and then proceeds to talk about brokers, retirement, and how to pass on your estate.

A particularly interesting chapter is on ‘How costs Matter’, where it shows you how expensive it can get to pay for mutual funds that have huge percentage costs.

As an advocate of the simple ways of investing myself, I like a book that shows people just how investing should be done, and totally agree with the authors on ‘Keep it simple’.

Another refreshing chapter is on ‘How to handle a windfall’. Suppose you come into a huge amount of money suddenly and unexpectedly, what does one do with it, and how do you prevent it from just going down the drain? Tips like this for the common man, are precisely what make the book so useful.

The book winds up with a discussion of Vanguard investments, which isn’t really surprising, given the fact that the authors eulogize John Bogle, who just happens to be the CEO!