Taylor Larimore

The Bogleheads' Guide to the Three-Fund Portfolio (eBook, ePUB)

How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: Wiley
• Erscheinungstermin: 1. Juni 2018
• Englisch
• ISBN-13: 9781119487357
• Artikelnr.: 57005846

Autorenporträt

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.

Inhaltsangabe

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. BOGLE--THE 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 7

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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. Bogle-The 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
Benefit 1: No Advisor Risk 14
Benefit 2: No Asset Bloat 17
Benefit 3: No Index Front Running 19
Benefit 4: No Fund Manager Risk 20
Benefit 5: No Individual Stock Risk 22
Benefit 6: No Overlap 24
Benefit 8: No Style Drift 26
Benefit 9: Low Tracking Error 27
Benefit 10: Above-Average Return 28
Benefit 11: Simplified Contributions and Withdrawals 32
Benefit 12: The Benefit of Consistency 33
Benefit 13: Low Turnover 34
Benefit 14: Low Costs 35
Benefit 15: Maximum Diversification (lower risk) 38
Benefit 16: Portfolio Efficiency (best risk/return ratio) 39
Benefit 17: Low Maintenance 40
Benefit 18: Easy to Rebalance 41
Benefit 19: Tax Efficiency 42
Benefit 20: Simplicity (for investors, caregivers, and heirs) 44
Chapter 5 Getting Started 49
Chapter 6 Stay the Course 59
Appendix I: What Experts S Ay 63
Appendix II: Meet the Bogleheads 69
Glossary of Financial Terms 75
Index 79