Top positive review
Take the emotion out of investing and understand the essential principles to apply (and more)
Reviewed in the United States on April 9, 2019
For years I did what my advisor told me without understanding what was going on. Fortunately, she was a good advisor and steered us through calm and troubled waters. Now I’m retired and I have time to educate myself, even though it’s a little late in life. Potentially, my wife and I still have a 15-20 year window of opportunity even though our risk/reward ratio has changed.
This book is something I wish I had read many years ago (If it existed). It is full of sound advice for investors, young and old. I have made some of the mistakes written about in this book and recognize the emotional, knee-jerk reactions, born out of fear and ignorance that can cause so much damage to a retirement plan.
I read the book as soon as I got it and have recommended it to a friend already (a well-educated man who Has made similar mistakes out of fear for losing his wealth).
The key terms are risk tolerance (Asset allocation), a balanced portfolio, tax efficiency and cash management, to name a few that stick in my mind. This book may not be the last book you ever read about financial planning but it will probably switch a light on in your brain and help you understand what good financial advisors already know.
This book will lay out the sensible way to deal with your assets, how to build them and how to manage them. You may retain an advisor also but at least you will know what is happening and why.
This is a book that I highly recommend for new or seasoned investors. Bogleheads are Vanguard enthusiasts because they have been involved with the company but the ideas in the book apply to all investment companies like Fidelity and many others. Vanguard is known for its low cost index funds and offers various services to investors at all levels. Mr. Bogle is a Vanguard founder if not THE founder of Vanguard. The book talks about him. ENJOY!