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The best-selling investment guide, The Little Book of Common Sense Investing, is back with fresh insights and new perspectives. This timeless classic is your key to understanding the market, authored by legendary mutual fund pioneer, John C. Bogle. His secret to successful investing? Low-cost index funds. Bogle simplifies the most effective long-term strategy for accumulating wealth: buying and holding a low-cost mutual fund that tracks a broad stock market index like the S&P 500.
Despite market fluctuations since the first edition of The Little Book of Common Sense Investing was released in April 2007, Bogle’s investment principles have proven robust and beneficial. This tenth-anniversary edition retains its long-term perspective, updated with current data and fresh content. Bogle also introduces two new chapters to guide investors on asset allocation and retirement investing.
A portfolio centered on index funds guarantees your fair share of market returns. This strategy is endorsed by Warren Buffett, who hailed Bogle for his significant contributions to American investors. Buffett’s praise for Bogle’s advocacy for ultra-low-cost index funds recognizes his role in helping millions of investors earn better returns on their savings. Bogle’s approach to index investing has the backing of top financial minds globally, including Benjamin Graham, Paul Samuelson, Burton Malkiel, David Swensen of Yale, and Cliff Asness of AQR, among others.
This latest edition of The Little Book of Common Sense Investing continues to offer a reliable strategy for securing your financial future. It recommends building a diversified, low-cost portfolio, steering clear of the risks of individual stocks, manager selection, and sector rotation. Discard fleeting trends and marketing hype, focusing instead on what works in the real world. Understand that stock returns are influenced by three factors: dividend yield, earnings growth, and change in market valuation. This knowledge will help you set realistic expectations for stock returns over the next decade.
Over the long term, business reality will always outperform market expectations. Learn how to leverage the power of comp