Monday, 4 November 2013

Bogleheads - What's that all about?



There's a thoroughly decent article which is worth a read over at Forbes magazine from last week on the cult of Bogleheads.

Bogleheads are a group of people (now numbering in the hundreds of thousands) who have adopted Jack Bogle's methods in their investing and everyday life. Their site is nothing to look at but is full of useful gems of information, tips and deals, and good wholesome advice. Most of it is focused on the Amerian market

Forbes has broken down their credo into the following 10 points. I won't elaborate further on them as they're explained in the article but the headings alone give decent advice for a prosperous life.

1. Live below your means.(Big fans of that here at Investimouse)
2. Cost matters.
3. Buy the market/diversify.
4. Don’t look at past returns to gauge future performance.
5. Never try to time the market.
6. Stick to your goals.
7. Save as much as you can, as early as you can.
8. Look at the big picture.
9. Automate good behaviours.
10. Minimize taxes.
Lots of good passive investing advice really. Keep your costs low, invest regularly and often, don't try to time the market and keep diversified.

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