{"product":{"product_id":"0470067365","title":"The Bogleheads' Guide to Investing","price":"40.6","image_url":"https://m.media-amazon.com/images/I/51C6jAf1afL._SL500_.jpg","url":"https://www.amazon.com/dp/0470067365"},"comments":[{"body":"Exactly! \"Terry Odean and Brad Barber, two professors at the University of California, did a study of 66,400 investors between the years 1991 and 1997 to learn how trading affected those investors' returns. They found that buy-and-hold investors outperformed the most active traders by a whopping 7.1% a year (before taxes).\" ([source](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365))","subreddit_name":"BeachbodyHunSnark","author":"desklurk"},{"body":"_Which_ ETF doesn't matter so much as _why_ you are investing and what you expect to get out of it. Setting goals and managing them is more important than anything else.\r\n\r\nI don't know where you live, but investing is more than just about buying shares in a fund. There are a lot of questions around income, budgeting, taxes, and retirement planning that you should figure out before you jump into the deep end. In particular, sorting out the tax-advantaged savings options (e.g. in the US this would be things like IRAs) is very important.\r\n\r\nSome people become so obsessed with tracking ETFs that they collect them like Pokemons, thinking that more ETFs lead to higher returns. This isn't the case. I would argue that most people aren't really equipped to construct their own portfolios, and should instead just buy a target date fund, which is a kind of mutual fund (similar to an ETF, but with some advantages) that contains a complete portfolio in just one fund, with a risk level that automatically adjusts to your age; or at the very least an asset allocation fund (which is also a complete portfolio, but with a static allocation; examples include he AOR ETF, and Vanguard's LifeStrategy funds).\r\n\r\nThere's so much to cover here that won't fit in a single comment, so I recommend instead you do some reading. One of the best books I can recommend on this is [The Bogleheads' Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365). It's an easy read that tells you everything most retail investors need to get solid returns with low risk.","subreddit_name":"ETFs","author":"lobster_johnson"},{"body":"[Buy this book.](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365)  It's a simple primer and will answer all of your questions. The basic idea is just buy into index funds consistently, ignore the noise (the daily ups and downs), don't panic during dips, keep in the funds in a Roth or traditional IRA, and wait.  Most any broker is fine, but Vanguard owns a lot of great index funds and it's easy enough to just setup monthly transfers. They even have a retirement target fund, e.g. Target Retirement 2060 is a single fund that will rebalance automatically without you having to do anything.\r\n\r\nAt 23 if you start now you can probably retire a millionaire in your early 60s.  Google nerd wallet retirement calculator (but don't sign up for anything, it's not necessary).","subreddit_name":"stocks","author":"Mentalpopcorn"},{"body":"I mean up until this stage of life your aversion to bonds was probably justified and served you well. You're getting older now, so it might be time to start curtailing that judgement (although you may have some years left). Bonds essentialyl are more stable, so on shorter term can be a better decision because they weather market fluctuations more easily, That being said, long term, they don't perform as well as compared to the market, so the opportunity cost to holding bonds generally outweights the benefit. This is the reason why you see people move more of their portfolios towards bonds as they get older\r\n\r\nYup, do some reading. Read about three fund portfolios. {Good book](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) if you like those types of things versus piece together a bunch of forum/blog posts.","subreddit_name":"Bogleheads","author":"RelishMule"},{"body":"If I'm understanding correctly, it doesn't sound like you can make any changes with your big items (rent, car loan), but if you really want to get frugal in other categories, I'd be happy to offer random tips. I use a finance planner that I made in Google Sheets to track my income/expenses, which has made it much easier to see *exactly* where my money is going with little effort. It's made analyzing my finances much more fun (I'm weird).\r\n\r\nNot that you need to jump into it right away or stress about it, but I would definitely look into low-risk investing, and taking advantage of any 401(k) matching if your job offers it. If all of your savings is sitting in a savings account at, say, Wells Fargo, you're losing money to inflation. I wish I'd gotten serious about it in my 20s instead of my 30s! [This](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) book is a good place to start if you can get it from the library.","subreddit_name":"SavingMoney","author":"Ok-Butterscotch54"},{"body":"Como muitos já comentaram, investir em educação é o mais importante, porque isso deve te trazer muito mais renda.\r\n\r\nCom a sua idade você já deve ter condições de ingressar em um curso superior em alguma faculdade perto. Se seus pais não tem condições de te manter ainda é possível fazer com algum projeto de apoio a permanência estudantil e renda a partir de monitorias ou estágios. Qual o curso acho que é uma decisão pessoal que você deve pesquisar o que prefere, e se não se adaptar dá para mudar depois.\r\n\r\nPor fim gosto bastante desse [livro dos Boggleheads](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) para administrar finanças. Ele tem um foco em investimentos, mas também entra bastante em finanças pessoais, do tipo como organizar seu dinheiro, quando é importante comprar um seguro e afins.","subreddit_name":"investimentos","author":"ItsMe_RandomNumber"},{"body":"I do think you should invest in BND. But I also think that you should try to understand what it is. Most of the complexities around bond relate to how the entire modern financial system operates, especially with regard to debt, but bonds themselves are simple to grasp. [This](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) is an excellent book that can teach you the basics, including everything else about how long-term investing works.","subreddit_name":"ETFs","author":"lobster_johnson"},{"body":"To gain a deeper understanding, I recommend the Boglehead book: [The Bogleheads' Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) by Taylor Larimore et al. I always say that if you're not a hobbyist who wants to learn terms like \"risk-adjusted return\" and \"reversion to the mean\" — you just want to invest — then this is the only book you will ever need to buy.\r\n\r\n\u0026gt; All the interviews I have seen with Jack Bogle have claimed that U.S. companies provide more than enough international exposure.\r\n\r\nBogle has always been flexible about international. In his book Common Sense of Mutual Funds (1991), Bogle recommended a maximum of 20% international:\r\n\r\n_Overseas investments—holdings in the corporations of other nations—are not essential, nor even necessary, to a well-diversified portfolio. For investors who disagree—and there are some valid reasons for global investing—we recommend limiting international investments to a maximum of 20 percent of a global equity portfolio._\r\n\r\nWhen pressed in interviews, he admitted he wasn't an expert, and he pointed to the fact that Vanguard didn't agree with him. All Vanguard asset allocation funds such as LifeStrategy and Target Retirement Date use a three-fund portfolios (though they split the bond portion into US and international).\r\n\r\n\u0026gt; Where did this 3-fund portfolio actually come from?\r\n\r\nTaylor Larimore and the Bogleheads discussion board. The Bogleheads.org discussion board goes back to the 1990s when it was on Morningstar.com. Eventually Larimore popularized the term with the Bogleheads book in 2006, and then the later book The Bogleheads's Guide to the Three-Fund Portfolio.\r\n\r\nBogle himself never used the word \"three-fund portfolio\", as far as I know.","subreddit_name":"Bogleheads","author":"lobster_johnson"},{"body":"[The Bogleheads' Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365). The book is designed as an introductory read but I still find myself pulling it off the bookshelf in the times of uncertainty. You aren't going to find any \"get rich quick\" schemes but it is engaging and will teach you what you need to know at this point, and many other points, throughout your wealth accumulation phase.","subreddit_name":"financialindependence","author":"yankee-white"},{"body":"The [Boglehead Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) is essentially the Bogleheads Wiki but in a more colorful and accessible format. I keep it on my mantle at all times and pull it down whenever I need to re-center myself. It's expertly written and a true gem for FIRE individuals who are non-technical people. Cathartic and reassuring. ","subreddit_name":"financialindependence","author":"yankee-white"},{"body":"I've actually never read any of the books.  My parents work in Finance and my dad spent time with a brokerage for a while so I was kinda instilled with a curiosity for investments from an early age.  That said, The Bogleheads Guide to Investing seems to pop up fairly regularly as recommended reading for new investors.\r\n\r\nhttps://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365","subreddit_name":"personalfinance","author":"forlorn_hope28"},{"body":"For the basics of investing in low-fee funds,\r\n read [The Boglehead's Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365). It'll answer most of the questions you ask here, and show you how to build a simple portfolio. The advice runs a bit on the conservative side, but it's easy to see how to adjust it if you want to be a bit more aggressive.","subreddit_name":"personalfinance","author":"uh-okay-I-guess"},{"body":"I agree with your friend's suggestion to be aggressive, however I suggest learning some on your own before you just blindly follow someone's advice. I found the [Boglehead's Guide to Investing](https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365) to be particularly helpful.","subreddit_name":"personalfinance","author":"utohs"},{"body":"No problem!\r\n\r\nMost people can't even think about these things because it stresses them out.  That puts you on the right track.  Now, you need to be intelligent with the next action you take.\r\n\r\nSince you seem like you are looking to educate yourself, the best money you could ever invest is: https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365\r\n\r\nVery cheap (especially compared making financial mistakes). Invest in your own knowledge.  So many people spend their whole lives working for money and never bother taking a week to figure out how money actually works.","subreddit_name":"teslamotors","author":"blastuponsometerries"},{"body":"Intelligent Investor could be a little hard for a someone new to stocks/bonds. Maybe read Boglehead's Guide to Investing first and then head towards Intelligent Investor after.\r\nhttp://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365","subreddit_name":"booksuggestions","author":"buttfreeek"}]}