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

"Simple. Powerful. And unbeatable. Read it, execute it, then retire in comfort and sleep like a baby."
—William J. Bernstein, bestselling author of The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between

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