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Twenty benefits from the three-fund total market index portfolio.


The Bogleheads' Guide to The Three-Fund Portfolio describes the most popular portfolio on the Bogleheads forum. This all-indexed portfolio contains over 15,000 worldwide securities, in just three easily-managed funds, that has outperformed the vast majority of both professional and amateur investors.


If you are a new investor, or an experienced investor who wants to simplify and improve your portfolio, The Bogleheads' Guide to The Three-Fund Portfolio is a short, easy-to-read guide to show you how.

The Bogleheads' Guide to the Three-Fund Portfolio- How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk

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





Benefit1: No Advisor Risk 14





Benefit2: No Asset Bloat 17





Benefit3: No Index Front Running 19





Benefit4: No Fund Manager Risk 20





Benefit5: No Individual Stock Risk 22





Benefit6: No Overlap 24





Benefit7: No Sector Risk 25





Benefit8: No Style Drift 26





Benefit9: Low Tracking Error 27





Benefit10: Above-Average Return 28





Benefit11: Simplifi ed Contributions and Withdrawals 32





Benefit12: The Benefitof Consistency 33





Benefit13: Low Turnover 34





Benefit14: Low Costs 35





Benefit15: Maximum Diversifi cation (lower risk) 38





Benefit16: Portfolio Effi ciency (best risk/return ratio) 39





Benefit17: Low Maintenance 40





Benefit18: Easy to Rebalance 41





Benefit19: Tax Effi ciency 42





Benefit20: Simplicity (for investors, caregivers, and heirs) 44





CHAPTER 5: GETTING STARTED 49





CHAPTER 6: STAY THE COURSE 59





APPENDIX I: WHAT EXPERTS SAY 63





APPENDIX II: MEET THE BOGLEHEADS 69





GLOSSARY OF FINANCIAL TERMS 75





INDEX 79