Reddit reviews The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk
We found 6 Reddit comments about The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk. Here are the top ones, ranked by their Reddit score.
Vanguard might honestly be a better place to start unless you also want a range of other products like a checking account (with checks and bill paying), CDs (certificates of deposit, a type of savings account), currency trading, etc. Schwab is probably a better "full service" bank/brokerage, though.
If you don't have a lot of money to start with, and this is for long-term investing, I recommend starting with 1-3 conservative mutual funds or ETFs, and resist the temptation to try to do individaul stocks. The "three fund portfolio" is a very solid technique. This book is a great introduction to sensible investing, which explains why this is a good strategy.
Basically, index funds and ETFs let you hedge your stock market bets by pooling your money in a big basket of stocks. The S&P 500 (e.g. VOO or SPY ETFs) are up more than 22% this year. That's hard to beat for individual stocks. It's possible to get lucky, but over time, you're likely to do worse than the stock market.
Most people, including experts, underperform the market average when they try stock picking themselves. That's why people buy the average by investing in index funds.
I'm one of those Robinhood users but I can't complain about much it's not a bad way to start learning how to trade and buy stocks. I contribute every payday into my account it's currently around $5,000. Not much but it's decent. For the last two-and-a-half years I've been investing a portion of my paychecks to the stock market I spent about four months losing a lot of money trying to follow all these YouTube gurus advice. I lost about $1,500 trying to do that. Eventually though I decided I should just teach myself the ropes instead of taking somebody else's word for it. I purchased 4 books from Amazon and these books are great they teach you a lot of stuff about the stock market how to value companies and ideas to help you grow your portfolio over time I just wanted to recommend these books if somebody is just starting out it's not that much money it's about $45 worth of investment it has been great for me since reading them. I also have to recommend a YouTuber that I follow quite closely his name is Jeremy and his channel is called financial education. I like his investment style and I try to do very similar things myself.
.https://amzn.to/2mnwnOg The Intelligent Investor by Benjamin Graham
https://amzn.to/2nVmy A Random Walk Down Wall Street by Burton G. Malkiel
https://amzn.to/2nfkfiE Irrational Exuberance by Robert J. Shiller
https://amzn.to/2nn7imH The Bogleheads’ Guide to the 3 Fund Portfolio by Taylor Larimore
The little book of common sense investing by John C. Bogle
The Bogleheads' Guide to Investing
The Bogleheads' Guide to the Three-Fund Portfolio
The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk https://www.amazon.com/dp/1119487331
Or ... you could read books that are not based on half-truths and fallacies that will lead you to a range of unnecessary and easily avoidable risks.
Here are a couple of suggestions
The Simple Path to Wealth - J L Collins
The Bogleheads' Guide to the Three-Fund Portfolio