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If you’re considering buying this book because you think it is going be about how to invest broadly in the stock market, it is not. It is more about Bogle informing the reader of the benefits of investing in indexing while providing little information of other ways to invest. While I was reading it, I felt like the same information was being shoved down my throat the whole time which was buy into a low cost index fund and don’t ever think about buying into other stock options because the odds are not in your favor. Overall, there is some good information on index funds but that is about the only topic this book covers.
I studied finance in school so I got this book in hopes of gaining a better understanding of personal finance and creating wealth. For someone with a basic understanding of finance, it can provide some insight. I found it to be quite one dimensional. After the first couple chapters the material started to repeat itself and I felt I was being sold on index funds. Also, the main takeaways I got from the book were only about index funds. It really didn’t cover anything else, and it became clear he was trying to sell me on index funds because of his personal stake in them. This book is okay, but it certainly no secret to wealth.
The whole book just kept saying buy index funds. It offered a few new concepts but not much. If you are a truly a beginner maybe this book will help but I would not recommend this book even to a beginner. Love Vanguard though!
I would’ve given it higher marks if I didn’t already know that investing in index funds is the way to go. The author gives countless examples why this strategy works. We get it! I’m not sure that it warrants an entire book. A blog post would’ve sufficed.