Talk:Bogleheads® investment philosophy

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Revision as of 03:19, 24 April 2012 by Kevin M (talk | contribs) (Created page with "How does one reconcile "invest with simplicity" with the writings of Bogleheads authors William Bernstein, Rick Ferri, and Larry Swedroe, especially if simplicity is defined a...")
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How does one reconcile "invest with simplicity" with the writings of Bogleheads authors William Bernstein, Rick Ferri, and Larry Swedroe, especially if simplicity is defined as only three or four funds, per the example? Yes, investing with simplicity is John Bogle's advice, but Bogleheads has evolved to encompass more than just John Bogle's advice; hence, the designation of "Bogleheads author" conferred on the aforementioned authors. Simplicity is good for novice investors, and even good for sophisticated investors who have decided that a simple total market portfolio makes sense. However, Bogleheads authors and many other Bogleheads go beyond a three or four-fund portfolio. Many examples can be provided; here is one: the sample portfolio on page 91 of "The Investor's Manifesto" includes 12 funds. It would be more credible to suggest a three- or four-fund portfolio when starting out (all but Larry Swedroe probably would be fine with this), but acknowledging that some Bogleheads add more funds (asset classes) as they deepen their knowledge of investing.--Kevin M 02:19, 24 April 2012 (CDT)