Meet the Bogleheads

http://bogleheads.org

Quote: “The Bogleheads forum is dedicated to the civil discussion of investing, personal finance, and consumer issues.”

There’re many investing forums on the net, but this is perhaps the best investment site.

The investment strategy of this finance forum espouses the investment philosophy of Jack Bogle (hence the domain name), i.e. simplified, low-cost, passive and widely-diversified investing. The philosophy is derived from academic studies and papers published from major universities from around the world. It’s also the best practice adopted by major financial institutions such as endowment and pension funds. The investment vehicles of choice for Bogleheads are ETFs and mutual funds in bonds and equities. Their favorite investment company is Vanguard, which is a low-cost, index-oriented investment provider which is previously helmed by Jack Bogle. While Singaporeans can’t buy USA’s mutual funds, we’re able to invest in Vanguard’s ETFs (or any other USA ETFs) via a brokerage such as E*Trade (which has a Singapore local office) or Vanguard in USA (which provides select free trades).

Among all the topics, one of the most talked about topic on this forum is saving and investing for retirement. Other possible reasons for saving and investing are education for our children, paying off for a house or general wealth enhancements. You can create an account for free and join in the discussion or if you’ve any questions, you can ask the folks. The advice of Bogleheads can be very sage, besides, more heads are better than one!

Bogleheads in general are nice, civil netizens. However, Bogleheads eschew high-frequency trading, market timing, securities selection, penny stock investing, alternative investments, and narrow-concentration investments. You can discuss such “forbidden” topics on the forum itself but if you insist that such investment techniques are good strategies, be prepared to be flamed or at least receive a heated argument from fellow forumers. Bogleheads follow a very orthodox investment strategy as favored by academics, if you don’t like the philosophy or have different opinions, you can always join an alternative investment forum with an ideology that meshes with yours.

While there are all kinds of Bogleheads on this forum given the open nature of the Internet, there are certain demographic traits of Boglehead forumers which I observed. Bogleheads in general are talented (plenty of Mensans), financially well off (plenty of millionaires), frugal, white and American. There are also quite a number of finance professionals such as financial advisors lurking around on the forum. You’ll come to know of them as you read more. I have learned a lot from these people and considering the forum and the advices are free, I’m especially grateful. While I can’t be considered as rich by developed-countries standard, I’m on my way to a comfortable retirement. So, kudos to the Bogleheads!

Most of the topics posted on the forum are finance related. However, Bogleheads do have a life outside investing and they frequently post many eclectic topics of various nature on the forum. The moderators do not seem to mind them and I find them to be a refreshing respite from all the financial matters. The topics can be legal, computer related or relating to household enhancements.

Over the years, the forum has done a great job educating the public on saving and investing. Some of the more talented members have further taken the task at hand and written not one but two investment books – “The Bogleheads’ Guide to Retirement Planning” and “The Bogleheads’ Guide to Investing”. They are great books per se but they tend to be a little on the American-centric side. Besides these 2 books, there are many other good books that gel while with the Bogleheads philosophy. You can read the recommendations on the wiki here:

http://www.bogleheads.org/wiki/Books:_Recommendations_and_Reviews

So, come on board the forum and set yourself financially free!

3 thoughts on “Meet the Bogleheads”

  1. Hi Soon Youn:

    Your description and analysis of the Boglehead forum is one of the best I have read.

    Thank you and best wishes.

    Taylor

  2. Hi:

    Just wanted to thank you for the kind words about the Bogleheads and our forum. I’m not sure if you’re aware that there is a Chinese version of our first book (The Bogleheads’ Guide to Investing).

    Good luck, and keep up the good work!

    Mel Lindauer
    Forbes Columnist and co-author, The Bogleheads’ Guide to Investing and The Bogleheads’ Guide to Retirement Planning

  3. Hi Taylor and Mel,

    Thank you for your kind comments on my post. Your presence on the Bogleheads forum is a welcomed relief for newbies and old-timers alike. Your post on the forum is almost always sage and timely. God blesses the Bogleheads!

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